Question

The final project is a written paper assignment that should be a minimum of 7 pages, plus supporting material, and preferably no more than 10 pages. Steps for Project are as follows: First of all, Differentiate the basic costing terms, and costing methods including job order costing, variable costing, absorption costing and activity based-costing. Start a new business for a manufacturing concem. Identify Direct Material, Indirect material, Direct Labor, indirect Labor cost for your business. Prepare inventory costing sheet. Calculate Breakeven in units and dollars. And also calculate units required for a certain target profit. Calculate cost of goods manufactured, cost of goods sold, and Income Statement under variable and absorption costing Calculate per unit cost under variable and absorption costing Further assume that you are manufacturing the products with distinct features and as per the customer requirements. So calculate the cost of goods manufactured by using job order costing