Question: Question 1 ( 40 marks) Corvine Corporation makes two types of motors for use in various products. Operating data and unit cost information for its
Question 1 ( 40 marks) Corvine Corporation makes two types of motors for use in various products. Operating data and unit cost information for its products are presented next. Product Product B Annual unit capacity 10,000 Annual unit demand 10,000 20,000 20.000 S80 45 10 Selling price S100 Variable manufacturing cost 53 Fixed manufacturing cost 10 Variable selling and administrative 10 Fixed selling and administrative 5 Fixed other administrative 2 Unit operating profit $20 Machine hours per unit 2.0 4 9 S10 1.5 Corvine has 40,000 productive hours available. Required Calculate the relevant contribution margin, per machine hour for each product, to be utilized in making a decision on product priorities for the coming year. Question 2( 20 marks) - Provide brief information about the IMA(Institute of Management Accountants), its history, mission, vision, core values , conditions for membership ...etc.( not more than 200 words) (10 marks) b- Identify the ethical principles & standards that should guide the work of a Management accountant. (Refer to the Statement of Ethical Professional Practice) (10 marks)
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