Managerial Accounting

Q1. Balanced score card is considered one of the innovated accounting tool to measure the performance from different perspectives to improve the performance.  Kindly, develop a balance scorecard for any manufacturing company in the kingdom explaining the cause and effect relationship among the performance measures under all dimensions. (2.5 marks)

Answer:

Q2. Budgeting is an accounting tool for planning and controlling purposes. Kindly, prepare using your own numbers the following operating budgets for any quarter :.( 2.5 marks)

• Sales budget.
• Production budget assuming beginning inventory and ending inventory.
• Raw material budget assuming beginning and ending inventory.
• Direct labour budget.
• Manufacturing overhead budget.