Accounting Question

I have attached a document from their you can start

if you have any questions let me know

Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
IN SEMESTER (INDIVIDUAL) ASSIGNMENT
Module Code: BUSS 23002
Module Name: Management Accounting for Business
Decision
Level: 2
Max. Marks: 100
Instructions to Student
 Answer all questions.
 Deadline of submission: 13.12.2023 23:59 PM
 The marks received on the assignment will be scaled down to the actual weightage of the
assignment which is 40 marks.
 Total word count 2,500 words.
 Formative feedback on the complete assignment draft will be provided if the draft is submitted
at least 10 days before the final submission date.
 Feedback after final evaluation will be provided.
Module Learning Outcomes
The following LOs are achieved by the student by completing the assignment successfully
1) Understand and apply costing models to complex business problems.
2) Critically evaluate managerial accounting models.
3) Understand and apply techniques relevant for short term decision making in a business context.
4) Identify the importance of behavioural aspects in management accounting, in relation to budgeting
and delivery of strategies
Assignment Objective
To know the understanding of students for both learning outcomes as applying costing models and
evaluating managerial accounting models.
Assignment Tasks
Case study #1
Cargo Oman LLC company, a cargo company on Oman released the following data relating to units
shipped. The information for the total shipping expense for Coolsupport LLC Company and the custombuilt air-conditioning units for commercial buildings were given in the following table.
(25 Marks)
MEC_AMO_TEM_035_04
Page 1 of 12
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
Month
Units
produced
March
4
April
7
May
5
June
6
July
8
August
9
September 3
Total shipping
expense ($)
$ 1,900
$ 2,500
$ 1,800
$ 2,200
$ 2,400
$ 2,900
$ 1,400
A. Using the high-low method, estimate a cost formula for expense.
(15 Marks)
B. Explain any four disadvantages of calculating fixed versus variable cost using the high-low method.
(10 Marks)
Case study #2
1. Techevolve LLC Company, a leading tech company is required to prepare a cost-volume-profit analysis
report for the two products, namely X and Y which were produced in its company.
(30 Marks)
Particulars
Sales price
Material
Direct wages
Variable
expenses
Fixed
expenses
Product X
Price per unit (RO)
32
13
6
100% of direct wages
Product Y
Price per unit (RO)
26
8
5
100% of direct wages
RO 1200
The following scenarios are predicted by the Management:
Scenario 1: 100 units of product X and 150 units of product Y
Scenario 2: 125 units of product X and 125 units of product Y
Scenario 3: 150 units of product X and 100 units of product Y
You are required to:
A. Compute the contribution per unit of both Product X and Product Y. Find out total contribution and
profits for each of the scenario. (5×3=15 Marks)
B. In your opinion which is the most profitable scenario and justify your recommendation.(2.5 Marks
profitable scenario + 2.5 Marks recommendations)
C. Explain about any two advantages of calculating the break-even point (10 Marks).
MEC_AMO_TEM_035_04
Page 2 of 12
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
2. Explain in brief the effect of any following changes on (i) contribution margin, and (ii) expected profit.
(10 Marks)
D. A increase in fixed costs.
E. A increase in wages rates applicable to direct, strictly variable labour.
F. A increase in the selling price of the product.
G. A increase in production volume
Case study #3
Ahmed manufacturing LLC Company is providing the following information. You are required to prepare
Cash Budget for the period of 6 months from March to August 2023. All amounts in Rials.
(35 Marks)
Month
March
April
May
June
July
August
Sales
80,000
120,000
100,000
90,000
110,000
130,000
Rent
4,500
6,000
5,000
3,000
5,000
7,000
Marketing
Expenses
2,000
3,500
6,000
2,100
3,500
4,000
Salaries
6,000
3,000
4,500
3,200
4,500
6,000
Administrative
Expenses
8,000
2,300
3,800
2,800
6,500
4,500
Additional information:
a) Cash sales 40% and 60% balance in the following month
b) Commission received RO 10,000 in the month of May.
c) Sale of Fixed Assets in the month of June for RO 4,000.
d) Purchase of Printing Machine in May RO 40,000.
e) Interest payment to bank RO 30,000 in the month of April.
f) All other expenses are paid on the 1st of next month.
g) Opening Balance for the month of January is RO 25,000.
You are required to
A. Prepare Cash Budget for the period of 6 months from March to August 2023 (20 Marks).
B. Explain any five budgeting challenges facing companies (15 Marks).
Rules & Regulations:




