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Introduction to Management Accounting (Assignment)

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Added on  2019-11-25

Introduction to Management Accounting (Assignment)

   Added on 2019-11-25

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Running head: INTRODUCTION TO MANAGEMENT ACCOUNTINGIntroduction to management accountingName of the studentName of the universityAuthor note
Introduction to Management Accounting (Assignment)_1
1INTRODUCTION TO MANAGEMENT ACCOUNTING Table of ContentsAnswer C....................................................................................................................................2Answer D...................................................................................................................................3Answer E....................................................................................................................................3Answer F....................................................................................................................................3Reference....................................................................................................................................5
Introduction to Management Accounting (Assignment)_2
2INTRODUCTION TO MANAGEMENT ACCOUNTING Answer CCalculation of product cost per unit under activity based costingParticularFredMarthaUnits produced10005000Direct costsDirect material cost per unit $ 40.00 $ 60.00 direct labour cost per unit $ 30.00 $ 45.00 Total material cost $ 40,000.00 $ 300,000.00 Total labour cost $ 30,000.00 $ 225,000.00 Total direct cost $ 70,000.00 $ 525,000.00 Required dataFred MarthaUnits produced10005000Machine hours required 40005000Production runs2020Engineering activity (Quarter)31Square foot for plant1536384Overhead costTotalFredMarthaMachine related cost $ 450,000.00 $ 200,000.00 $ 250,000.00 Set up and inspection $ 180,000.00 $ 90,000.00 $ 90,000.00 Engineering cost $ 90,000.00 $ 67,500.00 $ 22,500.00 Plant related cost $ 96,000.00 $ 76,800.00 $ 19,200.00 Total overhead cost $ 816,000.00 $ 434,300.00 $ 381,700.00 Total direct cost $ 70,000.00 $ 525,000.00 Total cost $ 504,300.00 $ 906,700.00 Cost per unit $ 504.30 $ 181.34 Selling price per unit $ 605.16 $ 217.61 Profit per unit $ 100.86 $ 36.27 Cost per unit under activity based costing for Fred is $ 504.30 and for Martha is $181.34.
Introduction to Management Accounting (Assignment)_3

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