finally one person should report to the rest of the class on the problems of explain 644132
Divide your group into two teams. One team is the business advisory service of the local enterprise council which offers start up funding for new ventures. The other team is a group of textile science researchers from the local university. The scientists have developed a new form of medical dressing for burns. The dressing is produced by a continuous flow process and can be cut to lengths specified by the customer. The main customers are hospitals. The health trusts which operate the hospitals will pay a price based on cost plus a percentage for profit. The scientists do not know how to work out the cost in a continuous flow process. For five minutes the team acting as the business advisers should prepare a short list of key rules in process costing. At the same time, the team acting as the scientists should prepare a list of key questions to ask about process costing. Both teams should then meet and discuss their prepared lists and questions (10 minutes). Finally, one person should report to the rest of the class on the problems of explaining and understanding process costing.