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BUACC3714 Advanced Management Accounting
Questions:
Assessment
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Question 1:
Darren Kings has worked as production manager for a glass manufacturer in Ballarat. His company was acquired by Transvision Ltd., which is the biggest glass maker in Victoria. Fortunately, Darren is still retained to be the production manager for the regional division of Transvision in Ballarat. Transvision Ltd. has used a balanced scorecard approach to evaluate its employees and managers. Darren’s previous employer has not adopted this approach but based on the traditional budgeted production to assess performance of managers.
a) Suppose that you are a management accountant and Darren’s close friend, briefly explain to him how performance evaluations at Transvision will differ from those at his previous employer.
b) Recommend five possible objectives that Transvision will use, in addition to production level, to evaluate Darren’s performance. For each objective that you identify, be sure to indicate a plausible metric for measuring it.
Click or tap here to enter text.
c) How does the Balanced Scorecard (BSC) help translate strategy into actions? Explain and discuss
any potential problems and challenges in its implementation. fJfi marks]
Click or tap here to enter text.
Part 1
Discuss the role that the management accountants play in organisational decision- making (in the areas that include pricing, cost and quality management, resource allocation, waste management etc.). Support your discussion with suitable examples.
Question 2:
ABC is an air-purifier fan model manufactured by PureAir Limited. The company expects to sell 14,000 units of ABC model in the coming year. The model requires a thermostat component which allows the fan to automatically work upon a pre-set temperature. PureAir has had an internal production division manufacturing the thermostat component in-house. However, the senior managers are considering outsourcing this component to an external supplier.
The purchase decision would eliminate all variable costs but some of the fixed costs. Allocated costs will have to be absorbed by other production departments. Mechanica Limited has offered PureAir a quote to purchase a similar thermostat component with the following information:
1. The lowest quotation for 14,000 units of thermostat component is $294,000
2. freight and inspection costs would be $0.60 per unit; receiving costs of $4,200 per year would be incurred by Pyson.
3. If the thermostat components are purchased on an ongoing basis, one of Pyson’s manufacturing plants would be closed. The facilities would be rented out to produce a net income of $27,000 per year.
4. If the thermostat components are purchased on an ongoing basis, a machine operator from the plant will be transferred to the purchasing department.
Required:
a) Should PureAir Limited continue to produce the thermostat in-house or purchase the component from Mechanica? Justify your answer with an appropriate incremental analysis.
b) What qualitative factors or strategic issues should the senior management consider in making
this make-or-buy decision? [6 marks]
Question 3:
Toy Love is a manufacturer and wholesaler in the toy industry located across Australia. Toy Love has three customer categories: rural, suburban and urban according to their annual order size and sales volume. The company’s senior manager has implemented a simple customer profitability analysis project.
b. Calculate the profitability for each of the customer categories and draw an appropriate conclusion from your analysis.
Hints: conduct a customer profitability analysis based on the above customer related indirect costs.
c. The senior management is concerned with the increasing competition in the toy industry. They have acknowledged that customer relationship management is very important for the company’s competitiveness and growth. Based on your knowledge and the analysis above, advise the senior management on what strategic factors should be monitored in addition to the financial profitability analysis.
Question 4:
To improve production capacity, Flat World Pty has considered a project to purchase a new automated machine. This project requires an initial investment of $800,000. The automated machine is expected to have a useful life of 10 years with a salvage value of $46,000 at the end of year Flat World Pty has always used the straight-line depreciation method in its accounting practice.
With the automated machine, production and sales are expected to increase by 6,800 units per year for the next 10 years.
Required:
a) Given the expected increase in sales, calculate the incremental before-tax profit for each year.
b) Calculate the annual incremental after-tax cash llows for each year for the company’s project on purchasing the automation equipment.
c) Based on your calculations, should the company invest in the automated machine? Calculate and interpret each of the following for the project.
BUACC3714 Advanced Management Accounting
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