Please do a comparative between one product but from two different companies or brand (this can be automobile, laptop, smart phone) in terms of total cost of ownership concept . please include real prices and numbers

Please do a comparative between one product but from two different companies or brand (this can be automobile, laptop, smart phone) in terms of total cost of ownership concept . please include real prices and numbers

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 16PA: Appliance Apps has the following costs associated with its production and sale of devices that allow...

See similar textbooks

Related questions

Q: Which financial data would be a good independent variable for utilities expense? Multiple Choice…

A: Sales- Correct answer as it is a financial data which is an independent variable for the utilities…

Q: Would it be ethical for Aaron to attend the meeting and share the relevant cost data? Explain your…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: The Golden Fence Company and Stone Wall Corporation are competitors in manufacturing walls and…

A: Profitability ratios are the ratios that are calculated to know the different profits as a…

Q: Aaron McKinney is a cost accountant for Majik Systems Inc. Martin Dodd, Vice President of Marketing,…

A: Product cost data involves the information related to the cost of material, labor, processing and…

Q: Some consulting organizations persuasively argue that by properly incorporating suppliers into their…

A: e relationship of buyer-seller is the bond betweenn the buyer of a product and a seller.

Q: Competitors often wants to know the cost of a competing product. For a price, a company called…

A: Joint cost is the cost of assembling that is incurred by an organization on a joint creation…

Q: A "What-If" analysis: An electronics store sells two models of television. The sales of these two…

A: This is a Two-Way data table is used in Coating to calculate the Maximization of Total revenue of…

Q: "Advise the Pricing practices or policies to be adapted for each of the items discussed below with…

A: Pricing practices plays an vital role as every product of the company needs to be priced…

Q: Describing and identifying information relevant to business decisions You are trying to decide…

A: The relevant items are: The price of the new printer The trade-in value of the old printer The…

Q: ou are a newly hired accountant for Sushi Beeber, Inc., a retail company specializing in apparel for…

Q: Looking for the break-even point from the information provided. The Smiths need to develop an…

A: Breakeven point is the point of sales at which the contribution generated is just equal to the fixed…

Q: One way consumers can evaluate alternatives is to identify important attributes and assess how…

A: The consumer is likely to choose the product C, as it has the highest score of 5.4 .This has been…

Q: A car rental agency rents subcompact, compact, and full-size automobiles. What assumptions would be…

A: CVP is used to determine the contribution and then determine the break even and take product…

Q: You are the sales manager for Mighty Widgets Manufacturers Inc. You are negotiating a 25% markup…

A: Let the manufacturer selling price be $100 Markup = 25% So, markup price = $100 x 25% = $25 Hence,…

Q: The total cost of ownership for Supplier A is $. (Enter your response rounded to the nearest whole…

A: Given in the question: SupplierA SupplierB Price per motor $775.00 $1,025.00…

Q: One way consumers can evaluate alternatives is to identify important attributes and assess how…

A: The weighted Average scores for all brands have been computed as below by multiplying score of each…

Q: Describing and identifying information relevant to business decisions You are trying to decide…

Q: hink? Justify with

A: QuickBooks Software Managing Company Accounts is No Sweat With Quickbooks Software With our…

Q: The success of a business depends on many things. For example, you are the senior manager of the ABC…

A: Markup Markup is amount added to cost to recover overhead and gain profits. Markup is also generally…

Q: The Camera Shop sells two popular models of digital SLR cameras (Camera A Price: 230, Camera B…

A: Data table in excel enable to find combination of price at which the total revenue will be highest.

Q: You are a newly hired accountant for Sushi Beeber, Inc., a retail company specializing in apparel…

A: Weighted Average Cost of Inventory: It is the weighted average to calculate the amount of cost of…

Q: What is the effect of the inventory change on the value stream profit of DVDs?

A: answer:- $5000 increase Inventory Change DVD Group TV Group Beginning Inventory Units 390 700…

Q: Aaron is a cost accountant for Majik Systems Inc. Martin the VP of marketing has asked Aaron to meet…

A: Sharing of relevant cost data with competitor is abuse of information. It helps competitor to get an…

Q: choose a company which produces more than one product. Take at least two of these products and…

A: The answer is stated below:

Q: Media Mogul Inc. is a marketing company that offers a variety of marketing offerings to its…

A: New Revenue recognition model: There are five steps under revenue recognition principle Step 1:…

Q: Which of the following is a benefit businesses experience from buying and selling their goods and…

A: Business experience from Buying and Selling Goods and Services are more benefited by using Internet.

Q: Media Mogul Inc. is a marketing company that offers a variety of marketing offerings to its…

A: The question is based on the concept of Business Transaction Analysis.

