MGT510 Managerial Accounting Module Assignment
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MGT510 Managerial Accounting
MGT510 Managerial Accounting
Module Assignment: Managerial Accounting Report
The Purpose and Context
This assignment will help you develop your understanding of the managerial accounting processes and you will earn how different accounting methods create different pictures for a company given the same data.
Case Scenario
Swipe 50 limited manufactures a specialized screen protector for laptops computers. The plus swipe is a screens protector that prevent scratches on laptop screens. The company has been in operation for 3 years and now that company has refined its production process, the directors have decided to focus on the income and cost arising from the activities. Therefore, the CFO, Tamara J. Blooms, wants to focus on product costing. She wants to look into how both absorption and variable costing affect the profits of the company. T(huenitfso)llowing information is available for the month February and March:
MGT510 Managerial Accounting
|
February |
March |
|
|
Production (units) |
12,500 |
14,500 |
|
Sales (units) |
11,500 |
15,500 |
|
Direct Materials |
€ 29,000 |
€ 33,250 |
|
Direct Labour |
€ 19,000 |
€ 22,000 |
|
Variable Production Overhead |
€ 7,300 |
€ 8,500 |
|
Total Selling and Administrative Expenses |
€ 44,500 |
€ 57,100 |
MGT510 Managerial Accounting
Additional Information
- Swipes 50 Ltd. production capacity 20,000 units per month.
- Fixed production overheads are €28,600 per month.
- Swipe 50 sells Plus Swipes at €22 each.
- On 31st January, the company’s warehouse has no Plus Swipes in inventory.
- Fixedandvariable elements(variableportion is incurredbasedonunits sold)are included
inthe total administration expenses.
Assignment Instructions
Please create a report for 50 swipes limited and please include the following in your report.
- Preparea profitstatementforSwipe50Limitedforthemonthof FebruaryandMarchusing:(20%)
- Absorption costing
- Variable costing
- Reconcilethe profitcalculatedusing absorption costingto thatusingvariablecosting.(20%)
- Explain howeachmethoddiffers fromthe othermethodandalsoexplain the importanceof the
each methods.
(20%)
- Explain three ways thatSwipes 50 Ltd. can improve its accounting systems. (20%)
- State why managing accounting jobs are important in a manufacturing company. (20%)
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MGT510 Managerial Accounting
Requirements
- 3,500 – 4,000 words with APA Format
- Double-spaced (2.0) or One and a Half (1.5) spaced
- 12 pt. Times New Roman font
- Page Number (footer, right bottom corner)
- 4 major sections: Table of Content, Title Page, Main Body, References
Mark Sheet/ Assessment Evaluation Form
Student’s Full Name: _________________________________________ Module: ____________________________________________________ Marker’s Full Name: __________________________________________
|
Section |
Marks Allocation |
Marks Attained |
Comments |
|
1. Introduction |
10 marks |
||
|
2. Body: a) Industry Knowledge and Application b) Theoretical Application |
10 marks 15 marks 20 marks 20 marks |
||
|
3. Conclusion |
10 marks |
||
|
4. Word Choice and Grammar |
5 marks |
||
|
*** Words Penalty *** |
(-5) |
||
|
5. References |
10 marks |
||
|
Total marks allocated and achieved: |
100 marks |
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