need help getting started dont really understand this assignment
reate and imaginary company with a product that can be manufactured Keep it a simple product. Don't pick something with many parts. ou will be describing the making and selling of the product. Think through the following Where will you make it-what costs are involved - materials, labor, rent, etc. ho will make it. How long will it take. What equipment will you need? Nho do you sell to? How will you get it to your customers? Nill you need to rent a place to sell? Who will get paid to selil? ales commissions? Delivery costs, travel costs? an you make money? List all the manufacturing costs? DM, DL Overhead 2 What are the fxed costs? 3 Variable costs? 4 List the non-manufacturing costs - period costs? For example- selling costs, rent, salaries (indl your own) 5 Determine f you should use job costing or process costing Calculate a cost of goods manufactured- inventory plan 7 Determine a price to sell for using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVF 10 Put together a 12 month or 4 quarter budget with all the schedules in Chap 9 Sales budget, production, materials, labor ESPECIALLY Income Statement 11 Create a summary of what the product is, how you make it, how you sell it, what you charge for it, what the competition is, and if your budget shows you are going to make money I am a potential investor. Convince me to invest in your company. ake up all numbers for costs and prices but try to keep them reasonable Dashboard To Do Notifications Calendar reate and imaginary company with a product that can be manufactured Keep it a simple product. Don't pick something with many parts. ou will be describing the making and selling of the product. Think through the following Where will you make it-what costs are involved - materials, labor, rent, etc. ho will make it. How long will it take. What equipment will you need? Nho do you sell to? How will you get it to your customers? Nill you need to rent a place to sell? Who will get paid to selil? ales commissions? Delivery costs, travel costs? an you make money? List all the manufacturing costs? DM, DL Overhead 2 What are the fxed costs? 3 Variable costs? 4 List the non-manufacturing costs - period costs? For example- selling costs, rent, salaries (indl your own) 5 Determine f you should use job costing or process costing Calculate a cost of goods manufactured- inventory plan 7 Determine a price to sell for using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVF 10 Put together a 12 month or 4 quarter budget with all the schedules in Chap 9 Sales budget, production, materials, labor ESPECIALLY Income Statement 11 Create a summary of what the product is, how you make it, how you sell it, what you charge for it, what the competition is, and if your budget shows you are going to make money I am a potential investor. Convince me to invest in your company. ake up all numbers for costs and prices but try to keep them reasonable Dashboard To Do Notifications Calendar
