Create and imaginary company with a product that can be manufactured
Keep it a simple product. Don't pick something with many parts.
You will be describing the making and selling of the product.
1	List all the manufacturing costs? DM, DL Overhead
2	What are the fixed costs?
3	Variable costs?
4	List the non-manufacturing costs - period costs?
	For example - selling costs, rent, salaries (incl your own)
5	Determine if you should use job costing or process costing
6	Calculate a cost of goods manufactured - inventory plan
7	Determine a price to sell for using cost price volume
8	Determine breakeven sales numbers
9	Create a contribution margin income statement
10	Put together a 12 month budget with all the schedules in Chap 9
11	Create a summary of what the product is, how you make it, how you sell
	it, what you charge for it, what the competition is, and if your
	budget shows you are going to make money.