Your company is a manufacturer of printers that are used with personal computers. Historically, you have been the high quality, low cost option. Your most popular printer sells for $79. Recently your main competitor has brought to the market a comparable printer for only $64 and having the same quality as yours. Your CEO has now created a task force to beat the competitor’s price by $15 while maintaining quality comparable to your current printer. He also wants to have this printer on the market within nine months. You are the leader of this task force. Your first assignment is to provide the appropriate problem statement for your task force. To get them started, you also want to provide some examples of the type of information and data that your team will need to created.

Provide the following :

a. The appropriate problem-statement and an explanation of why it is appropriate

b. Examples of two types of data or information that is needed and why you think these are appropriate.

Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 days before the finished goods are sold. if the accounts receivable cycle is 70 days and the accounts payable cycle is 80 days, what would the operating cycle be?

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.