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Management Accounting - Solved Assignment

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Added on  2021-05-31

Management Accounting - Solved Assignment

   Added on 2021-05-31

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the Student:Name of the University:Author’s Note:Course ID:
Management Accounting - Solved Assignment_1
1MANAGEMENT ACCOUNTINGTable of ContentsAnswer to Requirement 1:...............................................................................................................2Answer to Requirement 2:...............................................................................................................4Answer to Requirement 3:...............................................................................................................7Bibliographies:.................................................................................................................................8
Management Accounting - Solved Assignment_2
2MANAGEMENT ACCOUNTINGAnswer to Requirement 1:Allocation of overhead based on departments:-ParticularsTotalMachine Centre AMachine Centre BAssemblyStoresMaintenanceArea occupied (in square metres) 52,000 9,000 8,000 12,000 15,000 8,000 Lighting and heating$550,000$95,192$84,615$126,923$158,654$84,615Insurance of buildings$300,000$51,923$46,154$69,231$86,538$46,154Property taxes$850,000$147,115$130,769$196,154$245,192$130,769Number of employees 1,100 340 210 350 100 100 Salaries of works management$1,100,000$340,000$210,000$350,000$100,000$100,000Book value of machinery$15,200,000$8,000,000$5,500,000$800,000$400,000$500,000Insurance of machinery$250,000$131,579$90,461$13,158$6,579$8,224Depreciation of machinery$1,600,000$842,105$578,947$84,211$42,105$52,632Total other overheads$4,650,000$1,607,915$1,140,946$839,676$639,069$422,394Indirect wages and supervision$7,780,000$1,200,000$1,000,000$1,600,000$2,100,000$1,880,000Indirect materials$1,320,000$500,000$650,000$150,000$0$20,000Total manufacturing expenses$13,750,000$3,307,915$2,790,946$2,589,676$2,739,069$2,322,394Overhead allocation of service department:-ParticularsTotalMachine Centre AMachine Centre BAssemblyMaterial procurement$8,000,000$4,000,000$3,000,000$1,000,000Overhead cost of stores department$2,739,069$1,369,534$1,027,151$342,384Direct labour hours 3,900,000 900,000 1,000,000 2,000,000 Overhead cost of maintenance department$2,322,394$535,937$595,486$1,190,971
Management Accounting - Solved Assignment_3

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