Question

Discuss the importance of managerial accounting information to an organization and how it can be used to increase profitability?

Please discuss how the Cost of Goods Manufacturing Statement, Cost of Goods Sold Statement, and Income Statement can be used to manage an organization and increase profitability

Please discuss how to calculate and apply a predetermined overhead rate

Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain the same). Please explain the characteristics of a mixed cost and how the High-Low Method is used to calculate variable cost per unit and fixed costs. How can the High-Low Method be used to predict variable costs and fixed costs given a certain level of activity.

Please explain the characteristics of a variable cost and fixed cost and as activity increases how is the cost per unit impacted (increase, decrease, remain the same). Please explain the characteristics of a mixed cost and how the High-Low Method is used to calculate variable cost per unit and fixed costs. How can the High-Low Method be used to predict variable costs and fixed costs given a certain level of activity.

Answer 1

management accountants are insiders who Create mormal apmalysis to geviele the onerall bustness Stratrgy it helps to Support competitina ducesion making by collecting processing and Communicating information that helps wongannit to entendidas evaluate the business process and Used to increase profitability and wealth, » Cost of goods manufacturing Statement Shows the total production lost it not only includes the cost of meterial and labour, but also bolh. Vandable and fixed oit cost. x cost of goods Gold stakment complies the last of goods Bad for an accounting perische in greater eletand then in praxde is found on 'as income Statement All the three cost of goods manufacturing : Statement and cost of goods sold Statinant and income statement give a better picture about the cost incurred and profit gennitted by Sale it helps to alecrease the cost or Csonabeeh enwanted cost and inercase phrofit, CamScanner

A Pre-determined overhead rak is the rak I used to apply manufacturing overhead to work in process inventions ist es Calculated before the periode begins pt is Glenlated as The elokumined Estimated Manufactuwang oht cost 1. Rade Formula ... Estimated total dase unit. fixed lost care hosts that are inclependent of output where as Variable losts are Costs that Vong with output: generally variable costs thereages at a constant sake melahin ho labour and capital A forced cost remains the same no matter how much ocit put a company produces of forced Cost cloesuot very with the volume of production but was Variable lost will Vary with volume of production, Becomptes Vond cost in materials packaging and laboura Ford Fixed costrin Rent, Depreciation Insurance Finced cost where as per unit Variable changes with number of units cash per emit is constant. cs Scanned with CamScanner

A misud Cost home both fired and variable lost charachonishics , A minced loot Contains a fool Porhon of loch incurred euen when the facility if (dle, and variable portion that increases directly with Volume Gleekicity is an example of misced Cost, a company must incur a Cortin cost for basic elehntal electrical Senice 1. The high a low melhond nuolues taking the highest Gull of activity and the lowest level of achning and composing the total cost at each leuel. if the variable losh is a froud charge for anit and finud lost remains the same it is possible to extermine the fired and Variable lost by solving the system of equation we don Calculate fixed cost by Substracting the total vaniable lost by at a specepe achuity lequel from the total cost at that activity levela cs please willike my Auswer. X