Category: Cost and Management Accounting

Cost & Management Accounting – Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

27 Apr
MBA Assignment Admin 0 Comment Cost and Management Accounting

Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting

1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price.

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting – Ascertain Contribution per piece and as a % of Sales Price

27 Apr
MBA Assignment Admin 0 Comment Cost and Management Accounting

Ascertain Contribution per piece and as a % of Sales Price.

Ascertain Contribution per piece and as a % of Sales Price.

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting

1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price.

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting – Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses

27 Apr
MBA Assignment Admin 0 Comment Cost and Management Accounting

Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting

1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price.

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting – Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment

27 Apr
MBA Assignment Admin 0 Comment Cost and Management Accounting

Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting

1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price.

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting – Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations.

27 Apr
MBA Assignment Admin 0 Comment Cost and Management Accounting

Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions. The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting

1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following –

  • Growth of E-Commerce and e-business. Share atleast 2 practical examples.
  • Focus on cross-functional Groups
  • Total Quality management concept

How these impacted global management accounting practices.

3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable. They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price.

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                                     1100                per pc

Sale                                                     1800                per pc

Expenses                                                                    Per Month

Rent                                                                            50000

Staff Salary                                                                 75000

Commission per pc                                                      100

Contact us: – Prakash

Mobil: – +919741410271/ 08722788493

Email: – smu.assignment@gmail.com

Visit: – http://www.mbaassignmentsolutions.com/

Cost & Management Accounting June 2018 Assignment

29 Mar
MBA Assignment Admin 0 Comment Cost and Management Accounting ,

Cost & Management Accounting

1. The CEO of a leading fan manufacturer is concerned about certain teething issues involving sales of ceiling fans. Ceiling fans come in several models, and each model has numerous Stock Keeping Units (SKUs) involving different colours, blade size etc.

Tastes and preferences of consumers vary widely across the vast geography of the country. Recently there have been numerous complaints from the divisional sales offices across the country that they have received supplies of fans in colours and blade sizes, which are not popular in their territory. This has led to loss of sales as distributors in their regions would not accept those fans. Sales people have not been able to achieve their quarterly sales targets, leading to de-motivation and attrition. The CEO has approached you to review the Management Accounting process in the company in the light of the above events. Critically analyze the issues at hand, and suggest a suitable roadmap for the company to revamp its Management Accounting process.

2. Due to economic depression, a company is running its plant currently at 50% of its capacity. The following details are available:

  • Cost of Production per unit:
  • Direct Materials – Rs.6
  • Direct Labour – Rs. 2
  • Variable Overhead – Rs. 4
  • Fixed Overhead – Rs. 4
  • Production per year – 20000 units
  • Total Cost of Production – Rs. 320000
  • Total Yearly Sales – Rs. 300000
  • Loss – Rs. 20000

An exporter offers to buy 5000 units per year at the rate of Rs. 13 per unit. The company is hesitating to accept the offer for the fear of increasing its already incurring operating losses. Advise whether the company should accept or decline the offer.

3. A) The budgeted working conditions for a factory are as follows:

  • Normal working week – 45 hours
  • Number of machines – 30
  • On maintenance etc., normal weekly loss of hours – 4 hours per m/c
  • Estimated annual overhead – Rs.153750
  • Estimated direct wages rate – Rs.2.00 per hour
  • No of weeks worked per year – 50

The company uses Machine Hours as a base for apportioning overhead costs. Estimate the overhead absorption rate per machine hour.

3. B) For the above company, during a four week period, the actual results are as follows:

  • Overhead incurred – Rs.11000
  • Wages incurred – Rs. 11200
  • Machine hours produced – 4500

Calculate the amount of under or over-absorption of both wages and overheads.

Calculate and interpret whether the variance is favourable or unfavourable: a. Material Cost Variance b. Material Price Variance

13 Sep
MBA Assignment Admin 0 Comment Cost and Management Accounting ,

Cost and Management Accounting

1. Ashish had joined the labour control and payment system of Navneet Ltd. He was asked by his manager to prepare a report on the various activities involved in the cost accounting for the labour. Provide various inputs that he has to keep in mind while preparing the report.

2. ABC Ltd uses the LIFO method for recording inventory. The details of the company are as follows:

Jul-14 Particulars
1 Opening balance 400 liters @ ₹28.00 per litre
4 Purchased 300 liters @ ₹27 per litre
7 Issued 200 litres
10 Issued 300 litres
22 Purchased 490 liters @ ₹25.00 per litre
25 Issued 300 litres

Prepare a stores ledger account using the LIFO method and explain the relevance of this method.

