Module 1 – SLP ACCOUNTING COST SYSTEMS AND COST BEHAVIOR

| November 9, 2018

Module 1 – SLPACCOUNTING COST SYSTEMS AND COST BEHAVIORYou are applying for a managerial position at an innovativeand rapidly growing company. This is a dynamic companythat wants an individual who adds value to the organization.Managers at this company wear many hats, so the positionrequires managing products, people, and financial aspectsof running the company.As part of the interview process, you are required to make apresentation covering four different topics, one per modulefor this course.You choose the company and the new product that you wantto showcase in your presentation. It can be real or fictitious(based on an industry). This is for background purposesonly. The presentation is to showcase your abilities and whatyou can contribute to the organization.IBIS World and BizStats have estimates of cost of goods soldand some other categories of operating expenses.Information about contribution margins are not available, butadding new products typically mean incurring both fixed andvariable costs. Consequently, cost of goods sold is areasonable estimate. Net operating income as a percentageof sales or some variation thereof may also be relevant if thenew product is expected to contribute significantly to thebottom line. As a candidate for a position you would nothave internal information available, but being resourcefuland being a skilled researcher are desired traits for theposition. IBIS World also have a wealth of other marketstatistics that may be helpful. Use listed background materialand other resources as needed.Required:Include the following items in your presentation.Present an idea for a new product.Describe the product.Show some cost estimates and pricing suggestion for this product basedon research.What approach would you use to determine selling price (for example costplus or target costing)? It is important when choosing a design.Explain your rationale for the pricing approach.Show expectations of growth and potential profit.SLP Assignment ExpectationsSubmit a Power Point presentation or a Word Document. APower Presentation should have no more than six slides anda Word document cannot exceed two pages. Use words,tables, and graphs to make a succinct presentation.Document all sources and provide links at the end. It isacceptable to add another slide or page to list the sources.

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