accounting home work

"Congratulations!"

You have been promoted to the CFO position at IPS! You have hardly settled into your new office when the CEO asks you to prepare a financial report on the proposed Android01, as well as the MiniX and MiniY.

$2M has already been spent on market research, and IPS wishes to determine if the new Android01 component be produced in a way that will yield a profit.

"As you know," the CEO says, "there are different ways of allocating fixed overhead costs and our choice will affect the cost-per-unit of Android01." He continues, "I hope you can help us understand the different choices and how they'll impact our business."

Your prior manufacturing experience makes you think that examining an alternative method of assigning costs would also be prudent since Android01 shares component assembly with a related product — Processor01.

In your conversation with the IPS production manager, he alludes to the fact that a 30 percent markup is standard at IPS. While you're at it, you look for information on the variable costs per unit for different levels of production so you can provide a recommendation on what level of output will maximize profit.

Thinking you've got everything covered, you decide to take a break. Just as your lunch arrives, you get a call from your CEO: "I almost forgot to ask you about the Mini line!"

The CEO continues, "The new MiniY product has been so successful that we would like to increase production. We will need a budget projection. Also, the shared production costs for the Mini line have affected the value of our premiere product, the MiniX — I would like you to provide me with a profit or loss figure for the MiniX as well.

As you scramble to take notes, she continues: "I'll need a report summarizing your findings and projections."

This project will require you to analyze operations costs for the organization using managerial finance techniques. You will next determine the level of production and prices that maximize the firm's profit. Finally, you will prepare a financial budget for the firm and present your recommendations.

Begin by going to Step 1: Allocation of Costs.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

• 3.1 Identify numerical or mathematical information that is relevant in a problem or situation.
• 3.2 Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
• 3.3 Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
• 3.4 Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
• 10.5 Develop operating forecasts and budgets and apply managerial accounting techniques to support strategic decisions.