Description
Q1 Provide example of one Saudi Company and analyze two examples of organizational strategies and operating plans for this example.
(1 Mark)
Q2 Abdulkrim
Company manufactures a product A. The company estimates the cost function for the total costs. The cost driver is number of units. The following informations were collected:
Month
Units
Total Costs
January 3,560 $242,400
February 3,800 $252,000
March 4,000 $260,000
April 3,600 $244,000
May 3,200 $228,000
June 3,040 $221,600
Compute a cost function using the high-low method.
(1 Mark)
Q3 Hashim Corporation sells its product for $17 per unit. Its variable cost is $10 per unit, and total fixed costs are $800. Assuming next period’s estimated sales are 300, calculate the following amounts:
a. Degree of operating leverage
b. Margin of safety in units
c. Margin of safety in revenues
(1 Mark)
Q 4
Provide one numerical example for allocation of overhead of one job and analyze this example?
(1 Mark)
Q 5 Discuss the concept of Equivalent Units in process costing and give numerical example?
(1 Mark)
College of Administrative and Financial Sciences
Assignment 1
Deadline: 27/02/2021 @ 23:59 (End of week 6)
Course Name: Cost accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 1
CRN:
Academic Year: 1441/1442 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out of
Level of Marks: High/Middle/Low
Instructions – PLEASE
•
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 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).
•
Submissions without this cover page will NOT be accepted.
Page 1 of 3
Q1 Provide example of one Saudi Company and analyze two examples of organizational
strategies and operating plans for this example. (1 Mark)
Q2 Abdulkrim Company manufactures a product A. The company estimates the cost function for
the total costs. The cost driver is number of units. The following informations were collected:
Month
Units
Total Costs
January
3,560
$242,400
February
3,800
$252,000
March
4,000
$260,000
April
3,600
$244,000
May
3,200
$228,000
June
3,040
$221,600
Compute a cost function using the high-low method.
(1 Mark)
Q3
Hashim Corporation sells its product for $17 per unit. Its variable cost is $10 per unit, and
total fixed costs are $800. Assuming next period’s estimated sales are 300, calculate the
following amounts:
a. Degree of operating leverage
b. Margin of safety in units
c. Margin of safety in revenues
(1 Mark)
Q 4 Provide one numerical example for allocation of overhead of one job and analyze this example?
(1 Mark)
Q 5 Discuss the concept of Equivalent Units in process costing and give numerical example? (1
Mark)
Page 2 of 3
Page 3 of 3
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