Category: Accounting

Assignment Question(s): (Marks 15)
Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer. (2 Marks) (Chapter 7, Week 7)
Answer:
Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 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 information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments Operating Departments
SD1 SD2 OD1 OD2
Total Department variable costs 18,000 19,000 51,000 35,000
Total department fixed costs 20,000 24,000 56,000 30,000
Number of transactions 30 40 200 100
Number of employees 14 18 35 30
Number of service requests 28 18 35 25
Number of computers 15 20 24 28
You are required to allocate variable and fixed costs using direct method.
Answer:
Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:
Q4. VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below: (3 Marks) (Chapter 9, Week 11)
Product Units Selling Price per unit
T1 45,000 SAR 15
T2 26,000 SAR 14
T3 18,000 SAR 10
You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.
Answer:

Case Study Running a Multi-Unit Independent Restaurant Group(Using Restaurant 365)
Please you should know how to use (Restaurant 365) before accepting.
I will give more details about how to log in after accepting.
https://unlvsp24student15.restaurant365.com/?state…
You need to follow the guide in the PDF to complete it on Restaurant 365
Requirements: follow the guide in the PDF to complete it on Restaurant 365

Case Study Running a Multi-Unit Independent Restaurant Group(Using Restaurant 365)
Please you should know how to use (Restaurant 365) before accepting.
I will give more details about how to log in after accepting.
https://unlvsp24student15.restaurant365.com/?state…
You need to follow the guide in the PDF to complete it on Restaurant 365

Case Study Running a Multi-Unit Independent Restaurant Group(Using Restaurant 365)
Please you should know how to use (Restaurant 365) before accepting.
https://unlvsp24student15.restaurant365.com/?state…
You need to follow the guide in the PDF to complete it on Restaurant 365

pleasa write all the answers in the file , avoid plagiarism , the work should be in your own woeds , writie references. ” and long answer 300 word or moer .

Deep Dive into Accounting and Corporate Social Responsibility (CSR)
We’ve already explored how accounting supports CSR initiatives, but let’s delve deeper into specific areas and challenges:
Challenges in Accounting for CSR:
• Standardization: Currently, there’s no universally accepted standard for measuring and reporting CSR activities. This makes comparisons between companies difficult. Organizations like the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) are working on creating more standardized frameworks.
• Intangible Costs and Benefits: Many CSR initiatives have intangible benefits, like improved employee morale or brand reputation, which are difficult to quantify in financial terms. Accounting professionals are developing methods to better capture and value these intangible aspects.
• Data Collection and Verification: Gathering reliable data on social and environmental impact can be complex. Accountants play a crucial role in ensuring data accuracy and implementing robust verification processes for CSR reports.

Assignment Question(s):
Q1. Suppose you are an auditor who has been tasked with looking into the internal controls at a company. Define an internal control system and list the main principles of internal controls. (5 Mark)
Q2. A company allows its customers to use bank credit cards to charge purchases. The company is charged 2.5% service charge credit card sales. (5 Mark)
A. On April 10, the company sold SAR 27,000 worth of merchandise to customers who used credit cards.
B. On April 18 Received cash proceeds less the service charge for the April 10
Prepare the company’s journal entry for each of the above transactions.
Q3 A company’s property records revealed the following information about its plant assets:
Machine No. Cost Salvage Value Purchase Date Depreciation Method and Estimate Life
1 SAR 24,000 SAR4 ,000 1/1/2023 Straight-line (4 years)
2 SAR 30,000 SAR1,500 1/1/2023 Double-declining-balance (5 years)
Calculate the depreciation expense for each machine for the year ended December 31, 2023, and for the year ended December 31, 2024. (Marks 5)
Machine 1:
2023:
2024:
Machine 2:
2023:
2024:

Assignment Question(s):(Marks 15)

Q1. What is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer.(2 Marks) (Chapter 7, Week 7)
Answer:

Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 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 information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments
Operating Departments

SD1
SD2
OD1
OD2

Total Department variable costs
18,000
19,000
51,000
35,000

Total department fixed costs
20,000
24,000
56,000
30,000

Number of transactions
30
40
200
100

Number of employees
14
18
35
30

Number of service requests
28
18
35
25

Number of computers
15
20
24
28

You are required to allocate variable and fixed costs using direct method.
Answer:

Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)

Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:

Q4.VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit

T1
45,000
SAR 15

T2
26,000
SAR 14

T3
18,000
SAR 10

You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.
Answer:

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 is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer. (2 Marks) (Chapter 7, Week 7)
Answer:

Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 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 information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments
Operating Departments
SD1
SD2
OD1
OD2
Total Department variable costs
18,000
19,000
51,000
35,000
Total department fixed costs
20,000
24,000
56,000
30,000
Number of transactions
30
40
200
100
Number of employees
14
18
35
30
Number of service requests
28
18
35
25
Number of computers
15
20
24
28
You are required to allocate variable and fixed costs using direct method.
Answer:

Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:

Q4. VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit
T1
45,000
SAR 15
T2
26,000
SAR 14
T3
18,000
SAR 10

You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.
Answer:

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 is the process of identifying activities in an organisation and assigning costs under the Activity Based Costing (ABC) system? Elucidate. You will need to include the right numerical examples to support your answer. (2 Marks) (Chapter 7, Week 7)
Answer:

Q2. PPLC Company has two support departments, SD1 and SD2, and two operating departments, OD1 and OD2. The company decided to use the direct method and allocate variable SD1 dept. costs based on the number of transactions and fixed SD1 dept. costs based on the number of employees. SD2 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 information is provided: (4 Marks) (Chapter 8, Week 10)
Support Departments
Operating Departments
SD1
SD2
OD1
OD2
Total Department variable costs
18,000
19,000
51,000
35,000
Total department fixed costs
20,000
24,000
56,000
30,000
Number of transactions
30
40
200
100
Number of employees
14
18
35
30
Number of service requests
28
18
35
25
Number of computers
15
20
24
28
You are required to allocate variable and fixed costs using direct method.
Answer:

Q3. What are an organization’s “outsourcing decisions” and “constrained resource decisions?” Provide a suitable numerical example of these decisions and explain how quantitative and qualitative considerations support a company’s decision-making process.
(2 Marks) (Chapter 4, Week 9)
Note: Your answer must include suitable numerical examples. You are required to assume values of your own, and they should not be copied from any sources.
Answer:

Q4. VBN plastic industry makes three plastic toys: T1, T2, and T3. The joint costs of the three products in 2017 were SAR 120,000. The total number of units for each product and the selling price per unit is given below:(3 Marks) (Chapter 9, Week 11)
Product
Units
Selling Price per unit
T1
45,000
SAR 15
T2
26,000
SAR 14
T3
18,000
SAR 10

You are required to allocate the joint costs to each product using the physical volume method and sales value at the split-off method.
Answer:
Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with the following details which will help you to prepare the budget:
(4 Marks) (Chapter 10, Week 12)
Budgeted selling price per unit = SAR 500 per unit
Total fixed costs = SAR 150,000
Variable costs = SAR 100 per unit
Required:
You are required to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.
Answer: