{"id":6262,"date":"2020-10-26T19:30:19","date_gmt":"2020-10-26T08:30:19","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=6262"},"modified":"2020-10-26T19:32:13","modified_gmt":"2020-10-26T08:32:13","slug":"acc-1113-cost-accounting-group-assignment-answers-by-experts","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/acc-1113-cost-accounting-group-assignment-answers-by-experts\/","title":{"rendered":"ACC 1113 Cost Accounting Group Assignment Answers by Experts"},"content":{"rendered":"

ACC1113 Cost Accounting Case Study Assignment Question & Answers<\/strong><\/h2>\n
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Need ACC 1113 Cost Accounting Group Assignment Answers<\/strong><\/a>? We help you submit high scoring Assignments each time you are assigned one by Accounting Assignment Experts. Complete your ACC1113 Cost Accounting assignments<\/strong><\/a> with the guidance of expert tutors. Casestudyhelp.com offer\u00a0Accounting Case Study Assignment Writing<\/strong><\/a>\u00a0 by MBA Experts in Australia, UK and USA at low cost.<\/p>\n<\/blockquote>\n

\"Order-now\"<\/a><\/p>\n

Question 1<\/strong><\/span><\/p>\n

\"ACC<\/a><\/p>\n

Question 2<\/strong><\/span><\/p>\n

\"ACC<\/a><\/p>\n

Required:-<\/p>\n

a).\u00a0<\/strong> Using the following methods to calculate the value of the stock as of 31 March<\/p>\n

    \n
  1. FIFO method (10 marks)<\/strong><\/li>\n
  2. LIFO method (10 marks)<\/strong><\/li>\n
  3. Average cost (10 marks)<\/strong><\/li>\n<\/ol>\n

    b).<\/strong>\u00a0 Prepare a trading account, in the columnar format using each of the inventory valuation methods in part (a) for the year ended 31 March (10 marks)<\/strong><\/p>\n

    (Total=40marks)<\/strong><\/p>\n

    Question 3<\/strong><\/span><\/p>\n

    \"ACC<\/a><\/p>\n

    You are required to identify and calculate the total of:<\/p>\n

      \n
    1. Prime cost (3 marks)<\/strong><\/li>\n
    2. Product cost (2 marks)<\/strong><\/li>\n
    3. Period cost (2 marks)<\/strong><\/li>\n<\/ol>\n

      b).<\/strong>\u00a0 Briefly explain\u00a0 what\u00a0 cost accounting is. (3 marks)<\/strong><\/p>\n

      c).<\/strong>\u00a0 Describe the functions\u00a0\u00a0 for source\u00a0documents.\u00a0 (6 marks)<\/strong><\/p>\n

      d).<\/strong>\u00a0 In your opinion, which inventory pricing method will you recommend? Why? (9 marks)<\/strong><\/p>\n

      e).<\/strong>\u00a0 Define piecework system and time base States the advantages and examples for piecework system. (6 marks)<\/strong><\/p>\n

      f).<\/strong>\u00a0 Describe how LIFO and FIFO affect the cost of goods sold and the valuation of closing\u00a0stock. (4 marks)<\/strong><\/p>\n

      (Total=35 marks)<\/strong><\/p>\n

      Coursework <\/strong>Requirements:-<\/strong><\/p>\n

        \n
      • Include a cover page, solutions (from Excel), and\u00a0references<\/li>\n
      • Mark will be deducted for late submission, errors in calculation, wrong format, and no\u00a0workings<\/li>\n
      • Submission Date: 23 October 2020 (Friday) latest by m.<\/li>\n
      • Font & Spacing: Times New Roman (12), 5 Spacing<\/li>\n
      • Submission Format: Online via BB (draft and final)<\/li>\n<\/ul>\n