Mini Project ~ Servicing Sector and Cost Accounting - Economics Assignment Help

Assignment Task:

Task:

Instructions ~
Consider the attached file on “costing of servicing sector” ~ for mini-project assignment. Please be specific as possible when referring to Business-Economics variables related to your industry/sector {manufacturing sector or servicing sector}. Maximum length 2,000 words plus tables, figures and exhibits.

Case-study: COSTING OF SERVICE SECTOR
- Explain the similarities with reference to “relevant revenues” and “relevant costs” for the two sectors of the economy ~

1. Manufacturing sector (~ as discussed in class)
2. Servicing sector (~ provided by the case-study)
- How different are the two sectors in terms of cost accounting? Explain.
- Could the concepts on ‘cost accounting’ be applied to the servicing sectors like media, advertising, hotel management, banking sector, IT services and other servicing industries?
- What are the main costing methods used in servicing sector?
- Provide an overview of your company/work requirements.
- If you work in servicing sector ~ identify and classify which service costing method would be applicable to your company profile and the associated measurement of unit-costs. How would you classify the sunk costs and opportunity costs with respect to your sector?
- If your work in manufacturing sector ~ identify the relevant revenues and costs as well as other related concepts like unit costs, sunk costs & opportunity costs that are relevant to your sector.
- How would you price the product with respect to servicing sector or manufacturing sector, respectively?

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