Poly Exam is Coming! SMS 9758-7925 for Financial Accounting, Principles of Accounts, Management Accounting tuition!

Having problems with understanding accounting terms or preparation of statements?
SMS Val @ 9758-7925 or email: enquiry@starcresto.com for tuition.

Background
The tutor trainer has been teaching accounting and has grasped what is important for the test, exam and workplace. She has successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction. 

With a total of 10 years experience in teaching and tutoring accounting, she has trained a group of tutors who coach accounting for students and working adults. Only tutors who have review score of more than 4.5 out of 5 are retained to ensure quality of starCresto Tutors. We currently have ex NIE trained teachers, ex lecturers and many other qualified accounting professionals under our wings.

We offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate our teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

University or Poly Accounting Tuition in Singapore by Experienced Accounting Tutor. SMS 9758-7925 for tuition!

Having problems with understanding accounting terms or preparation of statements?
SMS Val @ 9758-7925 or email: enquiry@starcresto.com for tuition.

Background
The tutor trainer has been teaching accounting and has grasped what is important for the test, exam and workplace. She has successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction. 

With a total of 10 years experience in teaching and tutoring accounting, she has trained a group of tutors who coach accounting for students and working adults. Only tutors who have review score of more than 4.5 out of 5 are retained to ensure quality of starCresto Tutors. We currently have ex NIE trained teachers, ex lecturers and many other qualified accounting professionals under our wings.

We offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate our teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

Answers to decision making - keep or drop product line - management accounting. Having issues with your management accounting? SMS 9758-7925 for tuition!

The answers to the questions posted in: 

http://accounting-tuition.blogspot.sg/2014/07/decision-making-keep-or-drop-questions.html

ANS for question 1

If Beta is dropped, there will be loss of revenue from Beta and savings from costs that can be avoided. it can avoid only the variable costs and direct fixed costs of Beta but not the allocated fixed costs since you will have to pay regardless of whether Beta is being dropped or not. Hence:

Contribution Margin Method
Contribution margin loss for dropping  Less: Savings:		$314,000
Variable Costs	$169,000
Direct Fixed Costs	$86,000	$255,000
Net loss		$59,000

Therefore, the product line should not be dropped. 

ANS for question 2

Contribution Margin Method
Contribution margin loss for dropping			$(300,000)
Less: savings
Salary of line manager	$90,000
Advertising - direct	100,000
Rent - factory space	70,000		260,000
Net loss			$(40,000)

Therefore, the product line should not be dropped. 

Decision making - keep or drop questions - management accounting

Question 1

A company has three products: Alpha, beta and  gamma. The contribution income statements of the product lines are as follow:

Product Line	Alpha	Beta	Gamma
Sales	$467,000	$314,000	$598,000
Variable Costs	241,000	169,000	321,000
Contribution Margin	$226,000	$145,000	$277,000
Direct Fixed Costs	91,000	86,000	112,000
Allocated Fixed Costs	93,000	62,000	120,000
Net Income	$42,000	− $3,000	$45,000

The product manager told the director that product beta has to be dropped as it is making a loss. DO you agree with the product manager? Illustrate your answers. 


Question 2

BMM manufactures different car series including 3, 5 and 7 series. The 3 series has shown net operating loss for the past 6 quarters. The income statement for 3 series are shown below:

	Extract of Income Statement
	For 3 Series
	Sales			$500,000
	Less: variable expenses
	Variable manufacturing costs	$120,000
	Variable shipping costs	5,000
	Commissions	75,000		200,000
	Contribution margin			$300,000
	Less: fixed expenses
	General factory overhead	$60,000
	Salary of line manager	90,000
	Depreciation of equipment	50,000
	Advertising - direct	100,000
	Rent - factory space	70,000
	General admin. expenses	30,000		400,000
	Net operating loss			$(100,000)

Investigation has revealed that total fixed general factory overhead and general

administrative expenses would not be affected if the 3 series is dropped. The fixed general factory overhead and general administrative expenses assigned to this product would be reallocated to other product lines.

The equipment used to manufacture 3 series has no resale value or alternative use.

Should 3 series be dropped?

Financial Accounting, Management Accounting, Auditing, POA tuition in Singapore for Secondary, Poly, University and MBA level

Having problems with understanding accounting terms or preparation of statements?
SMS Val @ 9758-7925 for tuition.

Background
The tutor trainer has been teaching accounting and has grasped what is important for the test, exam and workplace. She has successfully spotted questions that will come out over the past years and this has helped my students scored an average of distinction to high distinction. 

With a total of 10 years experience in teaching and tutoring accounting, she has trained a group of tutors who coach accounting for students and working adults. Only tutors who have review score of more than 4.5 out of 5 are retained to ensure quality of starCresto Tutors. We currently have ex NIE trained teachers, ex lecturers and many other qualified accounting professionals under our wings.

We offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate our teaching methodology.


Teaching Methodology:

1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness

Do contact me at 9758-7925 or email val@starcresto.com or tutor@tertiarytuition.com for tuition.

Student's Profile:

> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com