Create and imaginary company with a product that can be manufacturedYou will be describing the making and selling of the product.Think through the following: Where will you make it-what costs are involved-materials, labor, rent,etc. Who will make it. How long will it take.What equipment will you need? Who do you sell to? How will you get it to your customers?Will you need to rent a place to sell? Who will get paid to sell? Sales commissions? Delivery costs, travel costs? Can you make money? 1 List all the manufacturing costs?DM,DLOverhead 2 What are the fixed costs? 3 Variable costs?4 List the non-manufacturing costs-period costs? for example-selling costs, rent, salaries (incl yourown) 5. Determine if you should use job costing or process costing 6.Determine a price to sell for using cost price volume 7 Determine break even sales numbers-Try various prices 8Create a contribution margin incomestatement CVP 9. Put together a 12month or 4quarter budget with all the schedules in Chap9 Sales budget, production, materials, labor ESPECIALLY Income Statement 10Create 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.I am a potential investor. Convince me to invest in your company. Make up all numbers for costs and prices but try to keep them reasonable