Cost Accounting Worksheet

College of Administrative and Financial Sciences Assignment 1 Deadline: 19.6.2021@ 23:59 Course Name: Cost accounting Student’s Name: Course Code: ACCT 301 Student’s ID Number: Semester: summer term CRN: Academic Year: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 2 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. (2 Mark) Q2 The following data were obtained from the accounting information system of ABC 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. (2 Mark) Q3 XYZ Corporation sells its product for $17 per unit. Its variable cost is $10 per unit, and total fixed costs are $800. Assuming next period’s estimated sales are 300, calculate the following amounts: a. Degree of operating leverage b. Margin of safety in units c. Margin of safety in revenues (1 Mark) Page 2 of 2.

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