BUSS 1602 Cost Accounting Assignment Problem

Reference no: EM132398380 , Length: word count:2000

Individual Assignment-Fall 2019
Module: Cost Accounting (BUSS 1602)
Level: 5
Middle East College

Outcomes Assessed:

1. Apply accounting techniques related to inventory, labour, and overheads.
2. Use different costing techniques such as marginal, absorption, job and batch costing

ASSIGNMENT TASK

You are required to select a manufacturing business based in Oman, collect the below mentioned information, analyse them wherever required and submit a report.

1. General description of the chosen company (History, nature of the business, etc.)

2. Identify the followoing centers of your chosen company:
a. Cost Center(s)
b. Revenue Center(s)
c. Profit Center(s)
d. Investment Center(s)

3. Identify the following costs of your chosen company:
a. Manufacturing overheads
b. Manufacturing Costs (Product Costs)
c. Non-manufacturing Costs (Period Costs)

4. Comment on the techniques used in the company related to:
a. Accounting for Inventory
b. Accounting for Labour
c. Accounting for Overheads
i. Overhead absorption methods
ii. Marginal costing and absorption costing

5. Costing System
a. Identify the costing system (job order costing or process costing or other type of consting system) being used by the chosen company
b. Summarise reasons for selection of the costing system.
c. Critically evaluate the method based on its merits and demerits.

6. Overall writing and formatting of the report, and referencing.

Attachment:- Cost Accounting.rar

Reference no: EM132398380

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