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1. Describe and appraise the roles of management accounting in planning, control and decision-making. 2. Identify the major differences and similarities between financial and managerial accounting. 3. Using managerial accounting tools for planning and control, with particular emphasis on short term planning. 4. Explain the various costing systems used by organizations for control, planning and decision making and be able to calculate product costs using conventional and contemporary approaches to costing. 5. Identify the information needs and produce financial analyses for a range of decisions such as pricing, product mix and outsourcing. 6. Develop budgets and long-term financial plans. 7. Critically evaluate the role that standard costing plays in planning and control and be able to Calculate and interpret standard cost variances. 8. Apply management accounting techniques and knowledge of product costing and budgeting systems.
Critically describe whether Return on investment or Residual income should be used to assess managerial performance.
The journal entry to record the allocation of any underapplied or overapplied overhead for August would include -Evaluate the contribution margin per unit
Evaluate the total cost of the work in process inventory on January 31. Determine the cost of jobs completed during January, and show the proper journal entry to reflect job completion.
Estimate the company's total variable cost per unit and its total fixed costs per year and compute the company's contribution margin for July.
pacific airlines has three service departments ticketing baggage handling and aircraft maintenance. costs of these
Determine the breakeven point in units and dollars. Also, determine the number of units and dollars that need to be sold to make a target profit of $5,000 a month and identify what types of trends you should be aware of in the industry and who the..
Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why? Explain how the supply chain and the macroeconomic environment of the health care business fit in with your calculations?
best estimate of the total contribution margin when 4,300 units are sold - What was Indiana Corporation's net operating income for the year using variable costing?
HOHO (Help Our Homeless Offspring) is a charity that works at reuniting homeless children with their families. It also operates numerous halfway homes for their care, counselling and shelter.
today many companies face budgetary challenges on a continual basis. two critical aspects that businesses lack are
Evaluate the comment by the accountant of HAR in respect of the deductibility of expenses and outgoings under Hong Kong salaries tax and profits tax.
Contrast the 3 major classes of tax bases, also addressing economic bases. Examine various methods of government financing in their budget, and give a synthesis of the strengths and weaknesses of these methods, as well as their long term effects.
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