ACC 2103设计辅导、写作Python

” ACC 2103设计辅导、写作PythonDIPLOMA IN MANAGEMENT STUDIESACC 2103 MANAGEMENT ACCOUNTING (Jan March 2021)CA1: INDIVIDUAL ASSIGNMENT (50 marks; 30% of the overall weightage)NOTE:(1) Show ALL workings clearly.(2) Complete this assignment on your own! Do NOT share your work.(3) Answer the theory questions using your own words (other than the use of technicalterm / description). Do NOT Cut and paste from various sources of information.QUESTION 1 (11 marks)Olympia Company, a manufacturing firm, has supplied the following information from itsaccounting records for the month of December 2020:$Beginning raw materials inventory 3,000Ending raw materials inventory 7,200Beginning Work in process inventory 4,200Ending work in process inventory 3,000Beginning Finished goods inventory 2,250Ending finished goods inventory 3,750Purchases of raw materials 25,000Wages of assembly line workersIndirect materialsIndirect labourProperty tax (Apportioned equallybetween factory and administrative)Factory suppliesUtilities (apportioned 70% to factoryand 30% to administrative)Distribution expensesAdministrative expensesSales revenue4,600120,000Required:(a) A Statement of cost of goods manufactured for December 2020, showing clearly thedetails of the costs. (6 marks)(b) A Statement of cost of goods sold for December 2020. (2 marks)(c) An Income statement for December 2020. (3 marks)Page 2 of 3QUESTION 2 (15 marks)Bottomless Pot Operates a restaurant that offers all-you-can-eat buffet.The following data shows the costs of food for the buffet and the number of diners that orderedthe buffet For last year, 2020. The restaurant manager is interested in finding the relationshipbetween the costs of food and the number of diners.Month Number ofdinersCosts of food$January 2,832 55,900February 4,895 68,600March 3,920 59,700April 3,840 58,600May 4,150 62,000June 2,395 54,600July 4,272 63,300August 3,985 60,400September 2,520 53,900October 4,732 69,900November 2,633 56.900December 3,935 51,200Required:(a) The cost of food is a mixed cost.(i) Describe what is a mixed cost.(ii) Explain briefly why you think the cost of food for the buffet is a mixed cost.(4 marks)(b) Using the high-low method, develop the cost formula for the total costs of food.(5 marks)(c) Estimate the total costs of food for the first quarter of 2021 if Bottomless Pot expects15,500 diners for the quarter.(2 marks)(d) (i) Explain what is relevant range.(ii) Explain, using an example why would cost behaviour change outside therelevant range. The given example should use Bottomless Pot as reference.(4 marks)Page 3 of 3QUESTION 3 (24 marks)NOTE: To incorporate data / calculations from Question 2 when answering Question 3.In addition to the all-you-can-eat buffet, Bottomless Pot is considering offering set-mealsfor diners in 2021. The costs of food for the set-meals is expected to be $4 per set-meal andthe direct Fixed costs are $5,000 per month.Besides the costs of food, there are additional variable costs of $7 per diner regardless ofwhether they ordered buffet or set-meals.Other than the costs of food, Bottomless Pot expects to incur common fixed selling andadministrative costs totalling $80,262 per month.It is estimated that 80% of the diners would order the buffet and the remaining diners wouldorder the set-meals. Bottomless Pot charges each diner $50 for the buffet and $30 for the setmeal.Required:(a) Bottomless Pot expects 5,850 diners in January 2021. Calculate Januarys operatingincome for buffet, set-meals And the restaurant as a whole.(4 marks)(b) Refer to (a). Calculate the number of diners to break-even per month.(5 marks)(c) Refer to (a).(i) Calculate the margin of safety (in sales dollars) for January 2021.(ii) Define margin of safety.(iii) Explain briefly the significance of Bottomless Pots margin of safety for January.(7 marks)(d) Bottomless Pot observes that the profit margin for the buffet is much higher than setmeals.It is considering reducing the price of the buffet to $45 per diner; and estimatesthat with the price reduction, 90% of the diners would order buffet instead of set-meals.(i) Re-calculate the operating income for 5,850 diners.(ii) How much is the Change in operating income as compared to (a). ShouldBottomless Pot go ahead with this change?(8 marks)End of Assignment如有需要，请加QQ：99515681 或WX：codehelp

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