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Managerial Accounting INTRODUCTION 1 PART 11

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Added on  2020-12-09

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Best option to purchase the appliances by making sound decision 2 3) Detailed calculation for each option 3 4 Calculations in context to hire additional employees4 5. Specific outcomes or lessons from article research 7 CONCLUSION 8 REFERENCES 9 INTRODUCTION Managerial accounting is the process of preparing documents & reports which provide helps the management to take better decisions in context to the growth of company. As per the case scenario Douglas & Pamela has decided to start child care business which is known as Nanna's

Managerial Accounting INTRODUCTION 1 PART 11

   Added on 2020-12-09

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Managerial Accounting
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Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. Distinct types of costs .............................................................................................................12. Best option to purchase the appliances by making sound decision ........................................23) Detailed calculation for each option........................................................................................34 Calculations in context to hire additional employees...............................................................45. Calculations which shows that how much employees are needed to be hire .........................4PART B............................................................................................................................................51. Management accounting system in Canon and Apple computer ............................................52. Process of information creation and innovation contribution..................................................63. Specific outcomes or lessons from article research.................................................................7CONCLUSION ...............................................................................................................................8REFERENCES ...............................................................................................................................9
Managerial Accounting INTRODUCTION 1 PART 11_2
Managerial Accounting INTRODUCTION 1 PART 11_3
INTRODUCTIONManagerial accounting is the process of preparing documents & reports which providehelps the management to take better decisions in context to the growth of company. It involvescollecting, analysing and reporting the information about the operations and finance of abusiness. These reports are generally directed to the managers of a business rather than externalparties. To better understand this concept chosen business is Nanna's House which is started byDouglas and Pamela and it basically a child care business. There are various topics has coveredin this report such as: to discuss different types of costs, to calculate the cost of couple to launderclothes, identify the components of the management accounting system. Apart from this, reportalso discuss about how management accounting contributes to the innovation process andspecific outcomes learned from the article's research findings. PART 11. Distinct types of costs As cost is defined as the cash amount or the cash equivalent given up for an asset. Toidentify the cost of an unit is important so that final price of a product can be analysed. There aredifferent types of costs which are involves to manufacture the goods. The cost is consider as theexpenditure for the business and it is important for an organisation to minimize this so thathigher profits can be generated. According to the case scenario Douglas & Pamela has decided tostart child care business which is known as Nanna's House. There are different types of costarises while running a business and these are as mention below: Fixed cost: It is that cost which does not change as production volume increase ordecrease with a revenant range and it remain fix for a particular period of time. To reduce thefixed cost is not easy as compare to the variable cost reason being it does not based upon volumeor operations. As per the case study, Douglas & Pamela has to bear different types of fixed costwhich involves: annual fee of $225 to maintain the licence and insurance is required at a cost of f$3,840 annually. As the license cost will not change if number of children's increase. To run thebusiness they have to pay the cost for license (Tsekrekos and Wojakowski, 2012).Variable cost: It is that cost which can vary with the changes of production volume andif production increase variable cost will also rise and if production decrease it will also reduce. Itis the sum of marginal cost over all units produced. The variable cost involves labour, raw1
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