Acn405 Nafis Ahmed - Independent University Bangladesh Course Title Cost Accounting 1 Course Code ACN405 Sec 1 Date of Submission 21st September

Acn405 Nafis Ahmed - Independent University Bangladesh...

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Independent University Bangladesh Course Title: Cost Accounting 1 Course Code: ACN405 , Sec: 1 Date of Submission: 21 st September , 2020 Submitted to: Naheem Mahtab Lecturer of Accounting, School of Business Submitted by: Nafis Ahmed ID: 1621208
1 | P a g e Power Hoverboard
Table of Contents Contents Page No Executive Summary 1 Design Details 2 Variable cost of materials 3 Income statement for the year ending 2021 4 Balance Sheet for the year ending 2021 5 Cash Flow statement for the year ending 2021 6 Identifying Each Product as a separate job Identifying Activity and Cost Drivers 7 Raw materials and Production budget I. Production Budget for Power Hoverboard II. Direct Material Budget for Power Hoverboard 8 Manufacturing account for the year ended 2021 9 Description with financial performance 10 References 11
Executive Summary This business plan will show how a total investment of only 140000 BDT could yield cumulative net profit of 98500 BDT over a 1-year period and average monthly sales of 62500 BDT , while maintaining adequate level of liquidity. The purpose of this plan is to secure additional funding from an investor to cover the start-up costs. Power Hoverboard is a start-up business dedicated to providing customer with the topmost quality. Hoverboards are often called as Self Balancing Scooter. Riding this scooter is just like Skateboard riding. The self balancing scooters have become a trend now to travel for small distance. This hoverboard is relatively a new product that had incidents with quality issues back in 2015 when nearly every brand were called off by the U.S Government for safety concern and after a small gap, these boards are back in business. Our target consumer will be higher income earned individuals and especially those working in technological fields and the ones who are associated with it. As a start-up company, our company will be focusing on the most desired factors consumers look for in a hoverboard they make a purchase to and those are, long lasting battery, a Bluetooth speaker, a more transportation friendly build and faster speed. Also, at the initial stage, we will be producing only 5 colours which are Red, Black, White, Pink and Lime Green . Talking about the build of the hover board, it will be cheaper than most of the

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