COURSE(S) & CODE(S):
School: Business, Innovation and Entrepreneurship
Department: Business, Management and Finance
Preston Campus
77-91 St Georges Road
Preston, Victoria 3072
AUSTRALIA
NMIT CRICOS Code: 00724G
Major Assignment
YEAR: 2018
SEMESTER: 2
COURSE(S): Bachelor of Accounting HEBSBACC
Associate Degree of Accounting HEBSACC11
Bachelor of Business HEBSBUS
Associate Degree of Business HEBSBUSAD
SUBJECT: Management Accounting 1 BAC212/MPA703
CONTRIBUTION TO
OVERALL ASSESSMENT:
This assignment is worth 25% of the overall assessment.
DUE DATE: This assignment is due in on 26/09/2018
PARTICIPATION AND
SUBMISSION
REQUIREMENTS:
This is an individual assignment. The assignment must be a typed self-contained report and
professionally presented.
You will be required to submit your assignments online via this Moodle site. Click on the
assignment activity for details of your assessment including instructions, due dates, and where to
find additional resources.
To submit your assignment file(s), select the co
esponding activity and then click the 'add
submission' button. Upload your file(s) and then accept the assignment submission statement to
submit your assignment for grading.
Important: The assignment will only be considered as submitted when you accept the
assignment submission statement and your grading status changes to submitted for grading.
PLAGIARISM AND OTHER
COMPLIANCE ISSUES:
This report must comply with Melbourne Polytechnic policies and academic conventions for
eport writing, plagiarism and referencing. Your teacher will discuss these policies with you and
further information is available on the Melbourne Polytechnic Student Intranet.
ASSESSOR(S): James Lau
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Assignment Question
Australia is a major manufacturer in dairy products.
To ensure the long-term health of this very important industry, dairy producers need to
understand the costs of the milk they produce.
(1)
Do you think Australian dairy producers use job costing, process costing or a combination of
these two product costing systems in producing milk? (10 marks)
(2)
Based on your answer to Question 1, consider each step in the production of a BATCH (say a
thousand 2-litre bottles) of milk. Create a product cost outline for these processes using your
own figures. (5 marks)
(3)
Based on your answer to Question 1, what factors outside of production costs would
you suggest in order to improve profitability of the industry? (10 marks)