Financial And Cost Accounting Assignment
Assignment ID Number AFFGEHU83939HD Type of Document Essay Writing Format APA/MLA/Harvard Academic Level Masters/University References/Sources 4 References
Financial And Cost Accounting Assignment
Assignment 1 Cost accounting
Last Date for Submission 17th February 2018
You are required to work in this assignment individually.
Any suspicious activities or cheating will result zero grade in this assignment.
Assignment 1 Course Title Cost Accounting Code ACCT 301 Uploading End of week 3 Submission End week 4 Date Sat 10/02/2018 Dates Sat 17/02/2018
- Students must include your details(Name, Student ID, CRN, Date of submission)
- Answer the ALLquestions.
- Do NOT write the questions in the answer papers JUST write the question number .
- Assignments should be submitted in MS Wordformat
- Font should be Times New Romanwith 14 points.
- You are required to work in this assignment individually.
- You should submit the assignment via the Blackboard.
- Students who submit assignments after deadline, will get ZERO.
- If you engaged in plagiarism, you will get ZEROmarks in the assignment or course.
Q 1 Every organisation faces risks of unethical or illegal behaviour of its employees that should be avoided. Suggest the measures that control such behaviours of the employees in an organisation.
Q 2 Abdul Car Rental charges its customers SAR 26 per day plus SAR 0.20 per mile. Its competitor Ahmad rents cars for SAR 35 per day plus SAR 0.08 per mile.
How many miles you need to drive on a four day rental so that the cost of the two alternatives would be same?
Q 3 Saad Company is developing a cost function for its production costs using the high-low method (Two-Point Method: high and low point). The following data have been collected for the year 2017:
Number of units Total cost of
1 4,000 $ 690
2 5,900 883.8
3 7,800 1077.6
4 9,000 1,200
Calculate the following amounts:
- The variable cost per unit
- The fixed cost
- The estimated total cost for 11,000 units.
- The estimated total cost for 5,000 units.
Q 4 Following are the results from two different simple regression analyses estimating the costs of the marketing department using number of sales persons and number of units sold as cost drivers.
Variable Coefficient t-statistic p-value Intercept 500.75 4.05 0.03 Number of sales persons 20.50 6.10 0.004 Adjusted R-square = 0.80
Variable Coefficient t-statistic p-value Intercept 700.23 0.98 0.30 Number of units sold 120.33 3.66 0.05 Adjusted R-square = 0.49
- Which independent variable explains more of the variation in marketing department costs?
- Choose the most appropriate cost driver and write the cost function.
- What are the examples of uncertainties that could affect the accuracy of the cost function in estimating the cost for the next month.
Q 5 Assume that you are working as Cost Accountant for Saudi Ceramic Company and it is estimating the fixed and variable costs. The following costs were incurred during the month of December 2017 by Saudi Ceramic Company when 330 products were manufactured. The Saudi Ceramic Company has the following cost. Wages for Labor: SAR 10,640, Raw Material & Supplies: SAR 3,960, Depreciation on Plant and Equipment: SAR 1,073, Plant Manager Salary: 2,310 and Office Rent: SAR 1,403.
Determine a cost function of Saudi Ceramic Company by describing all the steps of determination of the cost function in detail.
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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