The assignment:

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.:

• Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or combination of both. Be specific as to costs.
• You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.
• How many items of your product will you need to produce to meet this sale price? How did you calculate this?
• Determine which of the costing systems discussed in this class will work best for your company. Explain why.
• Explain why those not chosen were not a good fit for your company.
• You must explain "why not chosen" for a minimum of 3 costing methods.
• Discuss the ethical considerations of costing methods.

I have started the inputs, but do not understand the rest of what the instructor is asking for:

The T-3, my company, creates custom- made tables.I will be the woodman along with my four assistants.Labor costs for the month are $10,000.00 for my three assistants.I also pay $600 for my studio for rent, $200 for utilities, and between $300 and $800 per table in materials.I will be selling tables for between $1100 and $2200 for most tables.I will need to sell 20 tables a month in order to make a wage for myself, pay for labor, materials, rent and utilities.If I sold the tables for $1100 x 20= $22,000.$22,000-10,000 (labor)- 600 (rent)-200(utilities)-8000(materials)= $3200 left over for my salary.