Cost Accounting: ACCT351

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.

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.