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HI5017 Managerial Accounting Report

Question

Answered

Task:

Question 1
 
Required:

a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? 
b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? 
c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? 
d) How does job costing in a service organisation differ from job costing in a manufacturing organisation?

Question 2
 
a) Discuss the circumstances that would require a business to change from traditional costing to ABC costing? 
b) Takulah Co. Ltd has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing:

Required:
 
i) How much overhead would be allocated to each unit under the traditional allocation method? 
ii) How much overhead would be allocated to each unit under activity-based costing?
iii) Would you recommend a change to ABC costing for this company? Justify your answer

HI5017 Managerial Accounting Report

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You are required to prepare a report for the CFO considering whether impairment of assets is an issue  requiring address for the firm. The report should, with refere ...

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Q

Required: State the amount of revenue that should be recognised by Adelaide Ltd in the financial year ended30 June 2016 for each item below. You need to justify your answer. Justify means explain in words how you calculated the figurethat you have given in your answer and why you chose that method ...

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Required: Critically evaluate the role of management accounting systems (MAS) and the provision of  accounting information for the case company by answering the 4 questions below: Questions: 1. Identify any three (3) specific examples of the different types of management accounting methods a ...

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Discuss the steps that one need to consider before accepting  to do  an audit  of the KGC Ltd, mine in PNG? ...

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