Reference no: EM1347606
For business making framed botanical prints:
1. Make the following budgets for 1 quarter broken down monthly regarding your selected item: estimated sales budget, estimated direct materials budget, estimated direct labors budget, estimated manufacturing overhead budget, estimated selling and administrative expenses, and estimated income statement.
2. Classify all manufacturing costs and selling and administrative expenses as either variable or fixed.
3. Make a contribution margin income statement separating all variable and fixed costs in their own categories.
4. Find out the breakeven point in units and dollars. Also, find out the number of units and dollars which need to be sold to make a target profit of $5,000 month.
5. Recognize what types of trends you must be aware of in the industry and who the primary competitors are.
6. Answer the following question: If you had to enhance the bottom line, what would you do and what concerns would you have going forward.
7. Select a piece of equipment which you may consider purchasing to raise production of your item and address the following questions:
What kinds of capital budgeting factors would you look at when deciding whether to do this? What would be the relevant costs which you would consider in this decision?
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Simid sports-production budget
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Developing budget for business-framed botanical prints
: Find out the breakeven point in units and dollars. Also, find out the number of units and dollars which need to be sold to make a target profit of $5,000 month. Recognize what types of trends you must be aware of in the industry and who the primary..
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