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Please be as detailed as possible. Thank you! Create and ima Keep it a simple product. Don't pick something with man You will be describing
Please be as detailed as possible. Thank you!
Create and ima Keep it a simple product. Don't pick something with man You will be describing the making and selling of the product. company with a product that can be manufactured rts Think through the followin Where will vou Who will make it. How long will it take. What equi Who do vou sell to?How will Will you need to rent a place to sell? Who will get paid to sell? Sales commissions? Delivery costs, travel costs? Can you make mone make it what costs are involved materials, labor, rent, eto ent will t it to vour customers? need? 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 costi 6 Calculate a cost of 7 Determine a price to sell for using cost 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVP s manufactured invent lan e volume 10 Put together a 12 month or 4 quarter budget with all the schedules in C Sales budget, production, materials, labor ESPECIALLY Income Statem 11 Create a summary of what the product is, how you make it, how you sel it, what you charge for it, what the competition is, and if your budget shows you are going to make I am a potential investor. Convince me to invest in your compan Make up all numbers for costs and prices but try to keep them reasonable
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