Tutorial 7: Cost Table for Project

Above is the picture of the cost table for our project on the kinetic powered bicycle. My team has made use of the cost table for cost tabulation. Through this table, we manage to come out the selling price of the kinetic powered bicycle.
I learnt that it is important to do a cost evaluation in every project to ensure that the amount spent is within the budget. Overspending the budget would cause severe consequences as the company might not have enough funds to cover the costs. From this cost table, we are able to decide and plan how much to sell our product in order to make profits. Thus, I feel that this table is very important in managing and tracking our costs.