Cost Accounting, homework help

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Cost Accounting, homework help

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; APA Format.

  • 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. 
  • 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. 
  • Please devote at least 1 paragraph to the ethical considerations of costing methods. 

Separately:

  • Add a section to your paper, outlining how you would implement capital budgeting in your company. 
  • Prepare an example of a decision that you would make using either the IRR or Payback method of analysis. Why would you use this for your business?