College of Administration and Finance SciencesAssignment (2)
Deadline: Saturday 03/06/2023 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 3rd
CRN:
Academic Year: 1444 H
For Instructor’s Use only
Instructor’s Name:
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)
Q1. What are non-routine operating decisions? Explain with suitable numerical examples how
companies decide to take the following decisions:
i.
Keep or drop decisions
ii.
Constrained Resource Decisions (Two Products; One Scarce Resource)
(3 Marks)
Note: Your answer must include numerical examples for these two decisions. You are required to
assume values of your own and they should not be copied from any sources.
(Chapter 4)
Answer:
Q2. a) What are the differences between single and dual rate allocation? Explain with suitable
examples.
(2 Marks)
b) Provide a numerical example for single rate allocation and dual rate allocation and explain
the process of allocating support department costs to the operating department, assuming that:
•
The company has two support departments “S1 & S2” and two operating departments “O1 &
O2.”
•
The company use the direct method to allocate support department costs.
(2 Marks)
Note: You are required to provide numerical examples assuming the values of your own and they
should not be copied from any sources.
Answer:
(Chapter 8)
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