Management Accounting and Cost Accounting: Case Study
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Added on 2020-05-16
Management Accounting and Cost Accounting: Case Study
Added on 2020-05-16
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Running head: MANAGEMENT ACCOUNTING Management AccountingName of the StudentName of the UniversityAuthors NoteCourse ID
MANAGEMENT ACCOUNTING1Executive summary:The concept of management accounting or the managerial accounting enables the managersto make use of the provisions of accounting information to better obtain the information inthe betterment of the internal organization. The concept of management accounting helps inserving as the internal control for the better performance of the management functions. Oneof the important factors of management accounting is relating to the provision of financialand non-financial decisions making procedure of the firm to provide the management withthe better information. The concept of management accounting enables the managementaccountant to consider the events that takes during the normal course of business by takinginto the considerations the requirements of the business. The primary objective of the management accounting is to help in projecting the futureanticipated profits and undertaking the necessary decisions of either making or purchasing.The current case study takes into the considerations the explanation of the two methodsnamely the management accounting and cost accounting by assessing the future cash flowanalysis from the implementation of the new plans. The initial phase of the study isassociated with the determination of the overhead costs and determining the product costthereafter. The later part of the case study is associated with the determination of the analysisof the cash flow in order to determine the potential benefit of the new plans.
MANAGEMENT ACCOUNTING2Table of ContentsAnswer to Part A:.......................................................................................................................3Answer to requirement 1:...........................................................................................................3Answer to requirement B:..........................................................................................................3Answer to requirement C:..........................................................................................................4Answer to Part B:.......................................................................................................................5Answer to requirement A:..........................................................................................................5Answer to requirement 2:...........................................................................................................6Sales revenue in the present plan:..............................................................................................7Sales revenue presented under the presented plans of membership:.........................................8Answer to requirement 3:.........................................................................................................10Conclusion:..............................................................................................................................11Reference List:.........................................................................................................................13
MANAGEMENT ACCOUNTING3Answer to Part A: Answer to requirement 1: ActivityActivityCostActivity DriverAnnualQuantityCost perUnitofActivityProcess Receivables$15,000No. of Invoices5000$3.00Process Payables$25,000Nos. of PurchaseOrders2500$10.00Program Production$28,000Nos. of ProductionSchedule1000$28.00Process Sales Order$40,000Nos. of Sales Order4000$10.00Dispatch Sales Order$30,000Nos. of Dispatches2500$12.00Load Mixers$14,050Nos. of Batches1000$14.05Operate Mixers$45,900Nos. of Kilograms200000$0.23Clean Mixers$6,900Nos. of Trays1000$6.90Move mixture to filling$3,450Nos. ofCakes/Pastries200000$0.02Clean Trays$20,000Nos. of Trays16000$1.25Fill Trays$16,000No. ofCakes/Patries800000$0.02Move to baking$8,000No. of Trays16000$0.50Set up Oven$50,000No. of Batches1000$50.00Bake Cake/Pastries$1,30,000No. of Batches1000$130.00Move to Packing$40,000No. of Trays16000$2.50Pack Cake/Pastries$80,000No. ofCakes/Patries800000$0.10Inspect Patries$2,500No. of Pastries50000$0.05Answer to requirement B: Illustrations for Bill of Activities
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