3. To make 15 Kg. of a product, the standard materials required are as follows:

Materials Amount Price
A 10 kg @ 8
B 3 Kg. @ 10
C 2 Kg. @ 12

During the month of July, 1,500 Kg. of the product was produced. The actual materials consumed were as follows:

Materials Amount Price
A 900 kg @ 7
B 400 Kg. @ 8
C 200 Kg. @ 10

Calculate and interpret whether the variance is favourable or unfavourable:

a. Material Cost Variance

b. Material Price Variance

 

During the month of July, 1,500 Kg. of the product was produced. The actual materials consumed were as follows

13 Sep
MBA Assignment Admin 0 Comment Cost and Management Accounting ,

Cost and Management Accounting

1. Ashish had joined the labour control and payment system of Navneet Ltd. He was asked by his manager to prepare a report on the various activities involved in the cost accounting for the labour. Provide various inputs that he has to keep in mind while preparing the report.

2. ABC Ltd uses the LIFO method for recording inventory. The details of the company are as follows:

Jul-14 Particulars
1 Opening balance 400 liters @ ₹28.00 per litre
4 Purchased 300 liters @ ₹27 per litre
7 Issued 200 litres
10 Issued 300 litres
22 Purchased 490 liters @ ₹25.00 per litre
25 Issued 300 litres

Prepare a stores ledger account using the LIFO method and explain the relevance of this method.

3. To make 15 Kg. of a product, the standard materials required are as follows:

Materials Amount Price
A 10 kg @ 8
B 3 Kg. @ 10
C 2 Kg. @ 12

During the month of July, 1,500 Kg. of the product was produced. The actual materials consumed were as follows:

Materials Amount Price
A 900 kg @ 7
B 400 Kg. @ 8
C 200 Kg. @ 10

Calculate and interpret whether the variance is favourable or unfavourable:

a. Material Cost Variance

b. Material Price Variance

 

To make 15 Kg. of a product, the standard materials required are as follows

13 Sep
MBA Assignment Admin 0 Comment Cost and Management Accounting ,

Cost and Management Accounting

1. Ashish had joined the labour control and payment system of Navneet Ltd. He was asked by his manager to prepare a report on the various activities involved in the cost accounting for the labour. Provide various inputs that he has to keep in mind while preparing the report.

2. ABC Ltd uses the LIFO method for recording inventory. The details of the company are as follows:

Jul-14 Particulars
1 Opening balance 400 liters @ ₹28.00 per litre
4 Purchased 300 liters @ ₹27 per litre
7 Issued 200 litres
10 Issued 300 litres
22 Purchased 490 liters @ ₹25.00 per litre
25 Issued 300 litres

Prepare a stores ledger account using the LIFO method and explain the relevance of this method.

3. To make 15 Kg. of a product, the standard materials required are as follows:

Materials Amount Price
A 10 kg @ 8
B 3 Kg. @ 10
C 2 Kg. @ 12

During the month of July, 1,500 Kg. of the product was produced. The actual materials consumed were as follows:

Materials Amount Price
A 900 kg @ 7
B 400 Kg. @ 8
C 200 Kg. @ 10

Calculate and interpret whether the variance is favourable or unfavourable:

a. Material Cost Variance

b. Material Price Variance

 

Prepare a stores ledger account using the LIFO method and explain the relevance of this method

13 Sep
MBA Assignment Admin 0 Comment Cost and Management Accounting ,

Cost and Management Accounting

1. Ashish had joined the labour control and payment system of Navneet Ltd. He was asked by his manager to prepare a report on the various activities involved in the cost accounting for the labour. Provide various inputs that he has to keep in mind while preparing the report.

2. ABC Ltd uses the LIFO method for recording inventory. The details of the company are as follows:

Jul-14 Particulars
1 Opening balance 400 liters @ ₹28.00 per litre
4 Purchased 300 liters @ ₹27 per litre
7 Issued 200 litres
10 Issued 300 litres
22 Purchased 490 liters @ ₹25.00 per litre
25 Issued 300 litres

Prepare a stores ledger account using the LIFO method and explain the relevance of this method.

3. To make 15 Kg. of a product, the standard materials required are as follows:

Materials Amount Price
A 10 kg @ 8
B 3 Kg. @ 10
C 2 Kg. @ 12

During the month of July, 1,500 Kg. of the product was produced. The actual materials consumed were as follows:

Materials Amount Price
A 900 kg @ 7
B 400 Kg. @ 8
C 200 Kg. @ 10

Calculate and interpret whether the variance is favourable or unfavourable:

a. Material Cost Variance

b. Material Price Variance