<\/p>\n
By the due date assigned, respond to the following in the Discussion Area below:<\/p>\n
Remember, the information you gather in this assignment will contribute to your final project due in Module 5.<\/p>\n
This module you are learning about cost drivers. You will be adding costs to your budget. You want to consider several types of expenses.<\/p>\n
Based on your estimates, continue your table started in your Module 2 discussion. Add a section for direct materials\u2019 costs, direct labor costs, and overhead costs. At this point, you are only considering costs directly required to produce your product or service. You are not considering indirect costs, such as office rent and advertising expenses. Make sure you describe how you are determining each amount. For instance, with labor, how many employees do you anticipate needing and what will you be paying each employee? For materials, what materials are necessary, how much of each material will be needed, and what will the cost be? Once you have completed this section of your budget, your table should reflect the sales dollars anticipated and the direct costs necessary to earn those sales. At this point in the budget process, you are now able to add the projected gross profit to your budget (sales \u2013 cost of goods sold). Include your table as an attachment to your initial discussion response.<\/p>\n
Be sure to cite any sources using APA style. You may use this APA Citation Helper<\/a> as a guide.<\/p>\n Through the end of the module, provide substantive responses to at least two other students’ initial posts.<\/p>\n
| Assignment 2 Grading Criteria<\/td>\n | Maximum Points<\/td>\n<\/tr>\n | ||||||||||
| Initial Response<\/td>\n | \n 20<\/p>\n<\/td>\n<\/tr>\n | ||||||||||
| Discussion Participation<\/td>\n | \n 20<\/p>\n<\/td>\n<\/tr>\n | ||||||||||
| Writing Craftsmanship and Ethical Scholarship<\/td>\n | \n 10<\/p>\n<\/td>\n<\/tr>\n | ||||||||||
| Total:<\/td>\n | \n 50<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Assignment 2: Calculating Revenue<\/span><\/h2>\nThis is a good time to dream, but also to be realistic. The beginning period in any company is challenging and realistic planning is crucial for success. Based on your estimates, build a table, in Microsoft Excel, showing the quantities sold of each item or service, the dollar amount charged for each, and the total anticipated revenue. Your table should reflect sales by the month and then an annual total. Include your table as an attachment to your initial discussion response.<\/p>\n Remember, the information you gather in this assignment will contribute to your final project due in Module 5.<\/p>\n
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