s) : ( Marks 1 5 ) Q1. Explain the role of accounting information in strategic management. How does accounting information assist in the formulation and implementation of organizational strategies? Support your answer by providing an example of one Saudi Company in this regard . (2 Marks) Note: Your answer must include a suitable example showing the role of accounting information in strategic management of an organization. (Chapter 1, Week 1) Answer: Q2. What do you mean by cost function and for what purpose does it serve for? What are the various methods used to estimate cost functions? Explain each method with suitable numerical examples. (3 Marks) (Chapter 2 , Week 2 ) Answer: Q3. TTL Corporation is in the manufacturer of several plastic products . TTL sell s its one of the plastic product for SAR 500 . The variable costs per unit are SAR 200 , and the total fixed costs are SAR 510 ,000. Based on cost-volume profit analysis, calculate: (4 Marks) a) Contribution margin per unit and contribution margin ratio. b) Break-even point in units and sales SAR . c) Preta x profit if the company sells 2 , 2 00 units . d) P rofit/loss if the company sells 1,500 units. e) Units needed to reach target pretax profit of SAR 180 ,000 . f) Sales SAR needed to reach the target pretax profit of SAR 18 0,000 . (Chapter 3 , Week 3 ) Answer: Q4 . Job costing is a method of cost accounting used by companies to find out the cost of specific jobs or projects. Comment on this statement and examine how actual allocation rate s and estimated allocation ra te s are analyzed by the companies? Support your answer with an example of one Saudi company that use job costing. (2 Mark s ) (Chapter 5 , week 4 ) Answer: Q5 . A company uses a process costing system for its sole proc essing department. There were 4 ,000 units in b eginning WIP inventory for June and 36 ,000 units were started in June . The beginning WIP un its were 60% complete and the 3,250 units in ending WIP were 4 0% complete. All materials are added at the start of processing. (4 Mark s ) (Chapter 6 Part 1 , Week 5 ) Required: a) Compute the no. of units started & completed. b) Compute the EUP for DM and CC using FIFO and WA methods. Answer: Share on Facebook Tweet Follow us This question has been answered. Get Answer
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