Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please get me answers for below questions 1.8 ACCOUNTING FOR MANAGERS 1. Arun the managing director is surprised that his profit every year is quite

please get me answers for below questions

image text in transcribed
1.8 ACCOUNTING FOR MANAGERS 1. Arun the managing director is surprised that his profit every year is quite different from what he wants or expects to achieve. someone advised him to install a formal system of budgeting. He employs a fresh accountant to do this. Fur two years, the accountant faithfully makes all budgets based on previous year accounts. The problem remains unsolved. Advise Arun the managing director and the accountant on what steps they should take. Make assumptions about what is lacking. 2. In a factory, actual fixed cost overheads were different from the standard fixed overheads because the actual output, actual time consumed, actual rate per hour and per unit of output differed. Compute the variances taking assumed figures. 3. A company has to decide whether to Make o: Buy. Through differential cost analysis, how will you ascertain the net difference between the two alternatives so as to assist the management in their decision making? Use hypothetical figures to illustrate 4. As a management accountant you were asked to introduce a system of capital expenditure control for your organization. Explain the important feature you want to incorporate in the system you propose to introduce with the suitable example of a project involving capital expenditure

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

Students also viewed these Accounting questions