College of administrative and financial sciences assignment

1. College of Administrative and Financial Sciences
Assignment 1
Deadline: 27/02/2021 @ 23:59 (End of week 6)
Course Name: Cost accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: 1
CRN:
Academic Year: 1441/1442 H
For Instructor’s Use only
Instructor’s Name:
Students’ Grade: Marks Obtained/Out of
Level of Marks: High/Middle/Low
Instructions – PLEASE
· 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

2. 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 Provide example of one Saudi Company and analyze two
examples of organizational strategies and operating plans for
this example. (1 Mark)
Q2 AbdulkrimCompany 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:
MonthUnitsTotal 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 4Provide one numerical example for allocation of overhead of
one job and analyze this example?

3. (1 Mark)
Q 5 Discuss the concept of Equivalent Units in process costing
and give numerical example? (1 Mark)
Page 2 of 3