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Assignment of Managerial Accounting
Spring 2014 Semester
Managerial accounting (MGT404)
ASSIGNMENT # 1 MARKS: 25
DUE DATE: 26THMAY, 2014
Topic to be tested: Standard Costing
Learning objectives: Students will be able to understand the effectiveness of standard costing.
Learning Outcome: after attempting the assignment; students would be able to analyze different variances for a manufacturing concern.
ABC Company is an emerging manufacturing firm. Chief financial officer (CFO) of the company has examined that traditional costing standards are no more suitable for performance measures in an emerging manufacturing environment owing to rapidly changing production technology.
Considering the facts that CFO has decided to adapt standard costing technique which helps managerial accountant to control costs by setting standard costs for direct material, direct labor and manufacturing overhead through either historical costs analysis or task analysis. This control purpose of the standard costing system is accomplished by computing a variance analysis. Standard costing system has been adopted by ABC Corporation and standard cost for its product bearing code “Product-111” shown below:
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Hello every one . MGT 404 managerial accounting k past paper mil sakty ?
agr kisi k pass hyn to mujy mail kar dyn , thanks
MGT 404 managerial accounting k past paper mil sakty ? agr hyn to mujy mail kar dyn , thanks
correct solution is attached