Sample Financial Accounting Assignment

Calculation of Annual Cost of Manufacturing Containers

Manufacturing of containers incurred high costs for the company and that made the company make a proper business strategy for the supply of containers from outside. The cost of the company is high and expensive and the strategy that is needed is important for the profit of the company. Annual costs of material that is incurred by the company are high and that makes the company take proper strategies to decrease the cost of manufacturing containers. Customers customer-specific approach of a company needs to make a proper strategy to reduce the costs of manufacturing containers and it is important for a company to estimate costs and also to create value for their products. The company needs to understand that an internal supply of containers is essential and if not manufactured for their high cost then it needs to be manufactured from external manufacturers. Costs incurred are high for manufacturing of containers and therefore company needs to reduce costs of manufacturing and external suppliers can provide containers for low cost. Manufacturing containers with high costs is not profitable for the company and that is important for a company to make a proper strategy for decreasing manufacturing costs and make a proper strategy for supplying it from external suppliers. The profit of a company is important for making business to be profitable and that is important for making proper strategies for business. The annual cost of material is £ 120,000.00 and the annual labour cost is £ 80,000.00 and these make the costs of manufacturing to be most expensive for the company. Profits for business are essential and businesses need to create value for their products if the costs of manufacturing are high then it creates a problem for the company and a proper strategy needs to be made. As per Mokyr et al. (2018), implementation of strategy is essential for a business to be profitable and if costs incurred are high and proper strategies are not made then costs that are incurred are high for the company. Businesses to be profitable need to make proper cost analysis of manufacturing of products.

Costs of manufacturing increase then proper implementation of strategies of cost reduction is essential for the company and that is important for the profits of the business. The company also incurred costs which are rental charges of £ 9,750.00 and plant cost at the time it was bought was £ 162,000.00 these costs make a business make proper strategies of costs and those strategies needs to be implemented for profit of the company. Estimates of costs need to be made and therefore it is essential for making business to be profitable. Plant cost is high and if plant cost increases then it will incur more cost and that will be not profitable for the company. Business needs to make profits by reducing costs and an increase in revenue is essential for making business to be sustainable. Costs incurred by the company need to be reduced and that makes costs to be estimated. Business with proper strategy is important for making business to be profitable. A company and its business objectives are essential for making profits for business and that makes business to be sustainable. Business objectives need to be aligned with the profitability.

ty of business and the company needs to make a proper strategy for an increase in profitability of the business and also reducing the cost of business and that makes business to be profitable. External suppliers will provide products that are essential for the company and that will reduce costs of the company and it will be profitable for the company. The costs of manufacturing need to be reduced and that will be profitable for the company and company also needs to make a proper strategy for the reduction of costs and proper implementation of the strategy. The present market value of plant cost is £ 28,000.00 and the annual plant maintenance cost is £ 9,900.00 if these costs increase then it is needed for the company to make proper strategy and make proper implementation strategy and make improve business objectives. The present market value of plant cost is important for a company to estimate and that is essential for making business profit for the company. As per Sull et al. (2018), estimates of costs that are incurred for business need to be reduced and proper implementation of strategies makes profits for business. Business objectives need to be profitable and implementation of a strategy for making business to be profitable is essential for business to be sustainable. The company also incurs general administrative cost which is £ 33,750.00 had caused the business to incur high costs which is important for business and also important for making proper objectives of the business with proper business strategies.

A cost incurred by a high company is important for a company to reduce costs of manufacturing and that makes the business to be profitable. The company had received a quote of £ 250,000.00 which makes the business profitable and therefore is essential for making the business sustainable. As per Cochran, Foley & Bi (2017), the objectives of a business need to be aligned with the profitability of the business. Costs incurred by the company are high and that is essential for making the business profitable with proper implementation of strategies and business needs to be aligned with business profits and costs need to be reduced for profits of the business.

Assumptions

The company had incurred high costs for business and therefore costs need to be reduced and that is essential for the profits of the business. Proper costs that are profitable are essential for a company to be sustainable in a competitive market and that will be possible if containers are supplied by external suppliers. The cost of manufacturing is high for the company as the company has incurred a high cost of material and high labour costs and other costs are also high. Costs need to be estimated and proper estimation of cost will make business to make profit. Costs incurred and profits of business are essential for making business to be sustainable and that is essential for making business profitable. Business needs to be customer-specific and that is essential for business to make important decisions for reduction of costs and that is important for making profitable business objectives. Read more at 'Assignment Help'.

References

Cochran, D. S., Foley, J. T., & Bi, Z. (2017). Use of the manufacturing system design decomposition for comparative analysis and effective design of production systems. International Journal of Production Research, 55(3), 870-890.

Mokyr, J. (2018). Editor’s introduction: The New Economic History and the Industrial Revolution. In The British Industrial Revolution (pp. 1-127). Routledge.

Sull, D., Turconi, S., Sull, C., & Yoder, J. (2018). Four Logics of Corporate Strategy. MIT Sloan Management Review, 59(2), 136-142.

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