Question
Question 1 ( 40 marks) Corvine Corporation makes two types of motors for use in various products. Operating data and unit cost information for its
Question 1 ( 40 marks) Corvine Corporation makes two types of motors for use in various products. Operating data and unit cost information for its products are presented next. Product A Product B Annual unit capacity 10,000 20,000 Annual unit demand 10,000 20,000 Selling price $100 $80 Variable manufacturing cost 53 45 Fixed manufacturing cost 10 10 Variable selling and administrative 10 11 Fixed selling and administrative 5 4 Fixed other administrative 2 0 Unit operating profit $20 $10 Machine hours per unit 2.0 1.5 Corvine has 40,000 productive hours available. Required Calculate the relevant contribution margin, per machine hour for each product, to be utilized in making a decision on product priorities for the coming year. Question 2( 20 marks) a- Provide brief information about the IMA(Institute Of Management Accountants) , its history , mission , vision , core values , conditions for membership etc.( not more than 200 words) ( 10 marks) b- Identify the ethical principles & standards that should guide the work of a Management accountant. (Refer to the Statement of Ethical Professional Practice) ( 10 marks)
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