MGT510 - Managerial Accounting Report - Swipe 50 Case Study - Accounting And Finance Assignment Help

Assignment Task

The Purpose and Context - This assignment will help you develop your understanding of the managerial accounting processes and you  will earn how different accounting methods create different pictures for a company given the same data. 

Case Scenario - 

Swipe 50 limited manufactures a specialized screen protector for laptops computers. The  plus swipe is a screens protector that prevent scratches on laptop screens. The company  has been in operation for 3 years and now that company has refined its production  process, the directors have decided to focus on the income and cost arising from the  activities. Therefore, the CFO, Tamara J. Blooms, wants to focus on product costing. She  wants to look into how both absorption and variable costing affect the profits of the  company. The following information is available for the month February and March: 

Additional Information 

1. Swipes 50 Ltd. production capacity 20,000 units per month. 

2. Fixed production overheads are €28,600 per month. 

3. Swipe 50 sells Plus Swipes at €22 each. 

4. On 31st January,the company’s warehouse has noPlus Swipesininventory. 5. Fixed and variable elements(variable portion is incurredbased on units sold) are included in the total administration expenses.

Assignment Instructions
Please create a report for 50 swipes limited and please include the following in your report.
1. Preparea profitstatementforSwipe50Limitedforthemonthof FebruaryandMarchusing:
a. Absorption costing
b. Variable costing
2. Reconcilethe profitcalculatedusing absorption costingto thatusingvariablecosting.(20%)
3. Explain howeachmethoddiffers fromthe othermethod and also explain the importanceof the eachmethods.
4. Explain three waysthat Swipes 50 Ltd. can improve its accounting systems.
5. State why managing accountingjobs are importantinamanufacturingcompany.

Requirements
1. 3,500 – 4,000 words with APA Format
2. Double-spaced (2.0) or One and a Half (1.5) spaced
3. 12 pt. Times New Romanfont
4. Page Number (footer, right bottom corner)

5. 4majorsections: Table of Content, Title Page, Main Body, References.

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