DescriptionCollege of Administration and Finance Sciences Assignment (1) Deadline: Saturday 12/10/2024 @ 23:59 Course Name: Cost

Description

College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 12/10/2024 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: First
CRN: 13494
Academic Year: 1446 H
(2024-25)
For Instructor’s Use only
Instructor’s Name: Dr. Mohammed Arshad Khan
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
● The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
● Assignments submitted through email will not be accepted.
● Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
● Students must mention question number clearly in their answer.
● Late submission will NOT be accepted.
● Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
● All answers must be typed using Times New Roman (size 12, double-spaced) font. No
pictures containing text will be accepted and will be considered plagiarism.
● Submissions without this cover page will NOT be accepted.
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
Assignment Questions:
Marks 15)
1. In August 2024, Ahmed Co. incurred total cost of SAR 29,000 and made 3,100
units. In November 2024, it produced 1,600 units with a total cost of SAR
20,000.
(Mark1 x 5)
Requirement:
a) Find Per Unit Variable Cost
b) Find Total Variable Cost in the Month of August
c) Find Total Variable Cost in the Month of November
d) Find Total Fixed Cost
e) Determined Cost Function
2. ABC Company Ltd. has provided the following information for the year ended
December 31, 2023.
(Mark 1 X 5)
SAR
Total Sales Revenue
2,880,000
Total Variable Cost
1,080,000
Total Fixed Cost
1,500,000
Units Produced and Sold
3,600
Determine the following from the above information:
a) Contribution Per Unit
b) Contribution Margin Ratio
c) Break Even Point in units
d) Break Even Point in Sales
e) Margin of Safety in Sales
3. Suppose budgeted overhead was $ 120,000 fixed overhead plus variable
overhead of $ 12/DL hour. Expected DL hours were 60,000, so that the estimated
overhead rate was $ 14/DL hour. Actual DL hours totaled 50,000 for the year
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
and actual overhead was $ 740,000. At the end of the year, Work in Progress,
Finished Goods & Cost of Goods Sold had the account balances shown below.
Work in Progress
SAR 150,000
Finished Goods
250,000
Cost of Goods Sold
1,600,000
2,000,000
Requirement:
(1+2+2 Marks)
a) Prepare Overhead Cost Control Account
b) Assuming Misallocated Overhead as material, determine the ratio of the
three accounts to close overhead cost control account
c) Prepare a Journal Entry to Close Overhead Cost Control Account
Answer -1
Answer – 2
Answer -3
Restricted – ‫مقيد‬

Purchase answer to see full
attachment

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description This assignment is an individual assignment. The Assignment must be submitted on BB only in WORD format via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description This assignment is an individual assignment. The Assignment must be submitted on BB only in WORD format via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling

Description

Description Module 08: International Factor Movements and Multinational Enterprises This module continues with an examination of international flows of the factors of production, labor, and capital, some of which occur within large multinational enterprises. We will explore multinational enterprises’ (MNEs) strategies and how MNEs seek to gain comparative advantage using

Description

Description Read the case then answer the questions I do not want a repetition of the solution with another student – mention reliable sources ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment 2

Description

Description Read the first task and complete the second task I do not want to repeat the solution with someone else – citing reliable sources ‫المملكة العربية السعودية‬ ‫وزارة التعليم‬ ‫الجامعة السعودية اإللكترونية‬ Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via the allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling in your information on the cover

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description The Assignment must be submitted only in WORD format via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. Students must mention question number clearly in their answer. Late submission

Description

Description Answer the following case study question from the textbook – Case study 2 (Sony’s Response to North Korea’s Cyberattack) on page #126 under the Cases section. Assignment requirements: – Has Separate cover page. – Cover page includes group names, students’ ID, course code and name, semester 461, and title:

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description al Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students

Description

Description The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. Students