cost accounting assignment u.docx - Cost Accounting Assignment Table of Content Question 1 and Question 2 \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026 Page 2

cost accounting assignment u.docx - Cost Accounting...

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Cost Accounting Assignment
Table of Content Question 1 and Question 2 ………………………………... Page 2 Question 3…………………………………………………………… Page 3 Question 4 and 5 ………………………………….………………Page 5 Question 6 and 7 …………………………………………….…. Page 6 Question 8 and 9 …………………………………………………Page 7 Bibliography ………………………………………………………..Page 8
Question 1 That product that’s going to our focus throughout the research of this report is Classic Chair. Classic chair is a luxury office chair that we our launching soon in the market to compete with market leaders of the chair industry. The primary reason for launching our product is to provide our customers with the best quality office chairs at an affordable price. Our chairs are made of foam, fiber, plastic and stainless steel and we have used the best quality materials to make sure that our chairs are best quality and super comfortable. Our Classic chairs have stylish and comfortable mesh back design which allows the air to flow through. Our chairs are perfect for workplace and anyone can sit and relax throughout the day. The seat measure 500 W * 500 D * 500 H and thickness is 51 mm. Comes with synchro tilt mechanism which allows the user to adjust the seat tilt, back tilt and chair tilt with a single lever and it takes hardly 10 minutes to assemble (Black, 2019). Question 2 The research and development process was mainly a trial and run process to ensure that our chairs are of perfect size, shape and weight. After much research, we have developed the designs of the product, used it and enhanced it so that the user feels comfortable in all aspects of using the chair. Research and Development Activity Activity 1: Deciding on the product 20 minutes Activity 2: The name of the product 20 minutes Activity 3: Suitable packaging for the product 1 hour Activity 4: Product features and characteristics 50 minutes Total time taken 2 hours and 30 minutes at $31.21 (Payscale.com, 2019) Total R and D Cost $78.025 Page 2
Question 3 Direct Material For one unit of my product I will use these raw materials Stainless Steel 1.05 per kg (Recyclingdepotadelaide.com.au, 2019) Foam 2 meter at 3 per USD = 4.29 AUD per meter (, 2019) Fabric 1 yard at $5.95 (Fabric et al., 2019)

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