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Management Accounting System in Canon Inc and Apple computer Inc

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Added on  2020-12-29

Management Accounting System in Canon Inc and Apple computer Inc

   Added on 2020-12-29

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Managerial Accounting
Management Accounting System in Canon Inc and Apple computer Inc_1
Table of ContentsINTRODUCTION...........................................................................................................................1PART A ..........................................................................................................................................11. Various types of cost which occurs in organisation ................................................................12.) Best alternative to purchase appliance....................................................................................23.) Cost that couple has to incur to launder cloths.......................................................................34.) Calculation of Franks additional employee............................................................................45.) Calculation in context to the how much employees are required to hire...............................5PART 2............................................................................................................................................61.) Management accounting system in Canon Inc. and Apple computer Inc. ..........................62. Management accounting contribute to the innovation process ...............................................73. Specific lessons from article research .....................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Management Accounting System in Canon Inc and Apple computer Inc_2
Management Accounting System in Canon Inc and Apple computer Inc_3
INTRODUCTIONManagerial accounting is the process which is helpful to prepare relevant documents &reports which assist the corporation to take better decisions for the smooth functioning ofbusiness operations. It covers distinct topics such as: cost behaviour, budgeting, capitalbudgeting, transfer pricing etc. Managerial accounting is required in order to keep financialrecords so that financial position of a firm can be analysed. To better understand this conceptchosen business is Nanna's House that is started by Pamela & Douglas and it is basically a childcare business. In this report, there are various topics has covered such as: to examine distincttypes of cost, purchase decision in context to the appliances, cost associated with couple tolaunder clothes and elements of management accounting system. Along with this, report alsodiscuss about innovation process in a firm as a process of information creation and outcomeswhich are beneficial for management accountant in Australian corporations. PART A 1. Various types of cost Cost express the amount of funds which spent on the production of goods or service. It istreated as an expenditure so it is required for the corporations to minimise the cost so that profitmargin can increase. To sustain for a long time in market it is important for Nanna's House tominimize the cost and maximize the profits. It is helpful for the firm to achieve its predeterminedobjectives (Koester and Wangerin, 2016). To produce a product there are different types of costhas incurred such as: fixed cost, variable and semi variable cost and these are as mention asbelow:Fixed cost: It is that type of cost which does not change over a short period of time but inlong term it can change as per the changes in sales volume. It involves: depreciation, insurance,property taxes, rent etc. To minimise this cost is not an easy task because its remain fir for acertain period of time. This cost does not change as per the changes in production. As the case,fixed cost has arises in the business of Nanna's House in which Douglas and Pamela has paidfixed annual insurance of $3840. Along with this cost of dyer & washer which is $420 and $380that is also not change. Apart from this cost of delivery of the appliances which is $35 and it isalso comes under fixed cost where as the installation cost that the couple has to incur which is1
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