Q: Backyard Bulldog Barbecue Sauces, Inc., founded by Jefe Allen, produces a variety of barbecue sauces…

A: Different types of costs by Backyard Bulldog Barbecue Sauces, Inc. are as follows: Manufacturing…

Q: Media Mogul Inc. is a marketing company that offers a variety of marketing offerings to its…

A: The entity will only include variable consideration only to the extent that it is probable that a…

Q: One way consumers can evaluate altematives is to identify important attributes and assess how…

A: Weighted score is a combination of two variables (in given question importance to that consumer and…

Q: Aaron McKinney is a cost accountant for Majik Systems Inc. Martin Dodd, Vice President of Marketing,…

A: A cost accountant is a person in a business who is responsible for the recording of all the costs…

Q: aters will be commoditized, the company needs to develop an internal accounting system to keep track…

A: Weighted Average Cost of Inventory: It is the weighted average to calculate the amount of cost of…

Q: Genevieve Co, and Odessa Co. 1 point sell the same product in a competitive industry. Thus the…

A: solution: given fixed cost =P 70000 contribution margin =52% breakeven point =fixed cost /…

Q: Explain how manufacturers can know (a) how many products to make, and (b) how many products to sell…

A: Explain how manufacturers can know Required (a) how many products to make, and (b) how many…

Q: Pricing Williams Inc. produces a single product, a part used in the manufacture of…

A: “Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: A. Prepare a contribution margin by product report. Calculate the contribution margin ratio for…

A: Variable costing: Variable costing is the method that is used by the management (managers) for…

Q: "Advise the Pricing practices or policies to be adapted for each of the items discussed below with…

A: Pricing policies are adopted by the companies to price their products according to their…

Q: The number of units of one good that trade for one unit of alternative goods can be determined most…

A: Product or Goods: In everyday speech, the terms "product" and "good" are interchangeable. When…

Q: Why do online sellers need to have a knowledge about cost volume profit analysis?

A: An analysis used to measure the costs and determine the sales revenue of an entity so as to earn…

Q: Balanced scorecard. Pineway Electric manufactures electric motors. It competes and plans to grow by…

Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

100%

Please do a comparative between one product but from two different companies or brand (this can be automobile, laptop, smart phone) in terms of total cost of ownership concept . please include real prices and numbers.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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

Wifi Apps has these costs associated with its production and sale of devices that allow visual communications between cell phones: Prepare an income statement under both the absorption and variable costing methods along with a reconciliation between the two statements.
Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Prepare an income statement under both the absorption and variable costing methods along with a reconciliation between the two statements.
APPLY THE CONCEPTS: Target income (sales revenue) Another useful method for figuring out the type of performance your company will need to reach a target income is by using sales revenue. Rather than using the number of units, this method uses total sales revenue. In companies for which the total set of goods produced and sold is more varied, this would be the preferred method, as opposed to a business in which only one product is sold. Assume a company has pricing and cost information as follows: Price and Cost Information Amount Selling Price per Unit $30 Variable Cost per Unit $15 Total Fixed Cost $15,000 For the upcoming period, the company wishes to generate operating income of $40,000. Given the cost and pricing structure for the company’s product, how much sales revenue must it generate to attain its target income? Step 1: Calculate the contribution margin ratio: The contribution margin ratio is the contribution margin in proportion to the selling price on a…
Give an example of a product you would like to make and sell (like coffee - just pretend). What are some of the variable costs, fixed costs, mixed costs? What are some of the product costs versus period costs? What are the direct materials, direct labor, manufacturing overhead costs? Write this out as if you were giving it to a potential business partner.
A small company manufactures a certain item and sells it online. The company has a business model where the cost, C in dollars, to make x items is given by the equation C = 20/3 x + 50. The revenue R , in dollars , made by selling x items is given by the equation R = 10x. How many items must the company sell in order for the cost to equal their revenue?
A car rental agency rents subcompact, compact, and full-size automobiles. What assumptions would be made about the agency’s sales mix for the purpose of a cost-volume-profit analysis?
Please help to calculate the product differentiation, and cost leadership. Also, explain how successful has Esparza been in implementing its strategy, explain. See pictures
a difference in cost-plus pricing and target costing is that target costing starts with the price customers are willing to pay whereas cost-plus pricing starts with the cost. computes the desired markup while cost-plus pricing computes the maximum cost the company is willing to incur. is generally determined after introducing a product and cost-plus pricing is determined before introducing a product. is a simple approach while cost-plus pricing is relatively complex.
Cost Plus Pricing This is the most common cost-based approach to pricing a product, in which a marketer figures all costs for the product and then adds an amount to cover profit. In some cases, any costs of doing business that are not assigned to specific products. The most frequently used type of cost-plus pricing is straight markup pricing. The price is calculated by adding a predetermined percentage to the cost. Most retailers and wholesalers use markup pricing exclusively because of its simplicity - users need only estimate the unit cost and add the markup. The first step requires that the unit cost be easy to estimate accurately and that production rates are fairly consistent. We assume that a jeans’ manufacturer has fixed costs (the cost of the factory, advertising, managers’ salaries, etc.) of $2,000,000. The variable cost for a pair of jeans (the cost of fabric, zipper, thread, and labor) is $20.00. With the current plant, the firm can produce a total of 400,000 pairs of…
Why do online sellers need to have a knowledge about cost volume profit analysis?
How important is it to trace costs appropriately? Explain. As you are beginning to think about the importance of tracing costs appropriately, please consider the differences between variable costing and absorption costing. What implications does each of these have on such things as financial reporting of profit and pricing your products for the marketplace?
Can you provide samples/examples of tasks for developing the costing and profitability model for a new product? Should include the following: o A table showing the list of the parameters used in your model o A breakdown of the expected production costs and profitability o Calculation of the NPV of expected sales/ profitability o A sensitivity analysis that accounts for changes in any three (3) parameters of your model. o At least two trade-off rules you developed for your product development