HA2011 Management Accounting Assignment: Accounting Assignment

Added on - 28 May 2020

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the StudentName of the UniversityAuthors NoteCourse ID
MANAGEMENT ACCOUNTING1Executive summary:Management accounting can be defined as the process that is used in the preparationof the management reports along with the accounts that provides timely and correctunderstanding of the financial information to the managers. The information would help themanagers in taking the short and long term decisions. Alternatively, financial accountinghelps in offering information to the financial users which assist in appropriate functioning ofthe business operations. The primary objective of the management accounting in business isto assist in projection of future profits and making necessary make or buy decisions. Inaddition to this, management accounting uses several types of tools with the objective offorecasting the business trends which includes the ratio analysis, MIS, KPI and financialmodelling. The present case study is based on the explanation of the two methods namely themanagement accounting and the cost accounting along with the cash flow analysis.Cost accounting assist in the computation of the cost involved in the sale of goods thatis manufactured by implementing numerous techniques or the methods. In the first part of thecase study the primary objective of the report is to determine the cost of overhead incomputing the product cost. On assessing the numerous techniques, it is noted that ABCmethod of costing assist in allocation of overhead along with the determination of the productcost in an accurate manner. In the second part of the assignment it is concerned with theanalysis of the cash flow so the potentiality of the new plan can be determined.
MANAGEMENT ACCOUNTING2Table of ContentsAssessment task Part A:.............................................................................................................3Answer to requirement 1:...........................................................................................................3Answer to Requirement B:.........................................................................................................3Answer to requirement C:..........................................................................................................4Assessment Task Part B:............................................................................................................5Answer to requirement A:..........................................................................................................5Answer to requirement 2:...........................................................................................................6Sales revenue under the current plan:........................................................................................6Annual membership revenue:....................................................................................................7Total amount of Court Fees:......................................................................................................7Total amount of Sales Revenue generated:................................................................................7Sales revenue under the new membership plans:.......................................................................8Impact on Sales Revenue and Cash Flow:.................................................................................9Requirement 3:...........................................................................................................................9Conclusion:..............................................................................................................................10References and Bibliography:..................................................................................................12
MANAGEMENT ACCOUNTING3Assessment task Part A:Answer to requirement 1:ActivityActivityCostActivity DriverAnnualQuantityCost perUnit ofActivityProcess Receivables$15,000No. of Invoices5000$3.00Process Payables$25,000Nos. of PurchaseOrders2500$10.00Program Production$28,000Nos. of ProductionSchedule1000$28.00Process Sales Order$40,000Nos. of Sales Order4000$10.00Dispatch Sales Order$30,000Nos. of Dispatches2500$12.00Load Mixers$14,050Nos. of Batches1000$14.05Operate Mixers$45,900Nos. of Kilograms200000$0.23Clean Mixers$6,900Nos. of Trays1000$6.90Move mixture to filling$3,450Nos. ofCakes/Pastries200000$0.02Clean Trays$20,000Nos. of Trays16000$1.25Fill Trays$16,000No. ofCakes/Patries800000$0.02Move to baking$8,000No. of Trays16000$0.50Set up Oven$50,000No. of Batches1000$50.00Bake Cake/Pastries$1,30,000No. of Batches1000$130.00Move to Packing$40,000No. of Trays16000$2.50Pack Cake/Pastries$80,000No. ofCakes/Patries800000$0.10Inspect Patries$2,500No. of Pastries50000$0.05Answer to Requirement B:Bill for the Activities:Activity ConsumedAnnualQuantity ofActivityDriverCost per Unit ofActivityTotal Cost
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