Management accounting practice at Beximco Pharmaceuticals Limited

Abstract

This report is based on Accounting Practice at Beximco Pharmaceuticals Limited about cost function. The motive for writing this report is to acknowledge how the elements of cost are being fixed or set and to identify the factors that affect the system. BEXIMCO is a group of companies where Beximco Pharmaceuticals Ltd. is the medicine manufacturing part of Beximco Industries. In early 70’s the company started to import and distribute medicines from one of the most known companies of USA (Upjohn Inc.) and Germany (Bayer AG). Since then, the demand increased day by day. And in the year 1980 there was an agreement that under the supervision and license of Upjohn Inc. Beximco Pharmaceuticals Ltd. can manufacture their products, same agreement also took place with Bayer AG and now Beximco Pharmaceuticals Ltd. produces more than 10% of total medicines needed in Bangladesh. In this report we will see the cost function analysis such as variance analysis, product profitability and many more.