Group Assignment

Group Assignment Guidelines and Specifications

Part A (20marks)

Management Accounting Information

Readthisarticlebyclickinghere:TransformationdeliversresultsforSkyNewZealand(asx.com.au)and answer the following questions:

1. Identify five specific management accounting concepts discussed in class that Sky New Zealand applied in their company. Just list them, do not discuss. (5 marks)
2. Discuss three ways Sky New Zealand have used management accounting to successfully achieve its revenue growth and cost transformation goals, leading to impressive financial targets and increased shareholder value. Include examples. (12 marks)
3. ProvidetwolessonsmanagementaccountantscangainfromstudyingSkyNewZealand'sapproach and practices. (3 marks)

PartB(17marks)

AussieGears Pty Ltd is a leading manufacturer of specialized gears used in high-performance automotive and aerospace applications. The company prides itself on precision engineering and innovative designs, which have earned it a strong market position. As part of its ongoing efforts to refine its costing methods, AussieGears is reassessing its approach to allocating manufacturing overhead.

Thecompanycurrentlyusesatraditionalcostingsystem,applyingoverheadbasedonmachinehours. However, management is considering switching to an activity-based costing (ABC) system to better understand the true costs associated with its products.

ForthemonthofJuly,thefollowingdataisavailable:

• TotalBudgetedOverheadCost:$360,000
  • TotalMachineHours:60,000hours
     

ThedataforJulyproductionisasfollows: Production Data:

Required:(Roundoffanswersto2decimalplaces)

1. Calculatetheunitmanufacturingcostsforeachproductusingthetraditionalcostingsystembased on machine hours. Show all calculations. (5 marks)
2. Calculatetheunitmanufacturingcostsforeachproductusingtheactivity-basedcosting(ABC) system. Show all calculations. (8 marks)
3. Writeamemotothe CEOrecommendingthemostappropriatecostingsystem whichbestreflects the cost of the product. Justify your recommendation with relevant data from your calculations. (4 marks)

AssignmentStructure:

Theassignmentshouldincludethefollowingcomponents:

1. Theassignmentcoverpagewhichclearlystatesyourgroupmembers’namesandstudent numbers, and all other required details.
   1. Abstract(oneparagraph)
   2. Tableofcontents
   3. Abriefintroductionoroverviewofwhattheassignmentisabout
   4. Bodyoftheassignmentwithappropriatesectionheadings
   5. Conclusion
   6. ListofReferences(followtheHolmesAdaptedHarvardReferencingguidelinesonpg.4-5)

StudentAssessmentCitation andReferencingRules

HolmeshasimplementedarevisedHarvardapproachtoreferencing.Thefollowingrulesapply:

1. Reference sources in assignments are limited to sources that provide full-text access to thesource’s content for lecturers and markers.
   1. The referencelistmustbe located on aseparate pageat the end of the essayand titled:“References”.
      1. The reference list must include the details of all the in-text citations, arranged A-Z alphabetically by author surname with each reference numbered (1 to 10, etc.) and each referenceMUST include a hyperlink to the full text of the cited reference source. For example:

1. All assignments must include in-text citations to the listed references. These mustinclude thesurname of the author/sor name of the authoring body, year of publication, page number ofthe content, and paragraph where the content canbefound.Forexample,“Thecompanydecidedtoimplementanenterprise- wide data warehouse business intelligence strategy (Hawking et al., 2004, p3(4)).”

Non-AdherencetoReferencingRules

Wherestudentsdonotfollowtheaboverules,penaltiesapply:

1. Forstudentswhosubmitassignmentsthatdonotcomplywithallaspectsoftherules,a 10% penalty will be applied.
2. As per the Student Handbook, late penalties will apply each day after the student/s has been notified of the due date.
3. Students who comply with rules BUT their citations are ‘fake’ will be reported for academic misconduct.

AcademicIntegrity

Holmes Institute is committed to ensuring and upholding academic integrity, as it is integral to maintaining academic quality and the reputation of Holmes' graduates. Accordingly,allassessmenttasksneedtocomplywithacademicintegrityguidelines.Table 1identifiesthesixcategoriesofAcademicIntegritybreaches.Ifyouhavequestionsabout Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard.

Academic integrity breaches are serious offences punishable by penalties ranging from deduction ofmarks, failureoftheassessment task or unit involved, suspension ofcourse enrolment, or cancellationof course enrolment.

Table1:Six categoriesof AcademicIntegritybreaches

Source:INQAAHE,2020

MarkingRubric

Endof Assessment