prepare a marginal costing cost statement for your product on a per unit and 12 mont 464645

Aug 29, 2021 | Uncategorized

MOD000897 Introduction to Accounting and Finance

Assignment Brief 2013/14 Semester 1

NEW HAIR CARE PRODUCT

SCENARIO:

You have developed a new hair care product, which you believe could revolutionise the hair care market.

Following on from the Dragon’s Den success of Levi Root’s Reggae Reggae Sauce – (search the internet if you are unfamiliar with this story), you have decided to make a pitch to a small group of potential investors.

You know that any potential investor will expect you to have a good knowledge of how much your product will cost to produce and also of the expected level of sales and profit your product is predicted to make.

REQUIRED:

  1. Prepare a marginal costing cost statement for your product on a ‘per unit’ and 12 months sales/production basis. 5 marks
  1. Produce the following financial documents for the first 12 months of trading:
    1. Cash Budget(month by month)15 marks
    2. Forecast Income Statement(for the year)10 marks
    3. Forecast Balance Sheet(for the year)10 marks
  1. Write a 1,000 word ‘pitch’ explaining the costing and financial data from tasks 1 and 2 above, to your potential investors.35 marks

Total 75 ma

MOD000897 Introduction to Accounting and Finance

Assignment Brief 2013/14 Semester 1

NEW HAIR CARE PRODUCT

SCENARIO:

You have developed a new hair care product, which you believe could revolutionise the hair care market.

Following on from the Dragon’s Den success of Levi Root’s Reggae Reggae Sauce – (search the internet if you are unfamiliar with this story), you have decided to make a pitch to a small group of potential investors.

You know that any potential investor will expect you to have a good knowledge of how much your product will cost to produce and also of the expected level of sales and profit your product is predicted to make.

REQUIRED:

  1. Prepare a marginal costing cost statement for your product on a ‘per unit’ and 12 months sales/production basis. 5 marks

  1. Produce the following financial documents for the first 12 months of trading:
    1. Cash Budget(month by month)15 marks
    2. Forecast Income Statement(for the year)10 marks
    3. Forecast Balance Sheet(for the year)10 marks

  1. Write a 1,000 word ‘pitch’ explaining the costing and financial data from tasks 1 and 2 above, to your potential investors.35 marks

Total 75 marks

rk

MOD000897 Introduction to Accounting and Finance

Assignment Brief 2013/14 Semester 1

NEW HAIR CARE PRODUCT

SCENARIO:

You have developed a new hair care product, which you believe could revolutionise the hair care market.

Following on from the Dragon’s Den success of Levi Root’s Reggae Reggae Sauce – (search the internet if you are unfamiliar with this story), you have decided to make a pitch to a small group of potential investors.

You know that any potential investor will expect you to have a good knowledge of how much your product will cost to produce and also of the expected level of sales and profit your product is predicted to make.

REQUIRED:

  1. Prepare a marginal costing cost statement for your product on a ‘per unit’ and 12 months sales/production basis. 5 marks

  1. Produce the following financial documents for the first 12 months of trading:
    1. Cash Budget(month by month)15 marks
    2. Forecast Income Statement(for the year)10 marks
    3. Forecast Balance Sheet(for the year)10 marks

  1. Write a 1,000 word ‘pitch’ explaining the costing and financial data from tasks 1 and 2 above, to your potential investors.35 marks

Total 75 marks

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