Download CIMA Learning System 2007 Management Accounting Decision by Louise Burke, Colin Wilks PDF

By Louise Burke, Colin Wilks

The 2007 variation of CIMA's legitimate studying platforms has been written at the side of the CIMA school to completely replicate what might be validated within the examination. up to date with new case experiences and labored examples , the 2007 studying platforms supply whole learn fabric for the might and November 2007 tests. the hot version continues the preferred loose-leaf layout and includes: * perform questions all through * whole revision part * subject summaries * steered interpreting articles from a number of journals * could 2006 Q & A'sCIMA reliable studying structures are the single fabrics written and counseled by way of the CIMA school. * The professional studying platforms are the one examine fabrics counseled by way of CIMA * up-to-date to mirror alterations within the syllabus * Written by way of the Examiner and CIMA college * entire built-in package deal incorporating syllabus assistance, complete textual content, suggested articles, revision courses and large query perform

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Additional info for CIMA Learning System 2007 Management Accounting Decision Management (CIMA Managerial Level 2008)

Example text

The £20,000 fixed costs are incurred in the short term even with zero activity. Step 3. Draw the total cost line and label it. The best way to do this is to calculate the total costs for the maximum sales level, which is 1,700 units in our example. 2). The same lines for total cost and sales revenue are shown so the breakeven point and profit can be read off in the same way as with a conventional chart. However, it is also possible to read the contribution for any level of activity. Using the same basic example as for the conventional chart, the total variable cost for an output of 1,700 units is 1,700 ϫ £30 ϭ £51,000.

Product Output in units Direct material Direct labour Machine hours per unit A 120 B 100 C 80 D 120 £ per unit 40 0028 4 £ per unit 50 021 3 £ per unit 30 014 2 £ per unit 60 021 3 The four products are similar and are usually produced in production runs of 20 units and sold in batches of 10 units. QXD 5/27/06 10:55 AM Page 21 MANAGEMENT ACCOUNTING – DECISION MANAGEMENT £ Machine department costs (rent, business rates, depreciation and supervision) Set-up costs Stores receiving Inspection/quality control Materials handling and despatch 10,430 5,250 3,600 2,100 54,620 26,000 You have ascertained that the cost drivers to be used in an ABC exercise are as listed below for the overhead costs shown.

However, as we shall see it is generally accepted that marginal costing statements provide the best information for the purposes of management decision-making. Supporters of absorption costing argue that fixed production overheads are a necessary cost of production and they should therefore be included in the unit cost used for stock valuation. External financial reporting requires the use of absorption costing. If stocks are built up for sale in a future period, for example in distilling, then absorption costing smooths out profits by carrying forward the fixed production overheads to be matched against the sales as they are made.

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