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Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5.

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Added on  2020-10-23

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As shown in case study Douglas and Pamela has decided to run child care business in their homes which is known as Nanna's House. At the time of running business organisation faced different cost which is discussed below- Fixed cost: Fixed cost means the cost which remain fixed or constant is known as fixed cost. In given case scenario, Douglas and Pamela has bear fixed cost such as licence cost which does not changes.

Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5.

   Added on 2020-10-23

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Managerial Accounting
Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5._1
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. Different types of cost with example......................................................................................12. Best option to purchase the appliances by making sound decision........................................23. Cost the couple to launder clothes .........................................................................................34. Calculation of additional employee .......................................................................................35. Employees need to hire ..........................................................................................................3PART B............................................................................................................................................41. Management accounting system in Canon and Apple computer ...........................................42. Process of information creation..............................................................................................73. Specific outcomes or lessons from article research................................................................8CONCLUSION................................................................................................................................8REFERENCE...................................................................................................................................9
Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5._2
INTRODUCTIONManagerial accounting is the combination of accounting that help to manage theaccounts. It includes number of cost and define the actual income of business organisation. Themanager of the organisation prepares different types of accounts and maintains in order toincrease the productivity. In other words, managerial accounting is process of defining, analysingand controlling the business activities (Christensen, Nikolaev and Wittenberg‐Moerman, 2016).It help to control the business by preparing financial statement and recording the transaction. Tounderstand the concept of managerial accounting Nanna's House has been chosen. As given incase Douglas and Pamela Frank are married couple and both are worked for railroad company.After retirement they have decided to start a child care business which name is Nanna's House.This organisation has managed accounts properly and prepares the accounts that help to preparethe financial statement. This report will covered different topics such as costs of organisation,relevancy of information and cost to launder. Moreover, this report will covered managementaccounting system and the innovation process in a firm. PART 11. Different types of cost with exampleManagerial accounting help to keep records of financial transaction which help toprepares the financial statement. Managerial accounting design information system that is usedto provide executives with the information for running business effectively. The manager of eachbusiness organisation focuses on cost of organisation and identify the problems in order to getrevenues. Cost accounting is the method which is used to calculate the cost of organisation whichare incurred during business activities. As shown in case study Douglas and Pamela has decidedto run child care business in their homes which is known as Nanna's House. At the time ofrunning business organisation faced different cost which is discussed below-Fixed cost: Fixed cost means the cost which remain fixed or constant is known as fixedcost. The fixed cost does not change according to changes in production. In given case scenario,Douglas and Pamela has bear fixed cost such as licence cost which does not changes. As it haslicensed fees is $ 225 to maintain and annually licence cost is $3840. This is fixed cost which hasnot chances to be increase in number of children are increases. Douglas and Pamela paid license1
Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5._3
fees in order to run a business. The facility is license to care for maximum six children(Duellman, Hurwitz and Sun, 2015). Variable cost: This means corporate expense which changes in proportion tomanufacture output. Variable expenses are changes as production changes. It does not remainfixed or constant. It covers the cost of raw material, finished goods, labour, packaging etc. Inabove case there are number of variable expenses such as frank charges and meal expenseswhich can be change if production increases or decreases. The frank charge fees is $800 permonth for every child which includes full day care of child. If some one want to extra time to gettake care then has to pay extra charges as decided $15 per hour for each child. Moreover,Douglas and Pamela provides two time meals and snacks for children. The cost of meals andsnacks is $3.20 per child day. And the maximum capacity is six children to who they providesmeal and snacks. Semi variable cost: Such cost which remain partially fixed and partially variable iscalled semi variable cost. This cost also known as mixed cost which help to define the fixed aswell as variable cost. In given case the variable cost is appliances cost that is $440. Moreover,the delivery charges are also semi variable charges which is $52 per month. This organisationhas number of option to get delivery of launder clothes. Such as it can accept laundromatservices that includes mileage rate $0.56 per mile. It change according to demand and supply ofproducts (Hilary and et.al., 2016). 2. Best option to purchase the appliances by making sound decisionEvery business concern want to make successful business decision that helps to increasethe productivity and profitability. The person who runs a business organisation analysis the allincome and expenses and evaluate the best option that help to expand the business. Such asDouglas and Pamela both are married couple and decided to run a business. The Douglas andPamela want to make best purchase option who provides number of products and services. Asthe cost of old appliance is $440. In given case, there are number of alternative available whichcan be adopt bin order to growth of business. According to given case the cost of the cost of oldappliances is $440 and if company purchases this appliances then the total cost is $878.72 whichcontains (420+380+ 43.72+35). 6 miles for 4.33 weeks (6*4.33)25.980.56 per mile14.5488$8 Per week cost of laundry34.64Cost of detergent or fabric sheer per (35/3)11.66666666672
Managerial Accounting INTRODUCTION 1 PART 11 1. Different types of cost with example 2 3. Employees need to hire 3 4. Managerial Accounting In Canon and Apple Computer 4 5. Employees need to hire 3 5._4

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