JCE Commerce & Accounting 26 case studies
JCE Commerce & Accounting 26 · Put your knowledge to work in context.
The JCE Commerce & Accounting credential is a multiple-choice examination intended for candidates who need to demonstrate working command of both the accounting cycle and the commercial environment in which a business operates. It suits school leavers and early-career candidates preparing for bookkeeping, accounts-assistant or junior commercial roles, as well as candidates building a foundation before further professional study. The JCE Commerce & Accounting 26 case studies are 5 cases and about 3,503 words.
1Revenue Recognition and Warranty Provision at a Custom Equipment Manufacturer
Ridgeway Fabrication builds custom conveyor systems. In November Year 1 it signs a contract with a single customer: total price 1,200,000, delivery of three identical conveyor modules over 15 months, plus a 24-month assurance-type warranty.
671 words, about 3 min2Make-or-Buy Decision with Constrained Capacity at a Components Plant
Halden Components makes three parts. Part X sells for 48 and has variable cost 30 (direct materials 12, direct labour 10, variable overhead 8).
681 words, about 3 min3Directors' Duties and Insider Dealing Around a Profit Warning
Corran plc is listed. On 3 March its finance director learns that a major customer has cancelled a contract worth 22% of forecast annual revenue.
723 words, about 4 min4Price Elasticity and Cost Pass-Through in a Competitive Retail Market
Marlow Homewares sells 50,000 units a year at a price of 20. Variable cost is 12 per unit and fixed costs are 300,000 a year, so current profit is 100,000.
647 words, about 3 min5Variance Investigation and Information System Controls at a Food Producer
Bracken Foods operates a standard costing system across four production lines. For Line 2 in March, the standard is 3 kg of input at 4.00 per kg per unit of output, giving a standard material cost of 12 per unit.
781 words, about 4 min