Project Report : Management Accounting

Added on - 21 Apr 2020

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Running Head: Management accounting1Project Report: Management Accounting
Management accounting2ContentsPart 1.................................................................................................................................3Part 2.................................................................................................................................4Introduction...................................................................................................................4Value chain...................................................................................................................4Segment of value chain.................................................................................................6Purpose of value chain..................................................................................................8Conclusion....................................................................................................................8References.........................................................................................................................9
Management accounting3Part 1:calculation of the work in processBalance c/d35000Finished goods (Transfer from finished goodsledger)305000Direct material used80000Balance c/d (Bal fig)130000Direct Labour160000Manufacturing OH160000435000435000calculation of the finished goodsBalance c/d55000COGS300000WIP (Bal fig)305000Balance c/d60000360000360000Working note:Calculation of manufacturingcost(80000+60000)*0.4/0.6Cost of goods sold420000-(420000*0.4/1.4)
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