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(solved) Management Accounting: Assignment

   

Added on  2020-05-16

9 Pages1271 Words48 Views
Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the Student: Name of the University: Author’s Note:
(solved) Management Accounting: Assignment_1
1MANAGEMENT ACCOUNTINGTable of ContentsIntroduction:...............................................................................................................................2Discussion:.................................................................................................................................2Appropriate situation for Job Order Costing System:............................................................2Work-in-Process Balance:......................................................................................................2Cost of Chairs in Finished Goods Inventory:.........................................................................3Calculation of Over or Under Applied Overhead..................................................................4Different Treatments for Adjusting Over Applied Overheads:..............................................5Approach for Adjusting Over Applied Material Cost:...........................................................5Activity Based Costing..........................................................................................................6Conclusion:................................................................................................................................6Reference and bibliography List:...............................................................................................7
(solved) Management Accounting: Assignment_2
2MANAGEMENT ACCOUNTINGIntroduction:Turramurra Furniture is the company that has been evaluated under this particularassignment. It has specialization in producing and manufacturing of computers. Under thevariant job numbers of this company, several kinds of furniture are produced by organization.In this report, costs of every types of furniture manufactured by company is ascertained andevaluated. Furthermore, it also demonstrates methodology of assuming costs using job ordercosting process. Discussion:Appropriate situation for Job Order Costing System:Job costing is a method of costing that helps in evaluating the total number ofproducts manufactured in a batch and process of manufacturing. Organizations possessing thecapability of carrying out manufacturing exploit this method of costing for achieving tailoredservices and products (Hopper and Bui 2016). It is difficult job for company for allottingcosts after it received permit and order for manufacturing several products. Work-in-Process Balance:Work in process balance is incorporated in the manufacturing process that requiresadding up of all the expenses. Overhead expenses, labour and raw materials that have beenincurred in the manufacturing process at various stages are addressed in this process.
(solved) Management Accounting: Assignment_3

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