- Study guides, Revision notes & Summaries

Identifying cost behaviour - As the costs stay the same for all months = fixed - If you take the material cost / by the output that will give you the £ per unit and if it is the same each month then it is variable - if the £ per unit changed each month then it is mixed - Then you have to apply the low-high method to split the cost Constructing a cost card - Once we have established the various costs associated with business we identify the costs of producing a single cost unit - Typically...

Provide an example of a whistleblower- CASE STUDY - The EY Whistleblower case (Amjad Rihan) uncovered unethical gold audits in Dubai, resulting in an $11M settlement. What characteristics identify unethical companies? - Unethical companies may be identified by environmental harm, poor labor/human rights records, animal rights violations, and undemocratic practices. What role do management accountants play in corporate ethics? - Management accountants ensure ethical supply chain practice...

MAC 3701 COMPLETE ASSIGNMENT VERIFIED ANSWERS [A+]

Section A Multiple Choice Questions 1. A common business decision is the make/buy decision where a manager must choose between buying an item or manufacturing it. The company must evaluate both the qualitative matters, as well as the quantitative matters that deal with costs. The following statements were made by a manager regarding qualitative matters which will influence his decision: 1. The risk of destroying long-run relationships with suppliers, which may prove to be harmful and disrupt...

MAC 3701 EXAM PACK

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