Management Accounting For Business Decision– BUSS (23002) – Fall-19–CW-1-QP
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Instructions to Student:
 Answer all questions and generate an Individual Report of 2500 words – 40% marks.
 Marks awarded in the assessment are provisional till it is approved by the Exam Board.
 Submit IA through Moodle as per the date specified in the MIG
 Feedback will be discussed orally in class and in writing on Moodle within two weeks after final submission
 Plagiarism policy is as per the MEC guidelines updated, uploaded on Moodle and presented in class
Learning Outcomes:
1. Understand and apply costing models to complex business problems.
2. Critically evaluate managerial accounting models.
3. Understand and apply techniques relevant for short term decision making in a business context.
4. Identify the importance of behavioural aspects in management accounting, in relation to budgeting and delivery of strategies.
Q1: Your Company, a leading fertilizer manufacturer has asked you to submit a cost-volume-profit analysis report for the two products being produced in your company. (40 marks)
Particulars
Product A
Price per unit (RO)
Product B
Price per unit (RO)
Sales price
20
15
Material
10
9
Individual Assignment Fall 2019
Module: Management Accounting For Business Decision (BUSS 23002)
ID NUMBER
Level:2
Max. Marks: 100
Duration: 4 Weeks
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Direct wages
3
2
Variable expenses
100% of direct wages
100% of direct wages
Fixed expenses
RO 800
 The following scenarios are predicted by the Management:
Scenario 1: 100 units of product A and 200 units of product B
Scenario 2: 150 units of product A and 150 units of product B
Scenario 3: 200 units of product A and 100 units of product B
You are required to:
A. Compute the contribution per unit of both Product A and Product B. Find out total contribution and profits for each of the scenario. (5×3=15 marks)
B. In your opinion which is the most profitable scenario and justify your recommendation. (5 marks Profitable scenario + 5 Marks recommendations)
C. Evaluate the role of CVP analysis in taking business decisions with appropriate literature review. (15 marks Literature Review)
Q.2 Ahmed Traders LLC is providing the following information. You are required to prepare Cash Budget for the period of 6 months from July to December 2019. All amounts in Rials. (30 Marks)
Month
Sales
Rent
Marketing Expenses
Salaries
Administrative Expenses
July
50,000
4,000
3,000
5,000
2,000
August
60,000
6,000
4,000
2,000
3,000
September
70,000
6,000
7,000
6,000
3,000
October
80,000
4,000
6,000
6,000
4,000
November
90,000
6,000
3,000
6,000
7,000
December
100,000
6,000
4,000
4,000
3,000
Additional information:
a) Cash sales 50% and the balance in the following month.
b) Commission received RO 10,000 in the month of November.
c) Sale of Fixed Assets in the month of December for RO 3,000
d) Purchase of Printing Machine in September RO 70,000
e) Interest payment to bank RO 50,000 in the month of October
f) All other expenses are paid on the 1st of next month.
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You are required to
A. Prepare Cash Budget for the period of 6 months from July to December 2019. (20 Marks)
B. Explain the advantages and disadvantages of cash budgeting with appropriate literature review. (10 Marks)
Q.3 Explain Break-Even Analysis. You are required to explain it along with examples and graphs. Mention following terms in graph also. (20 Marks)
(i) Cost
(ii). Variable Cost
(iii). Break-Even Point
Instructions to Students:
1. Assignment components: Part-1
Q. No
Deliverables
Marks
1A
Compute the contribution per unit of both Product A and Product B. Find out total contribution and profits for each of the scenario. (5×3=15)
15
1B
In your opinion which is the most profitable scenario and justify your recommendation. (5 marks Profitable scenario + 5 Marks recommendations)
10
1C
Evaluate the role of CVP analysis in taking business decisions with appropriate literature review. (15 marks Literature Review)
15
2A
Prepare Cash Budget for the period of 6 months from June to December 2019.
20
2B
Explain the advantages and disadvantages of cash budgeting with appropriate literature review. (5+15=10)
10
3
Explain Break-Even Analysis.
