Case Study: Pramini, R., & Ashutosh, D. (2019, April 22). Harsh electricals: Analyzing cost in search of profit. Ivey Publishing. Retrieved from https://www.iveycases.com/ProductView.aspx?id=10183

• Case Study: Pramini, R., & Ashutosh, D. (2019, April 22). Harsh electricals: Analyzing cost in search of profit. Ivey Publishing. Retrieved from https://www.iveycases.com/ProductView.aspx?id=101830

Objectives

• Identify a role to assume in an analysis of a presented case
• Assess the financial reporting landscape, considering the user needs, constraints, and business environment
• Identify the issues contained in a presented case
• Analyze the issues (qualitatively and quantitatively) in a presented case
• Provide a recommendation and conclusion based on a sound analysis of a case

Instructions

1. Individually, review the case, which can be purchased using the following link from Ivey Publishing: https://www.iveycases.com/ProductView.aspx?id=101830
2. Leverage the Intermediate Managerial Accounting textbook.
3. Develop a formal response to the problem(s) posed in the case, addressing the following areas within the analysis and using the same headings.
   • Introduction/Issue identification
   • Prepare a cost of goods sold statement for Harsh Electrical
   • Considering Harsh Electrical's product and period costs, create a projected income statement for the calendar year 2014.
   • Calculate Harsh Electricals' Break Even Point (BEP) in terms of units and volume
   • Calculate the number of units that Harsh Electricals must sell to match the level of profit earned in financial year 2010-2011.
   • Summarize the case and conclude, including the integration of qualitative factors of the decision