timer Asked: May 6th, 2020

Question Description

please follow the requirements on question 1 and 2 , 3 for more information how to do the assignment is on the last page title, content, introduction, Q 1,2,3 conclusion, reference

Plagiarism less than 10 %
1300 words

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COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF UNDERGRADUATE PROGRAMME B.Sc. in Accounting, Auditing and Finance ASSIGNMENT BRIEF-2 Weightage: 30% Student Name & ST Number Semester 5 Year- 2020 Assignment Title Life Cycle Costing ,Throughput Accounting & Make or Buy Decisions Module ADVANCED MANAGERIAL ACCOUNTING Assessor: Start Date: 9th April 2020 Internal Verifier Due Date: Formative 23rd April 2020 February to June 2020 Ms. Shobhna/ Dr. Mohammad Ali MR. N.lakmal Summative 7th May 2020 Required Work, Format and Grading You must submit the following by the assignment due date: ▪ ▪ ▪ Completed answers to each task, making sure that you fully address each of the outcome criteria. Answer all questions separately. Assignments without TURNITIN report will not be accepted. Resources: You need to demonstrate a confident application of the theories to the assignment task. The theoretical underpinning of your observations and deliberations should also demonstrate a good understanding of the subject by the way that your analysis is structured. You can access the Internet to research about the topic. You should demonstrate good academic practice by the appropriate use of academic texts and journals that are properly referenced. Guidelines and further information about assignment: Assignment must be submitted with the “Turnitin” report. If the report generated indicates a similarity index percentage of 20% or more, a review of your assignment is necessary to ensure the same is reduced to less than 20%. Student declaration: I certify that the work contained in this assignment was researched and prepared by me: Signature: ___________________________ Date: ___________________ Grades given are subjected to Internal Verification. No grades are Final The user ID and Password for submitting the soft copy of the report through TURNITIN is as follows: Class ID:24315173 Enrolment Password:amas5 Note – Formative feedback will be given in general- Not for the calculations. You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded. Fill in the form cover and staple it with your assignment. Make sure that all the relevant details are complete. Assignments must be submitted by the due date. You may include diagrams, figures etc without word penalty. Plagiarism Writing Summary 1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail to state where you got the material from. You need to be also very careful about the amount of words you are using from somebody else’s work. 2. It can happen in any type of assessment where you are given the questions or tasks in advance. 3. If another student uses your work in his/her answer(s), both you and he/she will be punished when caught. 4. Punishments for committing plagiarism can be very severe. Details Plagiarism is a form of cheating in which students use the work of others and present it as their own. It may include all or any one of the following – 1. Copy extensively from the work of others (from sources such as books, magazines, journal, web-sites etc) and submit the work as your own. 2. Copy another students’ work and submit it for assessment under your own name. 3. Allow another student to copy your work and then submit it for assessment under their own name. What happens if you get caught? The examining body of CBFS may punish offending students in any manner that they deem fit. Typical punishments may range from reduction in grades, making students re-sit modules and even failing students on a module or an entire award. The college considers this form of cheating as a serious offence. Therefore be forewarned! ______________________________________________________________________ Scenario or Tasks Question-1 Racket is a manufacturing company produces a range of products for tennis goods market. The company is developing a new type of tennis racquet for the middle-east market. The research and development of the product will take one year; The Company is planning to launch the product from the beginning of the 2nd year. The company is expecting that the life cycle of the product will only be two years because of the new technological developments happening in the sports goods market. The estimated cost of the tennis racquet is as follows: Year-1 Year-2 Year-3 5,000 10,000 Variable cost per unit(OMR) 25 23 Fixed Production Cost(OMR) 150,000 320,000 Variable Cost per unit(OMR) 3 2.50 Fixed Distribution Cost(OMR) 40,000 32,000 Variable cost per unit(OMR) 2.00 1.50 Fixed Selling Cost(OMR) 40,000 50,000 Racquets manufactured and sold(Units) Designing cost(OMR) 400,000 Research cost(OMR) 80,000 Production cost:- Distribution Costs: Selling Cost: Marketing Cost(OMR) 300,000 250,000 400,000 Administration Cost(OMR) 50,000 200,000 400,000 Using the data provided above you are required to: a) Calculate life cycle cost per racquet. 6 Marks b) ‘Life cycle cost assess the profitability over the full life cycle of the product’. In relation to the statement, discuss the benefits of the life cycle costing. 4 Marks Question 2 Volga Company is producing three types of products, V1 V2 and V3 All the products are produced in three processes Process1, Process2 and Process 3. Company is facing a tough price competition in the market it operates. In the production process, the product first goes through process1 then in process 2 and finally completed in process 3. The total factory time available for the year is 22,500 Hours. One hour of labour is needed for each hour of factory time. Labour cost per hour is OMR 19.5. The following data is available about each process Product Processing time in hour per unit . V1 V2 V3 Process 1 0.75 0.75 0.50 Process 2 0.30 0.50 0.30 Process 3 0.50 0.30 0.30 The selling price and cost details are as below: V1 V2 Material cost per unit (OMR) 6 5 Selling Price per unit (OMR) 100 120 V3 4 50 Fixed cost for the year excluding labour cost is OMR 2025,000 Required: a) Using the above scenario of Volga Company showing the working clearly, identify which process is bottleneck process and explain why this process is described as bottleneck. 4 Marks b) Calculate TPAR (Throughput accounting ratio) for each product V1, V2 and V3 and rank the products. Justify your answer by interpreting each Ratio. 6 Marks Question 3 Sun Company - Make or Buy Sun Company produces 3 products SN, MN and ER. The following information is available. It uses one type of material B to produce all the three products. Product Demand (units) Variable cost to make ($ per unit) SN MN ER 4,000 2,500 11 12 3,000 14 Buy-in price ($ per unit) 13 16 12 Kg of B required per unit 1kg 1.5kg 2kg (Included in variable cost) Required: a) Which products should the company make and which should it buy? (3 Mark) b) The availability of Material B is limited to 7000 kg. Based on the available material suggest if the material is sufficient to produce all the products. (calculate surplus or shortfall. (3 Marks) c) Explain problems involving capacity utilization in make or buy decisions. Support your answer based on the calculation done in part(b) above. (4 Marks) Contents of the Assignment should be: ➢ Title Page ➢ Contents ➢ Introduction ➢ Question 1,2 and 3 ➢ Conclusion ➢ References Support your assignments with relevant graphs, charts, tables(quantitative data) if applicable. Maximum 1300 words (+ / - 10% margin ) END OF ASSIGNMENT ...
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