Question: Hello, I need help with my individual project. I have to develop a company and determine what it will produce and sell. The requirement for
Hello,
I need help with my individual project. I have to develop a company and determine what it will produce and sell. The requirement for the company is that it be a high-end, special-order type of manufactured product.
I also have to include the following:
- Develop a list of inputs along with their associated costs, such as labor, materials, and overhead.
- I have to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.
- I need to include how many items of my product will be needed to produce to meet this sale price? How did you calculate this?
- I have to determine which of the costing systems discussed in this class will work best for your company and explain why.
- I have to explain why those not chosen were not a good fit for your company.
- I must explain "why not chosen" for a minimum of 3 costing methods.
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