Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader

Phone no. Missing!

Please enter phone for your order updates and other important order related communication.

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

ACCY112 Operational Management Accounting

tag 0 Download 11 Pages / 2,514 Words tag 20-03-2021
  • Course Code: ACCY112
  • University: University Of Wollongong
    icon

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Australia

Question:

The following assignment contains one case study, please answer all to obtain the appropriate marks.

General Productions (GP) is a electronics manufacturing specialist. It customises electronic components for sale to various customers, including SMEs (Small Medium Enterprises) to MNCs (Multi-National Companies). As part of its strategy, it has made plans to create its own line of mobile phones. However, being a traditional outsource manufacturing business, it does not have much experience in the mobile phone manufacturing.

In the aspect of sales and marketing, the company had depended heavily on sales managers to execute whatever strategies they deem necessary. As a result, it was not uncommon for sales managers to under quote, in order to generate revenue, This practice was even more widespread due to the commissions being pegged against revenue.

During the last quarterly management meeting, the chairman had a meeting to hear out the different views of various senior management staff. Within the same dialogue, there were various contrasting views.

The chief marketing officer proposed the use of social media to market the company’s new mobile phones. He also described the prospect of tying up with the various local celebrities, as well as celebrity bloggers.

The head of research and development proposed placing more attention on developing attractive features on the new line of mobile phones. He believed that good designs will be critical in ensuring the success of these new mobile phones. These will also enable the company to price the new phones at higher premiums.

The vice president for finance disagreed about the need to invest aggressively on design and features of mobile phones. He highlighted the unnecessary risks in investing in technologies which are easily displaced by newer ones. These investments are likely to cause potential strains on cashflows, which he believed was not prudent.

Finally, the production director has disagreed on having too many product lines and shortening the product life cycle. He highlighted that the addition and removal of product lines should be carefully considered, since these will inevitably drive up the research costs. Another issue that occurred was the lack of experienced staff to help to maintain quality production output. The replacement of such staff has proven to be difficult, since the required skill sets are extremely niche.

Required:

(a) Discuss the views proposed by each member of senior management and propose how the company can best achieve growth in revenues and profits. Maximum 800 words. 

(b) Discuss the common issues in the process of establishing budget systems and suggest how the use of budgets can be helpful in cost management for the company. You should relate your answer to the given case study. Credit will be given for relating the answer to the context. Maximum 600 words. 

(c) The company frequently had difficulties in ensuring appropriate pricing and this problem was further exacerbated by sales managers who aggressively quote clients. It was not uncommon for sales managers to under quote to win deals from clients. Discuss how the ABC costing methodology can help contribute to more appropriate pricing.

(d) The vice president for finance was surprised that the gross profit had an adverse variance from budget figures. He was puzzled over whether this was the result of a change in inventory accounting method from the first-in-first-out (FIFO) basis to the weighted average basis. Discuss whether such an adverse variance will only arise from change in inventory accounting method.

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 11 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Operational Management Accounting. Retrieved from https://myassignmenthelp.com/free-samples/accy112-operational-management-accounting/social-media.html.

My Assignment Help (2021) Operational Management Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/accy112-operational-management-accounting/social-media.html
[Accessed 07 December 2022].

My Assignment Help. 'Operational Management Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/accy112-operational-management-accounting/social-media.html> accessed 07 December 2022.

My Assignment Help. Operational Management Accounting [Internet]. My Assignment Help. 2021 [cited 07 December 2022]. Available from: https://myassignmenthelp.com/free-samples/accy112-operational-management-accounting/social-media.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Please enter phone for your order updates and other important order related communication.

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?