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College of Administrative and Financial Sciences!
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Assignment 1 !
Deadline: 29/02/2020 @ 23:59!
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Course Name: Cost accounting
Students Name:
Course Code: ACCT 301
Students ID Number:
Semester: 2
CRN:
Academic Year: 1440/1441 H
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For Instructors Use only!
Instructors Name:
Students Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low
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Instructions PLEASE !
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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 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).!
Page !1 of !5
Submissions without this cover page will NOT be accepted. !
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Page !2 of !5
Q1. Analyze some examples of relevant and irrelevant Cash Flows for one Saudi
Company? !
(1.5 Marks)!
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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)!
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Page !3 of !5
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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:!
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Number of units!
Total!
Quarter
produced !
Costs !
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1!
4,000!
$ 1,000!
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2!
5,400!
1,280!
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3!
7,000!
1,600!
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4!
9,000!
2,000!
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Using the two points methods, choose two points with which you estimate the
cost function. !
(1 Mark)!
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Page !4 of !5
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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)!
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Page !5 of !5
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