ACCT 1116 – Managerial Accounting

Describe a product that you will like to manufacture. Provide an overview about the proposed business including its competitors, the industry in which it will operate and target customers. Read and summarize a recent article about the industry or economic conditions in the country or economic forecasts. Discuss how the subject matter of the article may affect the business with respect to making the product Costs
1. What will you need to make the product? Will the production be labor intensive or capital intensive? What strategy will you adopt – being a low-cost producer, product differentiation or others?
2. Describe and estimate the costs that the company will incur in its first month and year of operations
3. Classify the costs as either product costs or period costs. For product costs, state whether the cost is a direct materials cost, direct labor cost or manufacturing overhead. Further breakdown the period costs into selling cost and administrative cost. Also, indicate whether the cost is a fixed cost, variable cost or a mixed cost


Pressed for time?


Hire a skilled expert and get original paper for 3+ hours now

More Similar Essays

White’s The Clash of Economic Ideas

Pick one of the topics to write a 6 page paper on. Please use citations and quotes mentioned in the topic you chose (An Outline of the history of Economic Thought by Screpanti or The Clash of Economic Ideas by White). 1. Screpanti/Zamagni in chapter 12 provide a host...

read more


1. Wright a summary of content and methods used in the chronological development of metaphysics. 2. Choose a philosopher from the ancient, medieval, or modern period then discuss and compare his distinct metaphysical teaching and method with Martin Heidegger (a...

read more

EXAM 4 History

5 short answer questions 2 essay questions. This exam covers Chapters 13-16 in the textbook.George Brown Tindall and David Emory Shi, America: A Narrative History (11th Edition, Volume 1) ISBN # 978-0-393-66893-3Joshua D. Rothman, Reforming America, 1815-1860. ISBN #...

read more