Problem 1: 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.
Problem 2: 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 do a combination of both. Be specific as to costs.
Problem 3: You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.
Problem 4: How many items of your product will you need to produce to meet this sale price? How did you calculate this?