Managerial Accounting Analysis and Recommendations for Purpose Design Co.
Preferred learners
- Wisconsin, United States
- Academic experience
Categories
Skills
Project scope
- What is the main goal for this project?
-
Purpose Design Co. seeks to enhance its financial management and decision-making processes through a comprehensive managerial accounting analysis. Students will work in groups of 5-6 to identify the company's needs and provide actionable recommendations based on in-depth research and analysis. The project will involve analyzing fixed and variable costs, computing break-even points, and exploring activity-based costing. Students will also prepare various budgets, assess standard costs, and calculate variances. The ultimate goal is to solve a managerial accounting problem faced by Purpose Design Co. and provide a detailed written portfolio with their findings and recommendations.
Project activities might include but are not limited to:
- Analyzing how fixed and variable costs behave and how to use them to predict costs.
- Computing the break-even point using the contribution margin approach and interpreting a cost-volume-profit graph.
- Exploring activity-based costing and how it differs from a traditional costing system.
- Preparing all budgets used in a business with an emphasis on cash flows and income projection.
- Assessing standard costs and calculating variances from actual costs for materials, labor, and manufacturing overhead.
- Identifying relevant and irrelevant costs and benefits in a decision situation.
- Preparing and interpreting statements of cash flows.
- Calculating pricing.
- What tasks will learners need to complete to achieve the project goal?
-
The project deliverables will include a comprehensive written portfolio that addresses the managerial accounting problem of Purpose Design Co. This portfolio will contain:
- A detailed analysis of fixed and variable costs and their behavior.
- Break-even point calculations and cost-volume-profit graph interpretations.
- Activity-based costing analysis and comparison with traditional costing systems.
- Prepared budgets with a focus on cash flows and income projections.
- Standard cost assessments and variance calculations for materials, labor, and overhead.
- Statements of cash flows and pricing calculations.
- Actionable recommendations based on the analysis and research conducted.
- What is the main goal for this project?
-
Purpose Design Co. seeks to enhance its financial management and decision-making processes through a comprehensive managerial accounting analysis. Students will work in groups of 5-6 to identify the company's needs and provide actionable recommendations based on in-depth research and analysis. The project will involve analyzing fixed and variable costs, computing break-even points, and exploring activity-based costing. Students will also prepare various budgets, assess standard costs, and calculate variances. The ultimate goal is to solve a managerial accounting problem faced by Purpose Design Co. and provide a detailed written portfolio with their findings and recommendations.
Project activities might include but are not limited to:
- Analyzing how fixed and variable costs behave and how to use them to predict costs.
- Computing the break-even point using the contribution margin approach and interpreting a cost-volume-profit graph.
- Exploring activity-based costing and how it differs from a traditional costing system.
- Preparing all budgets used in a business with an emphasis on cash flows and income projection.
- Assessing standard costs and calculating variances from actual costs for materials, labor, and manufacturing overhead.
- Identifying relevant and irrelevant costs and benefits in a decision situation.
- Preparing and interpreting statements of cash flows.
- Calculating pricing.
- What tasks will learners need to complete to achieve the project goal?
-
The project deliverables will include a comprehensive written portfolio that addresses the managerial accounting problem of Purpose Design Co. This portfolio will contain:
- A detailed analysis of fixed and variable costs and their behavior.
- Break-even point calculations and cost-volume-profit graph interpretations.
- Activity-based costing analysis and comparison with traditional costing systems.
- Prepared budgets with a focus on cash flows and income projections.
- Standard cost assessments and variance calculations for materials, labor, and overhead.
- Statements of cash flows and pricing calculations.
- Actionable recommendations based on the analysis and research conducted.
Supported causes
About the company
- https://www.purpose-design.co
- 2 - 10 employees
- Consumer goods & services, Environment, Technology
Designing for companies who do good. From helping the environment to designing products for women, we provide innovative and immersive experiences in the digital and physical world.