Description
Find attached
Assignment (2)
Deadline: Thursday 27/11/2025 @ 23:59
Course Name: Managerial Accounting
Student’s Name:
Course Code: ACCT322
Student’s ID Number:
Semester: 1st
CRN:
Academic Year: 1447 H
For Instructor’s Use only
Instructor’s Name: Dr. Ashfaque Ahmed
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.
Restricted – مقيد
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q1a. Explain the importance of cash budget for managerial decision
b. Enciso Corporation is preparing its cash budget for November. The budgeted beginning
cash balance is $31,000. Budgeted cash receipts total $135,000 and budgeted cash
disbursements total $141,000. The desired ending cash balance is $50,000. The company
can borrow up to $100,000 at any time from a local bank, with interest not due until the
following month.
Required:
Prepare the company’s cash budget for November in good form.
Answer:
Q2. Why do managers use standard cost? Explain it’s applicability to variance analysis in
computing Direct material variance and Direct labor variance.
Answer:
Q3. ABC Inc. has average operating assets of SR200, 000 and is required to earn a return
of 15% on these assets. In the current period, the division earns net income of SR50, 000
and their Sales were SR 350,000.
Required:
a. compute the ROI using Du Pont.
b. compute the Residual Income.
Answer:
Restricted – مقيد
College of Administration and Finance Sciences
Q4. The Phelps Company applies overhead costs to products on the basis of standard direct
labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit of
product. Phelps Company had the following budgeted and actual data for March:
The budgeted direct labor-hours is used as the denominator activity for the month.
Calculate the variable overhead efficiency variance for March.
Answer
Q5. The capital budgeting techniques that best recognize the time value of money are those
that involve discounted cash flows. Explain both discounted and non- discounted methods
with numerical examples.
Answer:
Restricted – مقيد
Purchase answer to see full
attachment
