Quantitative Skills in Management Accounting; An Economic Analysis Exposition

Jul 28th, 2016
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Consolidated School of Business
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This file attempts to show a step-by-step approach on managerial decision-making using an economic and quantitative model

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THE KENYA COLLEGE OF ADVANCED ACCCOUNTINGPaper A311:Business Quantitative SkillsCAT For the end of July 2014Instructions: Answer all the questions provided. Marks allocated to each questionsare shown alongside.Qn. 1.A young enterprising producer can apply three raw-materials, X, Y, and Z in variable proportionsto produce three products, Alpha, Beta, and Celpha. During a certain month, he wishes toproduce at least 200 units of Alpha, 300 units of Beta, and 80 units of Celpha. The followingadditional information relates to unit yield and costs:Each Kilo of X produces 4 of Alpha, 3 of Beta and 2 of Celpha.Each 1000gm of Y yields 5 of Alpha, 6 of Beta, and 1 of Celpha.Each kilo of Z yields 1 of Alpha, 3 of Beta, and 1 of Celpha.Data from the market disclose that the prevailing cost of a Kilo of X is 20p, that of Y is 30P whileA Kilo of Z is going at 50p.Required: Determine the minimum purchase plan to produce the required output.(25 Marks)Qn.2.a) Universal Products Ltd. has established their marginal costs and marginal Revenue to be ofthe form:MC= 16+ 2qMR+ 20 + 5qDetermine:i)ii)The total cost and total revenue when between 10 and 20 units are produced andsold. (8 Marks)The total profits when between 20 and 30 units are produced and sold.( 8 marks)b) Retirement Benefit Authority(RBA) has determined the rate of paying benefits as5e0.05t millions per year, t years from June 2013i)ii)determine the total retirement benefits that wi

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