The costing system plays an important role in every organization within the decision making process. Without good cost information, a business will be severely handicapped. Hence, knowing and understanding the costs of your products or services represent a decisive factor in achieving business success. Required: Select an organization with which you are familiar. Using your own words as much as possible, and in not more than 1,500 words. (a) Provide a brief description of the organisation - background, the organizational structure, the nature of business, the industry and the environment it is operating in, its products/services, etc. (5 marks) (b) Describe the costing system adopted and how it is used to provide vital cost information for the management. (15 marks) (c) Does the costing system meet the needs of the organization? Discuss. (10 marks)