Determine which of the costing systems best for your company

Assignment Help Finance Basics
Reference no: EM131004103

Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of 1,000 words:

Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.

You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.

How many items of your product will you need to produce to meet this sale price? How did you calculate this?

Determine which of the costing systems discussed in this class will work best for your company. Explain why.

Explain why those not chosen were not a good fit for your company.

You must explain "why not chosen" for a minimum of 3 costing methods.

Please devote at least 1 paragraph to the ethical considerations of costing methods.

Attachment:- joshuabarkley_acct351_ip4.zip

Verified Expert

The paper was about an USA based entity, Thornton Inc. which manufactures and sells customized machinery. These are manufactured on contractual basis. Contracts would range from short term one time contract of 3 to 4 months to recurring contracts. This paper talks about estimated selling price for a contract, its minimum selling price, normal selling price. Also it discusses about estimated output. This concludes with touch of decision making where in we discuss of project viability based on tools such as net present value and pay back period. Another important tool which is used when there is a conflict between net present value and pay back period i.e. Profitability index. The paper has been prepared in word format.

Reference no: EM131004103

Questions Cloud

Java program- displays all the details of stations : Write a Java program called codes. java that, firstly, prompts (asks) the user to enter an input file name. This is the name of a text file that can contain any number of records.
Share a key clip or moment of reflection : Could you please share a key clip or moment of reflection you think will generate some discussion; this must not be a ready-made preview for the film. It must be a relative "clip" to demonstrate a point from the same movies " the mask you live in"
Plot the marginal revenue per increase in the subsidy : Rice farmers find that for each $.05 increase in the gov- ernment mandated price, each farmer's revenues increase by $50,000.The lobbying cost per farmer for each $.05 increment in price support is increasing, as illustrated in the table below, be..
What challenges does the organization face : What challenges does the organization face? Explain why these challenges have arisen. Again, think about the leadership frameworks and their characteristics, such as: Cultural issues and Funding issues
Determine which of the costing systems best for your company : Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.
Does putting considerable amounts of time into a work of art : Handcrafting metal into an intricate design is no easy task; since she did spend hours of time on just this one pair of earnings, that art has become much more intriguing to me and my appreciation for it has increased. What do you guys think? Does..
Eat at my restaurant-liquidity review : With this case, we review the liquidity of several restaurant companies. The restaurant com- panies reviewed and the year-end dates are as follows:
Despite this effort, they not satisfied with market price : Rice farmers find that they face the market conditions il- lustrated in the table on the next page. Plot the demand and supply curves given these data. Identify the market equilibrium price and quantity. Rice farmers are well or- ganized, and have..
What points on the ellipse are furthest from the origin : What points on the ellipse x2+xy+2y2=1 are furthest from the origin? Let E be the square -½ ≤  x ≤ ½, -½ ≤  y ≤ ½. Estimate ∫Ef(x,y) dA by cutting E into four smaller square.

Reviews

Write a Review

Finance Basics Questions & Answers

  How the initiative affects the organization financial plan

My bullet is How the initiative affects the organization's financial planning

  Discuss cost of capital in terms of the financing costs to

explain cost of capital in terms of the financing costs to the corporations. include a detailed explanation of the

  What is the company theoretical stock price

The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's theoretical stock price? (HINT: see text for calculations that require both CAPM and DDM).

  Compute the break-even ibm stock price

Consider the September 2012 IBM call and put options in Problem 20-3. Ignoring any interest you might earn over the remaining few days' life of the options, consider the following.

  What is the expected return on tangier stock

Tangier Manufacturing's common stock has a beta of 1.8. If the expected risk free return is 5% and the expected return on the market is 16%, what is the expected return on Tangier's stock?

  If dividends paid to common stockholders are not legal

if dividends paid to common stockholders are not legal obligations of a corporation is the cost of equity zero? explain

  A very small countrys gross domestic is 12 million a if

questions1. a very small countrys gross domestic is 12 million. a. if government expenditures amount to 7.5 million and

  The dividend payout ratio will be 40 and return on equity

a stock will not pay dividends until three years from now. the dividend then will be 2.00 per share the dividend

  Investments worksheet

Answer the following questions in at least 50 words each: 1. What are the main differences between a 401K and a Roth IRA?

  What is the difference between current price of bond

What is the difference between current price of bond (using arbitrage opportunity ) and actual price of the bond ?

  Read the story about jane wu

Instructions: Read the story about Jane Wu, treasurer of Wilson Paper Company. Make sure you understand the context of the story and prepare to address questions about the story.

  Describe the behavior of real exchange rates

Describe the behavior of real exchange rates. What methods can be used to forecast future spot rates of exchange? How can the international parity conditions allow you to forecast next year's spot rate?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd