Cost Accounting Assignment Project Example | Topics and Well Written Essays - 500 words

Cost Accounting Project - Assignment ExampleAt the end of year 2013, the net income of the company was $494,500 million. This is an increase of about 17%and 21% from 2012 and 2011respectively. The company brands the products and distribute to the market segments. Each market segment receives a unique brand as per their respective preference.Enables them to company manufactures thousand units of the product at some point in time. The method provides the manager with an answer of comparison of similar products from one period to another hence having a control everyplace the manufacturing cost. The method allows the allocation of materials that part way the process. This enables in determining the value that processes material such as the labor cost.The company incurred several operating and circumspection costs. The cost incurred includes manufacturing plant insurance cost, plant depreciation $13,450, factory managers salary$90,000, laborers wages 450,000, supervisors salaries 250,00 0, power consumption $45,000 and store maintenance cost 50,260. The direct cost was which composed of laborers wages $450,000, indirect costs was $398450 that is factory insurance $120,000, power consumption $45,000, factory manager salary $90,000, depreciation $13,450 and supervisor $250,000. The fixed cost includes the warehouse maintenance cost of $38, 000.From the financial perspective, the company has improved due to marketing of its products and service worldwide. From the annual report, the company garnered 26 billion as the total profit after tax. This is the growth of 1.45% and 3% from 2013 and 2012 years respectively. From the customer perspective, there is an increase in the customer loyalty. This is due to the manufacture of superior quality products that give them a competitive advantage. The products sell faster than the competitors because of efficiency supply of products to the markets for their loyal customers. From internal line of reasoning