you have to create your own product to be sold , list of variable and fixed cost , BEP analysis , Target profit ,sales to achive TP , Operation budget

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
you have to create your own product to be sold , list of variable and fixed cost , BEP analysis , Target profit ,sales to achive TP , Operation budget
You are planning to rent a booth during the event. The price of each small booth (10
square-feet) is being offered at price of RM100 per day while a larger booth (15
square-feet) are priced at RM140 per day. You see this as an opportunity for you to
make some money for your trip to Europe next year.
Use CVP analysis and prepare a daily operation budget. Include with explanations the
following items:
Product to be sold
The list of variable cost
The list of fixed cost
The BEP analysis
Target profit
Sales to achieve targeted profit
Operation budget (no explanations required)
Transcribed Image Text:You are planning to rent a booth during the event. The price of each small booth (10 square-feet) is being offered at price of RM100 per day while a larger booth (15 square-feet) are priced at RM140 per day. You see this as an opportunity for you to make some money for your trip to Europe next year. Use CVP analysis and prepare a daily operation budget. Include with explanations the following items: Product to be sold The list of variable cost The list of fixed cost The BEP analysis Target profit Sales to achieve targeted profit Operation budget (no explanations required)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education