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ACC200 Assignment Term 1 2018

tag 0 Download 11 Pages / 2,540 Words tag 10-11-2020
  • Course Code: ACC200
  • University: University Of Phoenix
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  • Country: United States

Question:

Calculations in two decimal places

1)Calculate cost per unit of the two models of sewing machines under the current traditional costing system.

2)Calculate cost per unit of the two models of sewing machines under Activity based Costing.

3)Sewing easy sells the advance model at a price of cost (under the current costing system) plus 20% and is willing to give the same selling price to the overseas buyer. The overseas buyer wants to purchase only the advance model. Prepare December 2017 Profit and Loss Statement for the advance model where (a) traditional costing is used to calculate the product cost (b) Activity Based Costing is used to calculate the product cost. Analyse why the overseas buyer is interested to buy only the advance model. In your discussion you should highlight the importance of accurate product costing.

4)Seldom will we see that the actual overhead and applied overhead is the same. Discuss why and state three ways to deal with under/over applied overhead costs.

5)What are the main benefits and limitations of ABC system?

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Total 11 pages

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[Accessed 15 August 2022].

My Assignment Help. 'Assignment Term 1 2018' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/acc200-introduction-to-management-accounting/calculations-in-two-decimal-places.html> accessed 15 August 2022.

My Assignment Help. Assignment Term 1 2018 [Internet]. My Assignment Help. 2020 [cited 15 August 2022]. Available from: https://myassignmenthelp.com/free-samples/acc200-introduction-to-management-accounting/calculations-in-two-decimal-places.html.


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