Assignment Help on HI5017 Managerial Accounting
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The aim of this assignment is to synthesize and critically analyze information from various sources and provide recommendations to improve the operations of organizations through the application of management accounting techniques.
Managerial Accounting Assignment Help
The questions to be answered are:
Question 2 – Week 3
Tik Tok Company manufactures customized coffee tables. The following relates to Job No. X10, an order for 150 coffee tables:
Direct materials used $22 800
Direct labour hours worked 600
Direct labour rate per hour $16.00
Machine hours used 400
Applied factory overhead rate per machine hour $30.00
Required:
a) What is the total manufacturing cost for Job No. X10?
b) Calculate the cost per coffee table for Job No. X10?
c) List two uses of this unit cost information to the managers at Tik Tok Company
Question 2 – Week 5
TikTok Electronics manufactures an aluminium fibre tripod model “TRI-X” which sells for $1,600. The production cost computed per unit under traditional costing for each model in 2019 was as follows:
In 2019, TikTok Electronics manufactured 26,000 units of TRI-X. Under traditional costing, the gross profit on TRI-X was $552 ($1,600-$1,048). Management is considering phasing out TRIX as it has continuously failed to reach the gross profit target of $600. Before finalizing its decision, management asks TikTok Electronics management accountant to prepare an analysis using activity-based costing (ABC). The management accountant accumulates the following information about overhead for the year ended December 31, 2019.
Required:
1. Calculate the activity rates for each of the overhead items using the four cost drivers.
2. Using the rates in (1) determine the unit cost for TRI-X.
3. Calculate the gross profit of each model of TRI-X based on ABC costings and recommend whether or not TRI-X should be discontinued.
Question 3 – Week 6
A new company, is being established to manufacture and sell an electronic tracking device: the Trackit. The owners are excited about the future profits that the business will generate. They have forecast that sales will grow to 2,600 Trackits per month within five months and will be at that level for the remainder of the first year. The owners will invest a total of $250,000 in cash on the first day of operations (that is the first day of July). They will also transfer non-current assets into the company.
Question 2 – Week 8
Perfumes Ltd has two divisions: the Perfume Division and the Bottle Division. The company is decentralised and each division is evaluated as a profit centre. The Bottle Division produces bottles that can be used by the Perfume Division. The Bottle Division’s variable manufacturing cost per unit is $3.00 and shipping costs are $0.20 per unit. The Bottle Division’s external sales price is $4.00 per unit. No shipping costs are incurred on sales to the Perfume Division. The Perfume Division can purchase similar bottles in the external market for $3.50. The Bottle Division has sufficient capacity to meet all external market demands in addition to meeting the demands of the Perfume Division.
Required:
a) Using the general rule, determine the minimum transfer price.
b) Assume the Bottle Division has no excess capacity and can sell everything produced externally. Would the transfer price change?
c) Assume the Bottle Division has no excess capacity and can sell everything produced externally. What is the maximum amount Perfume Division would be willing to pay for the bottles? (2 marks)
d) When is it more appropriate to use market-based transfer price rather than cost-based transfer price?
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