ACCOUNTING: MANAGERIAL ACCOUNTING

IN-DEPTH ANSWERS PLEASE

The questions in this exercise are based on Universal Robina Corporation (URC), one of the largest branded consumer food and beverage product companies in the Philippines. To answer the questions, you will need to type or go to https://www.urc.com.ph/docs/AnnualReport2021.pdf?ref=annual_reportLinks to an external site. todownload the 2021 Universal Robina Corporation annual report.

ANSWER THE FF QUESTIONS ACCURATELY AND COMPREHENSIVELY: 1. Identify the accounts in computing the URC's Cost of Goods Manufactured and Cost of Goods Sold (Cost of Sales), including the type of inventory accounts used. Are all these the same or different from what you've learned in the discussions? What evidence supports your conclusions?

2. The Company's Agro-Industrial and Commodities (AIC) group is divided into three product segments - Agro-Industrial Group, Sugar and Renewables, and Flour. What do you think are the major overhead foreach division? What allocation base is most appropriate for the computation of overhead rate foreach division? Justify your answer. (Understanding how each of the division works can help you create the best recommendation.)