accounting project and need support to help me learn.
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.
Requirements: 750
Assignment (2)
Deadline: Saturday 03/06/2023 @ 23:59
For Instructor’s Use only
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.
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: (3 Marks)
Keep or drop decisions
Constrained Resource Decisions (Two Products; One Scarce Resource)
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. (Chapter 8)
Answer:
Q3. OFL Ltd. manufactures plastic products and makes three products, P1, P2 and P3. In 2016, the joint costs of three products were SAR 135,000. Following are the details related to the number of units and selling price per unit: (4 Marks)
Allocate the joint costs to each product using: (Chapter 9)
Physical volume method
Sales value at the split-off method
Answer:
Q4. The following data are related to FDL Company for the year 2017: (4 Marks)
Budgeted selling price per unit = SAR 425 per unit
Total fixed costs = SAR 84,000
Variable costs = SAR 110 per unit
You are required to prepare a flexible budget for 400, 500, 600 and 700 units. (Chapter 10)
Answer:
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