Management Accounting for Cost and Control Assignment
Added on 2020-04-07
13 Pages491 Words55 Views
Running head: MANAGEMENT ACCOUNTING FOR COST AND CONTROLManagement accounting for cost and controlName of the studentName of the universityAuthor note
1MANAGEMENT ACCOUNTING FOR COST AND CONTROLTable of ContentsQuestion 1..................................................................................................................................2Requirement a........................................................................................................................2Requirement b........................................................................................................................3Question 2..................................................................................................................................4Calculation of equivalent units...............................................................................................4Cost per equivalent unit.........................................................................................................5Cost of closing stock and finished goods...............................................................................5Question 3..................................................................................................................................6Requirement a........................................................................................................................6Requirement b........................................................................................................................6Question 4..................................................................................................................................7Requirement a........................................................................................................................7Requirement b........................................................................................................................9Question 5..................................................................................................................................9Requirement a........................................................................................................................9Requirement b......................................................................................................................11Reference..................................................................................................................................12
2MANAGEMENT ACCOUNTING FOR COST AND CONTROLQuestion 1 Requirement a
3MANAGEMENT ACCOUNTING FOR COST AND CONTROLRequirement b4500 years back the Giza Pyramid was constructed using the conventional approach.Owing to some issues it is required to use the modern approach of cost managementaccounting for construction. If the modern concept is to be considered, process costing willbe appropriate for the Giza Pyramid construction (Fullerton, Kennedy & Widener, 2013).
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