Description 2 attachmentsSlide 1 of 2attachment_1attachment_1attachment_2attachment_2.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview College of Administrative and Financial Sciences Assignment 1 Deadline: 10 /10/2020 @ 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 – 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 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 3 Q1 Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies. (1 Mark) Answer: Q2 The following data were obtained from the accounting information system of Attawfik Corporation: Units Total Cost Month Produced January 60 SAR1,533.4 February 50 1,300 March 80 2,000 April 30 833.5 a. Use the data for February and March and the two – point method to determine a cost function. b. Use the high – low method to determine a cost function. C. How do you think that a cost function may provide poor estimates of future costs? (1 Mark) Answer Q3 a. Analyze the following Graph and the breakeven point and discuss how this analysis is used for decision making? Page 2 of 3 b. If fixed costs are $400,000, selling price per unit is $150, and variable cost per unit is $100, how many units must the company sell in order to earn a profit of $ 100,000? (1 Mark) Answer Q 4 Which types of companies would most likely use a process costing system and which types of companies would use job costing? Provide examples of two Saudi Companies. Explain the methods with which the cost per unit will be calculated for each type of company using numerical example. (2 Marks) Answer Page 3 of 3 College of Administrative and Financial Sciences Assignment 1 Deadline: 10 /10/2020 @ 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 – 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 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 3 Q1 Provide example of one Saudi Company and analyze the steps that the managers in this company can take to achieve its vision and use core competencies. (1 Mark) Answer: Q2 The following data were obtained from the accounting information system of Attawfik Corporation: Units Total Cost Month Produced January 60 SAR1,533.4 February 50 1,300 March 80 2,000 April 30 833.5 a. Use the data for February and March and the two – point method to determine a cost function. b. Use the high – low method to determine a cost function. C. How do you think that a cost function may provide poor estimates of future costs? (1 Mark) Answer Q3 a. Analyze the following Graph and the breakeven point and discuss how this analysis is used for decision making? Page 2 of 3 b. If fixed costs are $400,000, selling price per unit is $150, and variable cost per unit is $100, how many units must the company sell in order to earn a profit of $ 100,000? (1 Mark) Answer Q 4 Which types of companies would most likely use a process costing system and which types of companies would use job costing? Provide examples of two Saudi Companies. Explain the methods with which the cost per unit will be calculated for each type of company using numerical example. (2 Marks) Answer Page 3 of 3 Purchase answer to see full attachment Tags: cost accounting Breakeven point Variable cost per unit User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

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College of Administrative and Financial Sciences
Assignment 1
Deadline: 10 /10/2020 @ 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 – 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 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 3
Q1 Provide example of one Saudi Company and analyze the steps that the managers in this
company can take to achieve its vision and use core competencies. (1 Mark)
Answer:
Q2 The following data were obtained from the accounting information system of Attawfik
Corporation:
Units
Total Cost
Month
Produced
January
60
SAR1,533.4
February
50
1,300
March
80
2,000
April
30
833.5
a. Use the data for February and March and the two – point method to determine a cost
function.
b. Use the high – low method to determine a cost function.
C. How do you think that a cost function may provide poor estimates of future costs?
(1 Mark)
Answer
Q3 a. Analyze the following Graph and the breakeven point and discuss how this analysis is
used for decision making?
Page 2 of 3
b. If fixed costs are $400,000, selling price per unit is $150, and variable cost per unit is $100,
how many units must the company sell in order to earn a profit of $ 100,000?
(1 Mark)
Answer
Q 4 Which types of companies would most likely use a process costing system and which types of
companies would use job costing? Provide examples of two Saudi Companies.
Explain the methods with which the cost per unit will be calculated for each type of company using
numerical example.
(2 Marks)
Answer
Page 3 of 3
College of Administrative and Financial Sciences
Assignment 1
Deadline: 10 /10/2020 @ 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 – 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 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 3
Q1 Provide example of one Saudi Company and analyze the steps that the managers in this
company can take to achieve its vision and use core competencies. (1 Mark)
Answer:
Q2 The following data were obtained from the accounting information system of Attawfik
Corporation:
Units
Total Cost
Month
Produced
January
60
SAR1,533.4
February
50
1,300
March
80
2,000
April
30
833.5
a. Use the data for February and March and the two – point method to determine a cost
function.
b. Use the high – low method to determine a cost function.
C. How do you think that a cost function may provide poor estimates of future costs?
(1 Mark)
Answer
Q3 a. Analyze the following Graph and the breakeven point and discuss how this analysis is
used for decision making?
Page 2 of 3
b. If fixed costs are $400,000, selling price per unit is $150, and variable cost per unit is $100,
how many units must the company sell in order to earn a profit of $ 100,000?
(1 Mark)
Answer
Q 4 Which types of companies would most likely use a process costing system and which types of
companies would use job costing? Provide examples of two Saudi Companies.
Explain the methods with which the cost per unit will be calculated for each type of company using
numerical example.
(2 Marks)
Answer
Page 3 of 3

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cost accounting

Breakeven point

Variable cost per unit

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