Please answer the given questions BRIEFLY WITHOUT PLAGIARISM PLEASE WORD LIMIT 1000-1500 words:

QUESTION 1) Assume you are the Partners of a Business engaged in manufacturing of your choice. (Each group need to select a different business from the other groups) with the consultation and approval of Faculty Member.

a. Explain the nature of the company and various cost related to production of your Business. Classify all the elements in direct and indirect category along with the number of employees or labors for production and other departments.

b. Show the breakup of all the expenses under each category, Material, Labour, Overhead (maximum of 5 and minimum of 3) c. Mention the opening and closing of (Raw material, semi-finished goods and finished goods).

QUESTION 2) Prepare a cost sheet using the information from part A and calculate the profit. It is required to write the report only using word file. The word limit of report is approximately 1000-2500 WORD.