My "Product" is supposed to be Salsa.Choose an item that you would like to manufacture
My "Product" is supposed to be Salsa.Choose an item that you would like to manufacture. You do not actually need to manufacture something, but will proceed through the assignment as if you were planning on manufacturing the item you have selected. The product should require materials and labor and be something that you are familiar with in process from start to finish. The product must be useful and marketable. You can choose something as simple as making chocolate chip cookies, a type of craft, or something more complicated. Consider production as if you were making the product from beginning to end, and not as if using a kit.Perform the following steps:Choose a product to manufacture and describe the manufacturing process. Forecast the variable cost per unit. Forecast 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 categorie...