2 session context information for workspace manager

... either: overtime 100 × 1·5 × 12 = £1,800 100 production of X (100 ×12) + (—— ×4)= 1,400 2 therefore it is cheaper to take the hours from the production of X 17 A 18 C Volume variance Budgeted ... ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– The total amount for overheads in production centre 1 is £2,906 and in production centre 2 is £4,094 (b) Centre 1 ... it uses both the increased EOQ and a reduced purchase price price MR ≥ MC at 1,300 units, therefore profits will be maximised at this point which is a selling price of £45 2C D C o h 2 200 12

Ngày tải lên: 06/08/2019, 11:24

... 10,000) – 1,000 x £2 = £92,000 – £2,000 = £90,000 unit 150,000 The profit per unit for product A is £4 and for B is £10 3 (a) A service centre is a department that does not directly produce units ... set-up It would not, therefore, be sensible to allocate costs per unit since that is not how the cost is incurred It is, however, better to use the number of set-ups for this particular cost to ... 4b = 30,000 (3 x 1,000) + 4b = 30,000 3,000 + 4b = 30,000 therefore 4b = 30,000 – 3,000 giving 4b = 27,000 so b = 27,000/4,000 therefore b= 6,750 units The optimal production plan is to make 1,000

Ngày tải lên: 06/08/2019, 11:24

... with regard to a management information system (MIS)? An MIS is (i) a database system (ii) used for planning, directing and controlling activities (iii) a hierarchy of information within an organisation ... 23 The following information for advertising and sales has been established over the past six months: Using the high-low method which of the following is the correct equation for linking advertising ... correct? A Qualitative data is numerical information only B Information can only be extracted from external sources C Operational information gives details of long-term plans only D Data can be

Ngày tải lên: 06/08/2019, 11:24

... following information was available for the last month: Opening stock 300 units, 100% complete for materials and 70% complete for conversion costs Closing stock 450 units, 100% complete for materials ... apportioned to these centres as follows: Information regarding how the service centres work for each other and for the production centres is given as: Information concerning production requirements ... be maximised? A B C D 15 The following information has been obtained for sales of two products for a three year period: What is the Paasche quantity index for 2002? A 0·86 B 0·89 C 1·19 D 1·20

Ngày tải lên: 06/08/2019, 11:24

... mark for each 2 ––– 10 ––– 2 (a) Three total variances – 1 mark for each 3 (b) Rate and efficiency variances – 11/2 marks for each 3 (c) Four causes (two for each variance in (b)) – 1 mark for ... costing are being carried forward under absorption costing to be written off against profits in later years Trang 9Part 1 Examination – Paper 1.2 Financial Information for Management June 2004 ... Trang 1AnswersTrang 3Part 1 Examination – Paper 1.2 Financial Information for Management June 2004 Answers Section A 1 A 2 D 3 C 4 C 5 D 6 C 7 B 8 A 9 D 10 D 11 D

Ngày tải lên: 06/08/2019, 11:24

... information, it would be the person responsible for sales in the organisation This could be the sales manager or marketing manager In a large divisionalised company it may be the divisional manager ... who should receive the information generated by any system in an organisation should be the person with responsibility for that aspect or part of the business to which the information relates In ... for the current year: (i) Contribution per unit £50 x (75 ÷ 25) = £150 £’000 (ii) Total contribution (5,000 x £150) 750 Less Total fixed costs (5,000 x £70) (350) –––– –––– (b) Calculations for

Ngày tải lên: 06/08/2019, 11:24

... is no work in progress in process II Information for last month for each process is as follows: Process I Opening work in progress 200 units (40% complete for conversion costs) valued in total ... been asked to quote a price for a one-off contract The company’s management accountant has asked for your advice on the relevant costs for the contract The following information is available: Materials ... in stock which will be used on the project 8 The stock records for one specific stores item for last month show the following information: The stock at the beginning of last month consisted of

Ngày tải lên: 06/08/2019, 11:24

... overhead variance for last month? The following information relates to questions 8 and 9: A company operating a standard costing system has the following direct labour standards per unit for one of ... overhead for production cost centre P? (50 marks) Trang 10Section B – ALL FIVE questions are compulsory and MUST be attempted no work in progress The following information relates to Process X for ... revenue for the month just ended was £678,500 Required: (a) Calculate the sales price and sales volume profit variances for the month just ended. (4 marks) One of the qualities of good information

Ngày tải lên: 06/08/2019, 11:24

... materials used by Murgatroyd Ltd This would be the manager responsible for purchasing (sometimes referred to as the Buying Manager or the Procurement Manager) (ii) The standard quantity per unit is ... Standard quantity for actual production (c) (i) The standard price per litre is set by the person in the organisation with the specialist knowledge about the prices charged by suppliers for the raw ... incremental labour cost of weekend working is £4,500 (250 ×£18) and being higher than £3,250 is therefore not relevant Realisable value in six months £5,000 Trang 522 B Branch Z makes a net contribution

