Fundamentals of Management Accounting for Decision Makers 6th edition 7 ppt

Fundamentals of Management Accounting for Decision Makers 6th edition_1 pdf

... non-financial information CHAPTER 1 INTRODUCTION TO MANAGEMENT ACCOUNTING 24‘ Management decisions requiring management accounting informationFigure 1.9 Management accounting information is required ... usefulness of management accounting informationFigure 1 .7 There are four main qualitative characteristics that influence the usefulness of management accounting information. In addition, however, management ... and the value of providingadditional management accounting informationFigure 1.6The benefits of management accounting information eventually decline. The cost of providinginformation, however,...

Fundamentals of Management Accounting for Decision Makers 6th edition_2 pot

... 67 Margin of safety p. 67 Operating gearing (operationalgearing) p. 70 Profit–volume (PV) chart p. 72 Economies of scale p. 73 Relevant range p. 74 Marginal analysis p. 78 Marginal cost p. 78 Outsourcing ... (number of baskets) (number of baskets)Expected volume of sales 500 500BEP 250 429Difference (margin of safety):Number of baskets 250 71 Percentage of estimated volume of sales 50% 14%Margin of ... contribution to make decisions – marginal analysisUSING CONTRIBUTION TO MAKE DECISIONS – MARGINAL ANALYSIS 77 REAL WORLD 3 .7 Break-even analysis in practiceA survey of management accounting practice...

Fundamentals of Management Accounting for Decision Makers 6th edition_3 ppt

... 800Insurance of premises 200Cleaning 600Apportioned by floor area 11,600 3,8 67 4,833 2,4 17 483Cost centre overheads 17, 400 4,0 67 10, 073 2,5 97 663Reapportion GA cost by number of staff (including ... product or service.The logic of full costing is that the entire cost of running a particular facility, say an of ce, is part of the cost of the output of that of ce. For example, the rent may be ... overheads for one week tends to be about half of that for a similar two-week period. Thus, a basis of allotting overheads to jobs that takes account of the length of time that the units of out-put...

Fundamentals of Management Accounting for Decision Makers 6th edition_4 pot

... E., Management Accounting, 5th edn,Prentice Hall, 20 07, chapter 3.Drury, C., Management and Cost Accounting, 7th edn, Cengage Learning, 20 07, chapters 3, 4 and 5.Hilton, R., Managerial Accounting, ... cost per unit 43 .77 74 .00The return on sales is calculated as follows:Standard Deluxe£ per unit £ per unitSelling price 65.00 87. 00Total cost (see above) 43 .77 74 .00Profit 21.23 13.00Return ... commence production of a new model of machine for which facilities exist to produce a maximum of 10 machines each week. To assist management in a decision on the price to charge for the new machine,...

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Fundamentals of Management Accounting for Decision Makers 6th edition_5 pot

... (31)Closing balance 65 67 70 67 60 57 This, again, could be set out in any manner that would have given the sort of informationthat management would require in respect of planned levels of trade payables ... 600October 70 0 650November 75 0 70 0December 75 0 800January 75 0 75 0During the period, the business plans to advertise so as to generate these increases insales. Payments for advertising of £1,000 ... senior management is aware of the potentially threatening nature of this form of budgeting, care can be taken to apply ZBB with sensitivity. However, in the quest for cost control and value for...

Fundamentals of Management Accounting for Decision Makers 6th edition_6 docx

... 2 ,70 0 3,200 3,000 2 ,70 0 2,500 2,4006,000 6 ,70 0 7, 700 7, 500 7, 200 7, 000 6,900The following further information is available:1 There will be inventories of finished units at 1 January of 7, 000 ... M., Management Accounting, 5th edn, PrenticeHall, 20 07, chapter 11.Drury, C., Management and Cost Accounting, 7th edn, Cengage Learning, 20 07, chapter 15.Hilton, R., Managerial Accounting, 6th ... variance.Activity 7. 5M 07_ ATRI3622_06_SE_C 07. QXD 5/29/09 10:38 AM Page 225 CHAPTER 7 ACCOUNTING FOR CONTROL230Using the figures in Activity 7. 4, try reconciling the original operating profit figure for June...

Fundamentals of Management Accounting for Decision Makers 6th edition_7 ppt

... actual profits of the business for the month, going into as much detail with youranalysis as the information given will allow. 7. 8CHAPTER 7 ACCOUNTING FOR CONTROL256M 07_ ATRI3622_06_SE_C 07. QXD ... goes like this:£Amount available for immediate investment 27, 778 Add Income for year 1 (20% × 27, 778 ) 5,55633,334Add Income for year 2 (20% × 33,334) 6,6 67 40,001(The extra £1 is only a rounding ... value of the £40,000 to be received in two years’ time is £ 27, 778 .PV of the cash ﬂow of year n==actual cash ﬂow of year n divided by (1 ++r)nCHAPTER 8 MAKING CAPITAL INVESTMENT DECISIONS 274 If...

Fundamentals of Management Accounting for Decision Makers 6th edition_8 ppt

... 3.6098Internal rate of return 3.3293 3 .70 73 Accounting rate of return 1.98 67 2.26 67 Response scale: 1= never, 2 = rarely, 3 = often, 4 = mostly, 5 = always.We can see that, for both non-strategic and strategic ... handled.Real World 8 .7 provides some idea of the IRR for one form of renewable energy.Real World 8.8 gives some examples of IRRs sought in practice.REAL WORLD 8.8Rates of returnIRR rates for investment ... INVESTMENT DECISIONS310 Accounting rate of return (ARR)p. 261Payback period (PP) p. 265Net present value (NPV) p. 269Risk p. 270 Risk premium p. 272 Inflation p. 272 Discount factor p. 276 Cost of...

Management Accounting for Decision Makers 6th edition_1 pptx

... (number of baskets) (number of baskets)Expected volume of sales 500 500BEP 250 429Difference (margin of safety):Number of baskets 250 71 Percentage of estimated volume of sales 50% 14%Margin of ... senior management isreviewing the performance of one hotel and making plans for next year.The managers have in front of them the results for this year (based on some actual resultsand some forecasts ... 4 3 4Contribution per machine hour £3 .75 £4.00 £2 .75 Order of priority 2nd 1st 3rdTherefore produce:20 units of product B 17 using 60 hours22 units of product B14 using 88 hours148 hoursThis...

Management Accounting for Decision Makers 6th edition_3 pdf

... cost per unit 43 .77 74 .00The return on sales is calculated as follows:Standard Deluxe£ per unit £ per unitSelling price 65.00 87. 00Total cost (see above) 43 .77 74 .00Profit 21.23 13.00Return ... is very helpful for those involved with pricing decisions to have some feel for the elasticity of demand of the commodity that will be the subject of a decision. Thesensitivity of the demand ... 9,600 12,600 2,100 1,800 7 2,300 16,100 1 ,70 0 1 ,70 0 11,900 14,900 2,300 1,2008 2,200 17, 600 1,500 1,800 14,400 17, 400 2,500 2009 2,100 18,900 1,300 1,900 17, 100 20,100 2 ,70 0 (1,200)10 2,000 20,000...

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