| Subject Code : | ACC2CAD |
|---|
Assignment Task:
Task:
GRADUATE CAPABILITIES ASSESSED
• 2.1 INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry: The ability to identify, analyse, and interpret data and information in various forms to draw connections across fields of knowledge.
• 2.2 INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving: The ability to identify, analyse, and interpret data and information in various forms to draw connections across fields of knowledge.
RATIONALE
In this subject, you will develop your understanding of the elements of cost and management accounting, which provides organisations with relevant cost-related information to assist with their planning, controlling and decision-making. You will undertake the process of identifying, determining, classifying and allocating costs to a product. This assessment task gives you the opportunity to demonstrate and apply your understanding of product design and costing in a practical manner.
TASK
You are required to select a product (not a service) of your choice. It might be an existing product with your take on it (i.e. you determine its design, colour and name) or a new product that does not exist in the market. Please note that it does not need to be a complicated product, you can select a simple product.
You need to undertake research and development (R&D) to determine the design, characteristics and functions of your product and calculate its upstream cost and provide an explanation as to why you selected the product. Then, by undertaking market research you need to determine your product's production and downstream costs for 100,000 units manufactured for the month. Finally, you need to determine the price of your product and how it will be marketed and distributed to consumers.
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