Download CIMA Official Learning System Management Accounting Decision by Jo Avis, Louise Burke, Colin Wilks PDF

By Jo Avis, Louise Burke, Colin Wilks

The recent variation of CIMA's respectable studying structures has been written along side the Examiner and the CIMA college to totally replicate what should be proven within the examination.

Updated with new case experiences and labored examples, the educational structures supply whole examine fabric for the could and November 2009 tests.

The absolutely revised paperback variants function complete color all through and comprise:
* perform questions all through
* whole revision part
* subject summaries
* urged interpreting articles from more than a few journals
* Q & A's

CIMA reliable studying structures are the single fabrics written and recommended by way of the CIMA school.

* The professional studying structures are the single research fabrics recommended by way of CIMA
* absolutely revised with new examples and case experiences
* Written through the Examiner
* entire built-in package deal incorporating syllabus advice, complete textual content, instructed articles, revision publications and broad query perform

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Read Online or Download CIMA Official Learning System Management Accounting Decision Management, Fifth Edition (CIMA Managerial Level 2008) PDF

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Extra resources for CIMA Official Learning System Management Accounting Decision Management, Fifth Edition (CIMA Managerial Level 2008)

Sample text

The first step is to select the highest and lowest activity levels and then use the index numbers to eliminate the effects of inflation. High – year 3 Low – year 1 Increase ’000 miles 3,160 2,590 570 £ 27,302 ϫ 100/110 23,680 Cost at year 1 prices, £ 24,820 23,680 1,140 Variable cost per ’000 miles at year 1 prices ϭ £1,140/570 ϭ £2 Fixed cost, substituting in year 1 ϭ £23,680 Ϫ (2,590 ϫ £2) ϭ 18,500 at year 1 prices. The cost for year 5 can now be estimated, using a price index of 120. Variable cost 3,100 ϫ £2 ϫ 120/100 Fixed cost £18,500 ϫ 120/100 Total cost estimate £ 7,440 22,200 29,640 The major problem with the high–low method is that it takes account of only two sets of data.

1. First a scattergraph is drawn which plots all available pairs of data on a graph. 2. Then a line of best fit is drawn by eye. This is the line which, in the judgement of the user, appears to be the best representation of the gradient of the sets of points on the graph. 9. 9 Scattergraph 3. The point where the extrapolation of this line cuts the vertical axis (the intercept) is then read off as the total fixed cost element. The variable cost per unit is given by the gradient of the line. 9, the fixed cost contained within this set of data is adjudged to be £200.

Once this number of copies is exceeded, a constant charge is levied for each copy taken. 7 is most common in practice and in examination situations. 8 Semi-variable cost MANAGEMENT ACCOUNTING – DECISION MANAGEMENT (a) The high–low method. (b) The scattergraph method. (c) The least squares method of regression analysis. You will have learned about the least squares method in your earlier studies. If you do not recall the details of the method then you should refresh your memory. In this text we will look at methods (a) and (b) in more depth.

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