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T217 ACC200, Methods of Management Accounting in Small and Medium Sized Enterprises

   

Added on  2020-02-18

10 Pages1382 Words38 Views
Running head: INTRODUCTION TO MANAGEMENT ACCOUNTINGIntroduction to Management AccountingName of the Student:Name of the University:Author’s Note:
T217 ACC200, Methods of Management Accounting in Small and Medium Sized Enterprises_1
1INTRODUCTION TO MANAGEMENT ACCOUNTINGTable of ContentsRequirement a:.................................................................................................................................2Requirement b:.................................................................................................................................2Requirement c:.................................................................................................................................3Requirement d:.................................................................................................................................4Requirement e:.................................................................................................................................4Requirement f:.................................................................................................................................5Requirement g:.................................................................................................................................6Reference & Bibliography:..............................................................................................................7
T217 ACC200, Methods of Management Accounting in Small and Medium Sized Enterprises_2
2INTRODUCTION TO MANAGEMENT ACCOUNTINGRequirement a:Production Cost per unit under Conventional Method:ParticularsFredMarthaDirect Material Cost p.u.A$40 $60 Direct Labor Cost p.u.B$30 $45 Manufacturing Overhead p.u.C$96 $144Total Production Cost per unitD=A+B+C$166$249Requirement b:Cost per Activity for each Activity Cost Pool:ParticularsAmountMachine Related CostA$450,000Machine HoursB9000Machine Related Cost per Machine HourC=A/B$50 Setup & Inspection CostD$180,000Number of Production RunE40Setup & Inspection Cost per Production RunF=D/E$4,500 Engineering CostG$90,000Engineering Change OrdersH100Engineering Cost per Change OrdersI=G/H$900 Plant Related CostJ$96,000Square Footage of SpaceK1920Plant Related Cost per sq.ft.L=J/K$50
T217 ACC200, Methods of Management Accounting in Small and Medium Sized Enterprises_3

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