What function does feedback play in the work of the manager and who provides it? Discuss. Your discussion must be supported by the relevant readings and real world examples. You must disclose the source of your information by referencing. Question 2 (5 marks)

What function does feedback play in the work of the manager 

What role does feedback play in a manager’s job, and who gives it? Discuss. You must provide relevant literature and instances from the real world to back up your arguments. References are required to identify the information’s source.
Question 2 (five points)

Management Accounting S3, 2016 Assignment 2 (ACC00146) (20 points)
Question 1 (5 points): What role does feedback play in a manager’s work, and who gives it? Discuss. You must provide relevant literature and instances from the real world to back up your arguments. References are required to identify the information’s source.
What distinguishes the contribution approach to the profit and loss statement from the conventional approach to the profit and loss statement? (5 points). And the reason why managers choose the contribution strategy Discuss. You must provide relevant literature and instances from the real world to back up your arguments. References are required to identify the information’s source.
Question 3 (five points)
A product made by Valcor Company reaches its annual sales high in March. The following table lists the company’s projected sales for the first quarter of 2013:
February and March Total sales as budgeted: $50,000 $65,000 $75,000 $190,000
The corporation is eager to ascertain the budgeted cash receipts from sales in order to have information available for creating a cash budget. In order to do this, the following data has been gathered:
Revenue from sales:
60% in the sales month
30% one month after the sale
8% in the second month after the sale
2.0% uncollectable
Customers who pay in cash during the sales month receive a 2 percent discount from the business. Starting the year with a balance of $22,000, the uncollected sales from November and December total $4,000 and $18,000, respectively.
Required:
a. How much money was sold overall in November? as of December? (1 mark)
b. Create a timetable outlining the projected sales-related cash receipts by month and overall for the three-month timeframe. (2 markings)
What crucial elements must be taken into account when planning cash collection from sales when establishing a cash budget? When organizing the payment of suppliers in cash, Discuss. You must provide relevant literature and instances from the real world to back up your arguments. The source of your information must be acknowledged (2 points).
Question 4 (five points)
The following information is available for the one item made by the Bart Company:
Direct Resources, Direct Work
Amount allotted per 3 kilograms of time?
$5 per kilogram per hour is the estimated cost.
$15 is the planned cost per unit.
The company spent $55,650 on direct supplies during the most recent period, all of which were utilized to create 3,200 units of the product, and spent $36,750 on 4,900 hours of direct labor. There are accessible variances for the following:
Variation in Direct Material Efficiency of $4,500 U
$1,650 in total direct labor variation
Variation in Labor Efficiency of $800 U
Required: 1.25 points each.
Determine the exact cost per kilogram of direct materials.
b. Determine the price variation of the materials.
c. Determine the direct labor rate per direct labor hour that is budgeted.
d. Determine the budgeted hours permitted for the period’s output as well as the budgeted hours permitted per unit.
THE FINAL

 

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