5
3 (I) (ii) (iii)
Fixed Cost, Variable Cost, Mixed Cost (5×3= 15)
15
References and uses of e-resources
5
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Reflection report on Industry Guest Speaker
5
Total
100
Note:
1. The report should have table of contents and appendix if any.
2. Appropriate references using C.U. Harvard style of referencing and in-text citations are mandatory.
3. The report to follow font style Times New Roman, font size 12 and text color black.
4. Submission should be through Turnitin and is subject to plagiarism and late submission policies of the college (Refer Student Manual).
Plagiarism Policy
As per MEC policy, any form of violation of academic integrity will invite severe penalty. Plagiarised documents, in part or in whole, submitted by the students will be subject to this policy.
A. First offence of plagiarism
a. A student will be allowed to re-submit the assignment once, within a maximum period of one week. However, a penalty of deduction of 25% of the marks obtained for the resubmitted work will be imposed.
b. Mark deduction: When the work is resubmitted, the marking will be undertaken according to the marking criteria. In compliance with this policy, the 25% deduction is then made on the marks obtained. For example, in an assessment that carries a maximum of 50 marks, suppose a student were to obtain 30 marks for the resubmitted work, the final marks for that assessment will be 22.5 (after deducting 25% of the marks actually obtained for the resubmitted work).
c. Period of resubmission: The student will have to resubmit the work one week from the date he or she is advised to resubmit. For example, if the formal advice to resubmit was communicated to the student on a Sunday (latest by 5 pm), the student will have to resubmit the work latest by next Sunday 5 pm.
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d. If the re-submitted work is also detected to be plagiarized, then the work will be awarded a zero.
e. Resubmission of the work beyond the maximum period of one week will not be accepted and the work will be awarded a zero.
B. Any further offence of plagiarism
a. If any student is again caught in an act of plagiarism during his/her course of study (either in the same module, same semester or in any other semester), the student will directly be awarded zero for the work in which plagiarism is detected. In such cases, the student will not be allowed to re-submit the work.
C. Guidelines
a. Type 1: In case plagiarism is detected in any component or part submission (submitted at different times) of one assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted.
b. Type 2: In case plagiarism is detected in a group assessment, all students of the group will be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students.
c. Type 3: Combination of Type 1 and Type 2: In case plagiarism is detected in any component or part submission (submitted at different times) of a group assessment (assignment), the deduction in marks will be applicable for the whole assessment (assignment), even if only the component or part submission alone needs to be resubmitted. All students of the group would be considered as having committed an act of plagiarism irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all the students of the group.
d. Type 4: Variation of Type 1 and Type 2: In cases where the assessment consists of components or part submissions that could be a group assessment component (e.g. group
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assignment) and an individual assessment component (e.g. individual reflection), the following will be applicable:
1. If plagiarism is detected in the group assessment component, all students of the group will be considered as having committed an act of plagiarism, irrespective of whether plagiarism is on account of the act of all or a few or only one member. The policy will then be applied to all students of the group. In such cases the group assessment component will be resubmitted as per the policy.
2. If plagiarism is detected in the individual assessment component, the individual assessment component will be resubmitted as per the policy. The policy will then be applied to that student alone.
3. In both cases (a) and/or (b), the deduction in marks will be applicable for the whole assessment (assignment).
D. Amount of similar material
a. The total amount of similar material in any form of student work from all sources put together should not exceed 30% (including direct quotations).
b. The total amount of quoted material (direct quotations) in any form of student work from all sources put together should not exceed 10%.
c. The total amount of similar material in any form of student work from a single source should not exceed 7 percent. However, cases having a similarity of less than 7 percent in such cases may still be investigated by the faculty depending on the seriousness of the case.
d. If faculty member find enough merit in the case of a student work with a similarity (with a single source) of more than 7 percent as not a case of plagiarism, the faculty member should provide detailed comments/remarks to justify the case.
