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T217 Acc200 management accounting

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Added on  2019-10-30

T217 Acc200 management accounting

   Added on 2019-10-30

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MANAGEMENT ACCOUNTING
T217 Acc200 management accounting_1
Table of ContentsQuestion A.................................................................................................................................1Question B..................................................................................................................................1Question C..................................................................................................................................3Question D.................................................................................................................................3Question E..................................................................................................................................4Question F..................................................................................................................................6Question G.................................................................................................................................7REFERENCES...........................................................................................................................9
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List of TableTable 1: Table presenting calculation of cost per unit and total labour hours...........................1Table 2: Table representing manufacturing overhead rate as per conventional method............1Table 3: Table representing allocation of cost as per ABC method..........................................2Table 4: Allocation of cost to in accordance with cost driver....................................................2Table 5: Calculation of total cost as per ABC method...............................................................3Table 6: Calculation of selling price after allocating overhead as per ABC method.................4
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QUESTION ACalculation of cost per unit using conventional approachFRED: $166MARTHA:$249Table 1: Table presenting calculation of cost per unit and total labour hoursParticularFREDMARTHA(Amount in $)(Amount in $)Direct Material4060Direct Labour3045Manufacturing Overhead96144Total cost per unit166249Direct labour hour for one product2 hrs3 hrsTotal hours100*2500*3200015000Calculation of Manufacturing Overhead RateTable 2: Table representing manufacturing overhead rate as per conventional methodParticularAmount in $Total Hours2000+1500017000Total Manufacturing Overhead816000Rate816000/1700048QUESTION BMachine related cost45000050Set up and Inspection1800004500Engineering 90000900Plant related cost96000501
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