Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Introduction: Provide a short overview of your company and the purpose of this report. A . Business Overview: Name your company and describe its business
Introduction: Provide a short overview of your company and the purpose of this report.
A Business Overview: Name your company and describe its business and your vision for its future.
B Purpose of the Report: Explain the purpose of the report and describe why the accounting information is important.
C Methods and Approach: Explain the management accounting methods you used for generating the information that you are about to share in terms of your adherence to industry standards and the American Institute of Certified Public Accountants AICPA code of ethics.
Financial Strategy: Review your original business plan and costing strategies.
A Costing System: Justify the use of job order costing for this business. Be sure to compare and contrast the various costing systems you learned about in this course as part of your defense.
B Selling Prices: Share and explain the selling prices you established for each of your products. Be sure to reference your costvolumeprofit analysis in your defense.
C Contribution Margin: Share and explain your contribution margin per unit. Be sure to reference your costvolumeprofit analysis in your defense.
Target Profits: Identify your breakeven points for achieving different target profits. Then explain the target profits you selected for each area of your business. Be sure to reference your costvolumeprofit analysi in your defense.
Financial Statements: Using the information in the Milestone Two Market Research Data Appendix, assess your financial performance to date.
A Statement of Cost of Goods Sold: Share the statement of cost of goods sold and logically interpret the business's performance against the provided benchmarks.
B Income Statement: Share the income statement and logically interpret the business's performance against the provided benchmarks.
C Variances: Illustrate all variances for the direct labor time and the materials price.
D Significance of Variances: Evaluate the significance of the variances in terms of the potential to impact future budgeting decisions and planning.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started