This assignment on traditional and ABC costing. Question-1 Calculation of cost per unit under traditional method particulars.

Traditional and ABC Costing - PDF

This article discusses Management Accounting Assignment Term 1 2018, covering topics such as calculating cost per unit of sewing machines, preparing profit and loss statement, and the benefits and limitations of ABC. It emphasizes the importance of accurate product costing and informed decision making. The article also explains why actual overhead varies from applied overhead. Subject: Management Accounting, Course Code: N/A, Course Name: N/A, College/University: Institution Name

Management Accounting Assignment Term 1 2018

The Traditional and Activity Based Costing System

INTRODUCTION TO MANAGEMENT ACCOUNTING Contents Solution 1: 3 Solution 2: 5 Solution 3: 7 Solution 4: 10 Solution 5: 12 Bibliography 14 Solution 1: Statement of Cost- Traditional Approach Particulars Basic Model Advance Model Units produced and sold 1,600 1,500 Direct Material cost per unit 325 560 Direct Labour cost per unit 150 260 Total Material Cost (1600*325)+(1500*560) 5,20,000 8,40,000 Total Labour cost (1600*150)+(1500*260) 2,40,000 3,90,000 Total

Finance

Introduction to MANAGEMENT ACCOUNTING

This article provides answers to five questions related to management accounting, including traditional and activity-based costing systems, overhead costs, and more. The article explains the differences between traditional and activity-based costing systems, the concept of overhead costs, and how to manage over or under absorbed overheads. It also discusses the advantages and limitations of activity-based costing systems.

Management Accounting- Questions and Answers

This report provides a detailed analysis of traditional and activity-based costing methods. It includes calculations of cost per unit, income statements, and importance of accurate product costing. The report also discusses overheads, applied overheads, and methods to deal with under or over applied situations.

Business Development

Costing Analysis: Traditional and ABC Costing

MANAGEMENT ACCOUNTING Contents Solution 1: 3 Solution 2: 4 Solution 3: 5 Solution 4: 7 Solution 5: 9 Bibliography 11 Solution 1: Statement of Cost- Traditional Approach Particulars Basic Model Advance Model Units produced and sold 1,600 1,500 Direct Material cost per unit 325 560 Direct Labour cost per unit 150 260 Total Material Cost 5,20,000 8,40,000 Total Labour cost 2,40,000 3,90,000 Total Allocated Overhead cost 1,43,750 1,06,250 Total Cost 9,03,750 13,36,250 Cost Price Per unit

Traditional and ABC Costing - PDF