ACCT 301 SEU Cost Accounting Saudi Electronic Company Accounting Question

User Generated

anwq_2020

Business Finance

ACCT 301

Saudi electronic university

ACCT

Description

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).

The Assignment must be submitted in (WORD format only).

Use 2 to 4 References and write it in the last page by APA style.

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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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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 6

Q1 Provide example of one Saudi Company and analyze two examples of organizational
strategies and operating plans for this example. (1 Mark)
Saudi Electricity Co.: Two among the many organizational strategies for this company are;


Increase the size of geographical area to serve – The company’s plan towards
achieving this goal is by it installing a 5GW capacity generation plant and distributing
the interconnection infrastructure every year in the states. The government intends to
inject USD 5 billion for generation and 4 billion for distribution.



Improve customer service – To achieve this goal, Saudi electricity company wants to
actively use social networks so that customers can be able to raised concerns or easily
communicate and be reached out to easily and faster.

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 information were collected:

Month

Units

To...


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