Ngày tải lên: 06/08/2019, 11:25

... alternative forgone in a situation of choice Opportunity costs are relevant costs In the situation of Pointdextre Ltd, if it goes ahead with the new business (that is the decision) then it will lose (forgo) ... the objective function line has been shown on the above graph for a total contribution of £9,000 (assumed) Thus 15X + 12Y = 9,000 Therefore when X = 0, Y = (9,000 ÷ 12) = 750 and when Y = 0, X = ... contribution (£50,400 from producing 4,200 units of Y and no units of X) and is therefore the optimal solution (as before) Standard cost of actual production [12,500 ×(11 + 24 + 18)] 662,500 ––––––––

Ngày tải lên: 06/08/2019, 11:25

... correct? (i) Strategic information is mainly used by senior management in an organisation (ii) Productivity measurements are examples of tactical information (iii) Operational information is required ... role in department M? A A cost centre manager B An investment centre manager C A profit centre manager D A revenue centre manager Trang 10The following information relates to questions 24 and ... profit for the company? A £10,000 B £20,000 C £40,000 D £50,000 23 Reginald is the manager of production department M in a factory which has ten other production departments He receives monthly information

Ngày tải lên: 06/08/2019, 11:25

... Information for last month for each process is as follows: Process I Process II Required: (a) Prepare the Process I account for last month. (5 marks) (b) Calculate in respect of Process II for ... The following information relates to a manufacturing company for next period: Using absorption costing the profit for next period has been calculated as £36,000 What would the profit for next period ... regression line y = a + bx using the information on the formulae sheet at the end of this examination paper: Which statements are correct? 19 The correlation coefficient (r) for measuring the connection

Ngày tải lên: 06/08/2019, 11:25

... management information system:(i) It is used only by top and middle management to aid in strategic and tactical decision-making (ii) It generates both financial and non-financial information (iii) ... The following information relates to questions 17 and 18: The standard direct material cost for a product is £50 per unit (12·5 kg at £4 per kg) Last month the actual amount paid for 45,600 kg ... before making a final decision to buy in components from Sergeant Ltd for next month. (3 marks) (9 marks) 4 Yeomen Ltd uses process costing and the FIFO method of valuation The following information

Ngày tải lên: 06/08/2019, 11:25

... is trying to predict the quarterly total maintenance cost for a group of similar machines She has extracted the following information for the last eight quarters: Total maintenance Production ... when 1,500 units are sold? 4 The following production and total cost information relates to a single product organisation for the last three months: The variable cost per unit is constant up ... an order for the item is £20 What is the Economic Order Quantity (EOQ) for the stock item to the nearest whole unit? A 1,730 B 1,894 Trang 48 A company determines its order quantity for a raw

Ngày tải lên: 06/08/2019, 11:25

... during which the business shuts down for the day, and the information from the stock-take is used to check that the store bin cards are correct The stock-take information is also used to prepare ... account for a month for Oathall Limited using absorption costing Clearly show the valuation of any stock figures. (6 marks) (b) Prepare the budgeted profit and loss account for a month for Oathall ... – 2,000 D 3,000 2,200 – The following information relates to questions 6 and 7: A company has established the following budgeted fixed overheads for the forthcoming period: £’000 Bases of apportionment

Ngày tải lên: 06/08/2019, 11:25

... provision Trang 12clarifying the information gathering powers available to the GTD for lecting information for exchange of information purposes This amendment entered into force on 1 January 2015 As ... are not authorised but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence fore-of a domestic tax interest ... and exchange of information for tax purposes All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports For more information on the

Ngày tải lên: 03/01/2020, 09:28

... and exchange of information for tax purposes. All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports. For more information on the ... are not authorised but all foreseeably relevant information must be provided, including bank information and information held by fiduciaries, regardless of the existence fore-of a domestic tax interest ... and exchange of information for tax purposes All review reports are published once approved by the Global Forum and they thus represent agreed Global Forum reports For more information on the

Ngày tải lên: 03/01/2020, 09:28

... order to collecting information However, the secondary data only help the researcher understand the framework and theories around the topic, and is not updated information Therefore, in order to ... IN VIETNAM’S SHIPBUILDING INDUSTRY, APPLYING ACCOUNTING POLICY, SUPPLYING RELEVANT INFORMATION FOR FINANCIAL MANAGERS: A CASE STUDY ON VINASHIN (VIETNAM SHIPBUILDING INDUSTRY GROUP) BY NGO VIET ... two forms: (i) In physical form: It is all fixed assets used in business enterprises It includes land, buildings, property, office equipment and furniture, vehicles, etc (ii) In monetary form:...

Ngày tải lên: 13/03/2014, 14:20

... Accounting for Managers: Interpreting accounting information for decision-making Paul M Collier Aston Business School, Aston University Accounting for Managers Accounting for Managers: Interpreting ... practising managers who not want to become professional accountants The book therefore has a practitioner -manager orientation The title of the book, Accounting for Managers: Interpreting Financial Information ... usefulness of accounting information and the broad spectrum of ‘users’ of that information While the primary concern of this book is the use of accounting information for decision-making, the...

Ngày tải lên: 13/12/2013, 11:32

... Charter contains the general information about the project There is no set format for a Charter Formats vary from company to company There will always be some administrative information that should ... the PM It can be based on any relevant information That information may have been defined internally, or amongst many parties Legal or formal documents may form the basis, or part of the basis ... required to convey the required information The project Scope Statement should contain at least the following information: Business Need: This description is based on the information in the Charter,...

Ngày tải lên: 01/07/2014, 23:20