Log In

As Explain Below Cost Account 2 Assignments

I’m working on a management discussion question and need support to help me learn.

Q1 What are support departments, and why are their costs allocated to other departments?What process is used to allocate support department costs?

(1.5 Marks, week 10 materials)

Q2 How are joint costs allocated? Explain and analyze using numerical example.

(1.5 Marks, week 11 materials)

.

Q 3 How are budget variances calculated and used as performance measures? Provide numerical example?

(2 Marks, week 12 materials)


Q1 Provide example of one Saudi Company and analyze two examples of organizational strategies and operating plans for this example. (1 Mark)

Q2 Abdulkrim Company manufactures a product A. The company estimates the cost function for the total costs. The cost driver is number of units. The following informations were collected:

Month Units Total Costs

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

Compute a cost function using the high-low method.

(1 Mark)

Q3 Hashim 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)

Q 4 Provide one numerical example for allocation of overhead of one job and analyze this example?

(1 Mark)

Q 5 Discuss the concept of Equivalent Units in process costing and give numerical example? (1 Mark)