Describe the ‘Challenge of Management Accounting Change’ in light of recent research findings and discuss‚ how can this change help an organisation‚ in getting its strategic‚ tactical and operating objectives? Management accounting change and the continuously changing roles of management accountants have dominated accounting literature for the past few decades and the theme of management accounting change procedures has been
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CHAPTER 12 MULTIPLE CHOICE 12-1: d. This is recorded when the working fund is replenished. 12-2: c. Sales P 700‚000 Cost of goods sold: Purchases P800‚000 Merchandise inventory‚ end 180‚000 620‚000 Gross profit P 80‚000 Expenses 198‚000 Net income (loss) P (118‚000) 12-3: b Sales P 70‚000 Cost of goods sold (P70‚000 / 140%) 50‚000 Gross profit P 20‚000 Less: Samples (P8‚000 – P6‚000) P
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Management Accounting ACC107 Individual Assignment Asma Moosa 30624 Diploma In Business Sem 4 c) Overhead absorption rate= OAR/ ORR Smoothing= 12663.5/10000 = $1.27 Shaping = 31362.5/25000 = $ 1.25 Fixing = 20471.75/5000 = $ 4.09 Question 2 a)Total Selling Overheads Variable selling overhead= 6000*18.75 =112500 Fixed selling overhead = 100000 Total selling overhead = 100000+112500= 212500 b) i) Marginal Costing Revenue (200*10000) 2000000 Opening Inventory(84*2000) 168000 COST OF PRODUCTION
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Chapter 5 Partial Solutions Answers to Premiere Products Exercises PP 5-1 1. PartNum ( Description‚ OnHand‚ Class‚ Warehouse‚ Price OrderNum ( OrderDate‚ CustomerNum CustomerNum ( CustomerName‚ RepNum RepNum ( FirstName‚ LastName PartNum‚ OrderNum ( NumOrdered‚ QuotedPrice Part (PartNum‚ Description‚ OnHand‚ Class‚ Warehouse‚ Price) Orders (OrderNum‚ OrderDate‚ CustomerNum) Customer (CustomerNum‚ CustomerName‚ RepNum) Rep (RepNum‚ FirstName‚ LastName) PartOrders
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Acquisition of legal subsidiary in bankruptcy According to the fact of this case‚ Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary‚ and both of them all nonpublic companies. However‚ in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then‚ Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the
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An aging of a company’s accounts receivable indicates that $4‚500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1‚200 credit balance‚ the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $3‚300. debit to Bad Debt Expense for $4‚500. credit to Allowance for Doubtful Accounts for $4‚500. debit to Bad Debt Expense for $3‚300. The financial statements of the Melton Manufacturing Company reports net sales
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AF431 ADVANCED MANAGEMENT ACCOUNTING ASSIGNMENT 4 CASE STUDY G TEMPEST‚ INC (The Balance Scorecard) Reshika Chandra Q1. How does the ‘balance scorecard’ approach described in Exhibit G. 1 differ from a more traditional discounted cash flow method of evaluating capital proposals? Which approach is better suited to Tempest’s situation? Why? Traditional performance measurement has developed from a financial perspective view and has a control behavior whereas balanced scorecard (BSC)
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Management Accounting Absorption vs Marginal Costing Report 20813287 Absorption vs. Marginal Costing (Atmospheric Ltd) Contents Page No Memorandum 3 Marginal (Variable) Costing 4 Absorption
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Answer Key for Test Your Skills 1. Tutti’s Sandwich Shop has the following information regarding costs at various levels of monthly sales. Help Tutti separate her costs into fixed costs and variable costs so that she can predict and evaluate costs at varying levels of guests served. January February March Monthly Sales in Guests Served 10‚000 16‚000 20‚000 Cost of Sales (Food Cost ) 10‚500 16‚800 21‚000 Salaries‚ Wages‚ and Benefits 15‚000 15‚600 16‚000 Telephone 12‚750 16‚350 18‚750 Rent on
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the customer relationship. Answer Selected Answer: CRM 2. Which type of system would you use to change a production schedule if a key supplier was late in delivering goods? Answer Selected Answer: TPS 3. ESSs are designed to serve the middle management of the organization. Answer Selected Answer: False 4. Supply chain management systems are more externally oriented than enterprise systems. Answer Selected Answer: True 5. ESSs are designed
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