My product is ceramic jewelry. Some costs may include clay/tools, jewelry findings, studio time, packaging

1. Imagine that you have just graduatedelen and are eager to open a new business! Brainstorm a product that you would like to manufacture and sell or a service that you would like to sell. 2. Once you have developed your business idea, think about the corresponding costs and how many units you plan to sell. 3. In Excel, list and compute the following: a. At least 6 relevant costs 2 fixed, 2 variable, and 2 mixed b. Estimate each of these costs on annual basis. c. Calculate how many units you will need to sell to break even in the first 3 years of your business. d. Estimate a target profit for years 2 and 3. What is it in dollars? How many units must be sold to achieve these target profits? summarize the following: a. Why did you select the p** ohese? b. What are the relevant costs for your business? Explain how you classified each cost as fixed, variable, or mixed. c. Discuss the break even point for years 1-3. Does it change? Why? d. Discuss the target profit that you have established for years 2 and 3. How did you arrive at it? Do you think you can realistically achieve these targets? e. Be sure to share any final thoughts about your new business. Do you think it's too risky? 4