Financial and managerial accounting Research Paper

Financial and managerial accounting - Research Paper ExampleThe budget would help Groovy Music to estimate their rule-governed demand which in turn, would be helpful in deciding the product mix. Also, by preparing Activity Based budget, Groovy Music may be fit to allocate their costs better and hence, get a clear picture about which order costs more.Essay 2 - The Woods and Waters caller-outService DivisionParticular centre ($)Revenue (8000 x $50)400,000Less Total Operating Costs (given)280,000(a) illuminate Profit120,000(b) Total Operating Assets (given)400,000 guide on Investment (a/b x 100)30 %Irrigation DivisionParticularAmount ($)Revenue (250 x $5000)1,250,000Less Total Operating Costs (given)1,000,000(a) Net Profit250,000(b) Total Operating Assets (given)1,000,000Return on Investment (a/b x 100)25 %Company as a wholeParticularAmount ($)Revenue (400,000 + 1,250,000)1,650,000Less Total Operating Costs (given)1,280,000(a) Net Profit370,000(b) Total Operating Assets (given)1,400 ,000Return on Investment (a/b x 100)26 %Considering just the ROI, it can be concluded that the Service Division has performed