Question: (a) Using examples involving a special order decision explain the following terms (i) relevant cost and irrelevant cost (ii) marginal costing (10 marks) (b) A

(a) Using examples involving a special order decision explain the following terms

(i) relevant cost and irrelevant cost

(ii) marginal costing

(10 marks)

(b) A business organisation has a working capital ratio of 1:1. Explain whether is an acceptable ratio and possible ways the ratio can be further improved.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Cable ble pri tio C Decision Making Questions Question 1 Wind Turbines Ltd manufactures a range of 4 types of wind turbine that generates. electricity utilising wind power. They have received a...

help mi The faculty at the Smith School have started sharing their business contacts with the administration and students to help in recruiting efforts. The hope is that these business contacts will...

About question #74, the answer is [$32 - 12 - 6 - 4 - 0.50] 2,000 = $19,000 where is the "4" come from? ch4 Student: ___________________________________________________________________________ 1....

ITS ECON . In the aftermath of the financial crisis of 2007 and 2008, many US policymakers have suggested that banks and other financial intermediaries should be subjected to tighter regulations. a....

Questions: 5. (a) Among Adam Smith's contributions to economic thought, was his Canons of Taxation. (i) State and explain Adam Smith's FOUR Canons of Taxation. Do you consider that these Canons are...

Assessment Criteria Description Qualification Unit number and title BTEC Level 7 Certificate in Strategic Management and leadership UNIT 3: STRATEGIC CHANGE MANAGEMENT Assignment title AC no 1.1...

Question 2 BMX Company Ltd is a production entity based in Kadapa village with over 500 employees at both managerial and operational levels. During the end of year management meeting, it was resolved...

QUestions: 5. (a) Among Adam Smith's contributions to economic thought, was his Canons of Taxation. (i) State and explain Adam Smith's FOUR Canons of Taxation. Do you consider that these Canons are...

Question 2 (a) (i) Describe any two ethical responsibilities of a management accountant. (2 marks) (ii) Explain any two roles of a management accountant in an organization. (2 marks) (b) (i)...

DasAuto Inc is a leading auto retailer and a leading distributor of automotive replacement parts and accessories in Canada. The company was founded in 1989 by Cory Carson and follows IFRS. DasAuto...

1. Discuss the business practices of the rent-to-own industry. How are they able to avoid the restrictions on interest rates? Why are these operations so attractive to so many people compared to...

You are interested in understanding the business activities of a company. Where on each of their three primary financial statements should you look to find information to help you learn about their...

GREATECH TECHNOLOGY BERHAD companies background

1. Analyze what filters were in place to block effective communication between the hospital administrators, medical staff, and affected patients.

3. Can you think of a situation where employment of married couples would create problems for a firm? Explain your answer.

Describe how positive energy contributes to improved interpersonal relationships.