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Managerial Accounting, theory and Numerical, Case Study Solution

January 2017 | 7 pages | ID: M339BB37CE8EN
Sadia Saeed

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Accountability is a management control process in which stakeholders’ responses positive or negative. Depending of Stakeholder’s needs, management need to make correct calculation to make the stakeholders of Glass Doctor Company happy. Management accountability is used with responsibility, liability, and blameworthiness. A major aspect is to make central discussion related to public problems. Management accountability acknowledge and assume responsibility for actions, decision, and policies including administration, governance, and implementation within role of stakeholders. Shareholders needs information related to dividend and profitability of company. Cont... (1200 words of this report)
1.A. EXPLAIN THE ROLE OF MANAGEMENT ACCOUNTABILITY OF AN ORGANIZATION TO ITS STAKEHOLDERS. (NOTE: ANSWER MUST FOCUS ON ACTIVITIES OF AN ORGANIZATION THAT MAKE STAKEHOLDERS SATISFIED)??(15 MARKS)

b. Briefly explain the need for management accounting for organizations like GDC to make its stakeholders happy. ? (5 marks)

2. CALCULATE THE COST OF GOODS MANUFACTURED, COST OF GOODS SOLD AND GROSS PROFIT FOR THE EXISTING PRODUCT OF GDC (BASED ON EXISTING PRODUCT INFORMATION GIVEN ABOVE) (20 MARKS)

3. FOR THE NEW PRODUCT PROPOSED (CONTACT LENS), CALCULATE

(a) BEP (units)
(b) Contribution Margin Ratio
(c)Profit if all produced products are sold in the market (no stock)
(d) Expected Sales (units) if the company desires to have a profit of $ 720,000. (20 marks)

1. PREPARE SALE AND PRODUCTION BUDGET FOR GILL LTD FOR THE YEAR 2016. (15 MARKS)

2. CALCULATE ROI FOR THE THREE DIVISIONS (A, B AND C) OF GILL LTD AND COMMENT ON THEIR PERFORMANCE. (15 MARKS)

3. EXPLAIN ANY THREE ADVANTAGES AND DISADVANTAGES OF ROI AS A MEASURE OF PERFORMANCE. (10 MARKS)

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