Management Accounting exercises

Topics: Management accounting, Activity-based costing, Costs Pages: 69 (12110 words) Published: December 14, 2014
NOVA SCHOOL OF BUSINESS AND ECONOMICS

MANAGEMENT ACCOUNTING (1202)
HANDBOOK OF EXERCISES

2014 / 2015

Page 1 / 69

NOVA SCHOOL OF BUSINESS AND ECONOMICS

MANAGEMENT ACCOUNTING (1202)
HANDBOOK OF EXERCISES

2014-20151
I - Introduction to Management Accounting
Exercise 1
Exercise 2
Exercise 3
Exercise 4
Exercise 5
Exercise 6

- The MA Company
- The Alimentar Company
- The Alfa Company
- The Metalex Company
- The Reparadora Company
- The DoceAroma Company

II - Inventory Valuation and Profit Measurement
Exercise 7
- The Beta Company
(discussed in theoretical class)
Exercise 8
- The Finish Manufacturing Co (partly discussed in theoretical class) Exercise 9
- The Movilinda Company
Exercise 10 - The MassaItaliana Company
Exercise 10 A – An Online retailer
Exercise 11 - The Raçãoforte Company
Exercise 12 - The Sumocalda Company
Exercise 13 - The BomAzulejo Company
Exercise 14 - The X Company (ABC)
Exercise 15 - The Supermercado da Estrela (ABC)
Exercise 16 - The Clínica de Reabilitação Santa Isabel (ABC) Exercise 17 – Jane (ABC)
Exercise 18 - The Lusitano Bank (ABC)
Exercise 18 A - M Company (ABC)
Exercise 19 - The LiquiAdub Company (Losses)

III – Information for Decision-making
Exercise 20 - The BoaPinga Company
Exercise 20 A - The Agricultural Fertilizers Co
Exercise 21 - The Alfalinha Company
(partly discussed in theoretical class)
Exercise 21 A – The Smith Company
Exercise 22 - The Alcoólica Company
Exercise 23 - The Zata Company
Exercise 24 - The VinhoEspirituoso Company
Exercise 24 A - The SoftGest Company
(partly discussed in theoretical class)
Exercise 25 - The Sótintas Company
Exercise 25 A - The MaxiPesca Company
Exercise 25 B – The Few Hours and Many Orders Company
Exercise 26 - The Auto-Hoje Company
Exercise 27 - The Software House
Exercise 27 A - The Mecanex Company
Exercise 28 - The Canoex Company
Exercise 29 - The Industrial Company

1

Some exercises included in this handbook are adapted from questions of previous exams or midterm tests of the course.

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NOVA SCHOOL OF BUSINESS AND ECONOMICS

MANAGEMENT ACCOUNTING (1202)
HANDBOOK OF EXERCISES

IV – Information for Planning and Control
Exercise 30 - The Imaginária Company
Exercise 31 - The BemOrçamentada Company
Exercise 32 - The Industrex da Beira Litoral Company
Exercise 33 - The OrçamentaBem Company
Exercise 34 - The Consultex Company
(Discussed in theoretical class)
Exercise 35 - The Táxis PéLigeiro Company
Exercise 36 - The Sector Industrial Company
Exercise 37 – The Happy Company
Exercise 38 - The MoaBem Company
Exercise 39 - The JOC Company
Exercise 40 – The Atlântica Company
(Discussed in the theoretical class)

V - Performance Evaluation
Exercise 41
Exercise 42
Exercise 43
Exercise 44

- The Industrex Company
- The Sol&Praia Hotel Chain
- The National Hotel Chain
- The Company

(Discussed in the theoretical class)

Annex 1: Glossary of terms in Portuguese

Page 3 / 69

NOVA SCHOOL OF BUSINESS AND ECONOMICS

MANAGEMENT ACCOUNTING (1202)
HANDBOOK OF EXERCISES

Exercise 1
The MA Company, which uses First In, First Out (FIFO), has shown the following data regarding yr N:

(amounts in €)
Of finished goods
Of work in progress goods
Total

Opening
inventory
139.000
13.000
152.000

Closing
inventory
?
9.000
?

Breakdown of the current costs by function:
Financial
revenues
25.000€

Manufacturing
Costs
550.000€

Selling Costs
50.000€

General and
Administrative
Costs
42.500€

Financial
Costs
22.500€

Movements in finished goods:
Units
10.000
40.000
30.000
20.000

Opening Stock
Production
Sales
Closing Stock

= 139.000€
SP = 18€/unit

a) Determine the COGM, the profit before taxes and the value of the closing inventory of finished goods for the MA Company in year N.

Now, imagine that the following additional data regarding the operations of MA Company in year N was available:...
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