PAT0075 Assignment 1

Topics: Cost accounting, Management accounting, Management Pages: 8 (1884 words) Published: April 28, 2015
APPENDIX I
PAT 0075 COST AND MANAGEMENT ACCOUNTING
GROUP ASSIGNMENT
Trimester 3, 2014/2015

Instructions:
1) This is a group assignment with each group not exceeding 5 students 2) Use standard A4 size white paper with Times New Roman font and size 12 3) Line spacing (1.5 lines); 2.54 cm margin
4) Each page (except cover) must be numbered and justified
5) The deadline for submission is on or before 04/05/2015 by 5 p.m. (Monday, week 6)

QUESTION 1
Tenrack is a fairly large manufacturing company located in the southern United States. The company manufactures tennis rackets, tennis balls, tennis clothing and tennis shoes. All products bearing the company’s distinctive logo, a large green question mark on a white flocked tennis ball. The company’s sales have been increasing over the past 10 years. The tennis rackets division has recently implemented several advanced manufacturing techniques, such as robot arms hold the tennis rackets in place while the glue dries, and machine vision systems check for defects. The engineering and design team uses computerised drafting and testing of new products. The following managers work in the tennis rackets division: Jason Dennis, Sales Manager (supervises all sales representatives) Dave Marley, Cost Accounting Manager (supervises cost accountants) Kevin Carson, Production Supervisor (supervises all manufacturing employees) Sally Renner, Engineer (supervises all new-product design teams) REQUIRED

a) What are the primary information needed by each manager? Give examples. (5 Marks)
b) Which, if any, financial accounting report(s) is likely to be used by each manager? Explain. (3 Marks)
c) Name one special purpose management accounting report that could be designed for each manager. Include the name of the report, the information it would contain, and how frequently it should be issued.

(7 Marks)
[TOTAL 15 MARKS]

Grading Rubrics for Assignment Question 1:
(5)
(4)
a) primary
Clear and
Clear and
information detailed
adequate
needed by
explanation of explanation of
each
the primary
the primary
manager
information
information
needed by
needed by
weightage: 1 each manager each manager
with some
with some
examples.
examples.
b) financial
Clear and
Clear and
accounting
detailed
adequate
report(s)
explanation of explanation of
the accounting the accounting
weightage:
reports that
reports that
0.6
each manager each manager
will use
will use
c) one special
Clear and
Clear and
purpose
detailed
adequate
management explanation of explanation of
accounting
management
management
report that
accounting
accounting
could be
report for each report for each
designed for manager.
manager.
each
Include the
Include the
manager
name of the
name of the
report, the
report, the
weightage:
information it information it
1.4
would
would contain,
contain, and
and how
how
frequently it
frequently it
should be
should be
issued
issued

(3)
Clear but brief
explanation of
the primary
information
needed by each
manager with
some examples.

(2)
Unclear
explanation of
the primary
information
needed by each
manager with
some
examples.

(1/0)
No
explanation of
the primary
information
needed by
each manager.

Clear but brief
explanation of
the accounting
reports that each
manager will use

Unclear
explanation of
the accounting
reports that
each manager
will use

Clear but brief
explanation
management
accounting
report for each
manager.
Include the
name of the
report, the
information it
would contain,
and how
frequently it
should be issued

Unclear
explanation of
management
accounting
report for each
manager.
Include the
name of the
report, the
information it
would contain,
and how
frequently it
should be
issued

No
explanation of
the
accounting
reports that
each manager
will use
No
explanation of
management
accounting
report for
each manager.
Include the...
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