Cost Accounting 301 home work

  1- Prepare the account entries for the following: (4 Points) a. When raw abstracts are received, Give an example  b. When raw abstracts are beatific to the branch floor, Give an example c. When a job is completed, what appear to the cost, Give an example d. Aerial costs ( salary) paid by cheque $ 5000  e. Utilities (Indirect expenses) paid in banknote $ 10000  f) Salaries accretion $5,000 are accrued; 35% of these costs are absolute labor, 40% are aberrant activity and 25% are aerial expense. Prepare the account entry. g) Aerial costs are allocated to assignment in action application an allocation amount of 150% of absolute activity costs and 300% of aerial expenses.  Prepare the account entry. (Give altered examples- examples should not be same)  2- Riyadh Electricity Company articles chandeliers . Following is advice for abutting year’s operations, based on an estimated aggregate of 20,000 units: 4 marks  Expected revenues $1,000,000 Unit costs: Direct abstracts $ 6.25 Direct activity 15.75 Variable aerial 5.50 Fixed accomplishment aerial  2.50 Total $30.00 Other anchored costs: Administration, marketing, etc. $225,000 Income tax amount 30% a. What is the breakeven point for abutting year? b. What is abutting year’s projected after-tax income? c. Suppose the managers set a ambition after-tax assets of $100,000. Estimate the cardinal of units that charge be sold. 3-Ahmed has approaching abutting year’s sales at 8,000 units. (2 marks ) Compute Ahmed's amount of operating leverage. If P = 1,000, V = 400, F = 850,000.

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