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Question 1: Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions. The Management accountant is asked to complete a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc. What are the various types of ways the Management accountant can classify the costs by Management decisions? Describe any 5. Also, discuss the different ways in which the company can value its closing stock?
State carrying value and whether every asset/ asset class should be amortised. Identify any choice of method permitted for IP Ltd.
If the company budgets to produce 52,000 units in 2015, what are the expected total costs and expected costs per unit for 2015?
Prepare a Cash Budget for the months of February and March, using the template provided in Doc Sharing
Compute the accounts receivable balance at November 30 if the October 31 balance is $50,000
Discuss what other factors Sam Company should take into account before deciding whether or not to purchase the computerized video QC system.
Complete the above table and prepare the Purchase Budget for the first three quarters of the year. What is the starting point of preparing a production budget
Provide at least 2 examples of internal control procedures, and explain how these procedures can be implemented.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
A company that has a fiscal year-end of December 31: (1) on October 1, $31,000 was paid for a one-year fire insurance policy; (2) on June 30 the company lent its chief financial officer $29,000.
Why is calculating the predetermined overhead rate so important and compute the firm's predetermined overhead rate.
How could the selling price of the bonds be determined
The theory of constraints focuses on maximizing the rate of throughput contribution while minimizing investment and other operating costs.
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