Grading Policy
For a mark of
84-100%
Distinction
For a mark of
70-79%
Very Good
For a mark of
60-69%
Good
For a mark of
50-59%
Satisfactory
For a mark
0-49%
Unsatisfactory
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1A
Compute the contribution per unit of both Product A and Product B. Find out total contribution and profits for each of the scenario. (5×3=15)
Outstanding application of numeracy skills and excellent ability to apply the tools.
Clear application of numeracy skills and ability to apply the tools.
Acceptable application of numeracy skills and ability to apply the tools.
Adequate application of numeracy skills and reasonable ability to apply the tools.
Made an attempt to apply numeracy skills and little or no ability to apply the tools.
1B
In your opinion which is the most profitable scenario and justify your recommendation. (5 marks Profitable scenario + 5 Marks recommendations
Outstanding interpretation of profitable scenario in the analysis and very meaningful recommendations drawn in relation to the company of evaluation
Clear interpretation of profitable scenario analysis and meaningful recommendation drawn in relation to the company of evaluation.
Acceptable interpretation of profitable scenario analysis and recommendations drawn in relation to the company of evaluation
Adequate interpretation of a profitable scenario analysis and limited recommendations drawn but generic in nature and not in relation to the company of evaluation
Made an attempt to do profitable scenario in the analysis and with no recommendations drawn or conclusions not in relation to the company of evaluation
1C
Evidence of rigorous literature review and scholarly works.
Evidence of wide range of literature review and scholarly works.
Evidence of good literature review and scholarly works.
Adequate literature review and scholarly works.
Limited or little literature review and scholarly works.
2A
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Prepare Cash Budget for the period of 6 months from June to December 2019.
Outstanding application of numeracy skills.
Clear application of numeracy skills.
Acceptable application of numeracy skills.
Adequate application of numeracy skills.
Made an attempt to apply numeracy skills.
2B
Explain the advantages and disadvantages of cash budgeting with appropriate literature review.
Outstanding appropriately justified advantages and disadvantages of cash budgeting with appropriate literature review.
Clear advantages and disadvantages of cash budgeting with appropriate literature review
Acceptable justified advantages and disadvantages of cash budgeting with evidence of good literature review.
Adequate advantages and disadvantages of cash budgeting with limited coherence to the evaluation and minimum justification with reasonable literature review.
Made an attempt to advantages and disadvantages of cash budgeting with little or no coherence to the evaluation and little or no justification.
3A
Explain Break-Even Analysis
Outstanding explanation about Break even analysis and excellent review of literature.
Clear explanation about Break even analysis and good review of literature
Acceptable explanation about Break even analysis and acceptable review of literature
Adequate explanation about Break even analysis and limited review of literature.
Made an attempt to explanation about Break even analysis and little review of literature.
3B
Examples of Break-Even Point and required graphs
Outstanding Break-Even Point examples and required graphs has been designed and
Clear Break-Even Point examples and required graphs has been designed and evaluation
Acceptable Break-Even Point examples and required graphs has been designed.
Adequate Break-Even Point examples and required graphs has been designed with limited coherence to
Made an attempt to Break-Even Point examples and required graphs designed with little or no
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appropriately justified.
and properly justified.
the evaluation and minimum justification.
coherence to the evaluation and little or no justification.
Reflection report on Industry Guest Speaker
Outstanding understanding is exhibited with excellent explanations
Very good understanding is exhibited with good explanations
Acceptable understanding is exhibited with acceptable explanations
Adequate understanding is exhibited with adequate explanations
Poor understanding is exhibited.
General
Outstanding presentation, logically structured, using correct grammar and spelling, accurate referencing and bibliography correctly using the CU Harvard Style.
Good presentation, completely structured, acceptable grammar and spelling, generally well referenced with correct use of the CU Harvard Style.
Acceptable presentation and structure, acceptable grammar and spelling and acceptable referencing. Generally accurate use of CU Harvard Style.
Adequate presentation and structure, grammar and spelling and adequate referencing. CU Harvard Style used but may contain some inaccuracies.
Poor/weak presentation, grammar and spelling, little or no referencing, incorrect style, or very inaccurate use of CU Harvard style.

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