Assignment 1: Cost, Volume, Profit Analysis

By the due date assigned, respond to the following in the Discussion Area below:
Continuing the scenario from the Module 3 discussion:
Identify and classify the fixed and variable manufacturing costs for producing your product.
Describe what contribution margin means and how you would calculate it for your division.
What types of decisions could you make using the contribution margin? Give specific examples of how you might use the contribution margin to make decisions about product pricing, acceptance of special orders, increasing or decreasing component costs, or incurring additional advertising expenses.
Be sure to cite any sources using APA style. You may use this APA Citation Helper as a guide.
Through the end of the module, provide substantive responses to at least two other students’ initial posts.

SAMPLE SOLUTION

Assignment 2: Cost, Volume, Profit Analysis
Variable costs can be defined as ones that change based on the activity or the volume of production. On the other hand, fixed costs do not change regardless of the volume of production (Wyman-Pain, Bian, Thomas & Li 2018).
Identify and classify the fixed and variable manufacturing costs for producing your product.| PLACE YOUR ORDER NOW AT writtask.com | Based on the products produced by my company described in module 2, a good example of a fixed cost is rent. Even if the company reduces its operations or closes down for a while, the rent will | PLACE YOUR ORDER NOW AT writtask.com | cost is the basic salaries paid to employees (Moraga‐González, Sándor, & Wildenbeest, 2017). As per the agreements in…