This is a task for a group of 4 to 5 students. It is a self-selection process, where students select their own group members. Once formed, the members of thegroup must assume responsibility for management of the group.Group AssignmentUsing a case study of D.T. Hicks & Co (as attached): 1.Discuss the importance of accurate and relevant costs information in managerial decision making2.Criticallyreview costing methods as discussed in the case study.