Management Accounting Statement Question Answer 2022

Running head: MANAGEMENT ACCOUNTING
1
MANAGEMENT ACCOUNTING

Running head: MANAGEMENT ACCOUNTING
Contents
Question 1.....................................................................................................................................3
Question 2.....................................................................................................................................4
Question 3.....................................................................................................................................4
Question 4.....................................................................................................................................5
Question 5.....................................................................................................................................5
Question 6.....................................................................................................................................6
References.....................................................................................................................................7

Running head: MANAGEMENT ACCOUNTING
Management accounting is the field which deals with the under which the provisions of the
accounting information are utilized in order to be aware about the information of the
accounting nature. The management accounting helps the managers in keeping a track on the
performance of the control functions. The simplest definition of the management accounting is
the provision of financial and the non-financial decisions in order to deal with the information
possessed by the managers (Nielsen and Roslender, 2015).
Question 1
Income Statement
for the year ending
Particulars Units Price Total
Selling price of barbecue 2000 2 4000
Selling price of balloon 1000 1 1000
Total sales 5000
Cost of stock 2000 0.25 500
1000 0.03 30
Gross Profit 4470
Less: Expenses
Remuneration 1600
Leasing BBQ 200
Balloon Pump 50
Sales and administrative 50
Permit expenses 250
Total Expenses 2150
Net profit 2320