SBM3201 Management Accounting

Assessment Details:

This quiz will assess your knowledge of key content areas (Week 1 & 2 content) and to identify further support needs. For successful completion of the quiz, you are required to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. The prescribed textbook is the main reference along with the recommended reading material.

Question 1

The following information has been provided from the 31st December 2018 accounts for the previous calendar year of the Tinka Toy Truck Manufacturing Co. The Tinka Toy manufacturing business is a wholly-owned subsidiary of Neptune International. Tinka Toys pays company tax at the Australian company tax rate of 30%. Work-inProcess (WIP) data is provided separately for the Raw material, Direct labour, and Overhead cost categories and it is required that WIP should be reported separately within each cost category (do not aggregate):

Question 2 Cost Behaviour

Discuss the different type of costs in a manufacturing environment. Your answer should discuss the different meanings of theoretical and practical capacity as they are applied in manufacturing firms.