Question:Myer should use for product costing, cost tracing and cost allocation. You should clearly justify your recommendations, as well as locate them within the company’s flow of costs developed in section 1.
● product costing,
● cost tracing,
● cost allocation,
Labour - trading hours Floor space– electricity Cost of a shop space
3. Product Costing
● Develop an example of how your costing system recommendations could be used to cost products for Myer
● Choose one (1) of the products (or product lines) : men’s business shirt, offered by Myer and estimate the cost of this product/service using data from its most recent annual report and/or other publicly available data.
● Explain how the company Value Chain model applies to men’s clothing, and how you derived all the direct and indirect product costs values.