All resources should be cited using APA 7th edition referencing style.
The final assignment must have a Title page, Table of Contents, References/ bibliography using
APA 7th edition referencing style and page numbers.
Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of
the faculty.
Softcopy in word format is to be submitted through Turnitin link on MEC Learn (Moodle).
MEC_AMO_TEM_035_04
Page 3 of 12
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP

Viva will be conducted after the assignment submission as per the dates informed earlier.
Guidelines:

Assignment must be computer typed.

Font – Times New Roman

Font – Style – Regular

Font – Size – 12

Heading should be with Font Size 14, Bold, Capital and Underline.

Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable
software or by pencil.
Each student has to do the assignment individually.
You can refer books in E-Library or use internet resource. But you should not cut and paste
material from internet nor provide photocopied material from books. The assignment answers
should be in your own words after understanding the matter from the above resources.


Assessment Evaluation Criteria
Classification
And % Range
Outstanding
Technical / Practical Skills
Reflection and critical analysis
General / Transferable skills*
 Outstanding knowledge and
depth of understanding of
principles and concepts.
 Outstanding ability to apply
the theoretical concepts by
considering of information
systematically.
 Evidence of reading a wide
range
of
educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
 Tasks completed with very
high accuracy.
 Outstanding
skills
in
interpretation of results /
and accomplishing practical
tasks.
 Demonstrates high degree of
autonomy in completing
tasks
 Outstanding skills for critical
analysis, evaluation and
synthesizing.
 Outstanding
reflective
practices,
demonstrating
outstanding
personal
learning and growth, insight
into required professional
values and principles and
professional development
planning.
 Original Findings presented
with conviction and justified
very well
 Excellent knowledge and
depth of understanding of
principles and concepts.
 Excellent ability to apply the
theoretical concepts by
 Tasks completed with high
accuracy.
 Excellent
skills
in
interpretation of results /
 Excellent skills for critical
analysis, evaluation and
synthesizing.
 Excellent reflective practices,
demonstrating
excellent
 Outstanding ability to use
learning resources
 Outstanding presentation,
logically structured, using
accurate
grammar
and
spelling.
 Mostly
correct
crossreferencing and links to
supporting evidence
 Outstanding
ability
to
communicate
the
information verbally and in
writing.
 Outstanding ability to work in
groups and to manage
teams.
 Outstanding ability to learn
autonomously.
 Very accurate referencing
and
bibliography
using
appropriate referencing style
 Outstanding problem solving
skills
and
outstanding
decision-making skills.
 Excellent ability to use
learning resources
First Class
94 -100
Knowledge and
Understanding/
Application of Theory /
Evidence of Reading
Excellent
84 – 93.99
MEC_AMO_TEM_035_04
 Excellent
presentation,
logically structured, using
Page 4 of 12
Second Class, Upper Division
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
Very Good
77 – 83.99
considering of information
systematically.
 Evidence of beyond the
minimum expected range of
of
educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
and accomplishing practical
tasks.
personal
learning
and
growth, insight into required
professional values and
principles and professional
development planning.
 Findings presented with
conviction and justified well
 Very good knowledge and
depth of understanding of
principles and concepts.
 Very good ability to apply the
theoretical concepts by
considering of information
systematically.
 Evidence of reading a very
good number of educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
 Tasks completed with very
good accuracy.
 Very
good
skills
in
interpretation of results /
and accomplishing practical
tasks.
 Very good skills for critical
analysis, evaluation and
synthesizing.
 Very
good
reflective
practices,
demonstrating
very Good personal learning
and growth, insight into
required professional values
and
principles
and
professional development
planning.
 Findings presented with
conviction with very good
justification
MEC_AMO_TEM_035_04
accurate
grammar
and
spelling.
 Mostly correct
crossreferencing and links to
supporting evidence
 Excellent
ability
to
communicate
the
information verbally and in
writing.
 Excellent ability to work in
