Cost per patient-year N$22 000 N$29 800 N$22 667 1 3 Advantages (benefits) which Medicare could obtain by implementing an ABC system: 1 Medicare can gain a more detailed understanding of costs and cost drivers This is useful from a cost management perspective 2 ABC will help Medicare identifying which programs are the most costly to operate 3
• The amount of pension cost for defined benefit plan shall be determined by the use of an immediate-gain actuarial cost method • The amount of pension costs for a cost accounting period are assignable only to that period • Costs are allocable to the extent that they are funded • Effective date: March 30, 1995 - Next cost accounting period
1 Explain the meaning and scope of cost accounting; 2 S tate the objectives of cost accounting; 3 D ifferentiate between cost accounting and financial accounting; 4 Comprehend the importance of cost accounting ; 5 Understand the Objections to Cost Accounting and rebuttal thereof ; 6
ASSIGNMENT 1 QUESTION 1 [16 Marks] a) No Statement Financial Accounting Management Accounting Mark 1 Prepares financial statements 2 Emphasis is on the past rather than the future 3 Focuses on parts as well as the entire enterprise 4 It is subject to the principles of GAAP 5
ASSIGNMENT ONE QUESTION 1 (25 Marks) a ) The financial consequences would be as follows; If the Oshakati depot is closed the sales revenue of N$1 5 million will be forgone However, tyres cost of N$900 000, wages and salaries of N$220 000 and 15 of overheads (15 X N$430 000 = N$64 500) would no longer be incurred
(d) Reconciliation of cost accounting records with financial accounts (e) Infrastructure Disclosure: l The basis of assignment of overheads to the cost objects
Group Discussion Forum And Term Paper Assignments Congruently WEEKS costing compliance with social, environmental and sustainability requirements
Cost and Management Accounting II Assignment Give short Answer for the following 1 What does Budgeting involve in organizations?