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HI5017 Managerial Accounting Week 1 Tutorial Questions Q1. List and briefly describe 5 examples of how management accounting information could assist in managing resources at a Banking corporation. Q2. The following data refer to Nani's Fashions for the current year: Direct labour 100 000 Electricity: plant 20 000 _ Indirect labour 7 500 Other manufacturing overhead 40 000 Required: a) Prepare the schedule of cost of goods manufactured for Nani's fashion. b) Prepare the schedule of cost of goods sold for Nani's Fashions and explain the information provided by the schedule of cost of goods sold. c) Prepare an income statement for the current year. Q3. K-mart a very successful business chain in Australia follows a strategy based on cost leadership. List 5 types of management accounting information that might assist K-mart management to make business decisions