ASSIGNMENT 3 ON BFN 122/BAM 124/GNS 125 FOR FULL TIME

(a) List twenty commercial banks in Nigeria in chronological order.
(b) List banks in Nigeria that recently changed their official name to another name.

                                                                BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
https://britstutors.blogspot.com/search?q=brain

ASSIGNMENT 3 ON ACC 415-MANAGEMENT ACCOUNTING 1 FOR PART TIME

Foyegbe Nigeria Limited Operates a standard absorption costing system to control the manufacturing cost of single product. The following standards have been set.

                                                         N/Unit

Direct Materials 2kg @ N6/kg          12

Direct Labour 1 hour @ N7/hr           7

Variable overhead 1 hour@ N9/hr     9

Total production cost                         28

The fixed overhead standard cost per unit is based on a budgeted monthly production of 4,000 units actual results for most recent month were:

Production                               4,300 units

Direct material cost                N56,000 for 9,000kg

Direct labour cost                   N32,800 for 4,600hrs

Variable overhead                  N35,000

Only 4,000 hrs were worked

No material inventory held

Required: Calculate all relevant variances.

                                                                BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
https://britstutors.blogspot.com/search?q=brain

ASSIGNMENT ON ACC 222-COST ACCOUNTING 2 FOR PART TIME

A product passes through two processes (P, Q) to completion. The following information

were obtained from the company`s record.

                                                            Process P                    ProcessQ

                                                                N                                  N

     Material                                          100,000                       140,000

     Labour                                              80,000                         70,000

     Overhead                                       150,000                       100,000

     The input of material in Process P is 10,000kg while the outputs of the two processes are

     6,000kg and 4,000kg respectively. The scrap value of normal loss is N2 per unit. Normal

     loss is 10% of input.

Prepared: Prepare

(i)                 Process P and Process Q Account

(ii)               Abnormal Loss/ Abnormal Gain Account

BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
https://britstutors.blogspot.com/search?q=brain

ASSIGNMENT ON BFN 122/BAM 124/GNS 125- PRINCIPLES OF ECONOMICS 2

Given that the cash reserve of the commercial banks is 10%, if Mr. Owonikoko Jamiu deposit N250,000 with G.T. Bank and GT Bank gave Mr. Alashela Kojumote a loan of  N225, 000 which he later deposited in his Zenith Bank.The zenith Bank gave Mrs.

Banuso Ojutonsoro a loan of N202,500 which she deposited into her First Bank  and First Bank later gave a bank draft of N182,250 as a loan to Mr. Aiyegbajeje Emiloju which he deposited into EcoBank.

The process continue, as a student of Management and Business Studies complete the table below, show workings and determine: The amount of money which commercial banks have created in form of:

i.                    Deposit

ii.                  Liquidity Ratio

iii.                Loan

b. What are the limitations on commercial Banks’s power in creating credits or

money?             

                                                                BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
 If you want to increase your brain visit:
https://britstutors.blogspot.com/search?q=brain 

ASSIGNMENT ON ACC 415-MANAGEMENT ACCOUNTING 1 FOR PART TIME

ASSIGNMENT 2

Ajikaowo Engineering Limited manufactures gas cookers to be used both industrially and domestically.

The following mixed cost and machine hour were incurred in 2018.

Month	Supervision Costs (N)	Machine Hours
January 2018	98,000	39,000
February 2018	80,000	33,000
March 2018	100,000	41,000
April 2018	122,000	48,000
May 2018	108,000	46,000
June 2018	81,000	31,000
July 2018	90,000	37,000
August 2018	88,000	35,000
September 2018	90,000	42,000
October 2018	91,000	42,000
November 2018	121,000	51,000
December 2018	110,000	47,000

Required:

(a) Using both the “High and Low Points” and “the Least Square Regression Analysis Technique”, determine the variable cost per hour and total fixed cost included in the supervision cost.

(b) Based on your calculation in (a) above, estimate the supervision cost for January 2019 assuming the company expects that 38,000 machine hours will be involved for that month.

ASSIGNMENT 3

(a) The major cost estimation or analysis techniques are the following:

i. Account Analysis

ii. Scatter Graph

iii. High and Low Points or Range Method

iv. Least Square Regression Analysis

You are required to explain your understanding of (iii) and (iv) including their strengthens and weakness.

(b) State three similarities and difference between High and Low Points and Least
Square Regression Analysis

Note:

Give it to your class Governor(s) and to be submitted on or before 12noon on Saturday 25th May, 2019.

TODAY`S LECTURES ON LEAST SQUARE REGRESSION ANALYSIS METHOD

                                                         IT IS WELL!

                                                  Patriot Odunaro B.J (08038454008)

Acquiring a photographic memory, visit:
https://britstutors.blogspot.com/search?q=brain