Analysis of Management Accounting- Doc
Added on 2021-05-30
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Running head: MANAGEMENT ACCOUNTINGManagement accountingUniversity NameStudent NameAuthors’ Note
2MANAGEMENT ACCOUNTINGTable of ContentsAnswer to Part A:.......................................................................................................................3Answer to Part B:.......................................................................................................................5Introduction:...............................................................................................................................5Discussion:.................................................................................................................................6Conclusion:................................................................................................................................7Answer to Part C:.......................................................................................................................8References list:.........................................................................................................................10
3MANAGEMENT ACCOUNTINGAnswer to Part A:Preparation of basic master budget:Manufacturing Overhead Budget:ParticularsAprilMay June Direct Labour Hour71680113160132480Indirect Labour Cost per DLH$28.98$28.98$28.98Total Indirect Labour Cost$20,77,286$32,79,377$38,39,270Power Cost per DLH$2.76$2.76$2.76Total Power Cost$1,97,837$3,12,322$3,65,645Variable Maintenance Cost per unit$37.78$37.78$37.78Variable Maintenance Cost$27,07,911$42,74,933$50,04,800Fixed Maintenance$1,56,93,667$1,56,93,667$1,56,93,667Total Maintenance Costs$1,84,01,578$1,99,68,600$2,06,98,467Other Variable Cost per unit$20.70$20.70$20.70Other Variable Cost$14,83,776$23,42,412$27,42,336Other Fixed Cost$69,00,000$69,00,000$69,00,000Other Manufacturing Costs$83,83,776$92,42,412$96,42,336Supervision$1,93,20,000$1,93,20,000$1,93,20,000Depreciation$17,25,000$17,25,000$17,25,000Rates & Utilities$14,25,500$14,25,500$14,25,500Budgeted Manufacturing Overhead$5,15,30,977$5,52,73,210$5,70,16,218Purchase Budget:ParticularsAprilMay June Budgeted Sales Volume345002760031050Budgeted Production Volume179202829033120
4MANAGEMENT ACCOUNTINGFuse required per unit 222Total Fuse Required358405658066240Add: Closing Inventory of Fuse3312037260496806896093840115920Less: Opening Inventory of Fuse414003312037260Budgeted Purchase Volume (in units)275606072078660Fuse Cost per unit$41.00$41.00$41.00Total Cost of Fuse$11,29,960$24,89,520$32,25,060Isolator required per unit 333Total Isolator Required537608487099360Add: Closing Inventory of Isolator496805589074520103440140760173880Less: Opening Inventory of Isolator621004968055890Budgeted Purchase Volume (in units)4134091080117990Isolator Cost per unit$55.00$55.00$55.00Total Cost of Isolator$29,56,800$46,67,850$54,64,800Budgeted Direct Material Purchase$40,86,760$71,57,370$86,89,860Direct Material Budget:ParticularsAprilMay June Total Fuse required for Production358405658066240Fuse Cost per unit$41.00$41.00$41.00Total Fuse Cost $14,69,440$23,19,780$27,15,840Total Isolator required for Production537608487099360Isolator Cost per unit$55.00$55.00$55.00Total Isolator Cost $29,56,800$46,67,850$54,64,800Budgeted Direct Material Cost$44,26,240$69,87,630$81,80,640ParticularsAprilMay June JulySales Volume in units34500276003105041400
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