Solution to Mini Project 1

Maybe it wasn't so easy to start thinking like a management accountant without warning; but here's the kind of thing you might have prepared:

Operation Costs Accumulated

Agree specification with customer Designer’s time

Draw up plans Paper, pens, labour

Order materials Labour: clerical

Buy materials Transport, labour

Transfer plans to steel Materials, labour

Cut, shape and weld steel strips and rods Materials, labour, equipment

Fix wheels Materials, labour, equipment

Fix and secure floorboards Materials, labour, equipment

Smoothing etc Labour, equipment (?)

Paint Materials, labour, equipment (?)

Apply edging strips Materials, labour/td>

Next Cost Objectives and Cost Units

Previous Take a Management Accountant's View of Everything & Mini Project 1

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Duncan Williamson
3 March 2003