management Accounting

Introduction to Management Accounting Assignment

Required:

1. Conduct some research to explain the value of cost classifications for Mal Ltd. and how

this may assist Mr and Mrs Long in improving their decision-making processes.

2. Conduct some research into costing techniques that Mal Ltd. might find useful. Based

on this research and using the detail in the case, choose a specific technique

(or set of techniques) that you believe would be most suitable. Describe specifically

how your chosen technique(s) could be used by providing tangible examples of how

they would operate within Mal Ltd. It should be clear from these examples how Mal

would determine a product cost for their products. Also, briefly describe why you

consider your chosen technique(s) to be superior to other techniques.

(Please note: you are not required to actually calculate any costs here, just outline

how costing could be done differently. Therefore, you may wish to provide a table or

diagram outlining the operation of your proposed costing technique(s).

3. Using the detail in the case, describe how your chosen method of calculating product

cost will be beneficial within Mal Ltd. and have relevance to management.