ACT3131 – SEM II 2018/19

GROUP ASSIGNMENT

INSTRUCTION
For this assignment, students are required as a group (4 students per group) to
(i) identify a manufacturing firm (can be a company or SME) that uses job order
costing or process costing.
(ii) interview the owner / manager / accountant about the cost accumulation (job
order or process or department), cost measurement (actual, normal costing or
standard costing), cost assignment and the documents the business uses to
accumulate product / service costs.
(iii) apply the knowledge learnt on cost classification and costing system in this
course to the organization.
(iv) write a report that summarizes the information that you have obtained from
the interview.

The report should include the following:

(a) The name and position of individual(s) you interviewed
(b) The name of the business, products / services and the type of operations
performed and industry in general.
(c) A description of the process of starting and completing a job / product

(d) A description of the costing system of the firm including the cost
accumulation, cost measurement and cost assignment (tracing and
allocation) method used
(e) Suggestions to improve the costing system and justification.

To complete this assignment, students are strongly encouraged to provide additional

evidence of readings and research findings for this assignment.

1
Assessments:
Marks are allocated based on the followings:

1. Background of the business 5%

2. Clear discussion of the production / service 20%
process and costing system used in the
business
3. Suggestions and justifications for 10%
improvement
4. Conclusion 5%
5. Quality of interview questions (include as 5%
appendix)
6. Use of various materials for references and 5%
cite correctly in the report
Total 50% Marks will then be converted
to 10%

Marks also will be deducted for the following mistakes:

(i) Grammatical/spelling/other errors – maximum 3 marks
(ii) Late submission – 1 mark for each day
(iii) Excessive number of pages – 1 mark for each page

Format of written report:

 Font size: 12, 1.5 spacing
 Font types: Times New Roman
 Number of pages: Minimum 8, maximum 10 pages. Please insert page
numbers at the bottom-middle of each page.