UNIT CODE: BAF2202 UNIT TITLE: MANAGEMENT ACCOUNTING I

1. Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce.

Required:

1. Compute the number of hours required to produce the first 34 units
2. Compute the number of hours required to produce 34th unit.

iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units

2. Differentiate between management accounting and financial accounting
3. Highlight the assumptions of cost volume profit analysis
4. Describe any five cost estimation methods applied in management accounting