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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
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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