Get personal help with your studies from any of the 45,000 experienced experts on Studybay

  • No intermediaries
  • No plagiarism
  • Any Subject
  • Always on time

Here’s an example of project completed by our experts:

Comprehensive Product Costing (7 pages) (Example)

Document Preview:

Snicker’s Milestone Name of the course: Name of student: Name of institution: Introduction My portfolio project selection will be on Snickers a milk [chocolate nougat bar with peanuts and caramel. The manufacture for Snickers since 1930 is Mars Inc. Snickers is widely recognized in over 80 countries and is one of the top brand in North America. Snickers will be a great snack to review as this brand is very innovative with different varieties and about $2 billion annual global sales. Snickers’ sales in grocery drug and mass excluding Walmart show it is the number 4 brand behind Hershey’s Reese’s Peanut Butter Cups and sister brand M&M’s (Beirne 2006). Snickers focuses in a complete fully automated and integrated candy manufacturing plants to reflect its principles: quality responsibility mutuality efficiency and freedom. Its cost production is reduced because Mars created a standard reference design and build-out for a line which is 20.2% at $20 Medical care rate is 7.45% at $1.5 Workers compensation rate is 10.0% at $3.5% Expense Rate Cost Basic hourly wage 20.2% $20 Medical care 7.45% $1.5 Workers compensation 10.0% $3.5 Total $25 iii. Maintaining healthy inventory cost levels by the cocoa farmers. If inventory cost= $6 000 Inventory value=$60 000 Opportunity cost=5% Insurance=3% Taxes=6% Item Rate Inventory(6 000/6000) 10% Opportunity cost 5% Insurance 3% Tax 6% Total rate 24% References Beirne M. (2006). Snickers sales drop may prove tough nut for mars. Brandweek 47(23) 9. Retrieved from https://csuglobal.idm.oclc.org/login?url=https://search-proquest-com.csuglobal.idm.oclc.org/docview/218089674?accountid=38569Moreno A. & Terwiesch C. (2015). Pricing and production flexibility: An empirical analysis of the US automotive industry. Manufacturing & Service Operations Management  17(4) 428-444. Plant of the Year 2015: Mars chocolate is lean and poised for growth. (n.d.). Retrieved from https://www.foodengineeringmag.com/articles/93728-plant-of-the-year-mars-chocolate-is-lean-green-and-poised-for-growth Plant of the Year 2015: Mars chocolate is lean and poised for growth. (n.d.). Retrieved from https://www.foodengineeringmag.com/articles/93728-plant-of-the-year-mars-chocolate-is-lean-green-and-poised-for-growth [...]

Order Description:

Comprehensive Product Costing (7 pages) Select your favorite drink or snack item manufactured by a publicly held company. For this product predict the following: Where is the product manufactured? Given the suggested retail price of the company and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser. Review the company’s overall gross margin. If the product is sold direct to the consumer, you may apply the gross margin as calculated. Applying the gross margin percentage to your product sales price, infer the cost of the product. Present your calculations in a supporting table. Complete the same exercise for a competitor’s product of the same type. Present your calculations in a supporting table included in your paper. Comment on the differences in cost between the two competitors, and assert the reason for this difference (e.g., does the company compete on cost or differentiation?) Apply the concept of the value chain to this product. What types of costs would be relevant for each segment of the value chain for this product? Research a single critical ingredient of your snack and its source. Do you expect significant increases in the cost of this ingredient over the next year? Support your response with input from the commodities market or other economic data. What are the opportunities to offset this price increase, maintain gross margin, and offer the product to consumers at the same price currently? Present your calculations in a supporting table included in your paper. In your analysis, include the following: An introduction Requirements 1 – 7 (do not forget to show your work) Conclusion Your paper should meet the following requirements: 7 pages in length including supporting tables (required number of pages does not include the title page and the reference page) Formatted APA FORMAT Include at least 2-3 outside sources

Subject Area: Accounting

Document Type: Thesis Statement

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $60

Words 1925

Pages 7

Completed in 3 days

Expert ProfAdams

Client Review

Agent was able to deliver in a very short notice. For such a detail and long assignment, agent did good.

Positive
12.05.2017

Similar projects

Subject of the project is Accounting   Type of the project is Thesis Statement

Intermediate accounting II

Subject of the project is Accounting   Type of the project is Thesis Statement

Final Tax Return Paper

Subject of the project is Accounting   Type of the project is Thesis Statement

Tax Paper

Subject of the project is Accounting   Type of the project is Thesis Statement

Term paper

Subject of the project is Accounting   Type of the project is Thesis Statement

Managerial accounting topic

Need Help With a Project on This or Another Topic?

Cooperate with seasoned experts directly — create your project now and start getting help in 2 minutes.

Studybay top experts

Reviews from Studybay Community

  • Our Studybay rating is:
    4.9
  • Our ReviewCentre rating is:
    4.8
  • Our SiteJabber rating is:
    4.5