Q1. How does risk impact decision-making? List the types of risk that impact business decision-making and provide suitable examples for each type of risk in the context of an organization.<\/p>\n
(3 Marks)<\/p>\n
Note: Your answer must include suitable examples for each type of risk. (week 2 [Essay writing service – your education, our expertise: Get any assignment done with our professional essay writers before your deadlines – Zero AI, Human experts and Fast delivery.], Chapter 1)<\/p>\n
Answer:<\/p>\n
Q2. Suppose that you are working in a company as a cost manager that is making a single product. Determine the following values of your own for this product: (3 Marks)<\/p>\n
Selling price per unit
\nVariable cost per unit
\nFixed cost
\nTarget profit for next year
\nAfter determining the values for the above, find out:<\/p>\n
Break-even point in units.
\nBreak-even point in sales value.
\nUnits needed to reach target pretax profit (as decided by you in your example).
\nSales value required to reach target pretax profit (as decided by you in your example).<\/p>\n
Note: You are required to assume values of your own and they should not be copied from any sources. (Week 4 (your nursing study bay), Chapter 3)<\/p>\n
Answer:<\/p>\n
Q3. Critically analyze the differences between the \u201cAccount Analysis Method\u201d and the \u201cTwo-Point Method\u201d of estimating a cost function. Provide suitable examples for each method by assuming the values of your own.(3 Marks)(Week 3, Chapter 2)<\/p>\n
Answer:<\/p>\n
Q4. Referring to the concept of job costing in the manufacturing sector, identify how you will record the following journal entries:(3 Marks)<\/p>\n
When raw materials are received.
\nWhen raw materials are sent to the factory floor.
\nWhen labor costs are incurred.
\nWhen a job is completed.
\nWhen a job is shipped to a customer.
\nNote: You must assume significant values for each transaction of your own and prepare the journal entries for each case. (Week 5, Chapter 5)<\/p>\n
Answer:<\/p>\n
Q5. Alpa Ltd. uses a process costing system for its sole processing department. There were 24,000 units in beginning WIP inventory for March and 216,000 units were started in March. The beginning WIP units were 60% complete and the 19,500 units in ending WIP were 40% complete. All materials are added at the start of processing.(3 Mark)<\/p>\n
Required:<\/p>\n
a) Compute the no. of units started & completed.<\/p>\n
b) Compute the EUP for DM and CC using FIFO and WA methods.(Week 5, Chapter 6)<\/p>\n","protected":false},"excerpt":{"rendered":"
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