Can you develop a company and determine what it will produce and sell? The requirement for this
Question:
Can you develop a company and determine what it will produce and sell? The requirement for this company is that it be a high-end, special-order type of manufactured product.
Can you develop a list of inputs along with their associated costs, such as labor, materials, and overhead for your company and be specific as to costs?
What will the selling price be for your company ? Can you show the calculations, and discuss why this is the best sale price?
How many items of the product will you need to produce to meet this sale price? How did you calculate this?
Can you determine which of the costing systems will work best for your company and why?
Can you explain why the other costing systems were not a good fit for your company?
What is the ethical considerations of costing method that you have chosen for your company ?
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland