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    Jinlia Sakalam
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    This document provides instructions for a graded activity on cost analysis and cost management. Students are asked to: 1) Explain the importance of cost analysis and how it helps with decision-making and problem solving, 2) Define cost analysis and cost management, 3) Explain the components of cost management including cost control, estimation, resource planning and budgeting, and 4) Perform a cost analysis on two business options and justify which provides the better opportunity based on goals, projected revenue, costs and other factors.

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    This document provides instructions for a graded activity on cost analysis and cost management. Students are asked to: 1) Explain the importance of cost analysis and how it helps with decision-making and problem solving, 2) Define cost analysis and cost management, 3) Explain the components of cost management including cost control, estimation, resource planning and budgeting, and 4) Perform a cost analysis on two business options and justify which provides the better opportunity based on goals, projected revenue, costs and other factors.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views3 pages

    Act 4

    Uploaded by

    Jinlia Sakalam
    This document provides instructions for a graded activity on cost analysis and cost management. Students are asked to: 1) Explain the importance of cost analysis and how it helps with decision-making and problem solving, 2) Define cost analysis and cost management, 3) Explain the components of cost management including cost control, estimation, resource planning and budgeting, and 4) Perform a cost analysis on two business options and justify which provides the better opportunity based on goals, projected revenue, costs and other factors.

    Copyright:

    © All Rights Reserved
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    of 3

    GRADED ACTIVITY NO.

    4
    Final Period
    Topic: Cost Analysis and Cost Management

    This is 100 points graded activity. Do the following:


    1. Explain in your own words the following importance of cost analysis (10 pts.)
    a. Helps in decision-making
    b. Solve problems
    2. Briefly explain the following: (10 pts.)
    a. Cost analysis
    b. Cost management
    3. Explain the following components of cost management. (20 pts.)
    a. Cost control
    b. Cost estimation
    c. Resource planning
    d. Coat budgeting
    4. Perform cost analysis and choose the better business project. Justify your
    answer by giving brief explanation. (60 pts.)

    You are planning to start up a business project, here are your options:

    OPTION 1 – Cake and Pastry Business


     Goal – to earn Php 500,000 (for 1 year)
     Projected revenue - Php 1,500,000 (for 1 year)
     Direct cost – 200,000
     Indirect cost - 150,000
     Real cost - 270,000
     Tangible cost - 80,000
     Intangible cost - 180,000

    OPTION 2 – Clothing and Apparel Business


     Goal – to earn Php 800,000 (for 1 year)
     Projected revenue - Php 2,500,000 (for 1 year)
     Direct cost – 400,000
     Indirect cost - 350,000
     Real cost - 550,000
     Tangible cost - 100,000
     Intangible cost - 280,000

    ANSWERS:

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