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[Solved] MGT402 Assignment 1 Spring 2021


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SEMESTER SPRING 2021

COST & MANAGEMENT ACCOUNTING (MGT402) ASSIGNMENT # 01

DUE DATE: August 4, 2021                MARKS: 10

LEARNING OBJECTIVE:

To develop an understanding regarding the Production, Functional and Master budgets

 

Question: Following information has been extracted from the books of Noor Company and the information is related to manufacturing of a product named XYZ. Following sales budget in units has been estimated based on region client age.

 

 

East Region

West Region

North Region

January

200

500

500

February

150

600

650

March

300

700

550

 

According to company policy, following will be the Finished Goods inventory in units.

 

January 1

1,500

January 31

1,400

February 28

1,300

March 31

1,700

Following material (A, B and C) and labor costs were added to manufacture XYZ.

  • Material A         2 kg @ Rs. 6 per kg (for manufacturing 1 unit)
  • Material B        10 pieces @ Rs. 2 per piece (for manufacturing 1 unit)
  • Material C        1 liter @ Rs. 10 per liter (for manufacturing 1 unit)

4 hours were required labor hours to manufacture a unit at rate Rs. 250 per hour

Required:

  1. Do you think that any change in the desired finished goods inventory on January 1 will affect the production requirement for the month of January, February and March? Justify the
  2. How production requirement for the month of January, February and March will be affected due to decrease in desired finished goods inventory on January 31. Provide justification with your No working is required
  3. Describe which functional budget(s) will be affected due to decrease in desired finished goods inventory on January 31 and how the change will reflect in the Master
  4. At the end of the first quarter; it was observed that there was difference in obtained results with budgeted It was reported that desired finished goods inventory on January 31; was 1,000 units but not 1,400 units. Prepare the direct material cost budget for the month of February. Provide complete working in proper format

 

NOTE: Discuss the affect in particular direction as mentioned in part (b) and (c) on monthly basis and quarterly as well. Recall the concept of production budget while commenting on part (a), (b) and (c)

 

IMPORTANT:

Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

IMPORTANT INSTRUCTIONS

  • Take help from internet for collecting the
  • Carefully watch relevant lectures and consult the relevant material from handouts along with recommended
  • Attempt the assignment by yourself and it will be entertained

OTHER IMPORTANT INSTRUCTIONS:

DEADLINE:

  • Make sure to upload the solution file before the due date on
  • Any submission made via email after the due date will not be

FORMATTING GUIDELINES:

  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word
  • You may also compose your assignment in Open Office
  • Use black and blue font colors

 

RULES FOR MARKING

Please note that your assignment will not be graded or graded as Zero (0), if:

  • It is submitted after the due
  • The file you uploaded does not open or is
  • It is in any format other than MS-Word or Open Office; g. Excel, PowerPoint, PDF etc.
  • It is cheated or copied from other students, internet, books, journals

Note related to load shedding: Please be proactive

 

Dear students, 

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h.muhammad sajid
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mc190204851
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MGT402 Assignment 1 Spring 2021
Today is last day please send solution
Many thanks


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admin
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MGT402 Assignment 1 Spring 2021


MGT402 Assignment 1 Spring 2021 solution idea:

 

 

Download attachment for MGT402 assignment 1 solution file.


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qurat.arfeen
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@h-muhammad-sajid ap ko solution mil gya kia is assignment k???


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irfan.asghar786
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Mila koi Solution assignment ka tu please share kr den


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irfan.asghar786
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Solution mila koi?

 


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ahmadsheraz333
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