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Assignment on Management Accounting - Doc

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Added on  2020-03-23

Assignment on Management Accounting - Doc

   Added on 2020-03-23

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Running head: MANAGEMENT ACCOUNTINGManagement AccountingName of the UniversityName of the studentAuthors note
Assignment on Management Accounting - Doc_1
MANAGEMENT ACCOUNTING1Table of ContentsAnswer to Question 1:................................................................................................................2Requirement A:......................................................................................................................2Requirement B:......................................................................................................................3Answer to Question 2:................................................................................................................4Answer to Question 3:................................................................................................................5Answer to Question 4:................................................................................................................7Answer to Question 5...............................................................................................................11Part B........................................................................................................................................12References:...............................................................................................................................13
Assignment on Management Accounting - Doc_2
MANAGEMENT ACCOUNTING2Answer to Question 1:Requirement A:Normal View
Assignment on Management Accounting - Doc_3
MANAGEMENT ACCOUNTING3Formula View
Assignment on Management Accounting - Doc_4
MANAGEMENT ACCOUNTING4Requirement B:There is huge difference in the construction of the Great Pyramid of Giza today andits construction before 4500 years. In its construction traditional approach is necessary whichincludes numerous steps such as designing, planning, commencement, implementation and atlast concluding. Several restrictions were present in the construction of pyramid which are thetechniques used, construction cost, amount of resources, etc. Through implementation andutilization of modern cost management accounting, reduction of those restrictions can beintroduced in the construction techniques.Thus in recent times, in the construction of the great pyramid, solicitation ofprocessed cost account might be appropriate. Thus this process can help in reduction ofexpenses that could help in controlling the construction cost (Velasquez et al., 2015). Cost ofeach unit of the product is taken as equal to cost of other units in case of processedaccounting. As processed costing is based on standard costing, it is considered as useful at the
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MANAGEMENT ACCOUNTING5time of preparing a wide mixture of products. In addition, the construction of pyramid is verydifficult without having knowledge about the actual cost of construction. Nevertheless, byenacting processed costing, the original cost of the products can be recognized.Answer to Question 2:Normal View
Assignment on Management Accounting - Doc_6

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