Business Statistics: Analysis & Projections

Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student:
Name of the University:
Author’s Note:

1MANAGEMENT ACCOUNTING
Table of Contents
Answer to PART A:.........................................................................................................................3
Requirement A1:..........................................................................................................................3
Requirement A2:..........................................................................................................................5
Requirement A3:..........................................................................................................................5
Answer to Part B:.............................................................................................................................6
Requirement B1:..........................................................................................................................6
Requirement B.1a:.......................................................................................................................7
Requirement B.1b:.......................................................................................................................7
Requirement B.1c:.......................................................................................................................7
Requirement B.2:.........................................................................................................................8
Requirement B.1b:.......................................................................................................................8
Requirement B.1c:.......................................................................................................................9
Requirement B.1d:.......................................................................................................................9
Requirement B.2:.........................................................................................................................9
Answer to Part C:...........................................................................................................................10
Requirement C.1:.......................................................................................................................10
Requirement C.2:.......................................................................................................................11
Requirement C.3:.......................................................................................................................11
Requirement C.4:.......................................................................................................................12

2MANAGEMENT ACCOUNTING
Answer to Part D:..........................................................................................................................12
Bibliography:.................................................................................................................................14

3MANAGEMENT ACCOUNTING
Answer to PART A:
Requirement A1:
a) Cost Function for Part-Time Dentist:
Particulars Amount
Part-Time Dentist $43,000
Visits 3600
Part-Time Dentist $11.94
Cost Function for
Part-Time Dentist y=11.94x
b) Cost Function for Receptionist/Technician:
Particulars Amount
Receptionist/
Technician Cost $78,049
Growth Rate 2.50%
Expected Cost $80,000
Cost Function for
Receptionist/Technic
ian Cost y=80000
c) Cost Function for Supplies:
Particulars Amount
Maximum Visits 3600