This document provides a comprehensive solution to a financial and management accounting mock paper for the BMM4442 course. The solution addresses three case study questions, covering various aspects of financial analysis and accounting principles. Question 1 focuses on analyzing the financial performance of Fenny Co. Ltd., calculating gross and net profits, and assessing profitability ratios for 2019 and 2020. It also explores strategies for improving the company's financial position. Question 2 delves into break-even analysis and cost-volume-profit (CVP) analysis, calculating the break-even point and discussing the advantages and disadvantages of activity-based costing (ABC). Question 3 examines variance analysis, calculating material, labor, and sales variances, identifying their causes, and proposing strategies for eliminating them. Additionally, it compares and contrasts zero-based budgeting with incremental budgeting. The solution includes calculations, explanations, and references to relevant financial accounting concepts and methodologies.
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