Management accounting Assignment Example | Topics and Well Written Essays - 2000 words

Management accounting - Assignment Example These total overhead costs are then divided by the total number of labour hours to obtain the budgeted factory over head rate. That rate is multiplied by the number of hours to complete one unit of Vivaldehyde and Kathanol in order to determine Factory Overhead Rate per unit of Vivaldehyde and Kathanol. These FOH rates are then multiplied by the total number of units of both Vivaldehyde and Kathanol to obtain Total Factory Overhead costs. Similarly, total number of units produced was then multiplied by direct material cost per unit and direct labour cost per unit in order to calculate total direct material cost and total labour cost respectively. Per unit direct material cost, per unit direct labour cost and per unit factory overhead cost were then added to get the total per unit cost of both products. 40% mark-up was then added on the total per unit costs of both the products in order to arrive at the selling prices for both of the products. Activity Based Costing is the technique that is applied due to the lack of appropriateness of the traditional Absorption Costing. For Activity Based Costing, in the first step the relevant cost drivers and their total activity levels are identified which cause the factory overheads to incur. Total factory overhead costs of every department are then divided by the relevant activity level of each cost drivers to find out the activity rates. Those activity rates are then multiplied by the exact level of activity consumed by each product to obtain the factory overhead cost incurred by the each product. In this way, the factory overhead rate is calculated. Factory overhead rate along with direct material per unit as well as direct labour per unit are then added up to reach at the total cost per unit of both Vivaldehyde and Kathanol. Total Factory Overhead Costs of both products are having different values in Activity Based Costing than those of Absorption Cost due to

Math Project Essay Example | Topics and Well Written Essays - 1000 words

Math Project - Essay Example The body structures like kidneys, respiratory structures have been able to be shown on their functionality which has played a major role in improving the treatment of its illnesses. Mathematical models have also helped in the coming up with structures like structures and machines contributing largely to the development of technology. Buildings are first sketched into shapes which are preferably and through that they are able to calculate on the materials to be used in the buildings. Through the models people have tried to come up with various ideas on how they can construct and also improving on the kind of structures to be put in place. Bigger and better buildings have been able to be constructed through mathematical models improving its technology as they use better machinery (Berry 2006, pg.41). Through the models most of the people who have visualize are able to put up into images and the mathematical modeling they are able to come up with building of various different shapes (Kl amkin 2007, pg.45). This has led to the emergence of machineries which are used in making work easier. Scientists find it easier to use models in coming up with ideas while creating machines in different fields. Mathematics models help in solving engineering complexities brought about by the technology evolution. It assists by giving out possibilities to be used in order to manage the technological complexities incurred. They are able to give new ideas or solutions in fewer periods thus more innovations leading to a positive effect to the industry saving time and money. Graphs have also contributed largely in determining the trend or behavior of certain things like in medicine it is used in hospitals in testing pulse rate, blood pressure and other illnesses. Through the graphics instruments in mathematical modeling various people are able to use in stating their industry’s potential like the industry is able to tell if there has been a rise in their profitability and also be able to see their trend and compare it with other competing companies (Gibbons 2005, pg.12). Mathematical models have been used as a teaching guide to the children as they are taught various shapes. In education and also industries it has been able to help in calculation of volume, mass which makes it easier. It has been used in calculating the amount of cement in building, construction and also in medicine in finding the amount or quantity of medicine to patients. Mathematics has contributed largely to the world’s technology evolution. Its contribution has played a major role in many technologies being discovered either scientifically as is assists in calculation etc. Most of the building or infrastructure has majorly depended on calculations in order to put up structures (Berry 2006, pg.67). Through calculus and geometry they are able to construct a sketch on the architecture world. Mathematics provides the platform for architecture through the measurements for example math ematics contributes the unit of measurement for building in meters, inches or feet in which technology simply encodes and decodes. Mathematics also contributes to building of technological hardware because it creates basis of forming these hardwares through shapes and sizes. Sizes in the sense that the developers use inches and centimeters to create these hardwares otherwise technology would not have a standard for example the developers of computers use inches to