Assignment GDB Solution: MGT402 Cost & Management Accounting

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MGT402 Assignment 1 Solution Fall 2017

SEMESTER FALL 2017 COST & MANAGEMENT ACCOUNTING (MGT402) ASSIGNMENT NO. 01 DUE DATE: 16 TH NOVEMBER, 2017 MARKS: 10 Assignment Topic: Inventory Valuation and Cost of Goods Sold Assignment Objective: After attempting this assignment whole-heartedly, the students will be able to:  Get understanding about Inventory Valuation Method  Get idea about the calculation of […]

MGT402 GDB Solution Spring 2017

Global Company manufactures and sells two products, product A and product B. The total monthly fixed expenses of the company are Rs.480,000. Sales price per unit of product A and product B is Rs.100 and Rs.200 and variable cost per unit is Rs.50 and Rs.80 respectively. Global’s management has set the goal to achieve the […]

MGT402 Assignment 1 Solution Spring 2017

Question No 01: (5 marks) Mr. Ikram – sole proprietor established a small company for dealing in leather products. During April 2017, company’s books of accounts show the following information as: Cost of goods manufactured                         Rs. 760,000 for 4,200 units Finished goods inventory on […]

MGT402 GDB Solution Feb 2015

Topic: Breakeven Point Learning Objectives: The students will learn through this GDB the basic mechanism of break-even analysis in small businesses working in surrounding of their daily life. Learning Outcomes: After going through this GDB, the learners are expected to apply their knowledge through break-even model to solve cost profit volume issues in their surroundings – especially in […]

MGT402 Cost & Management Accounting Assignment 1 Solution

Assignment Hibco & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job-costing system has a single direct-cost category (professional labor) and a single indirect-cost pool (audit support, which contains all costs of the Audit Support Department). Audit support costs are allocated to individual jobs using actual professional labor-hours. Hibco & Partners employs […]

MGT402 Cost & Management Accounting GDB 1 Solution Fall 2014

Graded Discussion Board Cost and Management accounting (mgt402) Dear Students! This is to inform that Graded Discussion Board (GDB) No. 01 will be opened on November 18, 2014 for discussion and last date for posting your discussion will beNovember 21, 2014. Topic/Area for Discussion Learning Objective: After going through this GDB, the students are expected to learn the mechanism […]

MGT402 Cost & Management Accounting Assignment 2 Solution Spring 2014

Rehman Sugar Mills is well known for its refined sugar. In the year of 2013, it sold 35,000 bags containing 1.75 million kilograms of refined sugar at Rs. 2,250 each bag. The variable production and operating costs for the year were; a) Purchase cost of sugarcane is Rs.15 per kg; b) Crushing process requires Rs.7 […]

MGT402 Cost & Management Accounting GDB 2 Solution Spring 2014

Foot Design Company specializes in making designers shoes in Lahore and Karachi. It sends Shoes to its agent – Shoe Mart. Company sells one article at Rs.900. Until last month, Foot Design paid Shoe Mart a commission of 10% of the shoe price paid by each customer. This commission was Shoe Mart’s only source of revenues. Shoe Mart’s fixed costs are […]

MGT402 Cost & Management Accounting Assignment 1 Solution Spring 2014

Following data relates to Foodmart Corp Company:                                                                             Rs. Sales                                                                700,000 Cost of goods sold                                           392,500 Direct Labor                                                      70,000 Administrative expenses                                      56,000 Depreciation of building                                        9,000 Bad debts                                                            2,500 Decrease in material inventory                             20,000 Increase in WIP inventory                                   15,000 Decrease in finish goods inventory                       40,000 FOH is 150% of direct labor […]

MGT402 Cost & Management Accounting GDB Solution Fall 2013

Scenario: Modern Industries (PVT) Ltd. manufactures basketballs and sells them across the country. The company’s management is desirous to boost-up the yearly profits and considering a change in the sales price of its products in this regard. The company’s management accountant has developed following information using the recent year’s published accounts:   TOTAL      UNITS Sales (200 units) Rs. 30,000 Rs.150.00 Variable […]