GROUP ASSIGNMENT MANAGERIAL ACCOUNTING (PAS1373)

SEMESTER NOVEMBER 2020

Instructions:

1) A group should consist of 4 members.

2) Choose a product - Give a name to your product

3) Prepare a monthly cost statement of the product to estimate the total cost for a month. - You have to estimate how many unit you want to produce in a month and how much the costs will incur for production, administrative and selling & distribution purpose. (20 marks)

4) The following costs should incur to produce the product: i. Direct costs = Direct material, direct labour and direct expenses ii. Indirect cost = Indirect material, indirect labour and indirect expenses iii. Other costs based on function = Administrative costs, selling and distribution costs, marketing costs etc. iv. Variable costs/fixed costs

*Provide explanation of each type of costs incurred.

(20 marks)

5) Calculate the total cost per unit

(5 marks)

6) Set a selling price per unit of the product (indicate the percentage of profit margin).

(5 marks)

7) Submission Week:Week 13 . Mark of 10% will be deducted for late submission.