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:
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?
I am discussing about a hypothetical scenario of high-end manufacturing company, Nike. As per the assumed scenario, the company has received an order of manufacturing sports bags for a team of 12 international level athletes.
The fulfillment of this order would require certain inputs which are going to make up the
