Cost of Manufacture Analysis Task 1 - Assessment Assessment 1 (A) 4 Question 2 4 Question 4 5 Question 4 5 Question 4 5 Question 4 5 Question 4 5 Question 4 5 Question 4 5 Question 4 5 Question 5 6 Qu

Management
Accounting

Table of Contents
Assessment 1 (A).......................................................................................................................4
Question 1..............................................................................................................................4
Question 2..............................................................................................................................4
Question 3..............................................................................................................................5
Question 4..............................................................................................................................5
Question 5..............................................................................................................................6
Question 7..............................................................................................................................7
Question 8..............................................................................................................................7
Assessment 1 (B)........................................................................................................................8
Task 1 – Cost of Manufacture Analysis.................................................................................8
Task 2- Production cost worksheet..........................................................................................10
Part A...................................................................................................................................10
Part B....................................................................................................................................11
Part C....................................................................................................................................11
Part D...................................................................................................................................12
Part E....................................................................................................................................13
Part F....................................................................................................................................13
Part G...................................................................................................................................14
Part H...................................................................................................................................14
Part I.....................................................................................................................................15
References................................................................................................................................16

TABLE OF FIGURES
Figure 1: Total Product Curve..................................................................................................12
Figure 2: Total Cost Curve.......................................................................................................14
Figure 3: Graph representing marginal curve..........................................................................15

ASSESSMENT 1 (A)
Question 1
According to Haynes and et al. (2014), reliable accounting information systems
generate and record costing information reliably by considering viability and accuracy of
data1. The computerized system will be able to generate accounting documents such as bills,
memo and invoices. It will also record transactions of daily costing and business transactions
via computer software. The further computerized system will assist costing information by
preparing financial statements and trial balance in order to check authenticity and accuracy.
Computerized system comprises a primary stage that is the Transaction processing system,
which records and store transactions held in different operational areas of business. TPS
engages these following steps in addressing a transaction; data validation and entry, recording
and storage, processing and re-validation, data and reporting. If the system is able to generate
and record cited data, then it will be cost-effective and assist in smooth management, while
ensuring speed, security and easy access to data.
Question 2
The legislative and organizational requirement prescribe that a single code should
apply to an only individual category of data coding and all the categories should be wide-
ranging. As per Drury and Colin (2013), there are clear rules for coders which are to be
followed so that the process of coding is consistent in all fields related to particular data2. For
the purpose of quantitative analysis, data coding is usually done into a variable that is capable
of being measured as nominal or ordinal. Quantitative analysis-data is-
 Pre-coded that is specific codes are assigned to expected answers,
 field-coded (codes are available during fieldwork),
 Post-coded (coding are available when the coding is complete )
 Office-coded (done after fieldwork).
According to words of Bryman, Alan and Emma Bell, (2015), in this aspect business are
required to comply with the legislation such as AMX Software and Program Code License
1 Haynes, Ian Frederick, Bradley Jason Schultz, Stephen Conway Larkin, and Sean David Rogers.
"Computerized information collection and training method and apparatus." U.S. Patent 8,633,985, issued
January 21, 2014.
2 DRURY, COLIN M. Management and cost accounting. Springer, 2013.