AAT MATS case studies
AAT MATS · Put your knowledge to work in context.
AAT Management Accounting Techniques (MATS) is a unit within the AAT Level 3 Diploma in Accounting, the qualification that sits between introductory bookkeeping and the professional-level units. It is aimed at people already comfortable with double-entry, journals and the basics of ledger accounting who now need to produce costing information, prepare budgets and explain variances to managers. The AAT MATS case studies are 5 cases and about 3,617 words.
1Brantwood Joinery Ltd: what management accounting is actually for
Brantwood Joinery Ltd makes bespoke staircases and fitted furniture. It has 28 employees, turnover of £2.4m and issues around 45 quotations each month.
748 words, about 4 min2Fenwick Mouldings Ltd: absorption, marginal costing and the stock movement
Fenwick Mouldings Ltd makes a single moulded component. Budgeted fixed production overhead for the year is £180,000 and budgeted production is 24,000 units, each taking 2.5 direct labour hours.
671 words, about 3 min3Marlowe Kitchens Ltd: a profitable quarter with a growing overdraft
Marlowe Kitchens Ltd is preparing its cash budget for the first quarter. Sales are budgeted at £120,000 in January, £150,000 in February and £180,000 in March, up from £110,000 in December.
779 words, about 4 min4Pemberton Tiles Ltd: four variances that cancel out and hide the truth
Pemberton Tiles Ltd produces a single type of floor tile. The standard cost card for one square metre is material 3 kg at £8.00 per kg (£24.00) and direct labour 1.5 hours at £14.00 per hour (£21.00).
648 words, about 3 min5Aldergate Components Ltd: one machine, three products and a misleading full cost
Aldergate Components Ltd makes three products on a single machine limited to 10,000 hours per month. Product A sells for £60, has variable costs of £36 and takes 2 machine hours; monthly demand is 2,000 units.
771 words, about 4 min