Unit 9 Management Accounting - Level 4 Diploma in Business

Program: Diploma in Business

Unit Name: Unit 9 Management Accounting

Level: Level 4

Task 1
P1.1 - Explain the different types of cost classification:
P1.2 - Using Job costing method calculate the unit cost and total job cost for Job 444.
P1.3 Calculate the cost of Exquisite using absorption costing technique.
P1.4 Analyse cost data of Exquisite using appropriate techniques

Task 2
P2.1 - Prepare and analyse the cost report for the month of September by completing the table above and comment on the variance.
P2.2- Use various performance indicators used to identify areas for potential improvements.
P2.3: Suggest ways to reduce costs, enhance value and quality

Task 3
P3.1- Explain the purpose and nature of the budgeting process to the budget holders of Jeffery and Son's Ltd.
P3.2- Select the appropriate budgeting methods for the organisation and its needs.
P3.3 - Prepare the following budgets according to the chosen budgeting method for the months of July, August and September 2014:
P3.4 - Prepare a cash budget

Task 4
P4.1 - Calculate variances, identify possible causes and recommend corrective actions
P4.2 - Prepare the operating statement reconciling budgeted and actual results
P4.3 Report the findings to management in accordance with identified responsibility centres

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