Select any Business Small to medium size or any small to mid-size company/firm (of your own, someone in family, acquaintances or in neighbourhood). Collect the following information and data in respect of the same Nature of Business Product/Services being provided, no of years in existence, geographical presence SWOT/TOWS Analysis Cost Objects, Cost unit and major cost drivers for the business How are the costs collected and recorded? Is a formal cost control system in place for the business? What are the steps taken for managing costs? Any suggestions that you might want to make to the business for better cost control and management Prepare a unit cost statement - (data used could be dummy data) based on the inputs received from the business - the classification could be functional (Prime cost, factory cost, administrative overheads etc) or based on cost behaviour (fixed, variable, semi variable etc) Present a report presenting all the above information of not more than 8 pages and not less than 4 pages. You are required to strictly adhere to the page limit prescribed above) The identity of the business could be masked and the data used could also be dummy. If you are disclosing the name of the business as well as using the actual data provided by the business in your report. A formal permission of the business owner/company should be taken. Marking Grid Sub-topic Maximum Marks that could be awarded Introduction-Nature of Business etc 2 Marks SWOT/TOWS Analysis Information about Cost object, units, drivers Information on Cost collection, control systems, 4 Marks Cost management strategies, your suggestions etc Unit Cost Statement Analysis 5 Marks Total 2 Marks 2 Marks 15 Marks Evaluation will be based on following points: Details captured in respect of the points mentioned above. Precision in writing the report Unit Cost statement analysis - Assumptions made in preparation and justification for them, thoroughness and detailed analysis would be rated highly. Select any Business Small to medium size or any small to mid-size company/firm (of your own, someone in family, acquaintances or in neighbourhood). Collect the following information and data in respect of the same Nature of Business Product/Services being provided, no of years in existence, geographical presence SWOT/TOWS Analysis Cost Objects, Cost unit and major cost drivers for the business How are the costs collected and recorded? Is a formal cost control system in place for the business? What are the steps taken for managing costs? Any suggestions that you might want to make to the business for better cost control and management Prepare a unit cost statement - (data used could be dummy data) based on the inputs received from the business - the classification could be functional (Prime cost, factory cost, administrative overheads etc) or based on cost behaviour (fixed, variable, semi variable etc) Present a report presenting all the above information of not more than 8 pages and not less than 4 pages. You are required to strictly adhere to the page limit prescribed above) The identity of the business could be masked and the data used could also be dummy. If you are disclosing the name of the business as well as using the actual data provided by the business in your report. A formal permission of the business owner/company should be taken. Marking Grid Sub-topic Maximum Marks that could be awarded Introduction-Nature of Business etc 2 Marks SWOT/TOWS Analysis Information about Cost object, units, drivers Information on Cost collection, control systems, 4 Marks Cost management strategies, your suggestions etc Unit Cost Statement Analysis 5 Marks Total 2 Marks 2 Marks 15 Marks Evaluation will be based on following points: Details captured in respect of the points mentioned above. Precision in writing the report Unit Cost statement analysis - Assumptions made in preparation and justification for them, thoroughness and detailed analysis would be rated highly