Assignment of Management Accounting

Added on - 16 Mar 2020

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the Student:Name of the University:Author’s Note:
1MANAGEMENT ACCOUNTINGAssignment Part 1:MonthNumber ofDaysTableModel 1TableModel2Total Tables(Model 1 +Model2)Machinery's ElectricityUsageOtherElectricity UsageTotalElectricityUsage(kwh)(kwh)(kwh)131320080040001200243144322840001000500015002491749331480012006000180026120614306400160080002400337.92737.9531760019009500285048933396304400110055001650607.22257.27316240156078002340638.42978.48317120178089002670697.53367.59304800120060001800480228010316400160080002400337.92737.91130768019209600288024631261231800020001000030004003400TOTAL36570640176608830026490498731477Answer 1:ParticularsElectricityProvider 1ElectricityProvider 2TotalNos.of Days365365TotalElectricityUsage(kwh)3147731477PrimaryLimitof Usage(kwh)335.34255UsgaerateforFirstLimit$0.2980$0.2955Electricity Expense for 1st Limit$99.93$75.35BalanceUsage(kwh)3114231222UsageRateforBalanceUsage$0.3001$0.2875Electricity Expense for Balance Usage$9,345.58$8,976.30AnnualElectricityCost$9,445.51$9,051.65
2MANAGEMENT ACCOUNTINGAnswer 2:Electricity Provider 1Electricity Provider 2MonthNumber ofDaysTotalElectricityUsageFirstLimit(kwh)RateperkwhBalanceUsageRateperkwhSupplyChargeperdayTotalElectricityCostFirstLimit(kwh)RateperkwhBalanceUsageRateperkwhSupplyChargeperdayTotalElectricityCost1311443335.34$0.29801107.66$0.3001$4.012556.71209255$0.29551188$0.2875$5.000$541.272281749335.34$0.29801413.66$0.3001$4.012636.50669255$0.29551494$0.2875$5.000$617.213312061335.34$0.29801725.66$0.3001$4.012742.17389255$0.29551806$0.2875$5.000$718.954302737.9335.34$0.29802402.56$0.3001$4.012941.29958255$0.29552482.9$0.2875$5.000$909.555313339335.34$0.29803003.66$0.3001$4.0121125.7017255$0.29553084$0.2875$5.000$1,086.376302257.2335.34$0.29801921.86$0.3001$4.012797.04151255$0.29552002.2$0.2875$5.000$771.357312978.4335.34$0.29802643.06$0.3001$4.0121017.4856255$0.29552723.4$0.2875$5.000$982.708313367.5335.34$0.29803032.16$0.3001$4.0121134.2545255$0.29553112.5$0.2875$5.000$1,094.579302280335.34$0.29801944.66$0.3001$4.012803.88379255$0.29552025$0.2875$5.000$777.9010312737.9335.34$0.29802402.56$0.3001$4.012945.31158255$0.29552482.9$0.2875$5.000$913.5611303126335.34$0.29802790.66$0.3001$4.0121057.7684255$0.29552871$0.2875$5.000$1,021.1312313400335.34$0.29803064.66$0.3001$4.0121144.0078255$0.29553145$0.2875$5.000$1,103.91TOTAL36531476.910902.14710538.4688
3MANAGEMENT ACCOUNTINGAssignment Part 2:MonthTotal TablesTotalElectricityCostRentOtherExpensesRawMaterialCostsLabor CostTotal Cost14000$541$10,000$5,642$10,825$136,000$163,00925000$617$10,000$4,000$12,344$170,000$196,96136000$719$10,000$6,540$14,379$204,000$235,63848000$910$10,000$7,000$18,191$272,000$308,10059500$1,086$10,000$7,536$21,727$323,000$363,35065500$771$10,000$7,565$15,427$187,000$220,76377800$983$10,000$11,345$19,654$265,200$307,18288900$1,095$10,000$10,007$21,891$302,600$345,59396000$778$10,000$7,589$15,558$204,000$237,925108000$914$10,000$6,700$18,271$272,000$307,885119600$1,021$10,000$4,152$20,423$326,400$361,9961210000$1,104$10,000$8,800$22,078$340,000$381,982TOTAL88300$10,538$120,000$86,876$210,769$3,002,200$3,430,384Requirement 1:Classification cost are done based on fixed, variable and mixed cost.Electricity- Electricity is usually regarded as mixed cost, this is because, a fixed rate canbe charged using a base amount. For any usage above the base amount, business will be requiredto pay additional variable charge.Rent is classified as fixed cost as this is considered as periodic charge for using of realestate by business that is owned by landlord. Sometimes, rent is classified as mixed cost if theoffice space is on lease. Fixed cost would be flat monthly rate and variable cost will be treated aspercentage of gross sales.
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