Write my essay on HA2011 Managerial Accounting Trimester 3 2018 Group Assignment Assessment Value: 30% Instructions:…

HA2011 Managerial AccountingTrimester 3 2018Group AssignmentAssessment Value: 30%Instructions:1. This assignment is to be completed by a group of 2 – 4 students.2. Students must report the names and student IDs for all group members to thelecturer of their class by e-mail before the end of week 8.3. This assignment is to be submitted in accordance with assessment policy stated inthe Subject Outline and Student Handbook.4. It is the responsibility of the group who is submitting the work, to ensure that thework is in fact their own work. Incorporating another’s work or ideas into one’s ownwork without appropriate acknowledgement is an academic offence. Studentsshould submit all assignments for plagiarism checking on Blackboard before finalsubmission in the subject. For further details, please refer to the Subject Outlineand Student Handbook.5. Maximum marks available: 20 marks.6. The word limit for the assignment is 3,000 words. Please use “word count” andinclude in report.7. Due date of submission: Week 10, Sunday at 23:59 p.m.2Background:You were recently employed as a management trainee in a manufacturing firm. TheFinance Director of your company had recently attended a seminar on standardcosting and would like to a taskforce was formed to explore the possibility ofimplementing standard costing in the company. You were assigned to the taskforcedue to your accounting background.Required:Your group is required to prepare a report to comment on the suitability of standardcosting for a manufacturing company of your group’s choice (your company). Thereport should cover the followings:a) A description of your companyb) A description of the standard costing and its featuresc) In what ways standard costing can facilitate planning and control activities inyour companyd) A discussion on whether the standard costing is suitable to your company