Answer: Introduction In the given scenario the management of the company is to decide whether to launch the new product now, or wait for few months in order to finish up with the stock of old product. If the company continues to sell the old product following would be the profit position: Particulars Amount Selling price 2020 Direct materials costs 480 Direct labour costs 610 ...Read More
Question: Discuss about the Management Accounting for Global Reporting Standards. Answer: Potential Area of Improvement in GRI Standards The main purpose of this assessment is to analyze the Global Reporting standards which are commonly known as GRI standards. The reporting framework covers significant areas which are related to environmental, social and economical consideration. The major benefit which is associated with the ...Read More
Question: Discuss About The Bifurcation Of Costs Uniform Manufacturing. Answer: Introduction: J & B Sports is a sports uniform manufacturing concern. The present case deals with only one product segment of the firm and i.e. Jerseys. The different scenario cases of sales and costs are analyzed in the present case. Bifurcation of different costs of the business: The variable costs are those costs that changes with the change...Read More
Question: Discuss About The Enterprise Structured Into Four Businesses. Answer: Introduction As an employees of Jersey management consultancy, I was tasked with preparing a report to the CEO of George Weston Foods limited. The firm is currently reviewing its budgeting system with the CEO having an interest in the Balanced Scorecard. Having attended a seminar regarding a balanced scorecard, the CEO of the George Weston Foods requ...Read More
Question: Discuss about the Implementation in a Manufacturing Company. Answer: Introduction: The current assignment deals with the provided case study of Happy Traveller Limited, which manufactures different types of luggage like simple luggage, complex luggage and other luggage. It is involved in ascertaining its product costs with the help of both traditional costing system and activity-based costing system. The first section of t...Read More
Question: Discuss about the Research on professional responsibility and ethics in accounting. Answer: Strategic and financial implications of the firm reaching its production constraint The various types of the strategic implications need to be considered as per the development of marketing strategy which has been further considered with the factors such performing marketing analysis, targeting and positioning. Some of the other con...Read More
Question: Discuss about the Advances Professional Knowledge and the Practice. Answer: Introduction The company’s business is largely affected by the government policies and government in action. The policies introduced and implemented by the government for the betterment of the economy might not be favorable for the company as in this case also. In case there is a change in government, the new government might not continue to ...Read More
Question: Discuss about the Workplace Considerations for Members in Business. Answer: Manufacturing cost flows Cost of goods manufactured schedule Opening work in progress $ 6,20,000.00 Direct material Opening raw material inventory $ 4,86,000.00 Add: Raw material purchases &n...Read More
Questions: 1. Calculate cost per unit of the two models of sewing machines under the current traditional costing system.Calculate cost per unit of the two models of sewing machines under Activity based Costing. 2. 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. Pr...Read More
Questions: 1. Calculate the following variance: Direct materials price and quantity (Efficiency) variances Direct labour rate and efficiency variances Variable overhead spending and efficiency variances Fixed overhead spending and production volume variances 2. Discuss your results and provide Rafael with recommendations on whether some of the variances should be investigated further. Answers: Answer 1 Answer i: Direct...Read More
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