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Guidelines and Requirements For The Project of Managerial Accounting

This document outlines requirements for a project in managerial accounting. Students must select a hypothetical manufacturing company and apply a costing method to calculate manufacturing overhead. They must then prepare a master budget, financial statements, and analyze break even points, margin of safety, and operating leverage. Finally, students must modify assumptions to account for an economic downturn, prepare flexible budgets, and identify variances with justifications.

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aamir ali
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39 views1 page

Guidelines and Requirements For The Project of Managerial Accounting

This document outlines requirements for a project in managerial accounting. Students must select a hypothetical manufacturing company and apply a costing method to calculate manufacturing overhead. They must then prepare a master budget, financial statements, and analyze break even points, margin of safety, and operating leverage. Finally, students must modify assumptions to account for an economic downturn, prepare flexible budgets, and identify variances with justifications.

Uploaded by

aamir ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Guidelines and requirements for the project of Managerial Accounting

1. Select any hypothetical manufacturing company, and assume required data i-e direct material,
direct labor, and other manufacturing and non-manufacturing expenses.
2. Apply manufacturing overhead through traditional or ABC costing method, whichever is
appropriate and justify why u have applied particular method.
3. Prepare master budget at four quarter and its total for year and also prepare financial
statements for year.
4. Calculate Break even in units and in Rupees and also prove that break even by making the
income statement. Calculate and interpret the margin of safety, operating leverage.
5. Assume that economy will not perform well, so you are required to make expected changes in
sales, price, cost or any other component which seems to be effected by economic downturn.
6. Assume the data (other than earlier data) in order to prepare income statement (assumed to be
real) and prepare the performance report by comparing with flexible budget.
7. Identify the variances and justify the possible reasons for those variance.

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