Answer: Introduction Activity based costing is a costing model and technique which helps in the allocation of the indirect costs in the companies and industries to different processes. The allocation of direct costs and expenses is relatively easy as the same is directly allocated in the ratio of sales made by company. However, it is just the indirect costs which poses a problem and hence a suitable cost driver needs to be defined based...Read More
Question: Write about the Introduction to Managerial Accounting for Ethical Professional Practice. Answer: Requirement 1: The “Institute of Management Accountants (IMA)” has designed the “Statement of Ethical Professional Practice”, which needs the management accountants to follow four ethical standards and they include confidentiality, competence, credibility and integrity (Imanet.org 2018). These stan...Read More
Question: Discuss about the Contemporary Accounting Research for Law and Economics. Answer: Introduction In general, there are principally four different classes of information that a specific business enterprise portion out with diverse other business concerns. In essence, these necessarily include external drivers, specific resources and associations, stratagem along with performance. Furthermore, each and every category of ...Read More
Question: Discuss about the Empirical Analysis of Large Companies. Answer: Introduction The aim of the report is to talk about the activity-based costing model that is used by the company to reduce the cost associated with each activity of the business. Board of directors of the Blackmore’s limited which is an ASX listed company hired an accountant who can explain the details about the ABC model and how this model cont...Read More
Question: Discuss about the Estimation of Clinical Laboratory Services. Answer: Introduction: Activity Based Costing is the most celebrated tool in managerial accounting, especially in the manufacturing sector. As the name suggests, the cost allocation under this technique is based on the relationship between the activities that the concern does and the respective products. It is an improved method over the traditional appro...Read More
Question: Discuss about The Synergistic Effect of State Regulation. Answer: Introduction The current study presents a thorough analysis of the remuneration report of the company Westpac Banking Corporation (WBC) to gain understanding regarding executive pay and remuneration. This segment presents details of the performance measures that are utilized and evaluates the benchmarking and scorecards along with the use of dif...Read More
Questions: 1.Critically evaluate the consulting groups recommendation of switching the overhead assignment to an activity-based approach. 2.Verify the overhead cost per unit reported by the consulting group using direct labor hours to assign overhead. Compute the per-unit gross margin for each product. Show all workings. 3.Recompute t...Read More
Question: Discuss about the Management Accounting for OH and Direct Labour Budget. Answer: Introduction: This report briefs about a business plan. This business plan is about a manufacturing company which produces food products. In this report, financial feasibility analysis has been done over the company and the study of budget has also been done to identify the level of the profits of the company. For this report, various so...Read More
Question: Discuss about the Corporate Governance of Listed Companies. Answer: Introduction: Accounting plays a crucial role in the life of an organization. It assists an organization to make various decisions for the betterment of an organization. In this report 2 cases have been studied, in first case, the splinter sports equipment manufacturing limited has been analyzed and found that one of their production processes is o...Read More
Question: Anayse the CVP Income statement and balance sheet of Al Ain Products, Inc. Answer: Introduction Al Ain Products, Inc was formed by Shamma Zaid in 2010 to distribute nationally an input device that is pen-based and is able to provide effortless communication for the personal computers. Ms Zaid is concerned about the availability of sufficient cash to accommodate the expected growth of AAP. Further, she wants her fin...Read More
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