Revolutionary Footware Product  Assignment example
High school
Assignment
Finance & Accounting
Pages 6 (1506 words)
Download 0
REVOLUTIONARY FOOTWEAR PRODUCT REVOLUTIONARY FOOTWEAR PRODUCT (Your name) (Your institution) (Your instructor’s name) (Your course) (Year) Introduction Innovation is the backbone of the footwear market and as such modern designs that are made using the highest levels of creativity have the potential of taking the footwear products to a whole new level therefore giving footwear customers an experience that is second to none…

Introduction

These statements shall then be used to determine if the project is viable or not. To bring out this details, the report shall develop a marginal costing statement that clearly points out the cost per unit of producing each item of the new footwear product, a break even analysis table and graph that shows the time that the project will take to break even, a cash budget that shows how cash will be utilized across the first 12 months, a forecast income statement that shows how much profits will be made from the project within the first 12 months and a forecast balance sheet that shows the project’s assets and liabilities as at the end of each of the first 12 months of operation. The new footwear product that will be developed is a sports shoe that is made of alligator skin combined with goat skin which is known to be light and comfortable as well as durable enough to fit the potential expected for this project. Alligators are rare species and as such the portion of alligator skin used on each shoe will be minimal. ...
Download paper
Not exactly what you need?

Related papers

Management Accounting (performance indication, product and service costing, budgeting)
Product and service costing analysis will clear out the unnecessary costs that are being incurred by the institution thus taking corrective actions for the same. Through the estimation of the incremental budgeting we can assess as to the implementation of the same is required or not thereby suggesting other budgetary procedure which may or may not be implemented by the institution based on the…
Business plan: Product Budgeting Project
Some of the assumptions taken to complete the product budgeting practice are stipulated below. Assumptions 1. The product is made up of the two raw materials named Beflow and Affton. 2. Two kinds of labour are used in the production process of the product, which are skilled and non-skilled labour. 3. For capital expenditure, since this is the first year of operations, therefore, the organization…
Report On Product Costing For Dumbellow Ltd.
Furthermore, the production manager considered re-organization of production activities and also the use of a cheaper component of product Z. though all these proposals are viable; they have various shortcomings which may outweigh their expected benefit. In addition, a comparison of marginal costing and full costing (absorption costing) is dealt with in this report. The advantages of using…
Product Cost and Budgetary Control Methodologies and Systems
The budgetary control systems controls costs through the preparation of budgets, comparing actual performance with the budget. This allows the managers to act upon the budget and results in order to attain maximum profitability (FAO, 2010). Over the last two decades the computer world is changing how companies operate and report. The need to incorporate computerized systems in every business…
Dell's Product Policy
This translates to their system having low cash conversion cycle hence cash is generated steadily. However, the system has its limitations. The low inventory held means shortage is a possibility in cases where manufacturers delay in supplying the PC chips, like in 1996. The very high dependence on on-time component supply by manufacturers poses a major threat to steady supply. In addition, changes…
Product Costing.
This implies that, the cost of a finished unit in inventory will include direct materials and labor, and both fixed and variable manufacturing overheads. It is notable that, absorption costing is the most preferred method for external reporting as per the Generally Accepted Accounting Principles (GAAP). Absorption costing is fundamental in tracing the variable costs of production and the fixed…
Financial Calculations for a new hair care product
And all the products have to pass through research along with the specific product development phases. Keeping in view these facts, the above table shows a list of assumptions made for the development of the hair care product. Moreover, these assumptions would serve as the baseline for calculating the revenue and costing of the product, marginal costing, sales / production basis and the break even…