ACCT 301 Saudi Electronic Cost Accounting in Production Departments Case Study

ACCT 301 Saudi Electronic Cost Accounting in Production Departments Case Study
College of Administrative and Financial Sciences
Assignment 3
Deadline: 21/11/2020 @ 23:59
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

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
Q 1 Provide numerical example of assigning support department cost and discuss the
purpose of assigning support department costs (Week 10: Chapter 8, Measuring and
Assigning Support Department Costs).
(2 marks)
Q 2 LMN Compagny produces three products K, L and M. During the year, the joint costs
of processing the three products were $480,000.
Production and sales value information were as follows:
Sales Value
Product
Units
at Split-Off
Separable Costs
Selling Price
K
500,000
$13 per unit
$6.00 per unit
$40 per unit
L
300,000
$12 per unit
$4.00 per unit
$37 per unit
M
200,000
$8 per unit
$3.00 per unit
$28 per unit
Allocate the joint costs using the physical output method.
(Week 11: Chapter 9, Joint product and by – Product costing)
(1.5 marks)
Q 3 Provide numerical examples of static and flexible budget and discuss how these
budgets could be used to evaluate the performance of the managers (Week 12: Static and
flexible budgets).
(1.5 marks)
.
Page 2 of 2

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