Cost and Management Accounting Assignment
30 Pages786 Words151 Views
Added on 2019-11-12
Cost and Management Accounting Assignment
Added on 2019-11-12
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RUNNING HEAD: COST AND MANAGEMENT ACCOUNTING[DOCUMENT TITLE]
COST AND MANAGEMENT ACCOUNTING1ContentsQUESTION 1...........................................................................................................................................2A........................................................................................................................................................2B........................................................................................................................................................3QUESTION 2...........................................................................................................................................4QUESTION 3...........................................................................................................................................5(a)......................................................................................................................................................5(b)......................................................................................................................................................6QUESTION 4...........................................................................................................................................8A........................................................................................................................................................8B......................................................................................................................................................11QUESTION 5.........................................................................................................................................12A......................................................................................................................................................12B......................................................................................................................................................14References...........................................................................................................................................16
COST AND MANAGEMENT ACCOUNTING2QUESTION 1AHandwritten solution
COST AND MANAGEMENT ACCOUNTING3Normal ViewFormula View
COST AND MANAGEMENT ACCOUNTING4
COST AND MANAGEMENT ACCOUNTING5BThe Great Pyramid of Giza is the oldest pyramids in Egypt. It is one of the seven wonders of the world. This structure is considered to be the largest and tallest in the Earth. Apart from the beauty and magnificence, the actually wonder is the construction of the structure. For pyramid construction, conventional costing approach had been applied which includes many stages such as execution of proper plan, proper documentation, execution, progressions, designing and closures (Lavia López & Hiebl, 2014). There is a huge differencebetween costing approach applied in construction of great pyramid and the modern management techniques (Lanen, 2016). Earlier many deficiencies found in the construction and thus the modern cost management accounting have been integrated which has advanced stages of techniques. According to the modern approach, processed accounting would be categorized as best technique for the construction of the great wonder (Stretton, 2014). In the modern technique, proper project management plan has been executed which contains all the systematic data for the project execution. Further includes the flexibility for any future changes in the project plan. Moreover, project concerns, project budgets, monitoring and regulating the project progressions etc. have been incorporated and most importantly all the costs incurred for the construction is properly bifurcated and allocated to the correct department (Otley & Emmanuel, 2013).QUESTION 2Handwritten Solution
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