Cost Accounting

Develop a high end company and determine what it will produce and sell.  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:

  • 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 NOTE:   Devote at least 1 PARAGRAPH to the ETHICAL CONSIDERATIONS of costing methods.

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