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Compute the cost  per  equivalent  unit  for each  product cost category  in Department  Y for  th month of February. Define equivalent unit. ...

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###### TACC605 Corporate Accounting

General requirements: The assignment should be prepared by the individual student. The assignment should use IMC TOP Assignment Cover Sheet Question 1 Share capital of OZ Ltd at 31 March 2019 was as f ...

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TACC605

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Accounting

### Question

1. Briefly explain the benefits to be derived by a company if they switch from an incremental budgeting system to a zero-based budgeting (ZBB) system. Your answer must be in your own words, which will require that you be succinct with your response.

2. ACME Enterprises is a successful new company which has turned a strong profit during its first year of operation. The company realistically predicts ongoing profitability for the foreseeable future. Given this bright forecast, should ACME’s management team engage in cash flow budgeting? Briefly explain, which will require that you be succinct with your response.3. A restaurant has an average cheque of \$14.90, with an average variable cost of \$9.81. Fixed costs are \$381,000 for that year, and the owner wants to realize a profit of \$77,181

a. Calculate the contribution margin per cheque?

b. Calculate the contribution margin as a percentage?

c. Calculate is the variable cost percentage?

d. How many cheques are required to achieve the targeted profit level?

e. What sales revenue is required to achieve the targeted profit level?

4. The daily fixed cost of the banquet department of a hotel is \$681.

A customer selected a menu for 100 persons that would have a food cost of \$10.25 per person, a variable wage cost of \$4.50 per person, and other variable costs of \$2.81 per person.

a. Calculate the total cost per person if this banquet was booked.

### HTM440 financial management

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## More HTM440 HTM440 financial management : Questions & Answers

Q

Compute the cost  per  equivalent  unit  for each  product cost category  in Department  Y for  th month of February. Define equivalent unit. ...

Q

General requirements: The assignment should be prepared by the individual student. The assignment should use IMC TOP Assignment Cover Sheet Question 1 Share capital of OZ Ltd at 31 March 2019 was as follows: 300 000 ordinary shares at an issue price of \$4 each paid to \$2.50, and 100 000 preference s ...

Q

This task is a compulsory, individual assessment item. In this task you will required to prepare answers for written questions relating to financial statements and budgets and apply this to a publicly listed company on the ASX which will be allocated to you at the beginning of Assignment 1 and have ...

Q

Please high standard,harvard reference.. No plagiarism. 1. Analytically discuss how management accounting varies from financial accounting. (400 words). 2. Analytically discuss the importance of break-even analysis with the help of a break-even chart. (500 words). 3. Evaluate the importance of any s ...

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