ACC 212 (COST ACCOUNTING 1) - ASSIGNMENT 2 AND 3 FOR PART TIME

ASSIGNMENT 2

(a) Cost Accounting is different from Financial Accounting. Discuss

 (b) Write short note on the following:

i. Cost     ii. Cost Unit    iii. Cost Centre

(c) Explain the element of cost.

 ASSIGNMENT 3

(a) Explain the following cost classification:

i. Classification as Direct or Indirect Cost       ii.  Classification according to function

iii. Classification according to behaviour        iv. Classification according to relevance

v. Classification according to product cost and period cost

(b) Differentiate between Cost Control and Cost Reduction.

(c)  Write short note on the following stock control records:

i. Bin Card     ii.  The Stock Tally Card    iii. The Stock Ledger Card

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Assignment 1:
https://britstutors.blogspot.com/2019/01/acc-212-cost-accounting-1-assignment-1.html

ONCE YOU CARRY YOUR OWN WATER, YOU WILL LEARN THE VALUE

OF EVERY DROP.   

TIME IS KEY! MAKE BEST USE OF YOUR TIME FOR THINGS THAT IS

NECESSARY!

Patriot Odunaro B.J

ACC 212 (COST ACCOUNTING 1) - ASSIGNMENT 1 FOR PART TIME

Ajimatanraeje Nigeria Limited  provides the following data relating to component B9.

Cost of raw material                                       N10 per unit

Usage per day                                                 100 units

Minimum re-order period                                20 days

Maximum re-order period                               30 days

Cost of ordering materials                              N500 per order

Carrying cost                                                   10% per annual

Assume that each year consists of 48 working weeks of 5 days per week.

Required: Calculate:

(a) The Re-Order Level       (b)  The Re-Order Quantity   (c)  The Maximum Level

(d)  The Minimum Level     (e) The Average Level       (f) The Quarter Level

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Train your brain click below link: 

https://britstutors.blogspot.com/2018/10/train-your-brain.html

Course Outline:
https://britstutors.blogspot.com/2018/11/acc-212-cost-accounting-1-course-outline.html

ONCE YOU CARRY YOUR OWN WATER, YOU WILL LEARN THE VALUE

OF EVERY DROP.   

TIME IS KEY! MAKE BEST USE OF YOUR TIME FOR THINGS THAT IS

NECESSARY!

Patriot Odunaro B.J