Question: 1 Mini Project topic: Introduction to Management Accounting. You are the person in charge of the management accounting department of a manufacturing company. You are required to mentor your junior of the r staff on the essentials of the management accounting in the following areas: (Note: you may need to create an illustration to elaborate the following matters). (A) Explain how to cost can be classified by their behaviour‚ with particular reference to the effects both on total and
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Management accounting provides necessary information to assist management in decision making and management control. The chartered institute of management accountants (2001) describe Management accounting as :-the application of professional information in such a way as to assist the management in the formation of policies and in the planning and control of the operations of the organization. Management accounting has been considered as an integral part of the management knowledge in accounting and
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their families and contribute socially and economically in their communities. In the words of Bill Gates‚ “Red is about saving lives…if there’s not enough money to buy drugs‚ people die and so we can take all the avenues available to us.” In this case‚ the avenue being selling Red products to raise money for the aforementioned fund. The proponents of Product Red believed that consumers wanted to associate themselves with saving lives hence these products would sell successfully in the quest to raising
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College Business School‚ London 18th December 2014 Group Assignment Management Accounting Submitted to: Professor Jeremy Fernando Submitted by: Group E‚ Stream 2 Alaine Sung | Hadrien Jacomino | Mokhtar Ibrahim | Nikhil Gangwani | Ronami Ogulu | Yana Kim Q1 What‚ if anything‚ should John Powell do about Frank Duffy’s reluctance to use KEA-priced linerboard manufactured by a Del Norte Paper Company mill in the United States? Answer 1: Transfer pricing: is the setting of
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Explain the following: (a) Financial accounting Is concerned with the provision of information to external parties outside the organization and also concerned with the classification and recording of financial transaction in monetary terms in accordance with the established concepts‚ principles‚ accounting standards and legal requirements and presents the effects of the transactions on the performance and financial position of the business. (b) Cost accounting Is concerned with the ascertainment
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Business BTEC HND in Management/Marketing/Information Technology Management Accounting Mary Jay Angela Tinimbang Mrs. Rosalinda A. Caoili February 15‚ 2013 1st Year Business Management Section A Academic Year 2013-2014 Contents Case 1 3 Classify the different types of costs (1.1) 4 Case 2 6 Use different costing methods (1.2) 7 Case 3 8 Calculate costs using appropriate techniques (1.3) 9 Case 4 12 Analyse cost data using appropriate techniques. (1.4) 13 Case 5 14 Prepare
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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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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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201 - Marketing Management. 1. Marketing Concepts – Marketing Concept‚ Marketing Process‚ Marketing Mix‚ Customer value‚ Customer Satisfaction and delight‚ Functions of Marketing 2. Marketing Planning- Analysis of Marketing opportunity‚ Product Market Selection‚ Process of Marketing Planning and Contents of Marketing Plan 3. Sales Forecasting Concept and methods‚ Introduction to Marketing Research-Process- Scope‚ Obstacles in acceptance. 4. Consumer Behaviour- Factors influencing consumer
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overcoat. Discussion Costing method & purpose of variance analysis Merinos Ltd. uses absoprtion costing to cost their overcoats‚ which means that all of the manufacturing costs are absorbed by the units produced. In the case of ‘Belma’ overcoat this means that cost of a finished overcoat will include direct materials (e.g. leather)‚ direct labour (e.g. skilled labour)‚ and both variable and fixed manufacturing costs (e.g. rent). Non-manufacturing costs are considered as
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