Key Assignment Description from Week 4: 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? 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. Assignment Guidelines: Add a section to your paper, outlining how you would implement capital budgeting in your company. Prepare an example of a decision that you would make using either the IRR or Payback method of analysis. Why would you use this for your business? I HAVE ATTACHED MY UNIT 4 INDIVIDUAL PROJECT THE ONLY NEW THINGS SHE IS ASKING IS WHAT IS UNDER THE ASSIGNMENT GUIDELINES I THINK!!!!

Non-exchange revenues can be of four types.The GASB has identified four classes of nonexchange revenues:• Derived tax • Imposed • Government mandated • Voluntary For each of the following revenue transactions affecting a city, identify the class in which the revenue falls and prepare an appropriate fund journal entry for the current year (2015) as necessary. Provide a brief explanation of, or justification for, your entry.1. In December, the state in which the city is located announced that it would grant the city $20 million to bring certain public facilities into compliance with the state’s recently enacted disability/accessibility laws. As of year-end the city had not yet received the funds, and it had not yet expended any funds on the state-mandated facility improvements. 2. The city imposes a $100 tax on each sale of real estate. The tax is collected by the title companies that process the sales and must be forwarded to the city within 30 days of the transaction. In December there were 600 sales of real estate. As of year-end the city had collected $40,000 of the $60,000 that it was owed. 3. In December the state announced that the city’s share of state assistance for the calendar year 2016 would be $120 million. 4. The city imposes a tax on all boats owned by residents. The tax is equal to 1 percent of the assessed value of a boat (determined by the city, taking into account the boat’s original cost and age). The tax is payable on the last day of the year prior to the year for which the tax is applicable. In 2015 the city levied $640,000 of 2016 boat taxes, of which it collected $450,000. 5. A local resident sends to the city a copy of her will in which she bequeaths $3 million to the city museum upon her death. 6. The U.S. Department of Justice announces that it will reimburse the city up to $400,000 for the purchase of telecommunications equipment. As of year-end the city had incurred only $200,000 in allowable expenditures. 7. A resident donates $10 million in securities to the city to support a cultural center. Only the income from the securities, not the principal, can be spent.