ALI_ACCT301
Description
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Assignment Question(s): (Marks 15)
Q1. Strategic management and decision-making are fundamental elements in the effective operation of an organization. Discuss this statement considering the process of strategic management and decision-making. Provide an example of one Saudi Company to support your answer. (3 Marks)
Note: Your answer must include a suitable example showing the process of strategic management and decision-making. (Chapter 1)
Answer:
Q2. The following details were extracted from the records of KCL Company for the year 2020:
(4 Marks)
Month Units Produced Total Cost (SAR)
March 40,000 405,000
April 42,000 408,000
May 45,000 410,000
June 47,000 414,000
July 51,000 503,000
August 54,000 524,000
September 32,000 370,000
October 38,000 375,000
Required:
a) Using the high-low analysis method, find out variable and fixed costs and determine a cost function.
b) Take the data for July and August and using the two-point method, find out variable and fixed costs and determine a cost function.
(Chapter 2)
Answer:
Q3. A&T Company makes a product that sells for SAR 300 per unit. The other details related to this product are as follows: (4 Marks)
Variable costs = SAR 60 per unit
Fixed costs = SAR 144,000
You are required to calculate:
a) Contribution margin per unit and contribution margin ratio.
b) Break-even point in units and sales SAR.
c) Pretax profit if the company sells 1200 units.
d) Units needed to reach target pretax profit of SAR 120,000.
e) Sales SAR needed to reach the target pretax profit of SAR 120,000.
f) The margin of safety in units for budgeted next years sales at 1,800 units.
g) The margin of safety in SAR for budgeted next years sales at 1,800 units.
(Chapter 3)
Answer:
Q4. a) How is job costing used in the service sector and manufacturing sector? (1 Marks)
b) Referring to the concept of job costing in the manufacturing sector, what are the journal entries a manufacturing company must record to show the flow of costs? Explain and analyze your answer by providing examples of one Saudi company that uses job costing. (3 Marks)
Note: Your answer must include a suitable example showing all the necessary journal entries.
(Chapter 5) Answer:
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