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Introduction to Management Accounting

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Introduction to Management Accounting together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 145. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Prepare a report (no more than 10‐pages) for Frank Burgess that addresses the following:
a) The purpose of a product costing system.
b) Preparation of a Schedule of Cost of Goods Manufactured and Cost of Goods Sold. (The
schedules may be in the appendix). Explain why some items have been excluded from the
schedules.
c) Complete the T‐accounts and determine the following:
i. Work in Process at the end of April;
ii. Raw materials purchased in April;
iii. Overhead applied in April;
iv. Cost of Goods sold in April;
v. Raw materials used in April; and,
vi. Over‐ or under‐applied overhead in April.
d) Discuss how overheads can be over‐ or under‐applied and how the company should deal
with the over‐ or under‐application.
e) Evaluate whether ABC should be introduced. (Hint: remember to consider both the costs and
benefits of any action recommended.)



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