- 20 Marks
IMAC – MAY 2020 – L1 – Q3 – Cost-Volume-Profit (CVP) Analysis | Decision-making techniques
Identify public sector decision areas for management accounting, suggest improvement techniques, and state CVP analysis assumptions.
Question
) Management Accounting provides information for planning, control, and decision-making. It has been argued that Public Sector entities can even benefit more from Management Accounting than profit-making entities.
Required:
i) Identify FOUR (4) decision areas of the Public Sector where Management Accounting can be applied. (6 marks)
ii) Suggest an appropriate technique that can be used to improve decision-making in such areas. (9 marks)
b) State FIVE (5) assumptions underlying cost-volume-profit analysis in managerial accounting. (5 marks)
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