(Done Paper) Referencing Styles : Harvard You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculat

//(Done Paper) Referencing Styles : Harvard You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculat

(Done Paper) Referencing Styles : Harvard You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculat

You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculations and submit the solutions to Moodle using a single file, it can be Excel format, Word format or PDF format, no requirement on word limits, if use any references, please refer to Harvard style.Question 1: Differences between management accounting and financial accounting (15 Marks)You are the financial controller of a large manufacturing organization and intend to approach the … View More You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculations and submit the solutions to Moodle using a single file, it can be Excel format, Word format or PDF format, no requirement on word limits, if use any references, please refer to Harvard style. Question 1: Differences between management accounting and financial accounting (15 Marks) You are the financial controller of a large manufacturing organization and intend to approach the human resources (HR) manager seeking to create two new positions: a financial accountant and a management accountant. Required: 1 Prepare a briefing document for the HR manager which explains the differences between these two roles. 2 Formulate (and answer) the five likely questions that you anticipate the HR manager will ask you about these two positions when you meet. Question 2: Product cost classification: manufacturer (15 Marks) The following cost data for the current year relate to Heartstrings Pty Ltd, a greetings card manufacturer: Service department costs1 $ 50 000 Direct labour: wages 242 500 Direct labour: on-costs 47 500 Indirect labour: on-costs 15 000 On-costs for production supervisor 4 500 Administrative costs 75 000 Rental of office space for sales personnel2 7 500 Sales commissions 2 500 Product promotion costs 5 000 Direct material 1 050 000 Advertising expense 49 500 Depreciation on factory building 57 500 Cost of finished goods inventory at year end 57 500 Indirect labour: wages 70 000 Production supervisor’s salary 22 500 Total overtime premiums paid 27 500 Cost of idle time: production employees3 20 000 Required: Calculate each of the following costs for the year: 1 Total prime costs. 2 Total manufacturing overhead costs. 3 Total conversion costs. 4 Total product costs (for external reporting purposes). 5 Total period costs. ? Read Less

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By | 2018-08-25T18:21:43+00:00 August 25th, 2018|Business|0 Comments

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