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ACT507 Accounting for Managers Assignment
Here, students will find important information regarding their assessment 2 of Accounting For Managers.
This is an individual assignment and students are need to solve all three problems mentioned below.
The value of this assignment is 40% and contains 40 marks.
To answer these problems, you will be provided different case scenarios.
Marks for this problems is 12 and you need to complete it in about 600 words.
i. Explain how faster processes can be applied in areas such as engineering and administration. How can reduced process times in these areas help a company be more competitive? (4 marks, max. 200 words)
ii. Explain why improved quality is essential to a company that is able to work faster and reduces process times. (4 marks, max. 200 words)
iii. What are potential problems that may arise from the increased speed of processes? (4 marks, max. 200 words)
Marks for this problems is 6 and you need to complete it in about 250 words.
Comment on Steve’s observation. What conflicts are created when a company determines its manager’s bonuses based on net profit alone? (6 marks, max. 250 words)
Marks for this problems is 6 and you need to complete it in about 300 words.
i. In general, what do these variances indicate regarding production costs for the period? (3 marks, max. 150 words)
ii. What further information would management find useful in analyzing production costs and variances for the period? (3 marks, max. 150 words)
Marks for this problems is 16 and you need to complete it in about 500 words.
Always Right is a manufacturer of calculators. In the budget-setting process, Budget A was put together by lower and middle management. Budget B was put together by senior management.
Less Variable expenses
Variable selling and administrative expenses
Total Variable expenses
Less Fixed expenses
Selling and Administrative
Taxes and Interest
Total fixed expenses
Net profit (loss)
i. Calculate the cost per unit for the variable costs and present the result in a table form. (4 marks, max. 100 words)
ii. Why do you think budget A has high costs and low sales forecasts? (4 marks, max. 100 words)
iii. Why do you think budget B has low costs and high sales forecasts? What are the behavioral implications of this top-down approach? (4 marks, max. 150 words)
iv. How should the two groups participate to come to a consensus on the budget? What are the advantages of this approach? (4 marks, max. 150 words)
Problems faced by students in completing this assessment
Students may face various problems while writing this assessment including making reference list, lack of academic writing skill, and in calculating the budget cost. Such students can take help and guidance from our account experts. Our experts will help you in getting good grades in your academics.