BS4112 Exam - Exam-Management Accounting, Exams of Management Accounting

This document is an exam paper for the Management Accounting, Decision Making, and Control course at Robert Gordon University. It is divided into two sections: Section A, which is compulsory, and Section B, where students choose one question. Section A includes two questions: Question 1 involves preparing various budgets (e.g., revenue, production, materials, labor) for a company called Cocktails Ltd, which produces premixed cocktails. It also discusses budgeting approaches like zero-based budgeting and top-down vs. bottom-up methods.Question 2 focuses on variance analysis for a new product, Peach Gin Fizz, and discusses the importance of sustainability reporting and environmental management accounting. Section B offers two optional questions: Question 3 explores target costing and alternative pricing strategies, while Question 4 discusses residual income, the balanced scorecard, and transfer pricing.