ACCT2006 Management Accounting Question A1 (16 Marks) Explain the term 'supply chain' and its importance to the management of activities. a. b. Name the five areas in which there are standards of cthical conduct for management accountants in Australia. Name the organisations that set these standards. c. The following information has been extracted from ABC Incorporation records for the year ended 31st December 2019 300000 Issues Raw (Direct) Materials 96 200 Opening Stock 1/1 Finished Goods Work in Process 32 000 Closing Stock 31/12 Finished Goods 66 030 36 050 Work in Process 12 100 Depreciation on Plant &Machinery Factory labor 120000 Direct Indirect 25 000 Power- Factory 7430 Rates and Taxes- Factory 2 720 Required: Prepare a schedule of cost of goods sold. (4+3+9-16 Marks) ACCT2006 Management Accounting Question A1 (16 Marks) Explain the term 'supply chain' and its importance to the management of activities. a. b. Name the five areas in which there are standards of cthical conduct for management accountants in Australia. Name the organisations that set these standards. c. The following information has been extracted from ABC Incorporation records for the year ended 31st December 2019 300000 Issues Raw (Direct) Materials 96 200 Opening Stock 1/1 Finished Goods Work in Process 32 000 Closing Stock 31/12 Finished Goods 66 030 36 050 Work in Process 12 100 Depreciation on Plant &Machinery Factory labor 120000 Direct Indirect 25 000 Power- Factory 7430 Rates and Taxes- Factory 2 720 Required: Prepare a schedule of cost of goods sold. (4+3+9-16 Marks)