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need help Write a report to the upper management of Green Cast Inc. that explains what happened in the First-Class product line. Use the report
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Write a report to the upper management of Green Cast Inc. that explains what happened in the First-Class product line. Use the report writing guide from the course website. Explain the lecision made and the basis of the decision. To support your conclusions in the report, perform he analysis and answer these questions: 2. 1. Prepare a budgeted income statement for Oven-Safe Classic for 2017 if the engineers' redesign efforts had worked as originally planned. Use these assumptions: a. First quarter sales of 1,500,000 units will be achieved each quarter in 2017. b. The selling price for 2017 will remain 11% below the price charged from 2012 2016, and there were no sales price increases during the 2012-2016 period. c. The variable cost of goods sold averaged about $5.55 per unit of ovenware from 2012-2016. d. Variable production costs will be reduced by 36% due to the new design. e. The fixed cost of production in 2016 contained one-time, increased costs (about $4,000,000) for the design changes. For 2017 , fixed costs are expected to be about 3.6% higher than in 2015 . f. Marketing costs contain both fixed and variable elements, however, it is budgeted based on spending 7.1% of expected sales revenue. g. Other fixed costs are expected to increase about 2.6% over 2016. Would the product manager have met his profit target of 25% return on sales in 2017 for the product line with the redesign? Green Cast, Inc. Oven-Safe Classic Product Income Statement For the years ended December 31, 2012-2016 Write a report to the upper management of Green Cast Inc. that explains what happened in the First-Class product line. Use the report writing guide from the course website. Explain the lecision made and the basis of the decision. To support your conclusions in the report, perform he analysis and answer these questions: 2. 1. Prepare a budgeted income statement for Oven-Safe Classic for 2017 if the engineers' redesign efforts had worked as originally planned. Use these assumptions: a. First quarter sales of 1,500,000 units will be achieved each quarter in 2017. b. The selling price for 2017 will remain 11% below the price charged from 2012 2016, and there were no sales price increases during the 2012-2016 period. c. The variable cost of goods sold averaged about $5.55 per unit of ovenware from 2012-2016. d. Variable production costs will be reduced by 36% due to the new design. e. The fixed cost of production in 2016 contained one-time, increased costs (about $4,000,000) for the design changes. For 2017 , fixed costs are expected to be about 3.6% higher than in 2015 . f. Marketing costs contain both fixed and variable elements, however, it is budgeted based on spending 7.1% of expected sales revenue. g. Other fixed costs are expected to increase about 2.6% over 2016. Would the product manager have met his profit target of 25% return on sales in 2017 for the product line with the redesign? Green Cast, Inc. Oven-Safe Classic Product Income Statement For the years ended December 31, 2012-2016
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