University Canada West Management Accounting Case Study

I’m working on a accounting case study and need an explanation to help me learn.

I need help for solve my case study about accounting. I want calculation mention in the case study properly and recommendations as per data. case study is here. Joy, who runs a small electronics sales and repair business, is trying to become a better businessmanager. She believes she has a solid understanding of financial reporting but needs help withmanagement accounting. She is especially confused about what manufacturing overhead is and how toallocate it to repair jobs accurately. Tracking expenses such as direct labour and direct materials onspecific repair jobs makes perfect sense to her.To ensure she covers her expenses, Joy is thinking about billing customers in a different way. She isthinking of starting at a flat rate of $30 per repair then adding on $40 per hour. Joy believes this pricingstrategy would cover her two major expenses, electronics replacement parts and labour. She feels thattracking hours by quarters (15-minute increments) would be sufficient accuracy for billing purposes. Thebig issue is communicating the pricing method to employees- Joy is wondering if creating amathematical formula which could be entered into the store’s computers might help. She is also curiousabout how this might look graphically and how the graph might evolve if she were to increase the $30flat rate and decrease the $40 hourly rate.Joy suspects that she might be losing money on TV repairs. She feels that the fixed expenses are toohigh and customers are unwilling to pay much to repair a TV. It is often better to buy a new TV and scrapthe old one. However, she is not sure if eliminating the TV repair service/department would actuallymake the business more profitable. She wants details on which factors might be relevant to the decisionand why.Finally, Joy is struggling to understand variance analysis. She wants guidance on how to determinevariances and what constitutes a favourable or unfavourable variance. She doesn’t fully understand whyvariances can be caused by discrepancy in sales volume or efficiency.Analyze Joy’s business and advise her on the matters raised in the case. Make sure yourrecommendations are well supported by quantitative and qualitative analysis which ties to the casefacts.