please help me with number 5 and 10

what u mean time? this is the rest of my work

i need this assigment will be done around 4 hours

Create an imaginary company with a product that can be manufactured and sold Keep it a simple product. Don't pick something with many parts. You will be describing the making and selling of the product. You can do this by yourself or in a group of 2 or 3 - No more than 3 Think through the following: Where will you make it - what costs are involved - materials, labor, rent, etc. Who 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 7 Determine a price to sell - try it out using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVP 10 Create a 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. Make up all numbers for costs and prices but try to keep them reasonable Font Number FI Calibri (Body) 12 A- A+ Alignment abc Wrap Text - General Normal Paste 0 Clear U Merge ES Conditional Formatting Bad F M 500,000 500,000 manufacturing costs cost of sales raw materials packingaging materials labor cost other direct expense (variable % of revenues 20% 5% 15% 5% total total value 100,000 25,000 75,000 25,000 225,000 K40 A B D 1 I will start a Icecream company and product to be sold will be icecream 2 price/icecream 1 3 total expected volume total revenues/year 5 6 1) 8 milk, sugar and palm oil 9 plastic wrapper and printing 10 11 12 13 14 12) 15 16 17 18 193) 20 21 22 23 24 25 26 41 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 S) we should use process costing fixed costs plant depreciation factory rental 5% 5% total 25,000 25,000 50,000 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense variable) 20% 5% 15N SM total 100,000 25,000 75,000 25,000 225,000 10% selling and distribution expenses general and administrative expenses other operating Income/lexpenses) 5% 5N total 50,000 25,000 25.000 100,000 35 16 17 18 plant depreciation factory rental 193) 20 21 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense(variable) Selling and distribution expenses general and teaministrative expenses other operating income/ (expenses) 8) break even sales computation break even sale=fixed cost/contribution margin = $50000/0.55-$90909 22 23 24 25 26 4) 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 5) we should use process costing 33 34 7) Determination of Price using cost volume Analysis 35 36 particulars totalvalue 37 revenue 500,000 38 less : variable cost -225000 39 contribution 275000 40 less: fixed cost -90000 41 profit 185000 42 43 contribution per unit - 275000/500000-0.55 44 fixed cost cost per unit = 90000/500000.18 per unit 45 so the price an item is -($0.55+0.18)-0.73 in order to earn profit 46 47 48 49 50 51 52 9) Contribution Margin Income Statement particulars totalvalue revenue 500,000 less : variable cost -225000 contribution 275000 less: fixed cost -90000 profit 185000 es 20% 5% 15% 5% total 100,000 25,000 75,000 25,000 225,000 5 10% 5% 5% total 50,000 25,000 25,000 100,000 on margin 11) sumary our product is Ice cream company, we make macturing cost of $225000, fixed cost $50,000 with a profit of 1$-0.73-0.27 and if 500,000 unit is sold profit will be $185,000. (we sell it for 1$) wih 15 per unit seasonal nature copetition geneally during summer season. we will to make money with the sale of 90909 unit above the company is going to make profit ment 0 Create an imaginary company with a product that can be manufactured and sold Keep it a simple product. Don't pick something with many parts. You will be describing the making and selling of the product. You can do this by yourself or in a group of 2 or 3 - No more than 3 Think through the following: Where will you make it - what costs are involved - materials, labor, rent, etc. Who 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 7 Determine a price to sell - try it out using cost price volume 8 Determine breakeven sales numbers 9 Create a contribution margin income statement CVP 10 Create a 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. Make up all numbers for costs and prices but try to keep them reasonable Font Number FI Calibri (Body) 12 A- A+ Alignment abc Wrap Text - General Normal Paste 0 Clear U Merge ES Conditional Formatting Bad F M 500,000 500,000 manufacturing costs cost of sales raw materials packingaging materials labor cost other direct expense (variable % of revenues 20% 5% 15% 5% total total value 100,000 25,000 75,000 25,000 225,000 K40 A B D 1 I will start a Icecream company and product to be sold will be icecream 2 price/icecream 1 3 total expected volume total revenues/year 5 6 1) 8 milk, sugar and palm oil 9 plastic wrapper and printing 10 11 12 13 14 12) 15 16 17 18 193) 20 21 22 23 24 25 26 41 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 S) we should use process costing fixed costs plant depreciation factory rental 5% 5% total 25,000 25,000 50,000 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense variable) 20% 5% 15N SM total 100,000 25,000 75,000 25,000 225,000 10% selling and distribution expenses general and administrative expenses other operating Income/lexpenses) 5% 5N total 50,000 25,000 25.000 100,000 35 16 17 18 plant depreciation factory rental 193) 20 21 variable costs-same as cost of sales raw materials packing materials labor cost other direct expense(variable) Selling and distribution expenses general and teaministrative expenses other operating income/ (expenses) 8) break even sales computation break even sale=fixed cost/contribution margin = $50000/0.55-$90909 22 23 24 25 26 4) 27 maketing, sales commision, adverting 28 office expenses, office rent, office overheads, salary of employees 29 30 31 32 5) we should use process costing 33 34 7) Determination of Price using cost volume Analysis 35 36 particulars totalvalue 37 revenue 500,000 38 less : variable cost -225000 39 contribution 275000 40 less: fixed cost -90000 41 profit 185000 42 43 contribution per unit - 275000/500000-0.55 44 fixed cost cost per unit = 90000/500000.18 per unit 45 so the price an item is -($0.55+0.18)-0.73 in order to earn profit 46 47 48 49 50 51 52 9) Contribution Margin Income Statement particulars totalvalue revenue 500,000 less : variable cost -225000 contribution 275000 less: fixed cost -90000 profit 185000 es 20% 5% 15% 5% total 100,000 25,000 75,000 25,000 225,000 5 10% 5% 5% total 50,000 25,000 25,000 100,000 on margin 11) sumary our product is Ice cream company, we make macturing cost of $225000, fixed cost $50,000 with a profit of 1$-0.73-0.27 and if 500,000 unit is sold profit will be $185,000. (we sell it for 1$) wih 15 per unit seasonal nature copetition geneally during summer season. we will to make money with the sale of 90909 unit above the company is going to make profit ment 0