Assignment 2: Cost Drivers By the due date assigned, respond to the following in the Discussion Area below:
Remember, the information you gather in this assignment will contribute to your final project due in Module 5.
This module you are learning about cost drivers. You will be adding costs to your budget. You want to consider several types of expenses.
•What materials and labor will be necessary to produce your product for sale?
•What overhead costs will be necessary?
Based on your estimates, continue your table started in your Module 2 discussion. Add a section for direct materials’ costs, direct labor costs, and overhead costs. At this point, you are only considering costs directly required to produce your product or service. You are not considering indirect costs, such as office rent and advertising expenses. Make sure you describe how you are determining each amount. For instance, with labor, how many employees do you anticipate needing and what will you be paying each employee? For materials, what materials are necessary, how much of each material will be needed, and what will the cost be? Once you have completed this section of your budget, your table should reflect the sales dollars anticipated and the direct costs necessary to earn those sales. At this point in the budget process, you are now able to add the projected gross profit to your budget (sales – cost of goods sold).
Include your table as an attachment to your initial discussion response.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more