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Management Accounting : Sample Assignment PDF

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Added on  2021-06-14

Management Accounting : Sample Assignment PDF

   Added on 2021-06-14

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Running head: MANAGEMENT ACCOUNTING Management AccountingName of the StudentName of the UniversityAuthors NoteCourse ID
Management Accounting : Sample Assignment PDF_1
MANAGEMENT ACCOUNTING1Table of ContentsAnswer to A...............................................................................................................................2Answer to i:................................................................................................................................2Answer to ii:...............................................................................................................................2Answer to iii:..............................................................................................................................3Answer to iv:..............................................................................................................................4Answer to B:..............................................................................................................................5Reference List:...........................................................................................................................7
Management Accounting : Sample Assignment PDF_2
MANAGEMENT ACCOUNTING2Answer to AAnswer to i:Direct Materials Price and Quantity (Efficiency) VariancesMaterialsActual price4.6Standard Price4.5Quantity Purchased25000Material Price Variance2500Material Quantity (Efficiency) VarianceActual Quantity Used for Actual Output23100Standard Quantity allowed for Actual Output25000Standard Price4.5Material Quantity (Efficiency) Variance-8550Working NotesMaterial Price Variance = (4.6 – 4.5) = 0.1= 25,000 x 0.1 = 2500Material Quantity Variance= 23100 – 25000 = (1900)= (1900) x Standard price Or (1900) x 4.5 = (8550)Answer to ii: Direct Labour Rate and Efficiency VariancesLabour
Management Accounting : Sample Assignment PDF_3

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