1. (a) What is the incremental analysis approach and what are its scopes in the management accounting? (b) What are the factors of incremental analysis such as relevant costs, opportunity costs, and sunk costs? (c) Why incremental analysis is important in an organization and what are the prospect of it in the manufacturing organization?

Q: What is the relationship between the value chain and management accounting?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: It measures the performance of company managers in term of generating profit from operations.

A: Profit from operations refers to the profit that a business or a company earns by selling its goods…

Q: Why are companies divided into departments for the purpose of management control?  Is it possible to…

A: An Organisation is a complex entity which requires different expertise in various fields to help it…

Q: Is it correct that managerial accounting mainly provides services for manufacturing organizations?…

A: The concept of managerial accounting is majorly used to analyzed costs incurred on the products but…

Q: When it comes to cost behavior,

A: Cost Behavior is that the amendment within the behavior of a price (or costs) thanks to a amendment…

Q: identify managerial accounting techniques that have been developed to meet positioning…

A: SOLUTION- Managerial accounting refers to the analysis and presentation of financial data for the…

Q: give an example of profit measurement in managerial accounting that fulfill a situation

A: Objective Managerial accounting Maximization of profit and minimization of losses  are the main…

Q: 1. What types of costs are allocated? What is a support department? What is a producing department?…

A: Allocation refers to distribution of total overhead cost to the departments that have actually used…

Q: a) Compute both Economic Value-Added (EVA) and Return on Capital (ROC) statistics for each of the…

A: Before investing in new projects or assets, profitability and net benefits are evaluated. EVA and…

Q: From the choices presented in parentheses, choose the appropriate term for completing each of the…

A: Period costs: Period costs are the costs other than the product costs. These costs are not incurred…

Q: Define the term gross profit margin. Explain several waysin which management might improve a…

A: Gross profit: It can be defined as the excess of a company's net sales revenue over its cost of…

Q: (1) Why are leverage points in a system so critical tounderstand? (2) Why should a manager in…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: Managerial accounting is an activity that helps managers determine the costs of an organization's…

A: Managerial accounting is a process of analysing financial data , make  interpretation of that data…

Q: What level of importance do product costs play in the business process? what kind of management…

A: Product cost: Cost incurred to produce a product is called product cost. It includes the cost of…

Q: y in the use of company r

A: Managerial efficiency : The fraction of total organisation personnel that contributes to performance…

Q: How can accounting con

A: these three steps can increase the capacity of of an accounting firm. Adopt a cloud-based platform…

Q: What is meant by a product’s contribution margin ratio? How is this ratio useful in planning…

A: Contribution margin is the sales revenue of the business after deduction of variable costs from…

Q: What is return on investment, and how is it calculated?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Answer the following questions: How various types of incremental analysis help management to make…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Compute profit margin and describe its use in analyzing company performance.

A: Profit margin indicates how many cents of profit generated for each dollar of sale. It measures the…

Q: explain and describe the various costing method in management accounting.outline their advantagesand…

A: A cost is assigned to a product made using product costing methodologies. Each of these strategies…

Q: Which of the following statements best describes a profit center?a. The responsibility for combining…

A: The profit center affects the major profit decisions of the authority that includes the choosing…

Q: Why are companies divided into departments for the purpose of management control?  What are some of…

A: A business is normally organized by its functions, e.g. marketing department, accounts department,…

Q: e target cost per unit for the new product.

A: Total Target profit Cost of investment * Desired rate of return RM400000 * 11% = RM44000…

Q: Knowing how costs behave to change in the level of activity is useful to management for all the…

A: Customer demand cannot be predicted by paying attention to how costs change when activity changes.…

Q: Name a firm or organization you know of that you are reasonably sure uses cost management andexplain…

A: Cost Management: Cost management involves the development and use of cost management information…

Q: Describe the Relationship of the below mentioned managerial accounting concepts : i. Cost Reduction…

A: There are several concept and techniques which are used for the measurement of overall performance…

Q: How would a knowledge of cost behavior patterns such as those above be of help to a manager in…

A: The question is based on the concept of cost determination and the behaviour in the cost budget. A…

Q: explain and describe the various costing method in management accounting.outline their advantagesand…

A: Using product costing procedures, a cost is allocated to a product. The most frequent costing…

Q: Explain how the level at which decisions are made can have important long-run performance…

A: Managers' duty is to make important decisions on behalf of owners. There are different levels of…

Q: Based from the reference below discuss the sunk costs and opportunity cost in a firm.

A: Costs are those expenses which are incurred by the firm for the purpose of generating revenue from…

Q: Which of the following is not among the main uses of Activity-Based-Management ABM Select one: O a.…

A: Activity Based Management is a method or procedure of analysing profitability of the company by…

Q: Give one importance of the following in strategic cost management: (i) Business environment, (ii)…

A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…

Q: Define productivity.

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

Q: How are the value chain and management accounting related?

A: Because you asked many questions, we will resolve the first one for you. Please mention the question…

Q: Discuss how the strategic management accounting techniques Just-in-time and the Theory of…

A: Strategic Management Accounting: It refers to that branch of management accounting in which more…

Q: How is a scatter diagram used to identify and measure the behavior of a company’s costs?

A: Answer: In the scatter diagram method represents the costs behavior graphically. By plotting all the…