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Choose a product and briefly discuss the product you want to make or manufacture. About half page of A4 size. Find out estimated cost of Making your product. Labour- using minimum wage Material Overhead (fixed cost and other overheads if necessary, but keep approach basic) Determine a reasonable selling price based on UK market _it is anticipated that this will produce revenue for the next 6-12 month. Usually the spread of variable cost is useful Sell your product at a particular price on a monthly basis for 6-12 months Determine profit and loss by calculating contributions.over 6 months to 12 month. Produce a 6 months to 12 months table of cash flow forecast showing all the inflow and outflow and various total for 6-12 months Show formula for your 6-12 months budget Prepare budgeted profit and loss account, income statement, balance sheet for period ending 6-12 months (not monthly)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91602905

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