Homework
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. Complete the following in a Word document of 1,000 words:
1) 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.
2) You are to determine the selling price. Show your calculations, and discuss why you have determined this to be a good sale price.
3) How many items of your product will you need to produce to meet this sale price? How did you calculate this?
4) Determine which of the costing systems discussed in this class will work best for your company. Explain why.
a) Explain why those not chosen were not a good fit for your company.
b) You must explain "why not chosen" for a minimum of 3 costing methods.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.