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BFA312 Management Accounting

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Q1: Answer each item concisely. Limit your answers to 6 to 8 sentences

1.Cost planning and control is the estimation of costs, the setting of an agreed budget, and management of actual and forecast costs against that budget. Compare and contrast cost planning using cost life cycle and cost life cycle.
 
2.Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price. Based on what you learned, provide at least 3 benefits of target costing and explain each.
 
3.The Theory of Constraints is a methodology for identifying the most important limiting factor (i.e., constraint) that stands in the way of achieving a goal and then systematically improving that constraint until it is no longer the limiting factor. In manufacturing, the constraint is often referred to as a bottleneck. Explain the 5 major steps in TOC. Provide examples if possible.
 
4.TOC is useful for decisions requiring short-run accounting information. ABC information provides estimates of the long-run cost of organizational activities and cost objects, which can be useful for long-term decisions. Compare and contrast ABC and TOC method in terms of objectives, resource contrsaints, cost drivers, and major use.
 
5.Businesses that have a formal sales cycle process can have 18% more revenue growth than companies without one. It means that you might need clearly defined sales cycle stages and goals for your salespeople team to succeed. Illustrate the product life cycle and explain each of the stages
 
6.Often, different stages within the supply chain are referred to as upstream or downstream. Upstream operations are those in which the materials flow into the organization. Identify each of the major activities in the cost life cycle and explain how each of the stage complemets each other in terms of cost.

Q2: A company intends to compete on an existing company that sell running shoes at BD 145 per pair. The company believes that they are better of using a market penetration strategy that will allow them to sell a pair of running shoes at a lower price of BD 140 and can sell 5000 units at this price point. The initial investment for such product line is BD 300,000. Management expects to have 20% return on initial investment.

  1. What will be the desirable cost per unit for the proposed product using cost targeting technique?
  2. Explain what will happen to the company if it sells below the desired cost per unit.

Q3: Batelco recently launched a new sim card that can accommodate 6G connection. For this product line, the company intends to sell each sim card with after services at BD105. The marketing group believes they can sell 800 units of the same for the first year. If Batelco intends to target a profit of BD35,000 for the year, how much should be the maximum allowable cost per unit?

  1. What will be the desirable cost per unit for the proposed product using cost targeting technique?
  2. What will happen if the company increased its target profit to BD 50,000 a year?

BFA312 Management Accounting

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