MAF151 Cost and Management Accounting Assignment Sample UiTM Malaysia
The MAF-151 Cost and Management Accounting course is designed to help students gain a basic understanding of the fundamentals of cost accounting. The course covers topics such as budgets, costing systems, budgeting techniques, cost classification systems, cost reduction methods, determining product pricing levels in terms of fixed and variable costs, and more. This assignment sample will focus on the basics of what you need to know about budgets.
This Assignment sample will help you learn the basics of accounting principles in an easy-to-understand manner. Whether you want to pursue a career in this field or simply need some helpful tips for your personal finances, this blog post can be helpful as it discusses various aspects of accounting.
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Assignment brief of MAF-151 Cost and Management Accounting UiTM Malaysia
Description of Marie Biscuits
The biscuit is round and usually has the name embossed upon its top surface. The edges of which are also embossed with an intricate design, most likely to catch your eye if you’re looking for something snappy. It’s made with wheat flour, sugar, and either palm oil or sunflower seed oil instead of buttery-rich tea biscuits that leave too much guilt on my conscience after I’ve had one (or two). Vanilla flavoring makes them just a little bit sweet without tasting like icing off a cake from Costco in comparison- it simply tastes delicious.
Dimensions: 66.0 mm diam.
Thickness: 6.0 mm
Weight: 8.3 g
Appearance: Smooth surface, clear printing
Colour: Pale golden
Texture: Crisp and light
Moisture: 1.5%
Marie biscuits are soft and airy–just like the clouds, they’re named after. The dough is mixed on a horizontal mixer with medium protein flour to become light, spongy, and elastic before being cut into small pieces shaped in rounds or rectangles then baked at 390°F for 15-25 minutes.
Definition of Cost Statement
The cost statement can tell management how much it costs to conduct a project, run the department or manufacture a product. This document provides details about all of these things in terms of goods and services so they know what to expect for future projects.
Objectives of Cost Statements
The cost statement is a comprehensive document that documents the production costs of an item in order to determine its final selling price. The objective is also to accurately record and present data so it can be analyzed effectively.
The cost statement is important for many things, but it’s most useful when trying to make the best decisions on how much money should be spent. The purpose of this report will help companies determine whether or not they are earning a profit and what their next step in manufacturing could potentially be.
The cost statement provides an overview of all expenses incurred by the company as well as income generated from other sources (including subcontractors). It also controls inventory so that nothing goes wasted, with data collected serving as a guide for prices set at manufacture or procedures done via services rendered. Furthermore, it can ascertain costs associated with undertaking tasks and used to decide priorities regarding products consumed during production processes; determining which items are profitable helps keep track of organizational information systems.
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Conclusion of Marie biscuits
Britannia Marie Gold’s popularity among its customers is paying off. The company has the potential to become a leader in a few of its market categories and expand because they are already leading others. Customers love using Britannia for many reasons, but mainly due to it being delicious with low prices as well as availability everywhere people go.
When Britannia Marie biscuits are not available, they don’t recommend any other brand. Customers purchase them as single purchases and the retailers have a very high level of satisfaction with our product. When comparing to prices for other biscuit brands out there ours is one of the lowest-priced items you can buy.
While Britannia Marie is a well-known brand around the world, they are not in many stores because of their high price. The distributors aim to change this by working with retailers and giving them different display options so that people will notice it more on shelves. They do offer replacement policies for any mistakes made during shipping or product damage as well as good personal service to help make buying decisions easier when deciding which products work best at an affordable rate.
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The above assignment is based on MAF-151 Cost and Management Accounting.
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