BUACC3714 - Relevant Information for Decision Making

Accept or Reject a Special Order. There are times when a customer places a special order for a large volume at lower prices than that usually charged by the business. In this event, the business should properly decide whether to accept or reject the special order.

www.accountingverse.com/managerial-accounting/relevant.../accept-or-reject.html

A make-or-buy decision is the act of choosing between manufacturing a product in-house or purchasing it from an external supplier.

https://www.investopedia.com/terms/m/make-or-buy-decision.asp

Decision to Add or Drop Product Line. A decision whether or not to continue an old product line or department, or to start a new one is called an add-or-drop decision. ... Relevant information includes the revenues and costs which are directly related to a product line or department.

https://accountingexplained.com/managerial/relevant-costing/add-or-drop-product-line

Sell or further process. A decision whether to sell a joint product at split-off point or to process it furtherand sell it in a more refined form is called a sell-or-process-further decision. Joint products are two or more products which have been manufactured from the same inputs and in a same production process (i.e. a joint process).

https://accountingexplained.com/managerial/relevant-costing/sell-or-process-further

BUACC3714 - Other related costs

There are certain costs that are normally to be considered in the decision making situation. Those are;

Sunk cost is a type of cost that has been incurred in the past. It is also known as historical cost. In decision-making, this is considered as irrelevant, because whether or not you take up the option, this particular cost is past and will not make any difference in the choice of decision made.

Opportunity cost is the foregone benefit due to choosing another alternative.

Relevant cost is a type of cost which will make a difference in the choice of an option, and is therefore relevant for decision-making purposes.

Differential cost refers to the difference in costs between decision options.

Incremental cost is the increase in cost if a particular option is chosen.

Book value of fixed asset is the original value of the fixed asset when first acquired, therefore considered as irrelevant for decision-making purposes.

Special fixed costs relate to costs that are incurred as a result of taking the option, which otherwise would not have been incurred. Therefore, this cost is relevant in a decision-making situation.

Ramadhan Al Kareem

Ramadhan Tuition Schedule

Re-time

All existing tuition classes during the Holy Month of Ramadhan will be re-schedule to morning session. The (new) ones will have a slot on the afternoon.

Thank you

ACC2233 - Another MFRS101 Exercises

Assalamualaikum and dear students,

Attached is another exercises for MFRS101. So try print it out and bring them to class.

Nabil Berhad

ACC2233 - Notes on Hire Purchase Accounting

Assalamualaikum and dear students,

Attached is the notes for HP accounting. It is a 52 pages thick and it is a good notes. I just found it and insyaAllah I need some time to go through the notes and will learn this together with you guys!

Here it is...

Hire Purchase Accounting Notes

BUS1233 - Adjustments for assignment PART DEUX

PART DEUX