HA2011 Accounting Management Assignment

HA2011 Accounting Management Assignment

HA2011 Accounting Management Assignment

Management Accounting is concerned with current business issues and problems involve the internal generation, interpretation of information and communication for both operational and strategic decision-making purposes.

Students will find important information and guidance regarding their Management Accounting assessment.

This assessment has 20 marks. Students need to complete this assessment in 2000- 2500 words with a maximum of 3 members in each group.

Format of the assignment

1. In this assessment cover page stating your member's name and student ID’s.

2. A table of content containing a summary.

3. The body of the assignment with sections to answers the two sections and with a section heading.

4. Conclusion

5. List of references

This assessment has 2 parts:

Assessment task part A

Activity-based costing

This assessment part contains 10 marks.

To complete this assessment part, you will provide a case study of US Bright or another similar organization.

You will find an actual case study in your assignments. We provide this case study for reference purpose only.

A partial list of activity costs and quantities of activity drivers is shown below:

                                         Cravings for Cakes list of Activities

 Activity

cost ($)

Activity Driver

Annual Quantity of Activity Driver

Prepare Annual

Accounts

5000

None Available

 

Process receivables

15000

No. of Invoices

5000 Invoices

Process payables

25000

No. of purchase orders

2500 Purchase orders

Program production

28000

No. of production

schedules

1000 schedules

Process Sales order

40000

No. of sales orders

4000 sales orders

Dispatch sales order

30000

No. of dispatches

2500 dispatches

Develop and test

products

60000

Assigned directly to

 

products

 

Load mixers

14050

No. of batches

1000 batches

Answer the following questions and construct an Excel spreadsheet to

1. Calculate the cost per unit of activity driver for the activities listed. (4 marks)

2. Based on the information in the following table, prepare a bill of activities and determine the cost per unit for Lamington (05 Marks)

3. What other costs must be added to calculate the product cost for Lamington? (01 Mark)

                               Lamington (Batch Size 1000; Annual Volume 100,000)                

Activity Consumed

Annual Quantity of Activity Driver

Process Receivables

500 Invoices

 

Process Payables

200 Purchase Orders

Program Production

100 Production Schedules

Process Sales Order

400 Sales Orders

Load Mixers

100 Batches

Operate Mixers

30 000 Kilograms

Clean Mixers

100 Batches

Move mixture to filling

30 000 Kilograms

Clean trays

2000 trays

Fill trays

100 000 cakes

Move to baking

2000 trays

Set up ovens

100 Batches

Bake cakes/pastries

100 Batches

Move to packing

2000 trays

Pack Cakes/Pastries

100 000 cakes

Dispatch Sales Order

500 Sales orders

Develop and Test product

$600 assigned directly to this prod

Assessment task part B

Budgeting

To complete this assessment part, you will provide a case study of Hawthorn Leisure Works (HLW) or another similar organization.

You will find an actual case study in your assignments. We provide this case study for reference purpose only.

Your consulting firm has been hired to help HLW to evaluate its new fee structure. Explain the following issues to report to your managing director:

1. Will HLW’s new membership plan and fee structure improve its ability to plan its cash receipts? Explain. (2marks)

2. Estimate the effect on sales revenue resulting from the planned change in fee structure for the next financial year, which starts 1 October and ends on 30 September. State any assumptions that you need to make. (5marks)

3. HLW should evaluate the new membership plan and fee structure completely before it decides to adopt or reject it. Identify the key factors that HLW should consider in its evaluation. (3marks)

Challenges face by students

In completing this assessment, student face off many different problems such as defining cost, making references, preparing a report, sales revenues, prepare budget etc. We have experts in every recommended subject by top universities. Students can take help and guidance of our technical experts to make a high-quality assignment.