P1 M1 D1 Explain management Evaluate the benefits of Critically evaluate how accounting and give the management accounting management accounting essential requirements of systems and their application systems and management different types of management within organisational accounting reporting accounting systems. context. integrated within organisational processes. an 1S P2 Explain different methods used for management accounting reporting The following costs are estimated for two series of building materials for six months ending 30th June 2020 3 Building Material Division A Division B Gold X01 Silver YO2 R.O. RO 50 40 25 20 15 15 5 4 2 2 3500 2500 Material cost per unit Labour cost per unit Finishing cost per unit Distribution cost per unit Inspection cost per unit Depreciation on Machinery per year Rent of the Factory per month Interest cost Per annum Electricity and water bills per quarter Staff salary per month Marketing cost per year Insurance cost per Quarter 1500 1500 2000 1500 1500 2000 2500 2000 4000 5000 750 1,000 Additional information: 1. Manufacturing department has planned to produce 3000 units of 'Gold X01' & '2,500 units of Silver Y02'. The company's pricing policy is based on Full cost + 10% for 'Gold Xol' and Full cost + 15% for 'Silver Y02' Page 3 of 6 w As a trainee Management Accountant, you will be attending the meeting where you prepare and present a report on the above points, during the meeting, you are required to critically evaluate how Management Accounting Systems and Management Accounting Reporting is integrated within Jingles. Company has appointed you as a trainee Management accountant and asked you to stress on implementing the different cost accounting systems, to improve the overall liquidity, profitability position of the company and measures for efficient receivables and Inventory management. Page 2 of 6 Due to increase in demand for building materials among construction industry and other potential domestic customers, company expects a good rise in sales units and increase in production in two main quality category as 'Gold X01 and 'Silver Y02' during the first six months of financial year ending 30 June 2020. "Gold XOl' is manufactured in Division A of manufacturing unit and 'Silver YO2' is manufactured in Division B of manufacturing unit