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Instructions Develop a mock product costing and valuation table for your business model. Be sure to include all costs involved in the production of your

image text in transcribedimage text in transcribed Instructions Develop a mock product costing and valuation table for your business model. Be sure to include all costs involved in the production of your good and/or service. Break down into as many subcategories as needed, such as variable, fixed, direct, or indirect. Be sure to assign overhead to each type of product and/or service. EXAMPLE: Company A manufactures park benches - Direct Material: The cost of wood/cement/metal to create the bench - Direct Labor: The cost of the salary/wages/benefits of the manufacturing staff to create the benches. - Manufacturing Overhead (material): Cost of nails/screws to hold the bench together - Manufacturing_Overhead (labor): Security to watch the factory at night, or admin staff to keep the company running - Manufacturing_Overhead: Utilities, and other potential overhead costs. Remember, you will be creating a business or project plan for a business in your final course. Think about that business idea and use that as a basis for these homework assignments so you will be able to re-use your calculations and ideas. Week 3 Assignment

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