Assignment title: Information
Conduct some research to explain the value of cost classifications for Mal Ltd. and how this may assist Mr and Mrs Long in improving their decision-making processes. Conduct some research into costing techniques that Mal Ltd. might find useful. Based on this research and using the detail in the case, choose a specific technique (or set of techniques) that you believe would be most suitable. Describe specifically how your chosen technique(s) could be used by providing tangible examples of how they would operate within Mal Ltd. It should be clear from these examples how Mal would determine a product cost for their products. Also, briefly describe why you consider your chosen technique(s) to be superior to other techniques