Description
|
Cost Accounting |
Student’s Name: |
|
Course Code: ACCT 301 |
Student’s ID Number: |
|
Semester: 1st Semester |
CRN:13932 |
|
Academic Year: 1447 H (2025-26) |
|
For Instructor’s Use only
|
Instructor’s Name: Ahmed Alhadaithi |
|
|
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 THEIRWORK 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 ownwords, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed usingTimes 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.
Assignment Questions:(Marks 15)
1. Metro Toys are making two types of toys namely ‘Supreme’ and ‘Deluxe’. Metro Toys has only 200,000 machine hours available per year. The following information is provided for both the products.
|
Supreme |
Deluxe |
|
|
Selling Price per unit |
SAR 50 |
SAR 30 |
|
Variable Cost Per Unit |
SAR 25 |
SAR 10 |
|
Required Machine Hours/Unit |
8 |
2 |
Required:
a) Determine the Total Contribution Margin in SAR if Only ‘Deluxe’ Toys are produced. (2.5 Marks)
b) Determine the Total Contribution Margin in SAR if Only ‘Supreme’ Toys are produced. (2.5 Marks)
Solution:
2. Akbar Inc. has two support departments (Accounting and Information Technology) and Two Operating Departments of Producing Plastic Products and Metal Products. The cost information of all these departments and allocation bases are given below:
|
Support Department |
Operating Department |
||||
|
Accounting |
Information Technology |
Plastic Products |
Metal Products |
Total |
|
|
Cost (SAR) |
40,000 |
64,000 |
120,000 |
160,000 |
384,000 |
Possible Allocation Bases:
|
Support Department |
Operating Department |
||||
|
Accounting |
Information Technology |
Plastic Products |
Metal Products |
Total |
|
|
No. of Employees |
5 |
8 |
15 |
25 |
53 |
|
No. of Computers |
24 |
36 |
320 |
480 |
860 |
Accounting Department’s Cost will be allocated using number of employees and Information Technology Department’s cost will be allocated using number of computers.
Required:
Allocate the Support Department Cost to Operating Department using Direct Method.
(Step by Step Calculation is required).(5 Marks)
Note: Show your solution through table.
Solution:
3. Freshly Juice company produces three products differently. These products are jointly produced upto certain stage and then after they are identified separately. The joint cost of processing these products are SAR 160,000. You are required to allocate this Joint Cost among the three different product by using the following methods.
a) Sales Value at Split Off Method (2.5 Marks)
b) Net Realizable Value (NRV) Method (2.5 Marks)
The quantitative information of these products are as follows:
|
Products |
KG Produced |
Selling Price Per KG at Split Off |
Final Sale Value |
Separable Cost |
|
A |
20,000 |
SAR 1.2 |
70,000 |
6,000 |
|
B |
40,000 |
SAR 1.4 |
94,000 |
9,000 |
|
C |
80,000 |
SAR 0.8 |
80,000 |
10,000 |
Note: Show your solution through table.
Solution:
Assignment (2)
Deadline: Thursday 27/11/2025 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 1st Semester
CRN:13932
Academic Year: 1447 H
(2025-26)
For Instructor’s Use only
Instructor’s Name: Ahmed Alhadaithi
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. Metro Toys are making two types of toys namely ‘Supreme’ and ‘Deluxe’.
Metro Toys has only 200,000 machine hours available per year. The following
information is provided for both the products.
Supreme
Deluxe
Selling Price per unit
SAR 50
SAR 30
Variable Cost Per Unit
SAR 25
SAR 10
8
2
Required Machine Hours/Unit
Required:
a) Determine the Total Contribution Margin in SAR if Only ‘Deluxe’ Toys are
produced.
(2.5 Marks)
b) Determine the Total Contribution Margin in SAR if Only ‘Supreme’ Toys
are produced.
(2.5 Marks)
Solution:
2. Akbar Inc. has two support departments (Accounting and Information
Technology) and Two Operating Departments of Producing Plastic Products and
Metal Products. The cost information of all these departments and allocation
bases are given below:
Support Department
Operating Department
College of Administration and Finance Sciences
Accounting
Cost
40,000
Information
Plastic
Metal
Total
Technology
Products
Products
64,000
120,000
160,000
384,000
(SAR)
Possible Allocation Bases:
No. of
Support Department
Operating Department
Accounting
Information
Plastic
Metal
Technology
Products
Products
Total
5
8
15
25
53
24
36
320
480
860
Employees
No. of
Computers
Accounting Department’s Cost will be allocated using number of employees and
Information Technology Department’s cost will be allocated using number of
computers.
Required:
Allocate the Support Department Cost to Operating Department using Direct
Method.
(Step by Step Calculation is required).
(5 Marks)
Note: Show your solution through table.
Solution:
3. Freshly Juice company produces three products differently. These products are
jointly produced upto certain stage and then after they are identified separately.
The joint cost of processing these products are SAR 160,000. You are required to
College of Administration and Finance Sciences
allocate this Joint Cost among the three different product by using the following
methods.
a) Sales Value at Split Off Method
b) Net Realizable Value (NRV) Method
(2.5 Marks)
(2.5 Marks)
The quantitative information of these products are as follows:
Products
A
B
C
KG Produced Selling Price
Per KG at
Split Off
20,000
SAR 1.2
40,000
SAR 1.4
80,000
SAR 0.8
Note: Show your solution through table.
Solution:
Final Sale
Value
Separable
Cost
70,000
94,000
80,000
6,000
9,000
10,000
Purchase answer to see full
attachment
