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
Direct abstracts $ 6.25
Direct activity 15.75
Variable aerial 5.50
Fixed accomplishment aerial 2.50
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.
Order a unique copy of this paper