Assignment on Cost accounting

acct 301 – assignment 3
I need a good solution for my accounting assignment without matching with other students and ensuring to apply regultions in attached

 

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College of Administrative and Financial Sciences

 

 

 

Assignment 3

Deadline: 21/11/2020 @ 23:59

 

 

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

 

  • 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) No pictures containing text will be accepted and will be considered plagiarism).
  • Submissions without this cover page will NOT be accepted.

Q 1 Provide numerical example of assigning support department cost and discuss the purpose of assigning support department costs (Week 10: Chapter 8, Measuring and Assigning Support Department Costs).

                 (2 marks)

 

            Q 2 LMN Compagny produces three products K, L and M.  During the year, the joint costs

of processing the three products were $480,000.

Production and sales value information were as follows:

Sales Value

Product               Units         at Split-Off        Separable Costs       Selling Price

K                       500,000      $13 per unit          $6.00 per unit         $40 per unit

L                        300,000       $12   per unit        $4.00 per unit         $37 per unit

M                       200,000        $8 per unit          $3.00 per unit         $28 per unit

 

Allocate the joint costs using the physical output method.

(Week 11: Chapter 9, Joint product and by – Product costing)

(1.5 marks)

 

Q 3  Provide numerical examples of static and flexible budget and discuss how these budgets could be used to evaluate the performance of the managers (Week 12: Static and flexible budgets).

           (1.5 marks)

 

IS 215 Autumn 2020 1 | P a g e
Assignment #6
Chapter 3
Questions:
VIRAL PHARMA
At Viral Pharma, your boss says that he can estimate the total project time based on his personal
experience. You are trying to convince him that he should use project management techniques to
handle a complex project. To prove your point, you decide to use a simple example of a R&D process
with eight steps. You create a hypothetical work breakdown structure, as follows:
• Prepare the laboratory space (3 days), and then set up the laboratory station equipment
framework (3 days).
• Equip the laboratory stations (5 days), and then connect the utilities (e.g. power, network,
water) (3 days).
• When the utilities are connected, start two tasks at once: finish the laboratory interior work (5
days) and set up an appointment for the final FDA laboratory inspection (15 days).
• When the laboratory interior work is done, start two more tasks at once: stocking chemical
storeroom (7 days) and loading dock expansion (3 days).
• When the storeroom and loading dock are done, do the laboratory deep cleansing (2 days).
• Finally, when the deep cleansing is done and the final FDA laboratory inspection has occurred,
arrange the laboratory opening ceremony (2 days).
Now you ask your boss to review the tasks, estimate the total time, and write the answer on a piece of
paper. You look at the paper and see that his guess is wrong.
Questions: (you can use Microsoft Project or any other project management tools to answer the
following questions. DePaul provides access to Microsoft Project to students for free:
https://offices.depaul.edu/information-services/services/Software/Pages/Software-for-PersonalComputers.aspx)
1. What is the correct total time?
2. What is the critical path?
3. Create a Gantt chart that shows the WBS.
4. Create a PERT/CPM chart.

 

 

 

 

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