ICAEW MI case studies
ICAEW MI · Put your knowledge to work in context.
The ICAEW Certificate in Finance, Accounting and Business (ICAEW CFAB) is a standalone qualification built around a set of modules, one of which is Management Information (commonly shortened to MI). This page is an independent study resource for candidates preparing for that module; it is not affiliated with, endorsed by, or operated by ICAEW, and it does not host or reproduce official material. The source pages retrieved for this profile do not contain the MI module's syllabus, assessment format, duration, pass mark, fees, or retake rules. The requested module page returned a 'Sorry, we can't find that page' response, and the ICAEW homepage only describes the wider ACA/CFAB learning landscape, noting that ACA, CFAB and Level 4 apprenticeship learning materials are now digital only and accessed via the ICAEW Bookshelf using the BibliU app or a browser. The ICAEW MI case studies are 5 cases and about 4,428 words.
1Special export order below full cost
Northbridge Components manufactures a single product. Annual capacity is 60,000 units; current budgeted output and sales are 48,000 units at £42 per unit.
843 words, about 4 min2Offsetting material and labour variances
Halden Foods produces a single product using a standard cost system. The standard material content is 2 kg per unit at £5 per kg.
889 words, about 4 min3Activity-based costing and product profitability
Meridian Products makes two products, A and B, in the same factory. Annual data: Product A output 8,000 units, direct cost £22 per unit, selling price £40, 2 machine hours per unit, 100 production setups, 200 quality inspections.
897 words, about 4 min4Transfer pricing and divisional goal congruence
Arden Group has two divisions. Division P makes a component that can be sold externally for £70 per unit.
897 words, about 4 min5High-low cost estimation with an abnormal repair
Westfield Engineering is preparing next year's flexible budget. The management accountant has six months of production cost data: January 12,000 units, £96,000; February 15,000 units, £111,000; March 9,000 units, £81,000; April 18,000 units, £146,000; May 14,000 units, £106,000; June 16,000 units, £116,000.
902 words, about 5 min