In this ANU immersion session, students will take part in a fun and interactive business game that uses basic cost accounting concepts to demonstrate the decision processes behind selling products for the maximisation of profit. Using lego blocks as raw materials, students work in teams to achieve the highest profit per team member to win the title of Lego Profit Champions.
In this workshop, students learn:
How to apply basic cost accounting concepts.
Planning and budgeting processes that take place before production providing an insight into the nuances behind production planning.
Allocation of scarce resources and pricing strategies.