need helps with numbers 1 thru 10 the overview is Select a product that you could make and can bring to class for presentation purpose.
need helps with numbers 1 thru 10 the overview is Select a product that you could make and can bring to class for presentation purpose. Examples of possible products could be cookies, birdhouse, or custom t-shirs. I chose Coffee Beans to make coffee.
#1 First I have to describe my product. What market are you targeting this product for? What price will you sell product for? Make projections of your sales in units over each of the upcoming four monts.
#2 Make a detailed list of all the material need to make your product. Include quantities needed for each material on a per- unit basis.
#3 Make a list of all the equipment you will need to make your product. Estimate the cost of each piece of equipment that you will need.
4. Make a list of all other expenses that would be needed to create your product. Examples of other expenses would be rent, utilites, and insurance. . Estimate the cost of each of these expenses each month.
5. Now classify all of the expenses you have listed as being either fixed or variable. For mixed expenses, serparate the expense into the fixed component and the variable component.
6. Calculate how many units of your product you will need to sell to break even in each of the four months you have projected.
7. Expect three independent changes that will incur in the second, third and fourth months, and assess how you break-even point will change due to that change. And think of the possible soultions maintain you break-even point.
8 Calculatethe margin of safety in units foreach of the four months in your projection.
9. Now decide how much you would like to make in before-tax operating income ( target profit) in each of the upcoming four months. Calculate how many units you would need to sell in each of the upcoming months to meet these target profit levels.
10. how realisitic is your potential venture Do you think you would be able to break even in each of the projected four months? How risky is your venture ( use the margin of safety to help answer this question). Do you think your target profits are achievable?
***I wrote which slides are important next to the slide
**** I have to first find the sales budget. 2. Production Budget 3. Then Direct Material budget in excel format
**** In one through ten I have to a CVP ( Cost Volume Profit) analysis: You will be applying the concepts of volume-profit anaylsis to this potential ventue. Chapter 22 notes so you know what's going on , please number which one your helping me with and if you can help guide to me excel format. Any assignments we work on must be in excel.
. Please look at Chapter 22 notes below
This ones Important and the one s after
1. Advantages of Budgets . Provides a framework for udging pertormance Motivates managers and other employees .Promotes coordination and the company to the creation of the budget icoe sta . Operating goods invemory direct material- Beginning inventory of direct materiaStep by Step Solution
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