ACC 301 SEU Cost Accounting Measuring Monitoring & Motivating Performance Responses

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wnjnure34

Business Finance

Acc 301

Saudi electronic university

ACC

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guidelines and Instructions are involved inside questions

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REFERENCE IS REQUIRED (APA style)

Textbook

  • Eldenburg, L. G., & Wolcott, S. K. (2011). Cost management: Measuring, monitoring, and motivating performance (2nd ed.). Hoboken, NJ: John Wiley & Sons, Inc. ISBN-13: 978-0470-76942-3.

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College of Administrative and Financial Sciences Assignment 3 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 2 Q1 What are support departments, and why are their costs allocated to other departments? What process is used to allocate support department costs? Q2 How are joint costs allocated? Explain and analyze using numerical example. . Q 3 How are budget variances calculated and used as performance measures? Provide numerical example? Page 2 of 2
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Explanation & Answer

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1

Cost Accounting

Student’s Name
Institutional Affiliation
Course
Professor’s Name
Date

2
Response one
Support departments are departments responsible for providing significant services
that help other departments in the organization such as operating departments. Support
departments are also referred to as service departments. Personnel, information technology,
maintenance and utilities are among the services they provide (Eldenburg & Wolcott, 2011). An
operation department in an organization can request for the organization’s overall data of
production for the past 3 years from the department responsible for data processing since it is a
support department. However, because the support departments normally operate on the behalf
of other internal departments, the costs incurred by this departments are allocated to the
departments that has received the service. Support departments lays off the burden of costs to
other departments so as to focus on the fundamental function.
The process that support dep...


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