Questions from Management Accounting


Q: Almost all beer contains four basic ingredients – a grain (typically

Almost all beer contains four basic ingredients – a grain (typically barley), water, hops and yeast. While the process of brewing can be complex, with potentially some variation in the ingredients use...

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Q: The Internet of Things (IoT) refers to physical objects which

The Internet of Things (IoT) refers to physical objects which are connected to the internet. This includes household devices and many business and industrial applications. Together with 5G networking...

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Q: Bushmills Irish Whiskey, a world-renowned brand of Diageo plc

Bushmills Irish Whiskey, a world-renowned brand of Diageo plc, is distilled in County Antrim in Northern Ireland. The Old Bushmills distillery has been in operation since 1608 and currently markets fi...

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Q: Real World View 5.2 gave some insights in the process

Real World View 5.2 gave some insights in the process of distilling whiskey. Irish and Scotch whiskey producers operate in similar environments and their processes are quite likely to yield the same p...

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Q: South Africa is one of the top gold producers in the world

South Africa is one of the top gold producers in the world, holding about 6,000 metric tonnes of reserves in mines as of 2019. Most mining operations have waste and by-products, some of which are di...

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Q: Each year, the paper and pulp industry produce millions of tonnes

Each year, the paper and pulp industry produce millions of tonnes of sludge in the production of paper. This sludge is typically disposed of in landfill sites or incinerated. Both disposal methods are...

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Q: According to a survey undertaken by CIMA, variable (or marginal

According to a survey undertaken by CIMA, variable (or marginal) costing is used by almost 40 per cent of firms. Management accountants from a wide range of sectors, including manufacturing and servic...

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Q: According to a blog post by VWG Consulting, the key to

According to a blog post by VWG Consulting, the key to successful and sustainable cost reduction in a manufacturing environment lies with variable costs. Indeed, in high-margin production firms such a...

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Q: The Airbus A380 was the world’s first double decker aircraft. It

The Airbus A380 was the world’s first double decker aircraft. It can accommodate from 555 to 853 passengers depending on the class configuration. Long haul airlines such as Singapore Airlines were ear...

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Q: The break-even price of crude oil includes production costs,

The break-even price of crude oil includes production costs, exploring or finding costs, oil well development costs, transportation costs, and selling and general administration expenses. A survey pub...

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