introduction to management accounting - Essay Example

Only on StudentShare

Extract of sample
introduction to management accounting

The company is also intending to manufacture natural toothpaste, which is expected to attract a large number of consumers considering that there is an increasing attention in regards to health issue. In this respect, the company expects its sales to grow consistently. 2.0 Target selling price and cost card The selling price of the company’s products is targeted to be low-priced relative to other similar products on the market. However, the company would take into consideration the costs associated with labor, raw materials, direct expenses and other variable costs, as well as fixed costs in calculating reasonable prices for both toothbrush and toothpaste. The use would use the marginal costing with an intention of calculating easily the break-even point (Siegel, & Shim, 2010). The company’s direct material cost for every product is expected to be ?0.15 and ?0.1 for toothbrush and toothpaste respectively. The direct labor cost is anticipated to be ?0.05 and ?0.1 for toothbrush and toothpaste respectively. Direct expenses are expected to stand at ?0.05 for every product. Other variable costs would also stand at ?0.05 for toothbrush and toothpaste. ...
Download paper

Summary

Financial Analysis Your City and State of the institution 1.0 Introduction The new company is intending to sell toothpaste and toothbrush products to consumers in the United Kingdom. However, the company is intending to locate its selling points at Manchester United, London and Birmingham…
Author : mbogisich

Related Essays

Introduction to Management Accounting
10 pages (2510 words) Essay
Management Accounting Assesssment
8 pages (2008 words) Coursework
Introduction to Management Accounting
8 pages (2008 words) Essay
SLP 1- Introduction to Managerial Accounting
3 pages (753 words) Essay
Management Accounting Report
6 pages (1506 words) Essay
MANAGEMENT ACCOUNTING
10 pages (2510 words) Essay
management accounting
3 pages (753 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!