For the project:

You will have to choose any product.

You are the managerial accountant and you will have to estimate its cost.

In so doing, try to give examples about the several costs incurred (manufacturing and nonmaufacturing) and use what you have learned in this course to be able to know the cost of your product.

For your chosen product you may want to address the following costs incurred (note that what you may want to provide is NOT LIMITED to the following list):

- direct materials

- direct labor

- Manufacturing overhead (variable and fixed)

- Nonmanufacturing costs

You will have to explain:

1. Which costing method you have chosen and why (and why not other approaches).

2. What are your major challenges in estimating the cost of your product.

3. How can you minimise your costs for the future.

I am not asking for a minimum or maximum number of words or pages, as long as your analysis is relevant to what I asked.

Kindly tell me the product you have chosen before proceeding with your work.

there are no details about the product. I have to pick any product ex: mobile phone - laptop - watch - chairs - tables ...