MGA 103 : Managerial Accounting - Raajje Fresh is a Newly Registered Business Case Study - Management Assignment Help

Assignment Task:

Task:

Instructions

Raajje Fresh is a newly registered business with the aim to promote locally produced products in the growing Food industry of the Maldives. Their products are mainly sold on social media platforms such as Facebook/Instagram etc. and via their official website, www.raajjefresh.com. Addition information about the business and their products will be available from the brochure attached with this assignment. Annex 1. Raajje Fresh provides the following information relating to their current operations (3000 units) for a given period of time: MVR 3000 Bottles price 25782.6 2 years Website hosting 1201.28 Stickers printing price 5723.45 Shipment of stickers 2280 Delivery Order charges 3793.32 Customs duty 744 Clearance 360 Shipping documentation 413 MPL charges 554.38 Rent of warehouse 6500 Wages 3000 Raw Materials 4000 Unit Selling price 231 Assessment Brief: Managerial Accounting (MGA 103) 4 Annex  2. The following overhead information is also available Production Packing Administration Direct Costs (MVR) 7,000 34,530.05 - Overheads (MVR) 6,500 5,120.7 1201.28 Administration Usage (in %) 20% 80% Labour hours 4500 hrs 1500 hrs You are Accountant of the company and you are being asked to submit a report to the Management regarding following matters:

1) Briefly discuss the different cost classifications which are relevant for a business like Raajje Fresh.

2) Using the information in Annex 1, identify the Fixed Costs and Variable Costs, showing them in a table.

3) Using the table prepared in (2) above, prepare a break-even chart for the given period (with clear labels).

4) Using the information in Annex 2, prepare an overhead summary, showing clearly the total overheads for each department. Prepare the following calculations using the total overhead for each department:

i. Calculate the Overhead Absorption Rate (OAR) based on Labour hours.

ii. Calculate Overhead Absorption Rate (OAR) based on number of units (for 3000 units)

iii. Calculate the Total Cost per unit from the available information (use OAR based on cost per unit)

iv. Which of the above absorption bases is more suitable for Raajje Fresh?

5) Using your calculations from above, analyze the data and provide recommendations to the Management on Costing and Pricing strategies for different products the business is selling. Provide your view on using overhead absorption technique on pricing decisions of different products the business is currently selling.

Please follow the guidelines below.

1. Your assignments should be word limit of 2500. (10% above or below acceptable).

2. For all others please follow general guideline.

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