[ad_1]
Describe a product that you will like to manufacture. Provide an overview about the proposed business including its competitors, the industry in which it will operate and target customers. Read and summarize a recent article about the industry or economic conditions in the country or economic forecasts. Discuss how the subject matter of the article may affect the business with respect to making the product Costs
1. What will you need to make the product? Will the production be labor intensive or capital intensive? What strategy will you adopt – being a low-cost producer, product differentiation or others?
2. Describe and estimate the costs that the company will incur in its first month and year of operations
3. Classify the costs as either product costs or period costs. For product costs, state whether the cost is a direct materials cost, direct labor cost or manufacturing overhead. Further breakdown the period costs into selling cost and administrative cost. Also, indicate whether the cost is a fixed cost, variable cost or a mixed cost
The post . Describe and estimate the costs that the company will incur in its first month and year of operations appeared first on Scholar Writers.
[ad_2]
Source link
"96% of our customers have reported a 90% and above score. You might want to place an order with us."
