Managerial accounting

TASKS: 1. Apply some basic and advance skills for using Managerial Accounting techniques to response the requirements of Goody Corporation Case which is below (L02: K-PA) 2. How Master Budget is developed? Write all the operational and nancial budgets and how they affect each other (LO 4: S-PS) Case for Task-1: Goody Corporation produces balls that it sells for $ 37 each. At capacity, the company can produce 50000 balls a year. The costs of producing and selling 50000 balls are: Cost per Ball Total Costs Direct materials $ 16 $ 800000 Direct manufacturing labor 4 200000 Variable manufacturing overhead 1 50000 Fixed manufacturing overhead 3 150000 Variable selling expenses 4 200000 Fixed selling expenses 2 100000 Total costs _$ 30 1500000 1. Suppose Goody is currently producing and selling 40000 balls. At this level of production and sales, its xed costs are the same as given in the preceding table. River Corporation wants to place a one-time special order for 10000 ball at $23 each. Goody will incur no variable selling costs for this special order. Should Goody accept this one-time special order? Show your calculations. 2. Now suppose Goody is currently producing and selling 50000 balls. If Goody accepts River's offer, it will have to sell 10000 fewer balls to its regular customers. a. On nancial considerations alone, should Goody accept this one-time special order? Show your calculations. b. On nancial considerations alone, at What price would Goody be indifferent between accepting the special order and continuing to sell to its regular customers at $ 37 per ball? c. What other factors should Goody consider in deciding whether to accept the one-time special order