ACCT204 Sem 1, 2018 Assessment Task 2 1
ACCT204 Management Accounting
Semester 1 2018
Assessment Task 2 – Individual Case Study
Due date: 14/05/2018, 11 PM (Week 11)
Weighting: 25%
Length and/or format: 900 words.
How to submit: A copy of the assignment must be uploaded onto LEO.
The file name is “your student number_ACCT204_Task2” in Microsoft word format, e.g. S00012456_ACCT204_Task2.docx.
Instructions for this task
All assignments must be handed in on the due date. Late assignments will be penalised. Assignments submitted after the due will incur a 10% penalty of the maximum marks available for that assignment. Assignments received more than three calendar days after the due date will not be allocated a mark.
Due dates will be strictly adhered to and extensions will be granted only in cases of extreme circumstances. A student may apply to the NLiC (email to elsie.chan@acu.edu.au) for an extension to the submission date of an assignment. Requests for extension must be made on the appropriate form on or before the due date for submission, and must demonstrate exceptional circumstances which warrant the granting of an extension.
Each student is to submit an individual assignment based on the given case below. The individual assignment should be around 900 words (numerical data as part of the calculations is not included in the word count).
Please note that the topic of the case study is covered only in Week 8 (Chapter 8) and the due date of this assessment is in Week 11 (14/05/2018, 11PM). Student is expected to acquire the knowledge/ learn the topic of the case study on his / her own in advance of week eight, so that there is ample time for preparation of assessment Task 2.
As this assessment Task 2 is of individual basis, collaboration between students in the assignment is prohibited. Submission showing similar format of presentation in calculations among students may indicate presence of plagiarism and implicated students may have committed academic misconduct knowingly or unknowingly.
Task 2 must:
- be typed using 1.5 lines spacing left justified.
- use Ariel or Times New Roman font size 12.
- Display a 2.5 cm margin on all sides.
ACCT204 Sem 1, 2018 Assessment Task 2 2
- include a page number on each page.
- name the Microsoft word file as “your student number_ACCT204_Task2”.
Case
Happy Traveller Ltd. is a manufacturing company which is in the process of determining the product costs using traditional costing system as well as ABC system. Sufficient cost data information is provided in the case so that you are able to derive the product costs of its two main types of upscale luggage. The requirements listed at the end of the case are the main points that your report must cover.
| Happy Traveller Ltd has historically had a simple costing system that allocates indirect costs using a single indirect-cost rate. The Company produces mainly two types of luggage, namely Simple luggage and Complex luggage, and undisclosed amount of other types of luggage. The annual overhead costs for the Happy Traveller Ltd, which involves three production centres (two machine centres and one assembly centre) and two service centres (materials procurement and general factory support), are as follows: Indirect wages and supervision: | Subtotal | ||
| Machine Centre A | $1,200,000 | ||
| Machine Centre B | $1,000,000 | ||
| Assembly Centre | $1,600,000 | ||
| Materials procurement | $2,100,000 | ||
| General factory support | $1,880,000 | $7,780,000 | |
| Indirect materials: | |||
| Machine Centre A | $500,000 | ||
| Machine Centre B | $650,000 | ||
| Assembly Centre | $150,000 | ||
| Materials procurement | $0 | ||
| General factory support | $20,000 | $1,320,000 | |
| Lighting and heating | $550,000 | ||
| Property taxes | $850,000 | ||
| Insurance of machinery | $250,000 | ||
| Depreciation of machinery | $1,600,000 | ||
| Insurance of buildings | $300,000 | ||
| Salaries of works management | $1,100,000 | $4,650,000 | |
| Total | $13,750,000 | ||
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