Assignment 1:
You just created a new start-up company called Universal Drones Inc., because you want to compete in the growing industry of drone navigation systems. VectorCal (as described in the case analysis) is currently the only major company in the field. Your views on VectorCal are that the company charges a lot for their products and take a long time to manufacture them. You feel that your company can be a more efficient version of VectorCal.Keep in mind: When you are completing this assignment, you should be creating all the necessary assumptions to support your claim of being more efficient. Refer to scenarios and readings from previous weeks in order to complete this assignment. Write a 2–3 page paper in which you:Your assignment must follow these formatting requirements:The specific course learning outcome associated with this assignment is: Describe your new company called Universal Drones Inc. Include in your description,Why your company was formed,Your company’s mission statement,Your company’s vision statement, Your company’s product. An overview of your key personnel,Your targeted client base. Describe VectorCal, Include in your description,Why VectorCal was formed,VectorCal’s mission statement,VectorCal’s vision statement,VectorCal’s product,An overview of VectorCal key personnel,VectorCal’s targeted client base.Pricing analysis methods when forecasting government expenses, Critique the pricing method that VectorCal uses to forecast the prices of its products and services when contracting with the government.Discuss the types of pricing analysis methods (Comparison of proposed prices, Comparison of market prices, etc.) that your company will consider when forecasting prices. Provide rationale(s) to support your reasoning. Cost Considerations Discuss the following costs that your company, Universal Drones, Inc., needs to adhere to during your first year of operations. Remember to provide a rationale for each of these costs Semi-variable, Allocated, Indirect costs. Use at least three quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources. Outline details for a new start-up company including a forecasting approach and cost considerations.
Assignment 2:
Cost Classifications and Volume Based Costing
This assignment continues with your analysis of your company, Universal Drones, Inc., and their different types of costs. Being discussed are various cost classifications and volume based costs. You will finish this assignment by discussing different pricing methods that the government can consider. In order to complete this assignment, refer to the scenario in the Introduction of New Drone Company Assignment where you discussed VectorCal and your company, as well as the scenarios and readings from previous weeks. Refer to scenarios and readings from previous weeks in order to complete this assignment. Analysis of Universal Drones, Inc.’s Cost Classifications Analyze and provide examples in detail of the following cost classifications for your company. Reasonable costs, Allowable costs, Allocable Cost, Analysis of volume based costs Analyze and provide detailed examples of how the following costs change depending on volumes produced by Universal Drones, Inc. Fixed costs, Variable costs, Semi-Variable costs, Pricing Analysis by the government Assuming that a firm fixed price contract will be awarded, discuss the following pricing methods and indicate which one the government will probably choose. Also indicate how your company will ensure that the prices will be reasonable for the government. Remember to provide a rationale for each of these costs Comparison of proposed prices, Comparison of market-based prices, Comparison of prior proposed prices. Examine cost classifications, cost considerations, and price analysis methods for a new company.