ASSESSMENT TASKS Task 1: (LO 1, 2, 3) (50 marks) You have been recently appointed as the Cost Department Manager BCars Co, an automotive manufacturing company that manufactures, retails, and markets its hybrid electric vehicle to the public, their main customers are across GCC countries. Currently, the company doesn't have a robust cost accounting system in place. Mr. Rashed, the Managing Director, asked you to prepare a comprehensive report explaining your upcoming strategy for implement a robust internal cost accounting system. You have good knowledge of cost accounting, but your previous experience was related a different type of industry other than automotive. To prepare the required report, you decided to go for intensive research to explore the existing cost accounting techniques/ systems that are implemented in the automotive manufacturing industry to gain more insights. REQUIREMENT: a. Prepare a report discussing the various cost accounting systems in relation to automotive manufacturing with examples, then recommend the most suitable one to BCars Co with proper justifications. (30 marks) b. Discuss the steps of implementing a robust cost accounting system with reference to the benefits of creating a robust cost accounting system for BCars. Co. (20 marks)