Order ID | 53563633773 |
Type | Essay |
Writer Level | Masters |
Style | APA |
Sources/References | 4 |
Perfect Number of Pages to Order | 5-10 Pages |
CWK Extended Referral 2020-21
Academic Department
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Accounting and Finance |
Programme: | BSc in Accounting and Finance |
ModuleTitle/Code: | Management and Cost Accounting/ GBCA 206 |
Module Leader: | Mr. Andreas Stefanidis |
Assessment Type: | Individual assignment/ Report-Set Exercises
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Assessment Weighting: | 100% |
Academic Year: | 2020-21 |
Teaching Semester: | Spring |
Assessment due date: | TBA |
Assessment instructions: |
1. Submission method: TBA -Turnitin submission required. Assessed coursework must represent the work of individual students and references to published works must be cited. Plagiarism constitutes an examination offence. 2. File format type: Word document 3. Formative assessment: During the module, practical activities and question and answer sessions prior to hand in of coursework. Final feedback during the final review. 4. Summative assessment: Feedback form returned within three weeks of the due date. Academic Offences Issues of plagiarism and any form of academic dishonesty are treated very seriously. They could result in you failing the module or even having to leave your programme. Support on referencing will be provided to you throughout your programme of study. Plymouth University expects all HE students to conform to the Harvard Referencing style. Please see Moodle for additional support on referencing and plagiarism, as well as information regarding HE Study Support sessions on these topics. |
Marking Scheme: |
PART A- LO1, LO2: 40% Marking criteria include presentation within the word limit, explanation of relevant issues and arguments, examples and references. PART B
EXERCISE 1 – LO1, LO2 : 30% Marking criteria include correct calculations with explanations, comparison of results and relevant comments. EXERCISE 2 – LO1, LO2 , LO3: 30% Marking criteria include correct calculations of cost elements, presentation of standard / actual cost reconciliation statement, workings on variances and relevant comments. Specification of assessment. Grades and descriptors. A. An exemplary work with minor errors, showing exceptional knowledge presented in a clear and focused manner. Excellent presentation of relevant issues and arguments, examples of application and references. Correct calculations, full explanations through workings and notes and relevant comments. Complete structure of required statements. B. A very good comprehensive work with some errors. Very good presentation of relevant issues and arguments, some examples of application and references. Mostly correct calculations, some explanations through workings and notes and some relevant comments. Almost complete structure of required statements. C. Fairly good work with a number of notable errors. Good presentation of relevant issues and arguments, few examples of application and references. Partially correct calculations, few explanations through workings and notes and few relevant comments. Partially complete structure of required statements. D. Sufficient work that covers the minimum criteria. Limited but acceptable presentation of issues, examples, explanations and calculations. F. Inadequate work with little substance or understanding. Slight knowledge that requires a resit work. |
FINAL COURSEWORK
PART A.- LO1, LO2
Prepare a report in which you:
(Word limit: 1,200 words).
(Total 40 marks)
PART B.
EXERCISE 1 – LO1, LO2
The Bruggs & Strutton Company manufactures an engine for carpet cleaners called the “Snooper”. The “Snooper” is the only product that the company produces and sells. Cost and revenue data is given below, based on sales of 40,000 units.
Total | Per Unit | |
Sales | £ 1,600,000 | £40.00 |
Cost of Goods Sold | (1,120,000) | 28.00 |
Gross Margin | 480,000 | |
Operating Expenses | (120,000) | 3.00 |
Operating income before taxes | £ 360,000 |
Cost of Goods sold consists of £ 800,000 of variable costs and £ 320,000 of fixed costs. Operating expenses consist of £ 100,000 in variable costs and £ 20,000 of fixed costs:
REQUIRED:
(Total 30 marks)
EXERCISE 2- LO1, LO2, LO3
A Ltd company manufactures “LUX”. Information regarding the ingredients of LUX , the standard mix and price are as follows:
Production requirements for 1 Kg of LUX :
L | 0.9 kg at £0.05 / kg |
U | 0.1 kg at £0.21 / kg |
X | 0.05 kg at £0.29 / kg |
1.05 kg |
U and X are the active ingredients and are interchangeable. The company operates with a capital intensive structure which is highly automated and there is no direct labour.
Budgeted production per month : 20,000 kg LUX
Budgeted fixed overheads per month : £ 10,000. The absorption of overheads is based on the L usage.
Actual data for the month of March:
Production : 21,500 kg of LUX
L | 19,100 kg at £0.051 / kg |
U | 2,800kg at £0.20/ kg |
X | 980 kg at £0.33 / kg |
22,880 kg |
Fixed overheads during March were £ 10,000.
Required:
Reconcile standard and actual costs in March using a full variance analysis. (Total 30 marks)
Plymouth University
Accounting and Finance
Tutor Feedback
FEEDBACK SHEET |
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Student’s Name/ Code |
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Module |
Management and Cost Accounting/ GBCA 206 |
Instructor |
Mr. Andreas Stefanidis |
Evaluation criteria
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Comments | |
PART A – LO1, LO2 : 40%
a & b explanation of relevant issues and arguments 25% examples 10% presentation and references 5%
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PART B
EXERCISE 1 – LO1, LO2 : 30%
a) & b) presentation of results based on CVP analysis / explanations of calculations 20% c) & d) relevant comments 10%
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EXERCISE 2 – LO1, LO2 , LO3: 30%
Correct calculations of cost elements 10% Relevant variances and workings 10% Presentation of standard / actual cost Comments and interpretation 10% |
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