ACCT 301 Saudi Electronic University Cost Accounting Worksheet

DescriptionCollege of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 29/04/2023 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 3rd
CRN:
Academic Year: 1444 H
For Instructor’s Use only
Instructor’s Name:
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.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1. Differentiate with suitable examples the relevant cash flows and irrelevant cash flows. What
relevant role do these cash flows provide in management decision-making? Provide a suitable
example in context to an organization to support your answer.
(3 Marks)
Note: Your answer must include suitable examples of relevant and irrelevant cash flows for
management decision-making.
(Week 2, Chapter 1)
Answer:
Q2. What are the various methods of estimating cost functions? Explain each method with
suitable numerical examples.
(4 Marks)
Note: You are required to assume values for numerical examples of your own, and they should not
be copied from any sources.
(Week 3, Chapter 2)
Answer:
Q3. ALC ltd. manufactures a product ‘X’ for which the selling price per unit, variables cost per
unit, and fixed costs are as follows:
(4 Marks)
Selling price per unit
SAR 750
Variable cost per unit
SAR 225
Total Fixed Costs
SAR 425,000
College of Administration and Finance Sciences
Answer the following questions using cost volume profit analysis:
a) Determine the break-even point in units.
b) Determine the break-even point in sales SAR.
c) What will be the pretax profit if the company sells 1,400 units of the product?
d) How many units the company will be required to sell to reach a target pretax profit of
SAR 200,000?
e) The margin of safety in units if the company’s estimated next year budgeted sales are
1,500 units.
(Week 4, Chapter 3)
Answer:
Q4. KCC Ltd. uses a process costing system for its sole processing department. There were
35,000 units in the beginning WIP inventory for June and 325,000 units were started in June.
The beginning WIP units were 50% complete and the 30,000 units in the ending WIP were 40%
complete. All materials are added at the start of processing.
(4 Marks)
You are required to:
a) Compute the no. of units started & completed.
b) Compute the EUP for DM and CC using FIFO and WA methods.
c) Calculate total manufacturing cost/EUP under both methods with the following details:
FIFO
WA
Direct Material Cost
SAR 850,000
SAR 1,000,000
Conversion Cost
SAR 1,025,000
SAR 1,350,000
(Week 5, Chapter 6)
Answer:
College of Administration and Finance Sciences

Purchase answer to see full
attachment

We offer the bestcustom writing paper services. We have done this question before, we can also do it for you.

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.