In this course, we have focused on developing your understanding of the elements ofmanagement accounting, which provides organisations with relevant cost-related informationto assist with their planning, controlling and decision-making. You will examine the processof identifying, determining, classifying, analysing and allocating costs to products and services.This assignment gives you the opportunity to demonstrate and apply your understanding ofproduct design and costing in a practical manner.

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BUACC 5933 COST AND MANAGEMENT ACCOUNTING Semester 1, 2022 GROUP ASSIGNMENT This assignment is worth 30% of your total mark. th Submission is due at 11:50 PM on 29 May 2022. In this course, we have focused on developing your understanding of the elements of management accounting, which provides organisations with relevant cost-related information to assist with their planning, controlling and decision-making. You will examine the process of identifying, determining, classifying, analysing and allocating costs to products and services. This assignment gives you the opportunity to demonstrate and apply your understanding of product design and costing in a practical manner. We have acknowledged that the global business environment has been more competitive than ever before, especially in the rapid advancement of information technology and the unprecedented level of globalisation and financial market integration. To survive and prosper in such rapidly changing world, businesses must keep up the capacity to innovate products and services, and to manage resources effectively and efficiently This assignment requires your group (up to 3 members) to develop and design a product (not service) of your choice. It might be an existing product that your take on with necessary improvement OR a new product that does not exist in the market. You need to undertake R&D activities to determine the design, characteristics and functions of your product, calculate the related upstream and downstream costs, and provide an explanation as to why you want to produce this product. Then, you need to identify and determine your product\'s production and downstream costs for a specific number of units manufactured. You also need to determine the price of your product and how it will be marketed. Finally, a presentation is required to provide information about your product and how your product can attract potential customers to make profit. Please...

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