ACC00146 Management Accounting Assignment On Cost Statements

Added on -2020-02-18

| ACC00146| 20 pages| 4080 words| 38 views

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Running head: COSTCostName of the Student:Name of the University:Authors Note:
COST1Table of ContentsAnswer to Question 1......................................................................................................................2a........................................................................................................................................................2b.......................................................................................................................................................3C.......................................................................................................................................................4d.......................................................................................................................................................7e........................................................................................................................................................8f........................................................................................................................................................9g.....................................................................................................................................................10h.....................................................................................................................................................10i......................................................................................................................................................11Answer to Question 2....................................................................................................................13Introduction....................................................................................................................................13Over view of the result..................................................................................................................13Analysis of contribution................................................................................................................14Cash Position of the company.......................................................................................................15Analysis and Recommendation.....................................................................................................16Conclusion.....................................................................................................................................17Reference.......................................................................................................................................18
COST2Answer to Question 1a.Statement Showing Monthly Sales RevenueMonthsBikiniBoard shortTowelBeach BagTotal SalesJan-18$150,000 $90,000 $18,000 $13,000 $271,000 Feb-18$120,000 $82,500 $13,500 $11,700 $227,700 Mar-18$130,000 $87,000 $11,700 $10,400 $239,100 Apr-18$100,000 $75,000 $6,300 $7,800 $189,100 May-18$40,000 $45,000 $3,600 $3,900 $92,500 Jun-18$50,000 $52,500 $1,800 $2,600 $106,900 Jul-18$40,000 $37,500 $1,800 $2,600 $81,900 Aug-18$20,000 $30,000 $1,800 $2,600 $54,400 Sep-18$130,000 $87,000 $11,700 $10,400 $239,100 Oct-18$120,000 $82,500 $13,500 $11,700 $227,700 Nov-18$120,000 $82,500 $13,500 $11,700 $227,700 Dec-18$150,000 $90,000 $18,000 $13,000 $271,000 Statement showing cash collection budgetMonthsCashSalesCash collection from debtorsTotal cashcollection60% collected after 1 month40% collected after 2 monthJan-18$54,200 $130,080 $123,650 $307,930 Feb-18$45,540 $109,296 $86,720 $241,556 Mar-18$47,820 $114,768 $72,864 $235,452 Apr-18$37,820 $90,768 $76,512 $205,100 May-18$18,500 $44,400 $60,512 $123,412 Jun-18$21,380 $51,312 $29,600 $102,292 Jul-18$16,380 $39,312 $34,208 $89,900 Aug-18$10,880 $26,112 $26,208 $63,200 Sep-18$47,820 $114,768 $17,408 $179,996 Oct-18$45,540 $109,296 $76,512 $231,348 Nov-18$45,540 $109,296 $72,864 $227,700 Dec-18$54,200 $130,080 $72,864 $257,144
COST3b.Statement showing Production budget for Bikini (units)MonthsOpening (A)Sales (B)Closing (C )Total Production (B+C-A)Jan-187501,5006001,570Feb-186001,2006501,250Mar-186501,3005001,150Apr-185001,000200700May-18200400250450Jun-18250500200450Jul-18200400100300Aug-18100200650750Sep-186501,3006001,250Oct-186001,2006001,200Nov-186001,2007501,350Dec-187501,5008001,550Statement showing Production budget for Board Short (units)MonthsOpening (A)Sales (B)Closing (C )Total ProductionJan-186001,2005501,150Feb-185501,1005801,130Mar-185801,1605001,080Apr-185001,000300800May-18300600350650Jun-18350700250600Jul-18250500200450Aug-18200400580780Sep-185801,1605501,130Oct-185501,1005501,100Nov-185501,1006001,150Dec-186001,2007001,300Statement showing Production budget for Towel (units)YearsOpening (A)Sales (B)Closing (C )Total ProductionJan-18200400150350Feb-18150300130280Mar-1813026070200

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