Use It or Lose It Marker Grid- managerial accounting PDF

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MARKER GRID – USE IT OR LOSE IT CORP. Candidate: Marker: OVERALL COMMENTS ON COMMUNICATION SKILLS (Marker notes: Consider ranking, time management, writing style, format, use of case facts, role)

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AO1 – SG

The candidate discusses whether the new Bikram yoga initiative is consistent with ULC’s overall business strategy and suggests improvements. Reaching competence – Discusses 2 inconsistencies or recommends how to address 2 inconsistencies Competent – Discusses 3 inconsistencies and recommends how to address the inconsistencies (for the 3 discussed) Competent with distinction – Discusses 4 inconsistencies and recommends how to address the inconsistencies (for the 4 discussed) and considers ULC’s overall remuneration strategy

Ranking Comments

INCONGRUENCE

IDENTIFIES

DISCUSSES (identifies inconsistency using case facts and explains impact of inconsistently on ULC – e.g., link to KSF)

Lack of experience/trained staff Timing of classes Liability risk Instructor availability

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RECOMMENDS (must be definitive and fix the inconsistency identified)

AO2 – MA

The candidate calculates the contribution margin and fixed costs. Reaching competence – Attempts to calculate contribution margin AND attempts to calculate fixed costs Competent – Provides an accurate calculation of contribution margin AND a reasonable calculation of fixed costs Competent with distinction – Provides an accurate calculation of contribution margin AND an accurate calculation of fixed costs

Marker Notes

Contribution margin:  Attempts = correct revenue less 1 correct variable cost (may include other items as variable costs)  Accurate = correct revenue less 2 correct variable costs (no other items included)  Variable costs – outfit, mat Fixed costs:  Attempts = 2 correct fixed costs (OK if irrelevant costs included)  Reasonable = 3 correct fixed costs (must exclude irrelevant costs)  Accurate = 4 correct fixed costs (must exclude irrelevant costs)  Fixed costs – instructors, insurance, heating and electrical, advertising and promotion

Ranking Comments

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AO3 – MA

The candidate determines what the average enrollment level for a 10-week session of yoga classes must be to produce an annual additional net profit of $25,000. Reaching competence – Attempts to calculate enrollment required to earn annual additional $25K net profit Competent – Calculates enrolment required to earn annual additional $25K net profit and compares to expected enrolment level Competent with distinction – Calculates enrolment required to earn annual additional $25K net profit and considers ability to achieve that enrollment level and calculates break-even enrollment

Marker Notes

Enrollment required:  Attempts = OK if ignore impact of 10-week session  Calculates = correctly considers impact of 10-week session RC/C/CD – supports with case facts and/or shows calculation; CM and fixed costs consistent with AO2

Ranking Comments

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AO4 – MA

The candidate determines what the net profit would be for the yoga classes based on the expected enrollment. Reaching competence – Calculates net profit based on maximum or current expected enrollment Competent – Calculates net profit based on maximum or current expected enrollment and provides an overall recommendation consistent with analysis Competent with distinction – Calculates net profit based on maximum and current expected enrollment and provides an overall recommendation consistent with analysis

Marker Notes

RC/C/CD – supports with case facts and/or shows calculation; CM and fixed costs consistent with AO2

Ranking Comments

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