Case Study:Pramini, R., & Ashutosh, D. (2019, April 22). Harsh electricals: Analyzing cost in search of profit. Ivey Publishing. Retrieved from https://www.iveycases.com/ProductView.aspx?id=101830

Objectives

• Identify a role to assume in an analysis of a presented case
• Assess the financial reporting landscape, considering the user needs, constraints, and business environment
• Identify the issues contained in a presented case
• Analyze the issues (qualitatively and quantitatively) in a presented case
• Provide a recommendation and conclusion based on a sound analysis of a case
• Issue identification
• put together a cost of goods sold statement for Harsh Electrical
• Considering Harsh Electrical's product and period costs, put together a projected income statement for the calendar year 2014.
• Calculate Harsh Electricals' Break Even Point (BEP) in terms of units and volume
• Calculate the number of units that Harsh Electricals must sell to match the level of profit earned in financial year 2010-2011.
• Summarize the case and conclude, including the integration of qualitative factors of the decision