Choose one item that you use each day—anything from a toothbrush to your favorite soda to an automobile.

Required:

Research the company that produces this item online to find out as much information as you can about the manufacturing process used to create the product. Prepare a report on the product and its manufacturer including the following.

1. A summary of the company including information about its manufacturing facilities.

2. How the company’s managerial accounting information would differ from its financial accounting information and specific users of each information type.

3. For the specific product you chose, provide three examples of each of the following costs.

a. Direct costs.

b. Indirect costs.

c. Variable costs.

d. Fixed costs.

e. Product costs.

f. Period costs.

4. At least two potential suppliers of raw materials used to manufacture the item.

5. The typical price that you pay for this item.