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DAM561 Applied Accounting And Budgeting

tag 0 Download 7 Pages / 1,636 Words tag 10-06-2021

Question:

LO1: Assess and interpret the fundamental concepts and principles which underpin internal operational decisions within businesses.

LO2: Evaluate key aspects of the regulatory framework of accounting and finance, including its nature, content, and rationale

LO3: Assess the impact of outcomes on budgets, controls, cost behaviour, profits and operations.

LO4: Critically appraise various principles and practices required at the strategic level within businesses in terms of long term capital decisions,  cost of capital, time value of money, shareholder value, and risk management.

LO5: Analyse, assess, interpret and critique financial information and the viability of capital expenditure proposals.

LO6: Determine appropriate service and product costs, budget information, and cost bases.

The company’s capital structure weights used in calculating its weighted average cost of capital are shown in the table above. (Round answer to the nearest 0.1 %.)

1) Calculate the single break point associated with the company’s financial situation. (Hint: This point results from exhaustion of the company’s retained earnings.)

2) Calculate the weighted average cost of capital associated with total new financing below the break point calculated in part (1).

3) Calculate the weighted average cost of capital associated with total new financing above the break point calculated in part (1).

In addition, the beginning raw materials inventory for the first quarter is budgeted to be 3,120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14,820*. Each unit requires 2 kilograms of raw material that costs $4.00  Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter’s production needs. The desired ending inventory for the fourth quarter is 3,140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.

Required:

  1. a) Prepare the company’s production budget for the upcoming fiscal year.
  2. b) Prepare the company’s direct materials budget and schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year.
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My Assignment Help. 'DAM561 Applied Accounting And Budgeting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/dam561-applied-accounting-and-budgeting/economic-consequences-of-ifrs.html> accessed 06 February 2023.

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