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Managerial Accounting PDF

Added on - 23 Nov 2020

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Managerial Accounting
Table of ContentsINTRODUCTION...........................................................................................................................1PART A........................................................................................................................................11) About various types of costs...................................................................................................12. Best option to purchase the appliances....................................................................................23) Calculation for each option.....................................................................................................34 Calculations related to hire more employees............................................................................45. Calculations that present the need of staff...............................................................................5PART B............................................................................................................................................51. Management accounting system in Canon & Apple computer..............................................52. Process of information creation...............................................................................................73. Specific outcomes...................................................................................................................8CONCLUSION:..............................................................................................................................9REFRENCES.................................................................................................................................10
INTRODUCTIONManagement accounting is the process which is helpful to prepare documents & reportsand assist the managers in order to take effective decisions for the betterment of corporation. It isthe procedure of evaluating, analysing and communicating the information to the managementfor pursuit of company's goal. To better understand this concept chosen business is Nanna'sHouse that is started by Douglas & Pamela which provides child care services. In this report,there are various topics are covered such as: to analyse three types of costs, calculate the cost oflaunder clothes and elements of management accounting system. Along with this, report alsodiscuss about innovation process in a firm and how management accounting contributes to theinnovation process & the specific outcomes of article's that is helpful for managementaccountants in Australian companies.PART A1) About various types of costsA cost is the value of money which occurs while manufacturing or deliver a service. Toproduce a product there are different types of costs has involves and it is required for themanagement to consider the cost of its products so that on the basis of final price can be analyse.The cost is treated as an expenditure by the corporations so it is necessary for the management totake better decisions in order to minimize the cost so that profit margin can be maximize. Ascase, discuss about Douglas & Pamela and they want to start a child care business that is knownas Nanna's House (Zamecnik and Rajnoha, 2015).To operates a business there are differenttypes of cost has incurred such as:Variable cost:Variable costs are the expenditures which changes over the proportion to the volume ofgoods or services and as per the volume of production it can fluctuate. As the productionincrease it also increases and if it decrease it also minimize. Variable cost includes cost of rawmaterial, labour, distribution cost etc. As per the case variable cost is food expenses while canincrease or decrease according to the changes in production. As Nanna's House has charge $800for frank fee and in case if children's want to spend some extra time than they have to give $15per hour. For the food & snack facility Douglas and Pamela charge $3.20 per child.Fixed cost:1
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