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I have an assignement in cost accounting and I need help!

I have an assignement in cost accounting and I need help!

  • 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 answered 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.

Q1.Analyze some examples of relevant and irrelevant Cash Flows for one Saudi Company?

(1.5 Marks)

…………………………

Q 2 a – Discuss why managers estimate a cost function and use Cost volume Profit analysis? Give numerical example of cost function and Cost Volume Profit Analysis and analyze how it will be used by managers?

b- Suppose actual costs are higher than estimated cost. Analyze why you may have this difference between actual and estimated costs?

(1.5 Marks)

…………………………

Q 3 Altawfik Corporation is estimating the cost function for total cost of production of product A using the two points method.The data collected for the past year is as following:

Number of unitsTotal

Quarterproduced Costs

14,000$1,000

25,4001,280

37,0001,600

49,0002,000

Using the two points methods, choose two points with which you estimate the cost function.

(1 Mark)

Q 4 Give one example of Saudi companies using job costing and one example of Saudi companies using process costing and discuss the difference between them?

(1 Mark)