groups and to manage
teams.
 Excellent ability to learn
autonomously.
 Accurate referencing and
bibliography
using
appropriate referencing style
 Excellent problem solving
skills for decision-making
skills.
 Very good ability to use
learning resources
 Very good presentation,
logically structured, using
accurate
grammar
and
spelling.
 Mostly correct
crossreferencing and links to
supporting evidence
 Very
good
ability
to
communicate
the
information verbally and in
writing.
 Very good ability to work in
groups and to manage
teams.
 Very good ability to learn
autonomously.
 Precise referencing and
bibliography
using
appropriate referencing style
 Very good problem solving
skills decision-making skills.
Page 5 of 12
Second Class, Lower Division
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
Good
70 – 76.99
Satisfactory
 Tasks completed with good
accuracy.
 Good skills in interpretation
of
results
/
and
accomplishing
practical
tasks.
 Good skills for critical
analysis, evaluation and
synthesizing.
 Good reflective practices,
demonstrating
good
personal
learning
and
growth, insight into required
professional values and
principles and professional
development planning.
 Findings presented with
conviction
and
good
justification.
 Satisfactory knowledge and
depth of understanding of
principles and concepts.
 Fair application of the
theoretical concepts by
considering of information
systematically.
 Evidence of reading a fair
number of educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
 Tasks
completed
with
satisfactory accuracy.
 Satisfactory
skills
in
interpretation of results /
and accomplishing practical
tasks.
 Satisfactory skills for critical
analysis, evaluation and
synthesizing.
 Satisfactory
reflective
practices, demonstrating fair
personal
learning
and
growth, insight into required
professional values and
principles and professional
development planning.
 Findings presented with
conviction and satisfactory
justification.
 Basic knowledge and depth
of
understanding
of
principles and concepts.
 Basic ability to apply the
theoretical concepts by
considering of information
systematically.
 Evidence of reading a few
number of educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
 Tasks
completed
with
minimum
acceptable
accuracy.
 Acceptable
skills
in
interpretation of results /
and accomplishing practical
tasks.
 Basic skills for critical
analysis, evaluation and
synthesizing.
 Basic reflective practices,
demonstrating
some
personal
learning
and
growth, insight into required
professional values and
principles and professional
development planning.
 Findings presented with
conviction and acceptable
justification.
Third Class
60 – 69.99
 Good knowledge and depth
of
understanding
of
principles and concepts.
 Good ability to apply the
theoretical concepts by
considering of information
systematically.
 Evidence of reading a good
number of educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
Acceptable /
Pass
50 – 59.9
MEC_AMO_TEM_035_04
 Good ability to use learning
resources
 Good presentation, logically
structured, using accurate
grammar and spelling.
 correct
cross-referencing
and links to supporting
evidence
 Good ability to communicate
the information verbally and
in writing.
 Good ability to work in
groups and to manage
teams.
 Good ability to learn
autonomously.
 Good
referencing
and
bibliography
using
appropriate referencing style
 Good problem solving skills
and decision-making skills.
 Satisfactory
presentation,
logically structured, using
accurate
grammar
and
spelling.
 Satisfactory
crossreferencing and links to
supporting evidence
 Satisfactory
ability
to
communicate
the
information verbally and in
writing.
 Satisfactory ability to work in
groups and to manage
teams.
 Satisfactory ability to learn
autonomously.
 Satisfactory referencing and
bibliography
using
appropriate referencing style
 Satisfactory problem solving
skills
and exceptionally
competent for decisionmaking.
 Acceptable
presentation,
logically structured, using
accurate
grammar
and
spelling.
 Acceptable cross-referencing
and links to supporting
evidence
 Basic ability to communicate
the information verbally and
in writing.
 Basic ability to work in
groups and to manage
teams.
 Basic ability to learn
autonomously.
Page 6 of 12
Management Accounting for Business Decision (BUSS 23002) – Fall– 2023 – CW1 – R – QP
 Inadequate knowledge and
understanding of principles
and concepts.
 Poor application of the
theoretical concepts
 No evidence of reading
educational
literature/research
and
where applicable workplace
strategies,
policies
and
procedures.
Fail / Poor