solved Product Pricing RecommendationIntroductionThis portfolio work project will help you to

Product Pricing RecommendationIntroductionThis portfolio work project will help you to assess a request, complete an analysis to understand the impact on an organization, provide a recommendation, and communicate that recommendation.ScenarioThe Acme Pickle Company has distributed pickles under the “Florida’s Best” brand for eight years from its production facility in Jacksonville, Florida. It sells the pickles to stores in the southeastern United States. Acme normally produces between 8,000 and 10,000 cases of pickles a month but has the capacity to produce 12,000 cases without adding equipment or personnel.The owner of a twenty-store supermarket chain in Wisconsin, called Super Deals, visits friends in Florida and is impressed with the quality of “Florida’s Best” pickles. He approaches you, an Acme Pickle account manager, with an offer to buy 2,000 cases of pickles to use in a special promotion at his stores. He is thinking of something such as:”Free jar of Florida’s Best pickles with every purchase of forty dollars or more—this month only!”He offers Acme a price of $9.50 per case, knowing that it is a very substantial discount from the normal selling price of $20 a case. Acme’s management is inclined to turn the offer down, because their cost is calculated at $10.00 a case. They believe they would lose money if they sold at $9.50 a case. You, on the other hand, believe that some errors have been made in the cost accounting.Your RoleYou are the account manager for Acme Pickles.RequirementsYour analysis for the Controller and Sales Manager is needed to suggest a different way of calculating the pricing of the pickles that may be lower. As part of your analysis, address the following items:Explain why some production costs are variable and some are fixed.Analyze the benefit of recalculating the cost of pickle production.How would you recalculate it?What would the result be?What is the benefit to the company of recalculating the cost?Analyze how financial accounting of production cost differs from managerial accounting of production cost.Explain the difference between the two accounting methods.Identify the benefits and drawbacks of each method.Recommend a plan of action to management regarding Super Deals’ offer.Below is the cost report for a recent month. In this month, Acme produced 9,000 cases and sold them at $20 per case, which is Acme’s normal selling price. Nine thousand cases are well beyond Acme’s break-even point, enabling Acme to record a substantial profit at the nine-thousand-case level.Acme Pickle Company Cost ReportItemCostCucumbers$15,000Spices and vinegar11,000Jars and lids10,000Direct labor, paid by the case30,000Line supervisors, on salary10,000Depreciation on factory10,000Property taxes on factory3,000Insurance on factory1,000Total Costs:$90,000Cost per case (9,000 cases produced) $10.00Deliverable FormatYour team lead wants to share this analysis across remote locations of the organization and is hoping you will set the standard for how analyses and decisions of this type should be presented and supported. Your team has requested either a recorded presentation (including slides and notes) or a presentation and supporting reporting that can be distributed as a model. Prepare a presentation of at least 9 slides using PowerPoint or software of your choice detailing your recommendation and the information you used to make your recommendation. You can either record the presentation or prepare a separate report supporting the presentation.If you choose to record your presentation, you may use Kaltura Media or another technology of your choice that produces a shareable URL.Recommendation requirements:Presentation slides:Create at least 9 slides detailing your recommendation and the information you used to make your recommendation.Include additional details as slide notes.Supporting information. Choose one of the following options:Record your presentation.Create a 2–3 page report to support your slides.Related company standards:The recommendation report is a professional document and should therefore follow the corresponding Academic and Professional Document Guidelines, including single-spaced paragraphs.In addition to the presentation or report materials, include:Title (slide or page).References (slide or page).Appendix with supporting materials.At least two APA-formatted references.EvaluationBy successfully completing this assignment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:Competency 1: Explain how accounting concepts and practices impact financial reporting.Explain why some production costs are variable and some are fixed.Competency 2: Apply principles of accounting to assess financial performance.Analyze how financial accounting of production cost differs from managerial accounting of production cost.Competency 3: Analyze accounting information to support business decisions.Analyze the benefit of recalculating the cost of pickle production.Recommend a plan of action to management.Competency 4: Communicate financial information with multiple stakeholders.Communicate accounting information clearly.Your course instructor will use the scoring guide to review your deliverable as if they were the Controller or Sales Manager. Along with reviewing the content, they will also review the way you present this content. Review the scoring guide prior to developing and submitting your assignment.Production and Price DecisionsWhirlpool has been involved in a trade dispute with South Korean manufacturers LG and Samsung, alleging that they are being unfairly harmed by the South Korean companies. Whirlpool claims that Samsung and LG are using unfair trade practices by illegally undercutting prices on washing machines sold in the United States by selling the units for less than their production cost.For this week’s discussion, prepare 4–5 paragraphs about this dispute. Consider for your post:How can Samsung and LG profit by selling their products for less than production cost?What remedies do you think the International Trade Commission (ITC) will recommend?Imagine you are selling a product, which currently has no tariff, to Canada or Mexico. How could you sell to Canada or Mexico for much less than the sales price in the United States and still make a profit? Discuss how some U.S. companies may suffer unforeseen negative consequences if a tariff on washing machines is imposed. What companies may be hurt, and how? Are you aware of any U.S. products that are known to be sold for less in foreign countries than the United States? If so, mention them in your posting.The following articles provide in-depth information about the dispute.Yu, R. (2017, June 1). Whirlpool says LG, Samsung dumping washers: Appliance maker asks Trump administration for import barriers. USA Today, B4.Packard, C., & Arnold, B. (2017, October 17). Broken trade laws and rising protectionism: Whirlpool fights imports, but who are they really helping? The Examiner.