Explain the importance of the management accounting

Assignment Help Managerial Accounting
Reference no: EM132706160

Abu is the production manager of Kilang Keechap in Bandar Kejora. His daily tasks demand relevant and timely information to assist him in managing the production schedules and other operation matters at the factory.

Problem a) Explain FOUR (4) features of management accounting information that are useful and helpful for him to make decisions.

Problem b) Discuss the importance of these management accounting information to Abu in assisting him to manage his daily operations.

Reference no: EM132706160

Questions Cloud

Creation of suburbs and then to suburban sprawl : Discuss the history that led to the creation of suburbs and then to suburban sprawl.
Please response - related to power instrument : Please response - things are definitely related to power instrument - they use one of the power instruments to continue to influence people and power centers
Find the maturity dates of the three notes just describes : How do Determine the maturity dates of the three notes just described. Phone Company entered into the following transactions involving current liabilities
An Instance Of A Knocked Out Tooth : The Austin emergency dentist is recognized to offer remarkable instant dental treatments for many Austin occupants.
Explain the importance of the management accounting : Kilang Keechap, Discuss the importance of these management accounting information to Abu in assisting him to manage his daily operation
How do determine the cost of goods manufactured : Determine the cost of goods manufactured during the current year: Direct materials used $20,500 Direct labor used 26,000 Factory overhead 47,600
Develop a workforce with the skills to handle iot security : Security practitioners suggest that key IoT security steps include: Develop a workforce with the skills to handle IoT security. Address each of the FOUR IoT.
Describe and critique the budgeting processes : Consider your current company, or a company, Describe and critique the budgeting processes that are used for that organization.
Discuss how it relates to national and state sovereignty : Define federalism and discuss how it relates to national and state sovereignty.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  The global motor vehicle industry

Question one:   What are the key success factors for a successful firm in the global motor vehicle industry?

  How estimate what is the break-even point

What is The break-even point? D.S Corporation produces and sells two products. In the most recent month, Product (X1) had sales of $120,000

  What disclosure requirement for listed vs non-listed company

According to amended 4th and 5th schedule of Companies Act 2017 highlight the differences between disclosure requirements for Listed and Non-Listed companies

  Give example of when a variable cost might not be relevant

In order to make good decisions, Give one example of a situation in which a fixed costs may be relevant and one when a fixed cost may not be relevant.

  Compute the gross margin as a percentage of net sales

From the following data, compute the gross margin as a percentage of net sales Sales, Sales returns and allowances,Cost of goods sold

  Prepare the journal entry to move costs to finished goods

Prepare journal entry, if required, for costs remaining in WIP. Prepare journal entry to move costs to finished goods. Prepare in good form a process report.

  What income under variable costing is

What Income under variable costing for 2020 is?Production was 24 units per year in 2018-2020. Sales were 24 units,20 units in 2019, and 28 units in 2020.

  Calculate ending inventory and cost of goods sold

During the year, Wright Company sells 470 remote-control airplan Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO.

  Describe the role of managerial accounting in a business

Due to varying business characteristics, the managerial accounting techniques applied in each business may differ. For example, a business in the start-up phase

  Calculate before the accounting period begins is called

The rate that is used to allocate manufacturing overhead to individual jobs, calculated before the accounting period begins is called the?

  Calculate the overhead absorption rate

Calculate the Overhead Absorption Rate. A manufacturing company absorbs overheads based on units produced. In one period 100,000 units

  Based on the consultants work to date calculate the abc

Based on the consultants work to date, calculate the ABC cost per unit of each product.

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd