{"id":822,"date":"2022-06-24T09:55:38","date_gmt":"2022-06-24T09:55:38","guid":{"rendered":"https:\/\/assignmenttask.com\/tutorhelp\/?p=822"},"modified":"2022-10-12T09:54:11","modified_gmt":"2022-10-12T09:54:11","slug":"bmac5203-accounting-for-business-decision-making-assignment-help","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/tutorhelp\/bmac5203-accounting-for-business-decision-making-assignment-help\/","title":{"rendered":"BMAC5203 Accounting for Business Decision Making Assignment Help"},"content":{"rendered":"\n

BMAC5203 Accounting for Business Decision Making Assignment Solutions<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Assignment Details:-<\/strong><\/p>\n\n\n\n

Document Type: <\/strong>Assignment Help (any type)<\/p>\n\n\n\n

Subject:<\/strong> Business<\/p>\n\n\n\n

Number of Words:<\/strong> 3000<\/p>\n\n\n

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\"Get<\/a><\/figure><\/div>\n\n\n

<\/p>\n\n\n\n

Are you looking for BMAC5203 Accounting for Business Decision Making Assignment Answers<\/strong><\/a>? We have well-experienced writers who provide you with Online Business Assignment Help<\/strong><\/a> at the best price. Assignmenttask.com<\/strong><\/a> is always available for you. Our 24\/7 live chat support team is dedicated to serving you help anywhere and anytime. Avail of our assignment help services<\/strong><\/a> and score an A+ grade on your academics.<\/p><\/blockquote>\n\n\n\n


ASSIGNMENT QUESTION<\/strong><\/h3>\n\n\n\n

QUESTION\/TASK 1<\/strong><\/h3>\n\n\n\n

Task 1a: CLO3<\/strong><\/h3>\n\n\n\n

OBJECTIVE: <\/strong><\/h3>\n\n\n\n

The purpose of this assignment is to enable learners to understand an organisation’s financial goals through the preparation of operating, financial, and cash budgets that together integrate into a business plan<\/p>\n\n\n\n

<\/p>\n\n\n\n

REQUIREMENT:<\/strong><\/h3>\n\n\n\n

Budgets and Budgetary Controls<\/p>\n\n\n\n

Question<\/p>\n\n\n\n

BulatRimba Company manufactures and sells plastic tires for automated cleaning machines. It is completing its financial plans for 2021 and needs assistance in the budgeting phase. The following information is available:<\/p>\n\n\n\n

<\/p>\n\n\n\n

BulatRimba Company <\/p>\n\n\n\n

Balance Sheet <\/p>\n\n\n\n

Assets<\/u><\/strong><\/td> <\/td> <\/td> <\/td><\/tr>
Current assets:<\/td> <\/td> <\/td> <\/td><\/tr>
Cash<\/td> <\/td>$200,000<\/td> <\/td><\/tr>
Account Receivables (net)<\/td> <\/td>294,000<\/td>$494,000<\/td><\/tr>
Property, plant and equipment:<\/td> <\/td> <\/td> <\/td><\/tr>
Land<\/td> <\/td>$100,500<\/td> <\/td><\/tr>
Buildings and equipment<\/td>$350,000<\/td> <\/td> <\/td><\/tr>
Less accumulated equipment<\/td>(118,000)<\/td>232,000<\/td> <\/td><\/tr>
Total assets<\/td> <\/td> <\/td>332,500<\/td><\/tr>
 <\/td> <\/td> <\/td>$826,500<\/td><\/tr>
Liabilities and Stockholders’ Equity<\/u><\/strong> Current liabilities: Accounts payable Stockholders’ equity: Capital stock Retained earnings Total liabilities and stockholders’ equity<\/td> <\/td> <\/td>    $132,000<\/td><\/tr>
$400,000<\/td> <\/td><\/tr>
294,500<\/td>694,500<\/td><\/tr>
 <\/td>$826,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Selling price for each wheel is $30 per unit. Budgeted sales unit for 2022 are:<\/p>\n\n\n\n

First quarter<\/td>15,000<\/td><\/tr>
Second quarter<\/td>16,000<\/td><\/tr>
Third quarter<\/td>18,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

BulatRimba will have no finished goods (wheel) and materials (plastic and rims) inventories at the beginning of the year. Management desires 5,000 kg of plastic at the end of the first quarter and 6,000 kg at the end of the second quarter. Each wheel takes 2kg of plastic. BulatRimba should have 2,000 rims at the end of the first quarter and 2,500 at the end of the second quarter. Finished inventory should total 1,000 wheels at the end of the first quarter and 1,500 at the end of the second quarter.<\/p>\n\n\n\n

 <\/td>Direct Materials<\/td>Direct Labour<\/td><\/tr>
Plastic<\/td>2kg @ $3<\/td>0.5 hour<\/td><\/tr>
Rims<\/td>1 each @ $2<\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Variable factory overhead is applied at the rate of $3 per direct labour hour for each finished unit. Fixed factory overhead is $170,000 per quarter, including non\u2010cash expenditures of $54,000 and is allocated on the total number of units completed direct labour averages $20 per hour.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Required:<\/strong><\/h3>\n\n\n\n

For the first quarter of 2022, prepare the following:<\/p>\n\n\n\n

  • Sales budget.<\/li><\/ul>\n\n\n\n
    • Production budget in units.<\/li><\/ul>\n\n\n\n
      • Direct materials usage and purchase budget (Plastic and Rims).<\/li><\/ul>\n\n\n\n
        • Direct labour budget.<\/li><\/ul>\n\n\n\n

          <\/p>\n\n\n\n

          Task 1b: CLO3<\/strong><\/h3>\n\n\n\n

          Question<\/p>\n\n\n\n

          Additional information pertaining to BulatRimba above follows:<\/p>\n\n\n\n

          • All sales are on credit and are collected 30 percent in the quarter of sale and 70 percent in the quarter following the sale. The company has a history of no bad debts. The sale from the last quarter of 2021 were $420,000.<\/li>
          • Purchases of direct materials are paid for in the quarter acquired; direct labour costs are paid in the quarter incurred.<\/li><\/ul>\n\n\n\n
            • Overhead expenses are paid in the next quarter.<\/li>
            • The accounts payable on the balance sheet is for overhead expenses from the last quarter of 2021<\/li>
            • Selling and administrative expenses are paid in the quarter incurred. The total are $40,000 per quarter, including $10,000 of depreciation.<\/li><\/ul>\n\n\n\n

              <\/p>\n\n\n\n

              Required:<\/strong><\/h3>\n\n\n\n

              Refer to the sales budget prepared in Task 1. Construct a cash budget for BulatRimba for the first and second quarter of 2022<\/p>\n\n\n\n

              <\/p>\n\n\n\n

              Task 1c (CLO2)<\/strong><\/h3>\n\n\n\n

              OBJECTIVE:<\/strong><\/h3>\n\n\n\n

              To enable learners to utilise the Cost Volume Profit analysis in making informed decisions and cost\u2010effective actions related to the products or services the business sells.<\/p>\n\n\n\n

              <\/p>\n\n\n\n

              REQUIREMENT:<\/strong><\/h3>\n\n\n\n

              Cost Volume profit analysis Question<\/p>\n\n\n\n

              Dalila Manufacturing Berhad (DMB) is suffering from the global economic effects for its main product. The product is sold in supermarkets throughout Malaysia. The following table shows the results of DMB’s operations for 2021.<\/p>\n\n\n\n

              Sales (12,500 units @ $84)<\/td>$1,050,000<\/td><\/tr>
              Variable costs (12,500 units @ $63)<\/td>787,500<\/td><\/tr>
              Contribution margin<\/td>262,500<\/td><\/tr>
              Fixed costs<\/td>296,100<\/td><\/tr>
              Operating profit (loss)<\/td>($33,600)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

              Required:<\/strong><\/h3>\n\n\n\n
              • Compute DMB’s breakeven point in both units and $.<\/li><\/ul>\n\n\n\n
                • What would be the required sales, in units and in $, to generate a pretax profit of $30,000?<\/li><\/ul>\n\n\n\n
                  • Assume an income tax rate of 30%, what would be the required sales volume in both units and $.<\/li><\/ul>\n\n\n\n
                    • Prepare a contribution income statement showing the pretax and after tax income as per the requirement above.<\/li><\/ul>\n\n\n\n
                      • The manager believes that a $60,000 increase in advertising would result in approximately a $200,000 increase in annual sales. If the manager is right, what will the effect on the company’s operating profit or loss?<\/li><\/ul>\n\n\n\n
                        • Refer to the original data. The vice president in charge of sales feels that a 10% reduction in price in combination with a $40,000 increase in advertising will cause unit sales to increase by 25%. What effect would this strategy have on operating profit (loss)?<\/li><\/ul>\n\n\n\n

                          <\/p>\n\n\n\n

                          QUESTION\/ TASK 2<\/strong><\/h3>\n\n\n\n

                          Task 2a: CLO3<\/strong><\/h3>\n\n\n\n

                          OBJECTIVE:<\/strong><\/h3>\n\n\n\n

                          To enable learners to use variance analysis for the purpose of benchmarking when evaluating performance and to further control organisational output, efficiency and sustainability.<\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          REQUIREMENT:<\/strong><\/h3>\n\n\n\n

                          Standard Costing & Variance Analysis<\/p>\n\n\n\n

                          Question<\/p>\n\n\n\n

                          Muar Fabrics Corporation manufactured 20,000 units of special multilayer fabric with the name Stailoo. The following standard costs were developed for Stailoo:<\/p>\n\n\n\n

                          STANDARD COST CARD PER UNIT<\/strong><\/td><\/tr>
                          Direct materials: 6 meter x $2 per meter<\/td>$12.00<\/td><\/tr>
                          Direct labor:         5 hours x $3 per hour<\/td>15.00<\/td><\/tr>
                          Variable overhead: 5 hours x $1 per hour<\/td>5.00<\/td><\/tr>
                          Fixed overhead:      5 hours x $5 per hour<\/td>25.00<\/td><\/tr>
                          Total standard cost per unit<\/td>$57.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                          The following information is available regarding the company’s operations for the period: Materials purchased                                                                                        130,000 meters at $2.10 per meter<\/p>\n\n\n\n

                          Materials used                                                           110,000 meter<\/p>\n\n\n\n

                          Direct labour                                                               115,000 hours at $3.25 per hour Overhead incurred:<\/p>\n\n\n\n

                          Variable                                                                   $112,500<\/p>\n\n\n\n

                          Fixed                                                                         $440,000<\/p>\n\n\n\n

                          Budgeted fixed overhead for the period is $450,000, and the standard fixed overhead rate is based on the expected capacity of 90,000 direct labour hours. The materials price variance is computed at the time of purchase.<\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          Required:<\/strong><\/h3>\n\n\n\n

                          Calculate the following variances and indicate whether they are favourable or unfavourable.<\/p>\n\n\n\n