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Hello dear

I want to stress some very important instructions to you

First, plagiarism must be zero, any percentage will cause the teacher to cancel my homework

You must focus on the solution and put the requirements correctly and without any error, a correct and complete solution to all questions

References must be placed and placed in style APA.

Put the solution inside the file

There is no possibility of error, you must make sure of the solution well

If you are sure that you will solve it correctly, accept the work

College of Administration and Finance Sciences

Assignment (1)
Deadline: Saturday 01/03/2025 @ 23:59
Course Name: Cost Accounting

Student’s Name:

Course Code: ACCT 301

Student’s ID Number:

Semester: Second

CRN:
Academic Year: 1446 H

(2024-25)

For Instructor’s Use only
Instructor’s Name:
Students’ Grade:

/15

Level of Marks: High/Middle/Low

Instructions – PLEASE READ THEM CAREFULLY
• 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 answers 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.

College of Administration and Finance Sciences

Assignment Questions:

(Marks 15)

1. Determine the cost function from the following information using Account
Analysis method.
Expense

(5 Marks)
Amount

Variable

Fixed

Direct Materials

$400,000

400,000

Direct Labor

200,000

200,000

Rent

25,000

25,000

Insurance

15,000

15,000

Commissions

180,000

180,000

Telephone

20,000

20,000

Expenses
Depreciation

70,000

Power & Light

30,000

Admin Salaries

40,000

70,000
30,000

Additional Information:
1) During the year 100,000 units were produced and sold.
2) Selling price per unit was $ 4.
Required:
a) Determine the cost function using units produced as the cost driver.
b) Determine the cost function using Sales ($) as the cost driver.

40,000

College of Administration and Finance Sciences

2. Suppose Ali Inc. has budgeted next years’ sales at 12,000 units of a product.
The selling price per unit is SAR 90, Variable Cost per unit is SAR 30, and
Total Fixed Cost is SAR 450,000.

(5 Marks)

Determine the Following:
a) BEP in units
b) Contribution Margin Ratio
c) BEP in Sales (SAR)
d) Margin of Safety Percentage
e) Degree of Operating Leverage

3. Akbar Inc. expected to use 25,000 Direct Labour hours this year; overhead is
allocated to WIP using Direct Labour Hours. Job # 5 shows total cost of
$ 15,000. An inspection reveals that 15% of Job # 5 must be scrapped and sold
for $ 200. Job # 5 was originally a batch of 8000 units.

(5 Marks)

Requirement:
1) Prepare Journal Entry to record the spoilage and the sale of the scrap if the
spoilage is considered normal and is not due to the demanding specification
of Job # 5.
2) Determine the manufacturing cost per units for the good units in Job # 5, if
the spoilage is considered normal and is not due to the demanding
specification of Job # 5.
3) Prepare Journal Entry to record the spoilage and the sale of the scrap if the
spoilage is considered abnormal and occurred due to the demanding
specification of Job # 5.
4) Determine the manufacturing cost per units for the good units in Job # 5, if
the spoilage is considered abnormal and occurred due to the demanding
specification of Job # 5.

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