ACCG200 W2

1.2)
Management accounting is the processes and techniques that focus on the effective use of organizational resources, to support managers in their tasks of both customer value and shareholder value. Customer value is the value that a customer places on particular features of a product. Shareholder value is the value that shareholders or owners, places on a business.

1.15)
Three levels of managers require different types of management accounting information because of the different type of decisions that need to make.
Senior managers need to make decisions related to the market and the company while middle managers make decisions referring to a department while operating managers make decisions in every basis decisions.

1.31)
1. The number of item that had been stolen in the previous year and the period that it is stolen. The manager can then hire security personnel in the period that have high risk of shoplifter. i.e. weekend
2. The number of people that had use the library and the time they stay there. Having this information can help the council to decide whether or not the library is not being used or overcrowded.
3. The number of people who rent a car should be record as well as the number of people who request to rent a luxury car.
4. The number of times that the machine broke down is needed.

2.13)
Controllable cost: cost of food used in the casino restaurant, cost of dealer’s salary, maintenance cost
Uncontrollable cost: cost of advertising campaign for the Casino, cost of accounting, cost of customer winning a jackpot

2.23)
Product cost: cost assign to goods that were either manufactured or purchase for resale
Period cost: cost that are expenses in the accounting period in which they are incurred
Variable cost
Fixed cost
Manufactured cost
1. Product cost
2. Period cost
3. Period cost
4. Fixed cost
5. Fixed cost