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I was assigned to come up with a product and create a master budget for it covering a period of 3 different and consecutive years. The product I came up with is an Ant Killer. The raw materials consist of Plastic containers, labels, corn syrup and borax. All things must be accounted for in creating this product including direct labor and manufacturing overhead, selling expenses, administrative expenses, depreciation, etc. It should also include an income statement, balance sheet, journal entries, product cost, etc.
I have attached a detail and specific example on what the outcome of the project should consist of given by the instructor. All parts should appear similar and must be completed per the instructor. The example covers a period of 3 years as do this project as well. The last page on the example should be completed as well where the journal entries are located.
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The numbers can be made up but the selling price should be 3 times the value it took to create the product.
Net Income amounts
The 1st year should consist of a $200,000 loss
The 2nd year should consist of breaking even.
The 3rd year should be a $1,000,000 profit.

Product Code-Finance-AW-Q354

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