Answer: Target Costing
Explanation:
Target Costing is a method of costing on a product done while it's still being produced to determine the best price at which the product can be sold that would be able to compete with price of other similar products in the market and still make profit for the company.
RTP Corp needs to apply target costing for it's new computer processor in order for it to be profitable and beat the price of other processors in the market.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The sales budget for the year shows 50,600 units and total sales of $2,317,800.
The total unit cost of making one unit of sales is $22.
Selling and administrative expenses are expected to be $304,000.
Income taxes are estimated to be $270,180.
Income statement:
Sales= 2,317,800
COGS= (22*50,600)= (1,113,200)
Gross profit= 1,204,600
Selling and administrative= (304,000)
Tax= (270,180)
Net operating profit= $630,420
Answer:
Gross profit= $54,700
Explanation:
Giving the following information:
Purchases $37,000
Merchandise inventory, September 1 6,100
Merchandise inventory, September 30 6,800
Sales 91,000
<u>First, we need to calculate the cost of goods sold:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 6,100 + 37,000 - 6,800
COGS= $36,300
<u>Now, the gross profit:</u>
Gross profit= sales - COGS
Gross profit= 91,000 - 36,300
Gross profit= $54,700
Answer: Project manager
Explanation:
A project manager is a qualified person in the field of project management. Project managers are responsible for the planning, directing, procurement and the execution of a project. Project managers are the first point of contact when issues arise from various departments in the organization before the problem reaches higher authorities.
The project manager is responsible for project management. The project manager does not really take part directly in the things done to produce the end result, but makes sure there is progress and fulfillment of the organizational goals.
