MAF151 Fundamental Cost Accounting Group Assignment 2026 | UiTM

MAF151 Group Assignment 2026

Course Code: MAF151

Course Name: Fundamental Cost Accounting

Programme: Diploma / Bachelor (Related Programmes)

Semester: 1

Academic Year: 2026

1. Assignment Title

Group Assignment: Understanding Cost Accounting in a Simple Business

2. Purpose of This Assignment

This assignment is given to help you understand cost accounting in a practical way. In lectures, you learn about costs, formulas, and methods.
Here, you will use those ideas in a simple business situation. The focus is not on difficult theory. It is about knowing how costs are identified, calculated, and used in decision making.

3. What You Should Learn

After completing this assignment, students should be able to:

• Understand basic cost accounting terms
• Identify different types of costs
• Calculate simple costs correctly
• Prepare basic cost statements
• Work well in a group

4. Group Work Rules

• Form groups of 4 to 5 students
• All members must contribute to the assignment
• Each member should understand the full work submitted

5. Assignment Tasks

Choose one small manufacturing or service business.
You may use a real business or create a simple imaginary one.

Task 1: Business Background

• Briefly describe the business
• State what the business produces or provides

Task 2: Cost Classification

• Identify fixed costs and variable costs
• Identify direct costs and indirect costs
• Give simple examples for each cost

Task 3: Cost Calculation

• Prepare a simple cost statement
• Calculate total cost and unit cost
• Show all workings clearly

Task 4: Cost Behaviour Explanation

• Explain how costs change with activity level
• Explain why understanding cost behaviour is important

Task 5: Conclusion

• State what your group learned from this assignment
• Briefly explain how group work helped the task

6. Report Format

• Length: 2,000 – 2,500 words (excluding appendices)
• Font: Times New Roman or Arial
• Font size: 12
• Line spacing: 1.5

7. Appendices

• Cost calculations
• Tables or simple schedules used

8. Submission Instructions

• One submission per group only
• Submit through UiTM online platform (UFUTURE / i-Learn)
• Late submission may result in mark deduction

9. Assessment Method

The assignment will be assessed based on:

• Correct identification of costs
• Accuracy of calculations
• Understanding of cost accounting concepts
• Clarity of explanation
• Group participation

10. Academic Integrity

This assignment must be your own work.
Copying from other students or online sources is not allowed.

Any form of academic misconduct will be handled according to UiTM regulations.

End of Group Assignment
MAF151 – Fundamental Cost Accounting (2026)

Hire a Professional Essay & Assignment Writer for completing your Academic Assessments

Flexible Rates Compatible With Everyone’s Budget

Order Now