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1.What is (are) the equipment(s) needed in order to start the operation (make sure to include prices of the equipment(s)? 2.What types of products will be sold? 3How many process systems will it take to make these items? 4 What type of management (centralized or decentralized)? 5.How much will your products sell for? 6 How are you going to set your Selling Price? (Market/Cost?) 7.How much will each factory worker be paid? (Provide a general annual wages). 8 How many hours per day will you open and how many days per week? 9.List and express in dollars your factory estimated variable, fixed and mixedcosts when applicable. 10Prepare at least three different budgets and show where the numbers come from: a.Flexible division budget; b. Zero-based budget; c. Sales budget d. Production budget; e. DM budget; f. COGS budget; g. Cash payment budget 11.What is included in administration and selling expenses? 12.Calculate the Break Even Point in Unit and in Dollar. 13.Determine the company’s Rate of Return. 14.Prepare a budgeted income statement or a simple income statement. 15.Provide a Works Cited page for your three sources.