need help solving problem 6,7,8,9 and 10 please be detailed
reate and imaginary company with a product that can be manufactured and sold Leep 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. Nho will make it. How long will it take. What equipment will you need? Who do you sell to? How will you get it to your customers? Will you need to rent a place to sell? Who will get paid to sell? Sales commissions? Delivery costs, travel costs? Can you make money? 1 List all the manufacturing costs? DM, DL Overhead 2 What are the fixed costs? 3 Variable costs? 4 List the non-manufacturing costs - period costs? For example - selling costs, rent, salaries incl your own) 5 Determine if you should use job costing or process costing 6 Determine a price to sell for using cost price volume 7 Determine breakeven sales numbers - Try various prices 8 Create a contribution margin income statement CVP 9 Put together a 12 month or 4 quarter budget with all the schedules in Chap 9 Sales budget, production, materials, labor ESPECIALLY Income Statement 10 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. Make up all numbers for costs and prices but try to keep them reasonable C D Manufacturing costs Direct materials Wheat flour dough/b Yeast/lb Meat/lb Produce/lb Cheese/b Total Direct Labor Overhead Administrative $0.50 5 workers costs $0.30 20 sandwhiches/hr Insurance $1.20 labor rate: $11/hr Depreciation $2.10 Property taxes $0.25 Rent $4.35 $55.00 Office Equiment Utilities Delivery Costs/hr Salary expenses Total $180.00 $135.00 $57.00 $123.00 $450.00 $68.00 $198.00 $25.00 $3,500.00 $4,736.00 Fixed Costs Rent Depreciation Property taxes Office Equipment Utilities Insurance Total: $180.00 $3,500.00 $3,680.00 Variable Costs $450.00 Raw Materials/b $57.00 Directs Labor/hr $123.00 Delivery Costs/hr $68.00 Total $198.00 $135.00 $1,031.00 Period costs $4.35 Admin costs $55.00 Salary costs $25.00 Total $84.35