Suppose, you want to commence a small business with your friends during Aimst Food Carnival to...

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Suppose, you want to commence a small business with your friends during Aimst Food Carnival to collect fund for SGFS leisure trip to Genting Highland. Determine how many quantities in units (Q) and value in Ringgit (RM) of food product needed to sell in order to achieve the breakeven and targeted profit by using Cost Volume Profit analysis. Please introduce your business briefly. a) Identify and briefly explain the Fixed and Variable cost involved in order to run your small business. (10 marks) b) Your analysis must include the 3 methods for the calculation of break-even point and targeted profit (in quantity and RM Value) as below: i) The Equation method ii) The Contribution margin method iii) The Graphical method (use graph paper) (10 marks) (10 marks) (10 marks) Suppose, you want to commence a small business with your friends during Aimst Food Carnival to collect fund for SGFS leisure trip to Genting Highland. Determine how many quantities in units (Q) and value in Ringgit (RM) of food product needed to sell in order to achieve the breakeven and targeted profit by using Cost Volume Profit analysis. Please introduce your business briefly. a) Identify and briefly explain the Fixed and Variable cost involved in order to run your small business. (10 marks) b) Your analysis must include the 3 methods for the calculation of break-even point and targeted profit (in quantity and RM Value) as below: i) The Equation method ii) The Contribution margin method iii) The Graphical method (use graph paper) (10 marks) (10 marks) (10 marks)

Answer rating: 100% (QA)

ANSWER Business Introduction Our small business aims to sell delicious homemade snacks and beverages during the Aimst Food Carnival Our menu includes a variety of items such as fried chicken samosas s... View the full answer