I am taking my second accounting class, if that helps. Here is what I was given. I am completely confused.

1- Imagine you make SmartWater. Estimate the cost to manufacture a bottle of water and get it onto a convenience store shelf. You will sell this bottle of water for $1.50 How much profit will you earn from each bottle.

2- Make a brief itemized list of the costs you will incur in step 1 above. Also calculate the total cost of your product.

You are completely "guesstimating" on your first response.

I don't really understand where shes coming from and how to estimate this. It is a discussion post, Like i said i am confused. Please help