| Management Accounting | Case Submission : Eastside Medical Testing | | | 2/3/2015 | | BySection B | | Surjit S K | 1401111 | Vimal Kumar R | 1401113 | Vinoth Kumar R | 1401114 | Vivek Agarwal | 1401115 | Viswanathan E | 1401116 | Saikat Roy | 1401117 | Question 1 Based on Emmet’s assumptions - Cost and Profit per unit | T1 | T2 | T3 | T4 | T5 | Total | Number of tests per year | 3,500 | 52,000 | 72,000 | 80,000 | 92,000 | 299,500 | Number of runs
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Project Management Tutorial 4 – Project budget and cashflow planning Project budget 1.1 Give one (1) example of a project and perform the following: (a) Choose two (2) activities of that project and (b) Set up direct costs, indirect costs and contingency for the 2 chosen activities Project cashflow 2.1 Discuss the various “Cash-inflow” and “Cash-outflow” sources for the following stakeholders of a condominium development project: (a) Sub-contractor (b) Main-contractor (c) Developer 2
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Management Audit Status of Cost and Management Audit in Bangladesh It is obviously understood that considering the aforesaid multifarious and multidimensional benefits of cost accounting and management auditing the Government of Bangladesh has made keeping cost books and cost accounts compulsory in the Companies Act, 1994 through section 181. The relevant part may be seen from clause (d) of subsection (1) of section 181. Section 220: Audit of certain matters by Cost and Management Accountants:
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analysed the information of exhibit 1, 2, 3 and 4. Alternatives * Reduce the manufacturing costs * Produce the Romaine Doll * ABC-method for the Geoffrey Doll * Do nothing Criteria * Costs * Profit * Implementation time Asses the alternatives Alternatives | Decision Criteria | | | | | | Qualitative | | Quantitative | | | | Implementation time | | Costs | Margin | | 1. | | | | | | 2. | | | | | | 3. | | | | | | Select the best
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2. Given some of the apparent problems with Wilkerson’s cost system, should executives abandon overhead assignment to products entirely by adopting a contribution margin approach in which manufacturing overhead is treated as a period expense? Why or why not? The current method does not provide and accurate representation of the actual cost to produce the 3 products. The overhead rate is 300% and directly related to the labor costs. Many of the overhead hosts are actually batch level activities
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caused the existing system at ETO to fail? The primary reason for the failure of Electronic Testing Operations’ (ETO) existing cost accounting system is ETO’s reliance on a labour-based overhead allocation system, which relied on an arbitrary cost-driver (i.e. overhead rate based on total pooled overhead costs and direct labour costs) (Turney, 1988, p. 2-3). The cost driver is based entirely on direct labour and assumes that all the components utilise direct labour and overheads in an equal proportion
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1. Executive Summary This report covers on the central problem the business encounters and offer solutions to reconstruct certain facets of the business. The main concern that Cambden Cakes faced is the inaccuracy of the method of costing used which results in a misstatement in its profit report. This report is to offer an alternative to the current costing method - Activity-Based Costing (ABC). The following detailed explanatory will be covered in the main body Limitations
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completed packaging an order from Hawes Company for 450 printers. Before the order is shipped, the controller wants to compare the unit costs computed under the company’s new activity-based costing system with the unit costs computed under its traditional costing system. Printware’s traditional costing system assigned overhead costs at a rate of 240 percent of direct labor cost. Data for the Hawes order are as follows: direct materials, $17,552; purchased parts, $14,856; direct labor hours, 140; and average
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Introduction: Areas of land must be leveled and prepared before construction can begin on them. Quality soils can sometimes result in strong foundations. Engineers need to prepare the cost estimate that the soil excavation would entail. The image below shows what land area will be used in this lab. Experimental procedures: 1. Set up the automatic level somewhere where you can see the benchmark and the grid points. 2. Take a backsight of the benchmark. 3. Use the equation below
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Assignment 2 Course Code: MGT 431 Course Name: Managerial Accounting Due Date:15th November, 2015 General Guidelines SUBMISSION OF ASSIGNMENTS i. Clearly indicate your NAME, ROLL NUMBER and COURSE MODERATOR NAME (i.e.AmeenaArshad) on the final document. ii. This is an activity based assignment DO NOT Cut, Copy, Paste lengthy theory. iii. The due date for assignment is 15th November, 2015 SUNDAY. Unless advised otherwise by the course moderator, all work is to be submitted
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