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 نقدم لكم حل واجبات #BE310-#B293 #BE211- #BE220 #DD202a- #B203a

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Mai Mansy
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عدد المساهمات : 8
نقاط : 24
تاريخ التسجيل : 08/04/2018

مُساهمةموضوع: نقدم لكم حل واجبات #BE310-#B293 #BE211- #BE220 #DD202a- #B203a   الأربعاء أبريل 11, 2018 8:16 pm





Arab Open University
BE211/4 – Introduction to Managerial Accounting
TMA – Second Semester 2017 - 2018
Cut-Off Date: As decided by the Deanship

About TMA:
The TMA covers the management accounting concepts and practices in the businesses. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended to assess students’ understanding of some of the learning points within chapters 16, 20, 22 and 24. This TMA requires you to apply the course concepts. The TMA is intended to:
 Assess students’ understanding of key learning points within chapters 16, 20, 22 and 24.
 Increase the students’ knowledge about the reality of the cost and management accounting as a profession.
 Develop students’ communication skills, such as essay writing, analysis and presentation of material.
 Develop the ability to understand and interact with the nature of the managerial accounting tools in reality.

The TMA:
The TMA requires you to:
1- Review various study chapters of ’Financial & Managerial Accounting’ Book and apply some of the concepts within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,200 words (800 words for Part A and 400 words for Part B). The word count excludes headings, references, title page, and diagrams.
4- You should use a Microsoft Office Word and Times New Roman Font of 12 points.
5- You should read and follow the instructions below carefully. Each part of the process will carry marks for the assignment.

Criteria for Grade Distribution:
Criteria Content Referencing Structure and Presentation of ideas Total marks
Part A Part B
Role of management accounting for Trendy Computing Services Budgeting & performance evaluation for JFL Enterprises
Marks 50 50 (5) (5) 100




Part A

Role of Management Accounting for Trendy Computing Services

Trendy Computing Services (TCS) is one of the leading computer service providers in Gulf Countries. It has headquarters at Oman and operating branches throughout the Gulf Countries. Trendy Computing Services (TCS) started its operations as a service company that specialized in providing computer related services like networking, software installation, maintenance of computer systems etc. Later it became a merchandising company for computers.

The company has always been using the professional knowledge, skills of its management accountant while making important decisions. They always felt that the need for management accounting system for effective decision making and implementation of their strategies.

(a) Role of Management Accountant in Decision Making process adopted at Trendy Computing Services

The decision-making process and the role of management accountant in it at TCS has been summarized as below:


(Source: hafeezrm, hubpages, 2018)
(b) Merchandising Operations of Trendy Computing Services

TCS provides you with the following information pertaining to its merchandising activities for 2017:

Particulars Amount ($)
Selling and Administrative expenses 194,000
Purchases 312,000
Sales Revenue 552,000
Merchandise inventory January 1, 2017 30,000
Merchandise Inventory December 31, 2017 49,000



(c) Manufacturing Operations of Trendy Computing Services

Later, in 2017, the company had become a manufacturing company of various parts of computers. The following are some of the cost and sales details for the period June 2017

Particulars Amount ($)
Selling and Administrative expenses 120,000
Manufacturing Expenses (overheads) 60,000
Cost of direct labour 90,000
Sales Revenue 450,000
Cost of Materials Used 140,000
Work in Progress inventory - 1st Jan 2017 70,000
Work in Progress inventory – 31st Dec 2017 60,000
Merchandise inventory (finished goods) 1st Jan 2017 40,000
Merchandise Inventory (finished goods) 31st Dec 2017 30,000


(d) Expansion Plans of Trendy Computing Services (TCS)

TCS wants to expand its business activities drastically from 2018 onwards. The management accountant of TCS has provided some estimates about its future expansion as below:

Fixed Costs $ 3,300,000
Contribution Margin 75% of Revenues


(e) New Product Y – TCS’s new offering

The company has been considering expanding its operations. It wants to include product Y in its operations. The company has estimated the variable, fixed costs and expected production (units) for product Y as below:

Cost Information Requirements Cost per unit (output) ($)
Direct Materials 8 units @ $ 3 per unit $ 24
Direct Labour 10 hours @ $ 7 per hour $ 70
Estimated Production (units) 20,000 units
Fixed Costs $ 720,000
Selling price per unit $ 130








Required

(1) In order to perform business operations effectively, the role of management accountant is inevitable. In light of the above,

Discuss the role of management accountants highlighting the usefulness of management accounting for an organization like TCS (15 marks)

(2) Prepare an income statement for Trendy Computing services as it is a merchandising company (as given in (b) above) in 2017. Show the cost of goods sold calculations clearly here. (5 marks)

(3) Prepare an income statement for Trendy Computing services as it is a manufacturing company for the year 2017 (taking information given in (c)) (10 marks)

(4) Based on the management accountants estimates (estimates as given above in d) on the expansion project

(i) Compute the breakeven sales in money value (in dollars $) for TCS (5 marks)

(ii) Calculate TCS’s operating income (or) operating loss if their estimated revenues will be $ 4,200,000 and $ 8,400,000 for the year 2018. (5 marks)


(5) Based on the information given above in (e), (new product Y), compute the following:

(i) BEP in units (5 marks)

(ii) Estimate the sales (units) needed to achieve the desired profit $ 180,000 (5 marks)

(15 + 5 + 10 + 5 + 5 + 5 + 5 = 50 marks)

Part B
Budgeting and Performance Evaluation for JFL Enterprises

JFL Enterprises furnishes following information pertaining to its Sales, inventories and its costs for the first quarter of year 2018
Information January February March April
Sales (units) 80,000 96,000 64,000 72,000
Ending Inventory expected (units) 50% of sales units of the following month
Beginning Inventory expected (January) (units) 30,000
Selling price per unit $ 160 $ 160 $ 160
Direct labour hours per unit 4.00 4.00 4.00
Direct labour hourly rate $ 15 $ 15 $ 15
Direct material (material X) needed for one unit of output 1 unit 1 unit 1 unit
Price of Material X (per unit) $ 10 $ 10 $ 10

Divisional Performance Evaluation using residual income at JFL Enterprises

JFL Enterprises has two divisions, Division J and Division F. Operating results for the two divisions are as follows:

Information Division J Division F
Net Operating Income $ 100,000 $ 120,000
Average Operating Assets $ 500,000 $ 800,000

The required rate of return, which is the cost of capital, for the JFL Enterprises is 18%.

Required

1. Based on the information given above for JFL Enterprises, prepare
(i) Production Budget
(ii) Direct labour cost and Direct Materials Cost budget
(iii) Contribution Margin Budget (25 marks)


2. Evaluate the performance of Division J and Division F using residual income as a measure of performance and comment on the results. (10 marks)


3. The CEO of JFL Enterprises wants to have cost, investment, profit and revenue centers within JFL Enterprises. He asks you to explain about these centers in detail to him.

Required

Present the significance of each of these centers (cost, revenue, profit and investment) to the CEO of JFL Enterprises. (15 marks)

(25 + 10 + 15 = 50 marks)




End of TMA Questions


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