Comprehensive Product Costing, accounting homework help

Comprehensive Product Costing

Select your favorite drink or snack item manufactured by a publicly held company. For this product respond to 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¬ís 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.

Your paper should meet the following requirements:

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