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Explain the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Suggest a way to overcome the identified challenge(s).

For this assignment, you will decide what type of budget to implement for a start-up company.

Write a four (4) page paper in which you:

  1. Summarize the type of manufacturing company you plan to start up and determine how you will design the value chain for your manufacturing company.
  2. Describe the type of budget you plan to implement in your company, and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast.
  3. Select at least four (4) specific benchmarks you will utilize in your company. Explain the benchmarks selected and their benefit(s) to your company.
  4. Explain the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Suggest a way to overcome the identified challenge(s).
  5. Integrate at least two (2) quality resources using in-text citations and a reference page in your assignment. Note: Wikipedia, Investopedia, and similar Websites do not qualify as quality resources.
  6. Format your assignment according to the following formatting requirements:
  • Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.  APA Format.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
  • Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

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