Essay on Accounting Unit 7

3694 Words Dec 2nd, 2014 15 Pages
Fran Mackenzie | Management Accounting | Unit 7 | | Zahra Ali | 10/30/2014 |

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Assessor's comments | Qualification | BTEC Level 3 Extended Diploma in Business | Assessor name | Fran Mackenzie | Unit number and title | Unit 7 Management Accounting ( J/502/5419) | Learner name | Zahra Ali | Assignment title | Tasks 1, 2 and 3 Regional Business Support Agency. Costs and Break Even | | Grading criteria | Achieved? | Comments | P1 | | | P2 | | | M1 | | | D1 | | | | General comments | | Action plan | | Assessor signature | Fran MacKenzie | Date | |
Issue date: 6th October 2014
Final hand in date SUBMISSION 1: 3rd November 2014
Student Name: Zahra Ali
Learner’s Declaration:
I
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This is the total amount where the revenue can fall into whilst it’s still staying above the break-even point. The breakeven analysis is there to control the point of the revenue made by the company. This will be equal to the costs that will be related to getting the revenue. 6 2) Calculate the contribution per unit. 7 3) Calculate the break-even point from the information provided. 8 Conclusion 9 Bibliography 9 Reference 9

Introduction
In this report for my P1 I will be explaining the management accounting concepts to a younger audience within the business people in the chosen areas, by providing them with useful advice on costing, how to measure business budgets/performance applications and the break even analysis. For my P2 I will be carrying out a break even analysis for a selected organisation. By using the information and data provided by the SIGNature, I will be showing all my calculation on another document and attach my word and excel documentation together.
Task 1
P1
‘’1.Describe the main cost elements that a business needs to consider, explaining what category the costs fall into.’’- Blackboard
Businesses need to consider many cost elements such as; the capital expenditure, marginal costing, break even analysis costing, revenue expenditure, fixed costs, absorptions of overheads, semi- variable costs, variable costs and semi fixed costs.

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