Management Accounting Qs.

1. difference between normal and abnormal spoilage

2. describe and explain three situation in which a conventional costing system is not likely to be appropriate in regards to its accuracy

3. how direct labour cost direct material cost and manufacturing over head cost are assign to product

4. what is prime cost and conversion cost, how to calculate prime cost and conversion

5. the most important assumptions implicit in cost volume profit analysis and how they can affect the analysis made

6.. in estimate the cost of product manufacturing such as Rosa ltd. usually identify direct material direct labor and manufacturing overhead cost. briefly describe how these costs are assign to product

7. explain the difference between job costing and process costing