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Machine Time & Square Footage Cost Allocation

   

Added on  2020-07-22

10 Pages2465 Words36 Views
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Management AccountingTechniques
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Table of ContentsINTRODUCTION...........................................................................................................................3LITERATURE REVIEW................................................................................................................4DISCUSSION..................................................................................................................................6CONCLUSION AND RECOMMENDATION...............................................................................8REFERENCES..............................................................................................................................10
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INTRODUCTIONIn present competitive and ever-changing environment, it is necessary for an organisationto decided crucial and effective course of decision-making. In order to attain their future aimsand objectives, managers needs to make use of range of management accounting techniques. Thefinancial transaction leads to supports effective decision within “Alpha Ltd”. Managementaccounting is a general practise that draws financial data in more accurate manner in theirrespective formats. The purpose of using management accounting techniques is to control andmanage every transaction in systematic manner so that chances of mistakes can be reduced.Moreover, the way in which management accounting techniques assists in supporting strategicdecision making (Albu and Albu, 2012). The primary motive of this particular research is to determine key problems those areassociated with Alpha company and make appropriate solution to them. Identification ofcomplexity in the business is increase their daily operations. The major issues found in the caseis about lack of accounting skill that is not present in both the directors. Understanding of usingactivity based costing system discuss under this report. Use of two cost allocation system andtheir respective sources are evaluated clearly and on that basis valuable recommendation is beingmade for the company.3
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