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INSTRUCTIONS: REQUIREMENT: PART A: [5 MARKS] a) Make a group with your class mates as instructed. b) You are required to create a scenario of
INSTRUCTIONS: REQUIREMENT: PART A: [5 MARKS] a) Make a group with your class mates as instructed. b) You are required to create a scenario of a manufacturing company of your choice. Explain the nature of the company and various cost related to its production. Classify all the elements in direct and indirect category along with the number of employees or labors for production and other departments. c) Show the breakup of all the expenses under each category (maximum of 5 and minimum of 3) d) Mention the opening and closing of (Raw material, semi-finished goods and finished goods. REQUIREMENT - PART B [5 MARKS] a) Prepare a cost sheet using the information from part A and calculate the profit
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