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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: 2
CRN:
Academic Year: 1441/1442 H
For Instructor’s Use only
Instructor’s Name: Dr. Shahid Husain
Students’ Grade / 5
Level of Marks:
Instructions PLEASE Read Carefully and follow them strictly.
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.

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1. Provide example of one Saudi Company and analyze two examples of
organizational strategies and operating plans for this example. (1 Mark)
2. 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 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)
3. 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: (1 Mark)
a. Degree of operating leverage
b. Margin of safety in units
c. Margin of safety in revenues
4. Provide one numerical example for allocation of overhead of one job and analyze
this example? (1 Mark)
5. Discuss the concept of Equivalent Units in process costing and give numerical
example? (1 Mark)

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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: 2 CRN: Academic Year: 1441/1442 H For Instructor’s Use only Instructor’s Name: Dr. Shahid Husain Students’ Grade /5 Level of Marks: Instructions – PLEASE Read Carefully and follow them strictly. • 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 5 1. Provide example of one Saudi Company and analyze two examples of organizational strategies and operating plans for this example. (1 Mark) 2. Abdulkrim Company manufactures a product A. The company estimates the ...
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