suppose that you have Started a new business for a manufacturing concern.

Identify Direct Material, Indirect material, Direct Labor, indirect Labor cost for your business.

Prepare inventory costing sheet.

Calculate per unit cost.

Calculate Break even in units & amount and also calculate units required for a certain target profit.

Differentiate job order costing, variable costing, absorption costing, and activity-based costing. Explain the advantages and limitations of each method.

PrepareIncome Statements based on variable costing, absorption costing, and ABC costing.

Assume units sold are equal to units manufactured, units sold units manufactured. prepare income statement under variable and absorption costing.

Prepare the Master Budget for the next year.

Interpret your findings.