Evaluate the cost structure, Cost Accounting

Assignment Help:

The project (using the tools and techniques given in Chapters 3, 8, 10, 11, and 12 of the textbook) and its subsequent report are based on the complete economic analysis of a company and its available current financial data. The students are required to evaluate the company based on the trends in its demand for and the price of the products of the company, the cost incurred, and the profits generated over time and evaluate them against the industry standard or a comparable firm. Details, including the selection of the company (for evaluation), will be discussed throughout the semester. In general, the analysis is done in the following steps:

Evaluate the demand function and revenue function of the company by using the company information. Also, calculate the price- and cross-elasticities (calculated using information from the company of choosing and a comparable firm) of demand for the products of the company.

Use Regression Analysis in EXCEL to estimate the demand function (P versus Q).

Evaluate the cost structure of the company as well as its Total Cost, Average Cost and Marginal Cost functions.

Based on the Cost and Revenue structure of the company, determine the economic profit, output and product prices of the company. The nature of the company selected by the student would determine the market structure of the company (competition, monopolistic competition, monopoly, or oligopoly).

Use the Mergent Online Program available to the business students in the business lab to obtain information on the company economic data (the relevant data would include, but not limited to the balance sheet and income statement).

Make sure to attach all the company related printouts you have obtained from various sources with your final write-up.

A series of web addresses that provide company demand, revenue, cost, pricing, profit, and financial information are given below.


Related Discussions:- Evaluate the cost structure

Cost classification, #question.discuss the importance of cost classificatio...

#question.discuss the importance of cost classification to a business organisation?

Interest rates and adjust rates, The Federal Reserve adjusts short term int...

The Federal Reserve adjusts short term interest rates based upon their perceptions of the needs in the economy.  Please describe the ways the Federal Reserve can influence interest

Compute the cost of good sold and the ending inventory value, Beginning inv...

Beginning inventory on March 1 consisted of 2,000 units each costing $11.20. During March, the following was purchased for inventory: Date Purchase

Relationship among management accounting and cost accounting, Relationship ...

Relationship among management accounting and cost accounting Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accou

Computation of overhead recovery rate, Compute the rate to be used in each ...

Compute the rate to be used in each department for applying overhead in both departments Budegeted Cost sheet   Amount in $

Cost concepts / classification of costs, COST CONCEPTS / CLASSIFICATION OF ...

COST CONCEPTS / CLASSIFICATION OF COSTS 1. According to functions Administration cost / office cost Selling cost Production cost / factory cost / manufacturing c

Calculate the atm fee should the bank charge - marginal cost, A bank in a m...

A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs.  To determine whether to raise price, the bank managers experimented with a n

Modified accelerated cost recovery system, Assume new instruments for a fir...

Assume new instruments for a firm cost $18,000 with an additional installation fee of $2,000, both of which are depreciable. Finish the depreciation schedule shown below using the

Allocation of overhead costs, Allocation of Overhead Costs Allocation ...

Allocation of Overhead Costs Allocation of overheads is the term utilized where the overhead cost item can be charged to a exact cost center without the requirement for any es

Write Your Message!

Captcha
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