ACCT 301 SEU Job Costing in Service Sectors Accounting Discussion

Description

1 attachmentsSlide 1 of 1attachment_1attachment_1

Unformatted Attachment Preview

•
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 4
Q 1 Give a numerical example of non routine decision, Determine the relevant costs for this non
routine decision and discuss the analysis (quantitative and qualitative) required to make the decision?
(1.5 Marks)
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
Q 2 Which types of companies would most likely use a process costing system? Provide examples
of two Saudi Compagnies.
Explain the methods with which the cost per unit will be calculated for this type of companies.
Explain how the different items of inventory will be evaluated?
(1.5 Marks)
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
Page 2 of 4
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
Q 3 KLM Compagny has two departments, Assembly and Testing. You are given the following
information about the costs of 5 activities that occur at the manufacturing plant monthly:
Activity
Total Costs
Material handling
SAR200, 000
Supervision of direct labor
126,000
Janitorial and cleaning
200,000
Machining
300,000
Total costs
SAR826,000
Total number of units of Cost Driver
400,000 parts
90 employees
4,000 hours
7,000 machine hours
The above activities are used by the two departments as follows:
Assembly
Material handling
200,000 parts
Supervision of direct labor
40 employees
Time spent cleaning
2,000 hours
Number of machine hours
5,000 machine hours
Testing
200,000 parts
50 employees
2,000 hours
2,000 machine hours
a. How much of the material handling cost will be allocated to Assembly?
b. What is the ABC allocation rate for supervision of direct labor?
( 2 Marks)
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
Page 3 of 4
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
…………………………………………………………………………………………………………
Page 4 of 4

Purchase answer to see full
attachment

Explanation & Answer:
5 pages

User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.