23 Feb What information is relevant for decision-making? Differentiate between relevant and irrelevant information for decision-making. Support your answer by explaining the information in the cont
accounting question and need an explanation and answer to help me learn.
Requirements: full answer
Assignment (1)
Deadline: Saturday 14/01/2022 @ 23:59
For Instructors Use only
Instructions PLEASE READ THEM CAREFULLY
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.
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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 information is relevant for decision-making? Differentiate between relevant and irrelevant information for decision-making. Support your answer by explaining the information in the context of an organization.
(3 Marks)
Note: Your answer must include suitable examples of relevant and irrelevant information for decision-making. (Week 2, Chapter 1)
Answer:
Q2. A&D Ltd. is in the manufacturing of wooden products and makes several wooden items. The following values are related to a particular wooden item:
You are required to calculate: (4 Marks)
BEP in units and BEP in sales SAR
Degree of operating leverage
Margin of safety in units
Margin of safety in SAR (Week 4, Chapter 3)
Answer:
Q3. The information below was derived from the 2018 records of HCS Company: (4 Marks)
Using the high-low method of analysis, calculate
Variable cost
Fixed cost, and
Determine a cost function. (Week 3, Chapter 2)
Answer:
Q4. The following transactions are related to a particular job. You are required to make the necessary journal entries. (4 Marks)
The materials storeroom receives a shipment of direct and indirect materials that cost SAR 50,000.
Materials are sent to the stamping and assembly areas. The cost of the direct materials is SAR 5,600 and the cost of the indirect materials is SAR 3,200.
Wages totaling SAR 7,000 are accrued; 60% of these costs are direct labor and 40% are indirect labor.
Overhead costs are allocated to work in process using an allocation rate of 250% of direct labor costs.
Job no. 25, with a total cost of SAR 8,500 is completed.
Job no. 25 is shipped to the customer, who is billed for SAR 15,000.
(Week 5, Chapter 5)
Answer:
