Gadir_ACCT202

Principles of Cost and Managerial Accounting, ACCT 202Assignment assessment
CH 2 , CH 3
General information
TOTAL POINTS EXPECTED
10 POINTS OF YOUR TOTAL GRADE
Students in a group will receive the same grade unless there are some students
haven’t work on the case – teaching faculty has the right to examine students to
confirm their contribution in the solution.
GROUP SIZE
4 students in each group
Students have to join a group and cannot change their group.
DUE DATE
Feb 20 , 2024 – the assignment is assigned to be solved in one week.
LATE SUBMISSION IS NOT ACCEPTABLE
Assignment
requirements
each group must choose a simple product then apply the cost classification and
CVP analysis on it.
SUBMISSION
On Bb
SOFT COPY using Word.
Font type: Arial – Font size: 12
1INSTRUCTIONS
PLAGIARISM
All cheating ways (i.e. Sharing your solution with other groups, etc.) are not
acceptable and will result in zero grade for all the group members – teaching
faculty has the right to examine students to confirm their understanding of the
solution.
Assessment for the group assignment (10 points)
Advanced
Cost
Classification
Novice
Unsatisfactory
Calculate and classify
All-costs with no major
errors
Calculate all costs with
multiple errors
Calculations are
attempted but are
basically
incomplete/inaccurate
(4 points)
(3 points)
(2 points)
(1 point)
Calculate and classify
All-costs related to the
product .
No error
4 points
Proficient
Advanced
Proficient
Novice
Unsatisfactory
Shows a well-developed
understanding of CVP analysis
and use the necessary
calculation
Shows a good understanding
of CVP analysis
use some of calculation
Shows little understanding of
CVP analysis
use limited calculation
Shows very little
understanding of CVP analysis
Not use calculation at all
4 points
(4 points)
(3points)
(2 points)
(1 point)
Sustainability
Advanced
Proficient
Novice
Unsatisfactory
Shows a well-developed
understanding of how to
apply
Sustainability on the chosen
product
(2 Points)
Shows a good understanding
of how to apply Sustainability
on the chosen product
Shows little understanding of
how to apply Sustainability on
the chosen product
(1.5 Points)
(1Points)
Shows no understanding of
how to
apply Sustainability on the
chosen product
(.5 Points)
CVP analysis
2 points
ACCT 202 – Group assignment
Requirements:
1. Cost classification
▪ choose a specific product, calculate the production cost by adding up the costs of raw
materials, labor, manufacturing overhead, and any other expenses involved in
production, (use real market costs).
▪ apply sustainability to the product with an environmentally friendly design and measure
its costs.
2. CVP Analysis, apply CVP analysis to your product. determine the breakeven point, contribution
margin per unit, and overall profitability. (determine a suitable selling price for the product).
ACCT 202 – Group assignment