This report, prepared for Holmes Institute's HI5017 Managerial Accounting course, analyzes the Activity-Based Costing (ABC) model and its applicability to Mineral Resource Limited (MRL). The report begins with an executive summary and table of contents, followed by an introduction to the ABC model, defining its features and benefits. It then assesses the alignment of the ABC model with MRL's objectives and strategies, considering the company's mission, objectives, and corporate strategies. The analysis evaluates the suitability of the ABC system for MRL, offering recommendations for its implementation, including the establishment of a data collection system. The report also suggests other useful management accounting tools for MRL. The conclusion summarizes the findings and reinforces the recommendation for MRL to adopt the ABC system to improve cost estimation accuracy and support strategic decision-making. The report also includes references to support the analysis.
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