AAT Level 3 Business Awareness case studies
AAT Level 3 Business Awareness · Put your knowledge to work in context.
The AAT Level 3 Diploma in Accounting is a practical, work-focused accounting qualification offered by the Association of Accounting Technicians (AAT), a UK professional body for accounting technicians based at 30 Churchill Place, London. It sits between the foundation-level bookkeeping and accounting qualifications and AAT's advanced qualifications, and is designed for people who already understand double-entry bookkeeping and basic accounts and want to build the technical and business skills expected of an accounting technician. The AAT Level 3 Business Awareness case studies are 5 cases and about 4,463 words.
1The Overtime Dilemma
You are the management accountant at a small manufacturing company that produces two products, X and Y. The company has a maximum of 10,000 direct labour hours available per month.
1,113 words, about 6 min2The Cost Allocation Conundrum
A company has two production departments (Machining and Assembly) and two service departments (Maintenance and Personnel). The following costs and usage data are available for the month: Department Overhead costs (£) Labour hours Machine hours Number of employees Maintenance hours ------------ ------------------- -------------- --------------- --------------------- ------------------- Machining 100,000 5,000 10,000 50 2,000 Assembly 80,000 8,000 2,000 80 1,000 Maintenance 40,000 2,000 1,000 20 - Personnel 30,000 1,000 500 - 500 Maintenance costs are allocated based on maintenance hours, and Personnel costs are allocated based on number of employees.
806 words, about 4 min3The Variance Investigation Decision
A company produces a single product. The standard cost card shows the following for one unit: Direct materials: 3 kg at £4 per kg = £12 Direct labour: 2 hours at £10 per hour = £20 Variable overhead: 2 hours at £3 per hour = £6 Fixed overhead: 2 hours at £5 per hour = £10 Total standard cost = £48 Budgeted production and sales for the month were 1,000 units.
1,136 words, about 6 min4The Ethical Supply Chain Choice
You are the finance manager of a medium-sized clothing retailer that sources products from overseas suppliers. The company has a policy of ensuring ethical sourcing and has signed the Modern Slavery Act statement.
697 words, about 3 min5The Budget Negotiation
You are the management accountant for a division of a large company. The division is preparing its budget for the next year.
711 words, about 4 min