ALI_ACCT301_22

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Assignment Question(s):(Marks 15)

Q1. Discuss with suitable examples why activity-based costing (ABC) is better than the traditional costing system. Provide a suitable numerical example of ABC in the manufacturing sector and show all the necessary calculations required under the ABC system.

(3 Marks)

Note: Your answer must include suitable numerical examples showing all the calculations of the ABC system. You are required to assume values of numerical examples of your own and they should not be copied from any sources.(Chapter 7)

Answer:

Q2. “A non-routine decision is one that is taken in response to a non-repetitive, operational scenario.” Comment on this statement and explain with suitable examples the various types of non-routine operating decisions that a company makes under such a scenario. Support your answer with numerical examples along with qualitative considerations involved in making such decisions.(4 Marks)

Note: Your answer must include suitable numerical examples for various types of non-routine operating decisions. You are required to assume values of numerical examples of your own and they should not be copied from any sources.(Chapter 4)

Answer:

Q3. ADLG Company has two support departments, SS1 and SS2, and two operating departments, OD1 and OD2. The company has decided to use the direct method and allocate variable SS1 dept. costs based on the number of transactions and fixed SS1 dept. costs based on the number of employees. SS2 dept. variable costs will be allocated based on the number of service requests and fixed costs will be allocated based on the number of computers. The following values have been extracted for the allocation:(4 Marks)

Support Departments

Operating Departments

SS1

SS2

OD1

OD2

Total Department variable costs

16,000

19,000

105,000

68,000

Total department fixed costs

19,500

34,000

120,000

55,000

Number of transactions

50

55

250

140

Number of employees

18

24

47

38

Number of service requests

37

22

26

32

Number of computers

20

25

31

37

You are required to allocate variable and fixed costs.(Chapter 8)

Answer:

Q4. JKL Company processes a direct material and produces three products: P1, P2, and P3. The joint costs of the three products in 2018 were SAR 120,000. The total number of units for each product and the selling price per unit is given below: (4 Marks)

Product

Units

Selling Price per unit

P1

55,000

SAR 70

P2

34,500

SAR 58

P3

10,500

SAR 44

You are required to use the physical volume method and sales value at the split-off method to allocate the joint costs to each product.(Chapter 9)

Answer:

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