TMA On Management Accounting Concepts And Practices

TMA On Management Accounting Concepts And Practices



TMA covers the concepts and practices of management accounting in the enterprise. It is rated on a scale of 0-100 and accounts for 20% of the overall rating factor. The objective is to assess students’ understanding of one of the key concepts in management accounting that has emerged as an alternative to traditional cost accounting methods. In recent years, the nature of industrial production has changed fundamentally, with increasing capital intensity, overhead costs based on machinery production tending to become more dominant, and the international market becoming more competitive. This TMA requires the application of course concepts. The TMA learning objectives are designed to:

Improve students’ ability to understand relationship analysis between cost, volume and benefit.
Emphasize the importance of a cash budget to your business.
Student comprehension measures key learning content.
Enhance students’ knowledge of the realities of management accounting as a profession.
Develop students’ communication skills. For example: writing notes, writing essays, analyzing and presenting material, etc.
Develop the ability to understand and operate the nature of real management accounting tools.

TMA requires that:
1- Review various learning sessions in addition to supplementary materials.
2- Find information by doing a simple web search.
3- I will announce it. Results are within 2,000 words ± 10%.
4- Must use 12 point Microsoft Office Word/Excel and Times New Roman font.
5- You must read and follow the instructions below. . Each part of the process is given a unit of task.

Part A

Question 1: Break-even analysis (40 units)
Comtech Inc. We manufacture mobile phones. Last year, Comtech sold 20,000 mobile phones for $100 each. The total cost is $1,800,000, of which $800,000 is considered fixed.
To improve the product, the company is looking to replace the $16 component with a new, better part. Replacement costs $26 per year. New machines are also needed to increase the production capacity of the factory. The machine is priced at $120,000, has a 5-year useful life, and a salvage value of $20,000. Companies depreciate all fixed assets on a straight-line basis. (Ignore corporate tax.)


  1. Calculate the break-even point for innovation in the past year in units. (10 points)
  2. Calculate the number of units the company had to sell last year to earn his $200,000. Please prove your answer. (10 points)
  3. If Comtech increased the selling price by $20 and purchased new parts and machinery, calculate the new contribution margin, new fixed costs, and number of units the company would have to sell to achieve the same net profit as last year. To do. ($20)

Part A
Question 2: Hawthorn Manufacturing Budgeting ($25)

Hawthorn Manufacturing must prepare a December 2021 cash budget. The cash balance in early December is $31,000. Actual sales for October and November and projected sales for December are as follows:
Information October ($) November ($) December ($)
Cash Sales 13,000 10,500 14,800
Invoice Sales 40,000 60,000 80,000
Gross Sales 53,000 70,500 98,800

Invoice sales are accumulated over 3 months at the following rates:
10% in month of sale,
70% in month after sale
18% 2nd month after sale

The remaining 2% cannot be recovered.

Additional information:
(a) Total inventory purchases for December is $60,000. 20% is paid in December. The stock purchase outstanding in November was $38,000 and is expected to be fully settled in December.
(b) December SG&A expenses are expected to be $25,000. Of this amount, $5,000 is depreciation expense.
(c) $40,000 of equipment he purchased in cash in December and his $6,000 of other cash expenditures he paid in December.


A cash statement to prepare in December and his December cash budget. See All Works Clearly ($25)

Part B

Question 1: Cost Concepts and Classifications ($15)
Adam used to build for $8,000. I have a garage that has been in for several years. He decided to use his free time to build and sell surfboards. The garage will be depreciated over its 20-year useful life. Adam discovers that it takes $60 of lumber to make one surfboard. He will have students do most of the work, and he plans to pay $70 for each completed surfboard. He plans to rent tools for $400 a month. Adam withdrew money from his bank savings account to prepare the funds he needed to start his business. The savings earned an interest rate of 6% per annum. Advertising agencies process ads for $200 per month. Adam hires a student to sell surfboards, and for each surfboard he pays a commission of $40.


Using the information/text above, identify all possible examples of the cost of the following types of surfboards (where one item has multiple types) cost:

Cost element Your answer
Variable costs (2 points)
Fixed costs (2 points)
Selling or administrative costs (2 points)
Product costs (2 points)
Manufacturing overhead costs (2 points) )
Sunk cost (2 points)
Opportunity cost (2 points)
Difference cost (between making or not making a surfboard) (1 point)

Question 2: (20 points)

Most accounting activities can be divided into financial accounting and business accounting. Explaining the difference between these two aspects of accounting makes sense because each represents a distinctly different career path. Describes the interface between financial accounting and operational accounting. Is one more important than the other? Discuss the rationale for your answer.

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