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This assignment is part of the continuous assessment and feedback. It is a group assignment with a maximum of three students. Please note again that as this is a group assignment and all students in the group are expected to work together and to contribute equitably. 30 % marks have been allocated to the group based case study report prepared on the basis of analysis of the annual report of the company allocated to the group and each student in a particular group will score same mark.
Due date of submission of assignment. Due date of submission of group assignment for all students is Friday week 9. Late assignments - Extensions for assignments need to be made through Federation University’s special consideration procedures. Assignments submitted after the due date without special consideration granted, will be automatically penalised at a rate of 10% per day late. Assignments will not be accepted if more than five days late, unless prior approval has been given.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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