Ex 3:

- Manufacturing Overhead cost:

+ Direct Labour Cost = Wages x Labour Hours = 2,000 x 10 = 20,000

+ Actual Overhead Cost = 45,000 / (20,000 + 15,000) * 20,000 = 45,000 / 35,000 *

20,000 = 25,714

+ Budgeted Overhead Cost = 20,000 * 1.2 = 24,000

+ Over Allocated Value = Actual Overhead Cost - Budgeted Overhead Cost = 25,714

24,000 = 1,714

- Total cost of Moonlight Project:

+ Over allocation actual costing = 900,000 + 20,000 + 25,714 + 50,000 = 995,714

+ Over allocation normal costing = 900,000 + 20,000 + 24,000 + 50,000 = 994,000

Ex 4:

a. Profit of Moonlight project:

- Revenue:

Normal = Actual = $1,000,000

- COGS:

Actual = $995,714
 Normal = $997,000

- Income:

Actual = $4,286

Normal = $3,000

b. Cost of statement:

Actual Costing Normal

Costing
$ % $ %
Raw material 50,000 5 50,000 5

cost
Direct labour 20,000 2 20,000 2

cost
Manufacturing 25,714 2.6 24,000 2.4

overhead cost
Beginning cost 900,000 90.4 900,000 90.2
Cost of 995,714 100 997,000 100

moonlight

project

Ex 5:

Management accounting is a part of an organization's information system.

Managers rely on management accounting information to plan and control their

operations.
 In terms of managerial accounting, according to Michel Lebas, while financial

accounting emphasizes the activity of assets, capital and financial condition of the

business, management accounting focuses on the effects to the process of creating value

of the business.

In terms of formation, development, management accounting usually starts with

cost accounting. That process is essentially a process of developing from cost information

to planning, controlling, and directing production to information of an economic nature to

comprehensively administer governance, from small to big business. Therefore, the

implementation of management accounting is the following: Establishing the process of

developing and developing a system of cost information, income, and profitability within

the enterprise into a comprehensive information system. Management of the value

creation process of the enterprise.

There are 4 different types of management accounting systems:

- Cost Accounting Systems:

Is a structure utilized by firms to evaluate the cost of their items for productivity

examination, stock valuation and cost control.

- Inventory Management Systems:

Combines the utilization of desktop programs, cell phones, barcode,.. to streamline

the administration of stock.

- Job Costing System

Requirements to collect three sorts of data:

Direct Materials

Direct Labor

Overhead expenses

- Price Optimizing System:

 Work in three basic evaluating components: Evaluating system, the estimation of the

item to both purchaser and vender, strategies that deal with all components affecting

gainfulness

Ex 6:

There are 4 methods:

- Group of economic methods:

The methods that affect management objects through economic benefits by using

economic levers, to allow the management to choose the most effective way of operating

within their scope.

- Group of administrative methods organization:

The methods of interaction based on the organizational relationships of the management

system. This method of grouping has a great role in management in order to establish

order, solve the problems.

- Psycho-social group:

Are the ways to influence the perception and emotions of employees to improve their

sense of self and enthusiasm in performing tasks.

- Specific management techniques and techniques:

 These are methods and techniques that perform specific functions such as planning

skills, change management skills, assignment-authorization, time management.

Evaluate: In practice management cannot absolutize a certain method that must

have a synthetic view, must know the rhythm and flexibility of management methods

together to improve management efficiency because: (1) Managers are complex systems

that include many factors and relationships that exist and develop in a constantly

changing environment. (2) all management approaches are human-based, where human

nature is the sum of social relationships, and human activity is motivated by a

combination of methods; (3) each management method has its own strengths and

weaknesses that need to be combined to complement one another. However, managers

need choose a key management method that is based on management ideas to suit

management objectives, to bring into play the best internal strength of each individual to

create success for the unit.

References:

1. Anon, (2017). [online] Available at:

http://colbournecollege.weebly.com/uploads/2/3/7/9/23793496/unit_5_week_2_-

_different_types_of____management_accounting_systems.pdf [Accessed 24 Oct.

2017].
2. Bui, H. (2012). Vai Tr Ca K Ton Qun Tr Trong iu Hnh Doanh Nghip.

[online] Saga.vn. Available at: http://www.saga.vn/vai-tro-cua-ke-toan-quan-tri-

trong-dieu-hanh-doanh-nghiep~34571 [Accessed 24 Oct. 2015].

3. Ketoandc.com. (2017). Vai tr v cc phng php qun tr ? u nhc im.

[online] Available at: http://www.ketoandc.com/vai-tro-va-cac-phuong-phap-quan-

tri-uu-nhuoc-diem.html [Accessed 24 Oct. 2017].

4. Misa.com.vn. (2015). H thng k ton qun tr trong doanh nghip. [online]

Available at: http://www.misa.com.vn/tin-tuc/chi-tiet/newsid/5165/He-thong-ke-

toan-quan-tri-trong-doanh-nghiep [Accessed 24 Oct. 2012].

5. Vi.wikipedia.org. (2017). K ton qun tr. [online] Available at:

https://vi.wikipedia.org/wiki/K%E1%BA%BF_to%C3%A1n_qu%E1%BA

%A3n_tr%E1%BB%8B [Accessed 24 Oct. 2017].