Description i want you more and good explanation the answer please  Loong answering please This assignment is an individual assignment The Assignment

Description

i want you more and good explanation the answer please 

Loong answering please This assignment is an individual assignment

The Assignment must be submitted only in WORD format 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 page.

Students must mention question numbers clearly in their answers.

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 answered must be typed using Times New Roman (size 12, double-spaced)

font. No pictures containing text will be accepted and will be considered

plagiarism).

College of Administration and Finance Sciences
Assignment (1)
Deadline: 13/07/2024 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: Summer
CRN:
Academic Year: 1445 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.
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1. Abdul Karim Company manufactures a product A. The company estimates the cost
function for the total costs. The cost driver is number of units. The following information were
collected:
Month
Units
January
3,560
SAR 242,400
February
3,800
SAR 252,000
March
4,000
SAR 260,000
April
3,600
SAR 244,000
May
3,200
SAR 228,000
June
3,040
SAR 221,600
Compute a cost function using the high-low method.
Total Costs
(3 Marks)
Answer:
Q2.
Hashim Corporation sells its product for SAR17 per unit. Its variable cost is SAR 10 per
unit, and total fixed costs are SAR 800. Assuming next period’s estimated sales are 300,
calculate the following amounts:
a. Degree of operating leverage
(1Mark)
b. Margin of safety in units
(1Mark)
c. Margin of safety in revenues
(1Mark)
Answer
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
Q3. TTL Corporation is in the manufacturer of several plastic products. TTL sells its one of the
plastic product for SAR 500. The variable costs per unit are SAR 200, and the total fixed costs
are SAR 510,000. Based on cost-volume profit analysis, calculate:
(6 Marks)
a) Contribution margin per unit and contribution margin ratio.
b) Break-even point in units and sales SAR.
c) Pretax profit if the company sells 2,200 units.
d) Profit/loss if the company sells 1,500 units.
e) Units needed to reach target pretax profit of SAR 180,000.
f) Sales SAR needed to reach the target pretax profit of SAR 180,000.
Answer:
Q4. Which types of companies would most likely use the job costing? Provide example of one
Saudi Company. How actual allocation rates and estimated allocation rates are analyzed in
these compagnies?
Answer:
Restricted – ‫مقيد‬
(3 Marks)

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