Managerial Economics (Questions and Answers)

1. Visit the websites of accounting firms such as Ernst & Young and Price Waterhouse  Coopers and  accounting  bodies  such  as  the Chartered  Institute  of  Management  Accountants (CIMA)  and obtain information on the role of management accountants. Compare that information with the information discussed in this topic 1. Discuss in detail.
2. Based on the performance, such you have been provided along with the given information regarding ABC Ltd for the year ended on date 31 December 2013:

   Labour hours                           Service cost ($)

   Highest activity level                     800                                         200,000

   Lowest activity level                      300                                         150,000

   Required

   Develop a net cost function based upon the above data utilizing the high-low method:

Instruction.

1. Format your assignment using:
   1. Font Types : Arial / Times New Roman
   2. Font size : 10 / 12 with 1 ½ spacing and justified your answer.

No. of pages :  5 – 7 pages