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Q1. Cost and Pricing - Many businesses are offering their products and services over the Internet. Find a well-known company and determine the following: 1.
Q1. Cost and Pricing - Many businesses are offering their products and services over the Internet. Find a well-known company and determine the following: 1. A specific product (or service) description 2. The product retail price. 3. Based on your responses to parts (1) and (2), along with the description of the company's business, identify the potential costs (estimate these costs based on your research) that are required to provide the product selected in part (1) and categorize them as fixed or variable using the related individual costs. 4. Based on the cost analysis from part 3 above, calculate the hypothetical unit contribution margin per incremental unit (use the formula and show your calculation). 5. Select one direct cost and one overhead cost from the data above; explain a possible variance for each of the costs in detail
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