RELEVANT COSTS: | |||
R | |||
Direct Material A | 115 | ||
Direct Material B | 345 | ||
Skilled Labour | 900 | ||
Unskilled labour | 420 | ||
Supervision labour | 400 | ||
Machine overhead | 280 | ||
Other overhead | 640 | ||
Total Cost | 3100 | ||
Note | R | ||
1 | Material A to be purchased for this job will cost R23 per square meter | 115 | (Relevant cost for this order=5*23 |
2 | Cost of material B for this order=(25*15) Salvage value of (25-10)*2 to be deducted | 345 | (25*15)-(25-10)*2 |
3 | The company does not have capacity . The cost of subcontracting is the relevant cost | 900 | (100*9) |
4 | Relevant cost should be amount to be paid for this order(40*6)+(20*6*1.5) | 420 | |
5 | Since it will be within normal working hour, the relevant cost should be 20*R20 | 400 | |
6 | Relevant cost should be 20*12 plus Additional hiring cost for this order =5*8 | 280 | (20*12+5*8) |
7 | Relevant cost =160*4 | 640 | |
Which of the following is a difference between managerial and financial accounting? A. Managerial accounting reports non-monetary information whereas financial accounting reports both monetary and non-monetary information. B. Managerial accounting prepares reports monthly whereas financial accounting prepares reports annually. C. Managerial information is confidential whereas financial accounting information is publicly available. D. Managerial accounting is used by government authorities whereas financial accounting is used by stockholders.
Define Managerial Accounting and explain the difference between Financial and Managerial Accounting. PLEASE BE VERY DETAILED :)
Managerial accounting reports are
WEEK 4: MANAGERIAL ACCOUNTING Both financial and managerial accounting are important to a company’s success. Which do you think is more important and why?
Which of the following statements about managerial accounting is false? Managerial accounting is based on reliable, historical information, while financial accounting is based on relevant, forward-looking information External auditors are used to verify the reliability of financial information to the investing public o The Chief Financial Officer is responsible for managing financial risk within an organization, and both the Treasurer and the Controller typically report up to the CFO. Managerial accounting is focused on reporting the results of segments within...
Compare managerial and financial accounting, include what managerial accountants management functions are.
Different between financial accounting and managerial accounting.
Which of the following statements best describes managerial accounting? A. Managerial accounting focuses on outside investors and lenders. B. Managerial accounting focuses on information for internal decision making. C. Managerial accounting provides information for the public. D. Managerial accounting provides information for taxing authorities.
1. Why is managerial accounting important? 2. How can you use managerial accounting in real world/life? (can be opinion based)
Connect TB MC Qu. 01-77 Managerial accounting is different from... Managerial accounting is different from financial accounting in that Marge accounting THMINENCE