{"id":10876,"date":"2025-10-01T14:35:26","date_gmt":"2025-10-01T14:35:26","guid":{"rendered":"https:\/\/www.essaybishops.com\/au\/?p=10876"},"modified":"2025-10-01T14:35:28","modified_gmt":"2025-10-01T14:35:28","slug":"acct-301-cost-accounting-assignment-1","status":"publish","type":"post","link":"https:\/\/www.colapapers.com\/essays\/acct-301-cost-accounting-assignment-1\/","title":{"rendered":"ACCT 301 Cost Accounting Assignment (1)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><strong>Assignment (1)<\/strong><\/p>\n<p><strong><u>Assignment Questions<\/u><\/strong><strong>:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 (Marks 15)<\/strong><\/p>\n<ol>\n<li>A company provided the following information regarding its units produced and total cost incurred:<\/li>\n<\/ol>\n<table>\n<tbody>\n<tr>\n<td width=\"303\">Units Produced<\/td>\n<td width=\"301\">Total Cost (SAR)<\/td>\n<\/tr>\n<tr>\n<td width=\"303\">5000<\/td>\n<td width=\"301\">20,000<\/td>\n<\/tr>\n<tr>\n<td width=\"303\">7400<\/td>\n<td width=\"301\">27,200<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Using Two-Point Method you are required to determine:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2+2+1 Marks)<\/p>\n<ol>\n<li>Variable Cost per unit<\/li>\n<li>Total Fixed Cost<\/li>\n<li>Cost Function<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li>Bill\u2019s Briefcases makes high quality cases for laptops that sell for $200. The variable costs per briefcase are $80, and the total fixed costs are $360,000. Currently bill\u2019s salespersons have salaries totaling $80,000 (included in Fixed Cost of $360,000) and earn a 10% commission on each unit ($20 per briefcase). He is considering an alternative compensation arrangement where the salaries are decreased to $30,000 and the commission is increased to 20% ($40 per briefcase).<\/li>\n<\/ol>\n<p>You are required to:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2+3 Marks)<\/p>\n<ol>\n<li>Compute the Break Even Point in units under the proposed alternative.<\/li>\n<li>Compute the volume of sales in units for which Bill is indifferent between the two alternatives.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li>Prepare Journal Entries from the following information relating to Job Costing.<\/li>\n<li>The material storeroom receives a shipment of direct and indirect materials that cost $ 12,000.<\/li>\n<li>Materials are sent to the stamping and assembly areas. The Cost of the direct materials is $ 1,500 and the cost of the indirect materials is $ 900.<\/li>\n<li>Wages totaling $ 2,000 are accrued; 70 % of these costs are direct labour and 30% are indirect labour.<\/li>\n<li>Overhead costs are allocated to work in process using an allocation rate of 150% of direct labour costs.<\/li>\n<li>Job No. 1205, with a total cost of $ 2,500 is completed.<\/li>\n<\/ol>\n<p>(5 X1 Mark)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Assignment (1) Assignment Questions:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 (Marks 15) A company provided the following information regarding its units produced and total cost incurred: Units Produced Total Cost (SAR) 5000 20,000 7400 27,200 &nbsp; Using Two-Point Method you are required to determine:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2+2+1 Marks) Variable Cost per unit Total Fixed Cost Cost Function &nbsp; Bill\u2019s Briefcases makes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[738,4362,4159,3872],"tags":[4363],"class_list":["post-10876","post","type-post","status-publish","format-standard","hentry","category-accounting-assignment-homework-help-answers","category-cost-accounting-assignment","category-help-with-accounting-assignment","category-online-homework-help-management-business-accounting-geometry-more","tag-cost-accounting-assignment"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/posts\/10876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/comments?post=10876"}],"version-history":[{"count":1,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/posts\/10876\/revisions"}],"predecessor-version":[{"id":10877,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/posts\/10876\/revisions\/10877"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/media?parent=10876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/categories?post=10876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/essays\/wp-json\/wp\/v2\/tags?post=10876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}