Discuss the potential benefits and costs of implementing

Assignment Help Managerial Accounting

Reference no: EM131473042 , Length: word count:1000

Management accounting Assessment

Description / Requirements -

You will need to have completed topic 4, Activity-based costing to complete this part of your assignment.

The assignment has to be completed in a group of three (3) individuals from any class and/or cloud (online) students. It is the students' responsibility to form/ join a group and to ensure that the group dynamics work.

Part A of the assignment requires development of a model using a Spreadsheet and Part B has to be completed in a word document. Both excel spreadsheet and word document have to be submitted to the assignment folder.

Assignment Parts -

This assignment has two parts; part A and part B.

Part B:

You have been asked to analyze the operations of an 'Art, craft and music school' for young children, in order to determine the ways and means that you can improve the quality of the service provided while reducing the costs. You have resolved to analyze the activities provided by the school and use an Activity Based Costing system to assign costs to activities.

The list below contains potential activities from which to choose.

Art and craft activities: These activities are conducted daily as a part of the school routine. The aim of these activities to enhance the creativity of the students involved.

Music activities: This activity is conducted weekly and it aims to encourage the student's interest in music and dancing.

Learning activities: These are conducted as a part of the daily routine of the school, where the students are listening to stories and following directions as a part of games, play or other interactive activities.

Meal activities: Snacks and light meals are provided by the teachers and one food-service employee. From time to time, the students are given the opportunity to prepare their own snacks.

Free play activities: The school has allocated a time for the students to play. This can be indoors or outdoors and a few teachers observe them playing.

Miscellaneous: These miscellaneous activities include greeting the students when they are coming in and leaving the school, helping them with any of their requirements and interacting with the parents of the students.

Conferencing with the parents: This is a quarterly activity. The head teacher of the school meets and has a discussion with each student's parents for about half an hour about the progress of the students and anything else that needs to be discussed.

Required:

1. You are required to choose several activities to use for cost pools and identify cost drivers for those cost pools. Explain your choices.

2. You are required to discuss the potential benefits and costs of implementing an Activity Based Costing (ABC) system for an institution like above, using at least two academic research articles as your background research.

Attachment:- Assignment Files.rar

Reference no: EM131473042

Questions Cloud

What is the fundamental difference between timing : What is the fundamental difference between timing as defined in the traditional Brinson model and characteristic timing as defined by Daniel et al. (1997)?

Define the momentum as characteristics : The model of Daniel et al. (1997) controls for risk by creating characteristic-based benchmark portfolios. Similar to the Carhart (1999) model, the model.

Product life cycle-advertising and retail distribution : ocate article-blog posting-podcast or video clip from credible source that addresses any of topics Product life cycle-Retail distribution

Contrast the key differences between stock and fund style : Contrast the key differences between determination of a stock's style and a fund's style.

Discuss the potential benefits and costs of implementing : MAA 262 - Management accounting Assessment. You are required to discuss the potential benefits and costs of implementing an Activity Based Costing (ABC) system

Recommend one approach that an accountant could take : From the previous discussion, recommend one approach that an accountant could take in order to measure the types of complexity you identified.

Indifferent between exercising your american call option : What dividend will make you indifferent between exercising your American call option and not exercising your option?

Do you see pricelines strategy as effective or ineffective : Do you prefer Priceline or Expedia to find low travel prices? Do you prefer Priceline or Expedia to find low travel prices?

Distinguish between rbsa and cbsa : Discuss evidence associated with the outperformance of "otherwise equivalent benchmarks."

Reviews

len1473042

4/25/2017 1:59:15 AM

Need excellent quality with recent reference. Only to write part B, number of words: 1000 in total. question 1 – 200 words and question 2 – 800 words. Prepare and explain alternate product costing using job costing, variable and absorption costing, and activity-based costing systems. The completed assignment must be submitted into the allocated area on CloudDeakin under the drop-box folder on or before the due date. Only one submission per group is required. i.e. only one student submits on behalf of all the three group members. You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy. There is a discussion area on Cloud Deakin titled ‘Assignment discussion’. This area is for you to discuss the assignment. It is an area for students to help each other.

len1473042

4/25/2017 1:59:08 AM

Penalties for late submission: The following marking penalties will apply if you submit an assessment task after the due date without an approved extension: 5% will be deducted from available marks for each day up to five days, and work that is submitted more than five days after the due date will not be marked. 'Day' means working day for paper submissions and calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date. The final examination is the only hurdle requirement for this unit. If you choose not to submit this assignment, you will score zero for this assignment. For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in CloudDeakin unit site.

Write a Review

Required(*) Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages