Accounting Assignment on the manufacturing process.

Choose a type of production material (cookies, candy, something small) and perform the following steps to help prepare yourself for the show: Choose a product to manufacture and describe the manufacturing process. Prepare the following budgets for one quarter broken down monthly regarding your chosen item: estimated sales budget estimated direct materials budget estimated direct labor budget estimated manufacturing overhead budget estimated selling and administrative expenses estimated income statement Classify all manufacturing costs and selling and administrative expenses as either variable or fixed. Prepare a contribution margin income statement separating all variable and fixed costs into their own categories. Determine the break-even point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5,000 a month. Identify what types of trends you should be aware of in the industry and who the primary competitors are. Answer the following question: If you had to improve the bottom line, what would you do, and what concerns would you have going forward? Choose a piece of equipment that you might consider purchasing to increase production of your item and address the following questions: What types of capital budgeting factors would you look at when deciding whether to do this? What would be the relevant costs that you would consider in this decision?