Question
I am creating a fake business plan for language-translating airpods. Please help by putting these numbers into an excel budget, finding a good price for
I am creating a fake business plan for language-translating airpods. Please help by putting these numbers into an excel budget, finding a good price for the product, find revenue based on that price and find the break even point. Any input helps. Please help! (these numbers are monthly except for product development that is a one time payment)
Product Development Expenses:
Research and Development expenses: $100,000
Design costs: $50,000
Patent filing fees: $10,000
Manufacturing Costs:
Raw materials: $80,000
Labor: $60,000
Overheads: $30,000
Marketing and Sales Expenses:
Advertising: $5000
Promotions: $10,000
Website development: $1000
Operating Expenses:
Rent: $12,000
Utilities: $5,000
Salaries: $60,000
Administrative costs: $10,000
Depreciation and Amortization
Manufacturing Equipment: $50,000 (useful life: 5 years)
Office Furniture: $10,000 (useful life: 3 years)
Patents: $20,000 (useful life: 10 years)
Taxation:
Corporate Income Tax Rate: 8.84%
Sales Tax Rate: 7.25%
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