Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Managerial Accounting Expert

ASSIGNMENT: ONE

Chimanga Changa Ltd makes one product in a single process. The details of the process for period 2 were as follows:

There were 800 units of opening WIP valued as follows:
Material                           K98,000,000
Labour                             K46,000,000
Production Overheads     K7,600,000

During the period 1, 800 units were added to the process and the following costs were incurred:
Material                            K387,800,000
Labour                              K276,320,000
Production Overheads      K149,280,000

There were 500 units of closing WIP, which were 100% complete for material, 90%complete for labour and 40% complete for production overheads.

A normal loss equal to 10% of new material input during the period was expected. The actual loss amounted to 180 units. Each unit of loss was sold for K10,000 per unit. Chimanga Changa uses weighted average costing.

(a) Prepare the process A/C

(b) Describe the distinguishing characteristics of production systems where: (i) Job costing techniques would be used and where (ii) process costing techniques would be used.

(c) Critique the assertion that job costing produces more accurate product cost than process costing

ASSIGNMENT: TWO

The accountant’s approach to cost-volume-profit analysis has been criticsed in that it does not deal with the following:

(a) Situations where sales volumes differs radically from the production volume

(b) Situations where sales revenue and the total cost functions are markedly non-linear

(c) Changes in the product mix

(d) Risks and uncertainty

REQUIRED: describe these objections to the accountant’s convention cost-volume-profit model and suggest how they can be overcome.

Managerial Accounting, Accounting

  • Category:- Managerial Accounting
  • Reference No.:- M959
  • Price:- $70

Priced at Now at $70, Verified Solution

  • AsyU replied

    They provide me authentic solution plus 100% plagiarism content, seriously guys great job, honestly your work is really awesome... once again thank you so much...:)

Have any Question? 


Related Questions in Managerial Accounting

Task question 1 1000 wordsmather and peison 2006 report

Task Question 1 (1000 words) Mather and Peison (2006) report that public debt contracts tend to have a lower average number of accounting based debt covenants as well as less binding debt covenants relative to private de ...

Managerial accounting-you have just been hired as a

Managerial Accounting- You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company's financial statement ...

Managerial accountingvenus brewery is a craft brewery that

Managerial Accounting Venus Brewery is a craft brewery that produces a special light beer for ladies. The beer are processed sequentially in two departments (Department X and Department Y) before the final products are t ...

Accounting1 from the e-activity assess the advantages and

Accounting 1. From the e-Activity, assess the advantages and disadvantages of the continued use of the traditional relational database and then decide if businesses should be moving toward relational databases in the clo ...

Accounting assessment1 ohio corporation sells its product

Accounting Assessment 1. Ohio Corporation sells its product for $16 per unit and incurs variable costs of $10 per unit and total fixed costs of $12,000. What is Ohio Corporation's break-even point for sales of this produ ...

Your company has spent 390000 on research to develop a new

Your company has spent $390,000 on research to develop a new computer game. The firm is planning to spend $59,000 on a machine to produce the new game. Shipping and installation costs of the machine will be capitalized a ...

The facts and figures relating to irrigation corporation

The facts and figures relating to Irrigation Corporation are as follows. Irrigation Corporation produces plastic garden sprinklers. The company is preparing its budget for 2016. The first step is to plan for the first qu ...

Need research paper by december 5th 2016compose a research

Need Research Paper by December 5th, 2016 Compose a research paper that discusses the use of either the balanced scorecard or economic value added as a tool for improving organization performance. The paper must be doubl ...

Factoring resource constraints into product mix

Factoring resource constraints into product mix decisions Rose Incorporated manufactures two types of vases, small and large. The following per-unit data are available.                                                 Sma ...

Instructionsall assignments must be typed in a minimum 11

Instructions: All assignments must be typed in a minimum 11 font size into the assignment template question sheet (available on Moodle). Additional pages may be added as needed. There is no word limit, but be guided by t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro