Managerial Accounting / ACCT322

TheAssignmentmustbesubmittedonBlackboard(WORDformatonly)viaallocatedfolder.

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

usingTimesNewRoman(size12,double-spaced)font.Nopicturescontainingtextwillbeacceptedandwillbeconsideredplagiarism.

SubmissionswithoutthiscoverpagewillNOTbeaccepted.

AssignmentQuestion(s):(Marks15)

Q.1Computeandcompletethefollowingtableasperthevaluegiveninthebox.(2Marks)

Output

TotalFixedCost

TotalVariableCost

TotalCost

200

300

150,000

400

20,000

500

600

Answer:

OutputTotalFixedCostTotalVariableCostTotalCost

Q2.BrieflyExplainwithexampleinyourwords(2marks)

1.JobCosting

2.ABCCosting

Answer:

Students’answermaybedifferentdependinguponExplanation.(DON’T COPY THE ANSWER FROM OTHER STUDENT)

Q.3- Global MNCs manufactures sports items. The material used in for one sports item cost $ 45. The Global MNCs establish and rents a manufacturing factory for a monthly rent of $ 475. (3 Marks)

You are required to.

Prepare a table showing the Total Fixed Cost, Total Variable cost,

Total Cost

and Average Fixed Cost, Average Variable Cost, and Average Cost for three different levels of production.

(No. of units at three different levels can be chosen by you).

Every student should choose different level. Do not copy and paste the same unit/number.

Solution. This is just a model SOLUTION. Students’ answer may be different depending upon their assumption.

Level

TFC

TVC

TC

AFC

AVC

AC

Q. 4 -The total cost of production for the last six

Month

s for Noor Bicycles is as follows.

Use the high-low method find out.

1. Variable cost per unit,

2. Fixed cost

3. Total cost, if production in the July will be 5000 units. (3 Marks)

Month

Total Cost

	Units
	January		3,560		$242,400
	February		3,800		$252,000
	March		4,000		$260,000
	April		3,600		$244,000
	May		3,200		$228,000
	June		3,040		$221,600

Answer:

Q. 5 A few costs and measures of activity are listed below. (5 marks)

Required:Fill the correct cost in the column mentioned below as per information which indicates whether the cost is Direct / Indirect /Fixed or Variable with respect to the possible measure of activity listed below.

	Cost Description		Possible measure of activity / cost object		Fixed or Variable cost / Direct / or Indirect cost
	Cost of direct material used to make tables and chairs in the office		Units produced
	Cost of COVID vaccine produced in the KSA		Vaccine production
	Cement/ steel /sand/ other material use to build a house/office		Office or home
	Electricity cost for lulu hypermarket for selling products or production /producer		Selling product to the people
	Deprecation cost for lulu hypermarket on all kinds of fixed assets or any constructions		A particular location or hypermarket
	Buying a photocopier for the production unit		For the office use
Paying any kind of incentive or commission for salesperson in MNCs		Paying in SR or $
	Paying salary to the driver at home for working on the monthly basis		Working for whole family
	Internet and water bills paid for the warehouse on the accrual basis		Monthly accrual payment
	Driver’s salary paid for the finished goods		Transporting to the market for the sale

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.Assignment Question(s): (Marks 15)Q.1 Compute and complete the following table as per the value given in the box. (2 Marks)

OutputTotal Fixed CostTotal Variable CostTotal Cost200300150,00040020,000500600

Answer:OutputTotal Fixed CostTotal Variable CostTotal Cost Q2. Briefly Explain with example in your words (2 marks) 1.Job Costing2.ABC CostingAnswer:Students’ answer may be different depending upon Explanation. (DON’T COPY THE ANSWER FROM OTHER STUDENT) Q.3- Global MNCs manufactures sports items. The material used in for one sports item cost $ 45. The Global MNCs establish and rents a manufacturing factory for a monthly rent of $ 475. (3 Marks)You are required to.Prepare a table showing the Total Fixed Cost, Total Variable cost, Total Cost and Average Fixed Cost, Average Variable Cost, and Average Cost for three different levels of production.(No. of units at three different levels can be chosen by you).Every student should choose different level. Do not copy and paste the same unit/number.Solution. This is just a model SOLUTION. Students’ answer may be different depending upon their assumption.

LevelTFCTVCTCAFCAVCAC

Q. 4 -The total cost of production for the last six Months for Noor Bicycles is as follows.Use the high-low method find out.

1. Variable cost per unit,

2. Fixed cost

3. Total cost, if production in the July will be 5000 units. (3 Marks)MonthUnitsTotal CostJanuary3,560$242,400February3,800$252,000March4,000$260,000April3,600$244,000May3,200$228,000June3,040$221,600Answer:Q. 5 A few costs and measures of activity are listed below. (5 marks)

Required:Fill the correct cost in the column mentioned below as per information which indicates whether the cost is Direct / Indirect /Fixed or Variable with respect to the possible measure of activity listed below.

Cost DescriptionPossible measure of activity / cost objectFixed or Variable cost / Direct / or Indirect cost

Cost of direct material used to make tables and chairs in the officeUnits producedCost of COVID vaccine produced in the KSAVaccine productionCement/ steel /sand/ other material use to build a house/officeOffice or homeElectricity cost for lulu hypermarket for selling products or production /producerSelling product to the peopleDeprecation cost for lulu hypermarket on all kinds of fixed assets or any constructionsA particular location or hypermarketBuying a photocopier for the production unitFor the office use

Paying in SR or $

Paying salary to the driver at home for working on the monthly basisWorking for whole familyInternet and water bills paid for the warehouse on the accrual basisMonthly accrual payment

Driver’s salary paid for the finished goodsTransporting to the market for the sale

Paying any kind of incentive or commission for salesperson in MNCs

College of Administration and Finance Sciences
Assignment (1)
Deadline: 02/03/2024 @ 23:59
Course Name: Managerial Accounting Student’s Name:
Course Code: ACCT322
Student’s ID Number:
Semester: 2nd-23-24
CRN: 23549
Academic Year: 1445 H
For Instructor’s Use only
Instructor’s Name: Dr. Mohammed Arshad Khan
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.
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Q.1 Compute and complete the following table as per the value given in the box. (2 Marks)
Output
Total Fixed Cost
Total Variable Cost
Total Cost
200
300
400
150,000
20,000
500
600
Answer:
Output
Total Fixed Cost
Total Variable Cost
Total Cost
Q2. Briefly Explain with example in your words (2 marks)
1. Job Costing
2. ABC Costing
Answer:
Students’ answer may be different depending upon Explanation. (DON’T COPY THE
ANSWER FROM OTHER STUDENT)
College of Administration and Finance Sciences
Q.3- Global MNCs manufactures sports items. The material used in for one sports item cost
$ 45. The Global MNCs establish and rents a manufacturing factory for a monthly rent of
$ 475.
(3 Marks)
You are required to.
Prepare a table showing the Total Fixed Cost, Total Variable cost, Total Cost and Average
Fixed Cost, Average Variable Cost, and Average Cost for three different levels of production.
(No. of units at three different levels can be chosen by you).
Every student should choose different level. Do not copy and paste the same unit/number.
Solution. This is just a model SOLUTION. Students’ answer may be different depending upon
their assumption.
Level
TFC
TVC
TC
AFC
AVC
AC
Q. 4 -The total cost of production for the last six Months for Noor Bicycles is as follows.
Use the high-low method find out.
1. Variable cost per unit,
2. Fixed cost
3. Total cost, if production in the July will be 5000 units.
(3 Marks)
Month
January
February
March
April
May
June
Units
3,560
3,800
4,000
3,600
3,200
3,040
Total Cost
$242,400
$252,000
$260,000
$244,000
$228,000
$221,600
Answer:
Q. 5 A few costs and measures of activity are listed below. (5 marks)
Required:
Fill the correct cost in the column mentioned below as per information which indicates whether
College of Administration and Finance Sciences
the cost is Direct / Indirect /Fixed or Variable with respect to the possible measure of activity
listed below.
Cost Description
Possible measure of
activity / cost object
Cost of direct material used to make tables
and chairs in the office
Units produced
Cost of COVID vaccine produced in the KSA
Vaccine production
Cement/ steel /sand/ other material use to
build a house/office
Office or home
Electricity cost for lulu hypermarket for
selling products or production /producer
Selling product to the
people
Deprecation cost for lulu hypermarket on all
kinds of fixed assets or any constructions
A particular location or
hypermarket
Buying a photocopier for the production unit
For the office use
Paying any kind of incentive or commission
for salesperson in MNCs
Paying in SR or $
Paying salary to the driver at home for
working on the monthly basis
Working for whole family
Internet and water bills paid for the
warehouse on the accrual basis
Monthly accrual payment
Driver’s salary paid for the finished goods
Transporting to the market
for the sale
Fixed or Variable cost /
Direct / or Indirect cost