Scribd
Upload
47 views3 pages

Assignment : Deadline

This document provides instructions and questions for a cost accounting assignment. It includes 4 questions related to concepts like vision and mission statements, cost analysis using the high-low method, break-even analysis, and calculating degree of operating leverage, margin of safety. Students are instructed to submit their answers in Word format on Blackboard by the deadline and informed that late or plagiarized submissions will not be accepted.

Uploaded by

collins kirimi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
47 views3 pages

Assignment : Deadline

This document provides instructions and questions for a cost accounting assignment. It includes 4 questions related to concepts like vision and mission statements, cost analysis using the high-low method, break-even analysis, and calculating degree of operating leverage, margin of safety. Students are instructed to submit their answers in Word format on Blackboard by the deadline and informed that late or plagiarized submissions will not be accepted.

Uploaded by

collins kirimi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
You are on page 1/ 3

College of Administration and Finance Sciences

Assignment (1)
Deadline: Saturday 16/10/2021 @ 23:59

Course Name: Cost Accounting Student’s Name:


Course Code: ACCT 301 Student’s ID Number:
Semester: 1st CRN:
Academic Year: 1443 H

For Instructor’s Use only


Instructor’s Name:
Students’ Grade: /5 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 5)

Q1. Examine with suitable examples, how “Vision and Mission statement” influence the
organization’s decision making process? Also provide vision and mission statement of any two
Saudi companies. (1.5
Marks)

Answer:

Q2. The following data has been taken from the records of ABC Company for the year 2015:
(1 Marks)

Month Units Produced Total Cost (SAR)


January 3,500 35,500
Februar
y 3,750 35,750
March 4,000 36,000
April 4,250 36,250
May 4,500 38,000
June 4,750 43,000
July 2,750 32,000
August 3,250 32,500

Required:
Using the high-low method of analysis, find out variable cost, fixed cost and determine a cost
function.
Answer:
College of Administration and Finance Sciences

Q3. MNM Corporation provides you the following accounting information related with a
particular product: (1.5
Marks)

Particulars Amount (SAR)


Selling price per unit 500
Variable cost per unit 200
Total fixed cost 240,000

Use cost volume profit analysis to answer the following questions:

a) Determine the break-even point in units?


b) Determine the break-even point in sales value SAR?
c) What will be the pretax profit if company sells 1,200 units of the product?
d) How many units the company will be required to sell to reach a target pretax profit of
SAR 150,000?
Answer:

Q4. X Ltd. makes metal products and sells a metal product for SAR 150 per units. The
company’s variable cost is SAR 35 per units and total fixed cost are SAR 51,750. The
company’s estimated next year budgeted sales are 1,500 units. You are required to calculate:
(1 Marks)

a) Degree of operating leverage


b) Margin of safety in units
c) Margin of safety in SAR value

Answer:

You might also like