Q Explain why organisations use budgeting Unit 5 Accounting Management Assignment Help - Unit 5 Management Accounting - Level 4 (Diploma in Business) Previous << >> Next Unit Name: Unit 5 Accounting Management Are you stuck with your Business assignment? Get in touch with our Level 4 in Business assignment help online and score the best grade. Task 1Question 1. Explain why organisations use budgeting (LO 1.1; 1.2)Question 2. Explain the administrative procedures used in the budgeting process. (LO 1.1; 1.2)Question 3. Describe the stages in the budgeting process (including sources of relevant data, planning and agreeing draft budgets and purpose of forecasts and how they link to budgeting). (LO 1.1; 1.2) Task 2Question 1) Explain and illustrate with examples classifications used in the analysis of the product/service costs including by function, direct and indirect. Fixed and variable, stepped fixed and semi variable costs. (LO 2.1)Question 2)Calculate the fixed and Variable cost using the high low method and justify your reason of application. (LO 2.1) Task 3Question 1. Demonstrate and discuss the effect of absorption and marginal costing on inventory valuation and profit determination. (LO2.1 & 2.2)Question 2. Differentiate between Job costing, Batch costing, Process costing and Service costing. (LO2.2)Question 3. Prepare a profit and loss statement for each area, East and West, and in total, on an absorption costing basis. (LO2.2 & 2.3)Question 4. Prepare a profit and loss statement for West only, using marginal costing, showing the relevant information for each product and the total profit or loss in that area. (LO2.2 & 2.3) Task 4Question 1) Advise the BRUNEI CO. with supporting figures as to whether to cease production of A and D. (LO 2.4)Question 2) Based on the above figures, calculateQuestion 3) If labour is paid at a rate of £10 per hour and labour is restricted to 98,000 hours, state, with supporting figures, the combination of products (in £000) that would maximise profit for the period. (LO 2.5) Question 4) If a further 8,000 hours become available, calculate the increase in profit that would arise. (LO 2.5) Task 5Question 1) Board of BRUNEI CO. Ltd wants you explain the differences between these budgeting methods and to advise which one will be more appropriate to which type of business (LO 3.1)Question 2) You are required to perform the below listed tasks help the board of BRUNEI CO. understands the cash flow and how they can be managed to improve efficiency within the Working Capital: Task 6Question (i) Prepare a flexed budget and calculate the total variances (LO 4.1, 4.4)Question (ii) analyse each of the cost variances clearly identifying possible causes of these variances and recommend corrective action for the identified variances (LO 4.2, 4.3)Question (iii) Report these findings to the board in accordance with identified responsibility centres. (LO 4.5) Task 7Question (1) Calculate, both in number of units sold and sales value, the (LO 5.1):Question (2) Calculate the shop's profit or loss if 40,500 pairs of shoes were sold during a year. (LO 5.1)Question (3) Calculate how many pairs of shoes would need to be sold if a sales commission of £2per pair of shoes was paid in addition to other costs and the owner required a net profit of £180,025. (LO 5.1)Question (4) Calculate how many pairs of shoes would need to be sold to breakeven if an advertising campaign costing £25,000 was undertaken while, at the same time, selling prices were increased by 10%. (LO 5.1 and 5.2)Question (5) Recommend and justified appropriate action to improve the financial performance of Indo Ltd in order to improve its profitability using the answers in part d. (LO 5.2) Unit 5 Management Accounting Level 4 Diploma in Business Unit 5 Management Accounting is a core unit within the Level 4 Diploma in Business that focuses on providing learners with essential accounting knowledge to support effective business decision-making. This unit develops an understanding of how financial and non-financial information is used by managers to plan, control, and evaluate organisational performance. Introduction to Management Accounting Management accounting plays a vital role in modern organisations by supplying accurate, timely, and relevant information for internal decision-making. Unlike financial accounting, management accounting is forward-looking and focuses on budgeting, costing, and performance measurement. This unit equips learners with practical skills needed to analyse business operations and improve efficiency. Key Learning Outcomes of Unit 5 By completing Unit 5 Management Accounting, learners will be able to: Understand the role and purpose of management accounting Apply costing techniques to support business decisions Prepare and analyse budgets and forecasts Use management accounting information for planning and control Evaluate financial performance using management accounting tools These learning outcomes prepare students for supervisory and managerial roles across various business sectors. Costing Methods and Techniques This unit introduces learners to different costing methods such as marginal costing, absorption costing, job costing, and process costing. Understanding these techniques helps businesses determine product costs, set prices, control expenses, and improve profitability. Budgeting and Forecasting Budgeting is a key element of management accounting. Unit 5 covers the preparation of operational budgets, cash budgets, and variance analysis. Learners gain insight into how budgets are used for planning, monitoring performance, and ensuring effective financial control within an organisation. Management Accounting for Decision-Making Learners explore how management accounting information supports decision-making, including break-even analysis, contribution analysis, and cost-volume-profit (CVP) analysis. These tools help managers assess risks, evaluate alternatives, and make informed strategic decisions. Performance Measurement and Control Performance measurement is essential for organisational success. This unit examines key performance indicators (KPIs), variance analysis, and responsibility accounting. Learners understand how performance data is used to evaluate efficiency, control costs, and support continuous improvement. Importance of Management Accounting in Business Effective management accounting improves resource allocation, enhances operational efficiency, and supports long-term business sustainability. This unit highlights the importance of accurate financial information in achieving organisational goals and maintaining competitive advantage. Assessment Support for Unit 5 Management Accounting Assignments for Unit 5 typically involve numerical problem-solving, case study analysis, budget preparation, and interpretation of financial data. Learners must demonstrate both theoretical understanding and practical application in line with Level 4 Diploma assessment criteria. Need Help with Unit 5 Management Accounting Assignments? If you need support with Unit 5 Management Accounting Level 4 Diploma in Business assignments, expert academic assistance can help you achieve higher grades. Get customised, plagiarism-free solutions aligned with learning outcomes and delivered within your deadlines. Our Unit 5 Management Accounting Assignment Help Service is dedicated to assisting students in mastering the complexities of management accounting concepts. Our expert team of professionals ensures students receive comprehensive guidance and support, enabling them to excel in their assignments. We cover a wide range of topics, including cost analysis, budgeting, variance analysis, and performance measurement. Our personalized approach ensures that each student's unique needs are met, and we provide step-by-step solutions to foster a deeper understanding of the subject matter. With timely assistance and clear explanations, we strive to empower students to achieve academic excellence and build a solid foundation in management accounting principles. Do you find Diploma a tough course and need someone who can provide you Diploma Assignment Help in UK without any errors? Let us assist you. 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