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

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Stuck on Your Question?

Get 24x7 live help from our Top Tutors. All subjects covered.

loader
250 words

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Students Who Viewed This Also Studied

30 Pages
MBS 669 Management Accounting

Question Which of the following is not an objective of management accounting? A. Providing information for decision making. B. Providing information for planning. C. Providing information for profit a ...

Type

Home Work

Subject

Accounting

University

Singapore University of Social Sciences

0 Page
ARKA Ltd Tourism Company

...

Course

BFA201

Subject

Accounting

University

University of Tasmania

Season

Spring

130 Pages
ANL201 Data Visualisation for Business

Question 1 Read the Microsoft 2019 Shareholder Letter, before working on this assignment. Please also refer to Microsoft 2019 Annual Report (https://www.microsoft.com/investor/reports/ar19/index.htm ...

Type

Programming

Subject

Accounting

University

Singapore University of Social Sciences

262 Pages
Communication Technology

Running head: MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING Name of the student Name of the university Student ID Author note MANAGEMENT ACCOUNTING 1 TABLE O ...

Course

6IM997

Subject

Accounting

University

University of Derby

Season

Spring

BMAF3033 management accounting

Question

Answered

QUESTION 1

 

Goodman Group Bhd operates two decentralized profit centres: Cherry (C) and Strawberry (S).  Cherry produces three products: Rose (R), Lily (L) and Teratai (T).  Strawberry produces three products: Gree (G), Mellow (M) and Vivy (V).  The following additional information is available:-

 

For Cherry:

· 40% of R is sold externally at an average price of RM39

· 60% of R and all of L and T are sold to Strawberry

· The variable cost per unit (RM) is: R 18, L 39, T 54

· The labour content (hours) are: R 4.5, L 4.5, T 4.5

· Production capacity is 270,000 direct labour hours.

· The minimum direct labour hour required for each product is 67,500

· The fixed overheads (RM) are: R 225,000; L 315,000; T 540,000

 

For Strawberry:

· The three products G, M and V use R, L and T in the following amounts.  G uses 5 of R and 5 of L; M uses 3 of R, 5 of L and 2 of T; and V uses 2 of R and 8 of T.

· The selling prices (RM) are: G 840, M 885, V 1,020.

· For each product a minimum of 1,500 units must be sold each year.

· It could buy all of R, L and T produced by Cherry.

· The variable cost (RM) per unit is: G 90, M 75, V 135.

· Fixed overheads (RM) are: G 180,000; M 270,000; V 360,000.

· It has been operating below capacity due to product R being sold externally.

 

The policy is if a product is sold externally then the transfer price will be the average price, and for internal transfer the transfer price will be the variable cost plus minimum fixed overhead plus 10% profit on cost.  The group management has ordered that sale externally be stopped.

 

 

Required:

 

a) Calculate the transfer prices, the production schedule and the profit center profit for Cherry.

 

 

b) For Strawberry, calculate the quantities of R, L and T to be bought from Cherry, the production schedule and the profit center profit.

 

 

c) Calculate the production schedule and the group profit for the group.

 

 

 

 

BMAF3033 management accounting

Answer in Detail

Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

66 More Pages to Come in This Document. Get access to the complete answer.

MyAssignmenthelp.com boasts a team of talented and highly skilled coursework writers based in UK who assist students in the best possible manner. Students, who need coursework help, find our services fulfilling and effective because we provide high quality help at affordable price. So, students who often search can someone do my coursework cheap or can experts Write my coursework for cheap get perfect solution at MyAssignmenthelp.com. They pay for best coursework and get it from us.

More BMAF3033 BMAF3033 management accounting: Questions & Answers

Q
icon

We aren't endorsed by this University

MBS 669 Management Accounting

Question Which of the following is not an objective of management accounting? A. Providing information for decision making. B. Providing information for planning. C. Providing information for profit and loss statements. D. Providing information for control. E. Motivating managers towards achieving o ...

View Answer
Q
icon

We aren't endorsed by this University

ARKA Ltd Tourism Company

...

View Answer
Q
icon

We aren't endorsed by this University

ANL201 Data Visualisation for Business

Question 1 Read the Microsoft 2019 Shareholder Letter, before working on this assignment. Please also refer to Microsoft 2019 Annual Report (https://www.microsoft.com/investor/reports/ar19/index.html) for more information on the company. (a) Describe Microsoft’s Mission statement (b) Mic ...

View Answer
Q
icon

We aren't endorsed by this University

Communication Technology

Running head: MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING Name of the student Name of the university Student ID Author note MANAGEMENT ACCOUNTING 1 TABLE OF CONTENTS 1. INTRODUCTION ................................ ................................ .. ...

View Answer

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.

Choose Our Best Expert to Help You

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?