ACCT301 + ACCT101 | Two different files, I want 2 solutions for each one. = 4 files

Two different files, I want eight solutions for each one. – ACCT301 = 2 + ACCT101 = 2

SEU APA Style Guide

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Embed course material concepts, principles, and theories (which require supporting citations) in your initial response along with at least one scholarly, peer-reviewed journal article. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references. Use Saudi Electronic University academic writing standards and APA style guidelines.

Use Saudi Electronic University academic writing standards and APA style guidelines.You must use In-Text CitationAnswers must be in EnglishAvoid using lists when discussing complex topics like this. While lists can be helpful for organizing information, they can sometimes interrupt the flow of the discussion and make it seem less coherent. Instead, you can weave these details into the narrative, which will allow for a more engaging and comprehensive explanation. This can also help you connect ideas more smoothly and make your points stand out more effectively. Keep up the great work, and I’m excited to see how your discussions continue to evolve! Avoid this completely in APA style papers. Use it very sparingly.You should pay attention to the format and layout of the file, not just talking about it. 10 degrees. Format the file in APA style. Line spacing, margins, vertical footer, and all of that.It must be a comprehensive and comprehensive solutionYou should avoid plagiarism from any website or artificial intelligenceYou must provide the solution within two hours only from the time you accept the request and do not wait until the time specified on the siteProper referencing in APA format is mustText size 12-Times New Roman only.Avoid plagiarismsAvoid copying from any sourceAvoid using another teacher’s solution or a similar previous student’s solution because it is a university whose system can access even the solutions published on the study pool websiteYou must give 100/100 correct solutionAvoid using paraphrasing programs or websitesYou must provide a correct answer 100/100You must do the solution in the same attached fileYou must do the solution in the same attached fileProper referencing in APA format is mustexample (madgg,2015)

College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 12/10/2024 @ 23:59
Course Name: Cost Accounting
Student’s Name:
Course Code: ACCT 301
Student’s ID Number:
Semester: First
CRN:
Academic Year: 1446 H
(2024-25)
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
College of Administration and Finance Sciences
Assignment Questions:
Marks 15)
1. In August 2024, Ahmed Co. incurred total cost of SAR 29,000 and made 3,100
units. In November 2024, it produced 1,600 units with a total cost of SAR
20,000.
(Mark1 x 5)
Requirement:
a) Find Per Unit Variable Cost
b) Find Total Variable Cost in the Month of August
c) Find Total Variable Cost in the Month of November
d) Find Total Fixed Cost
e) Determined Cost Function
2. ABC Company Ltd. has provided the following information for the year ended
December 31, 2023.
(Mark 1 X 5)
SAR
Total Sales Revenue
2,880,000
Total Variable Cost
1,080,000
Total Fixed Cost
1,500,000
Units Produced and Sold
3,600
Determine the following from the above information:
a) Contribution Per Unit
b) Contribution Margin Ratio
c) Break Even Point in units
d) Break Even Point in Sales
e) Margin of Safety in Sales
3. Suppose budgeted overhead was $ 120,000 fixed overhead plus variable
overhead of $ 12/DL hour. Expected DL hours were 60,000, so that the estimated
overhead rate was $ 14/DL hour. Actual DL hours totaled 50,000 for the year and
actual overhead was $ 740,000. At the end of the year, Work in Progress, Finished
Goods & Cost of Goods Sold had the account balances shown below.
College of Administration and Finance Sciences
Work in Progress
SAR 150,000
Finished Goods
250,000
Cost of Goods Sold
1,600,000
2,000,000
Requirement:
(1+2+2 Marks)
a) Prepare Overhead Cost Control Account
b) Assuming Misallocated Overhead as material, determine the ratio of the three
accounts to close overhead cost control account
c) Prepare a Journal Entry to Close Overhead Cost Control Account
Answer -1
Answer – 2
Answer -3
College of Administration and Finance Sciences
Assignment (1)
Deadline: Saturday 12/10/2024 @ 23:59
Course Name: Principles of Accounting
Student’s Name:
Course Code: ACCT101
Student’s ID Number:
Semester: First Term 24/25
CRN:
Academic Year: 1446 H
For Instructor’s Use only
Instructor’s Name: Khaled Almuaqel
Students’ Grade:
/15
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
• The Assignment must be submitted on Blackboard (WORD format only) via allocated
folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.
1
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
Assignment Question(s):
(Marks 15)
Question 1:
(5 Marks)
Abdulaziz is the owner of a service company that provides consulting services and charges the clients
for them. He uses a journal to record his business transactions. Below are some of the transactions that
occurred in July 2024. For each transaction, apply the rules of double-entry accounting by preparing
the journal entry in SAR currency and explain the effect on the accounting equation.
1. On July 1, Abdulaziz invested SAR 50,000 cash in his business to start operations.
2. On July 6, the company bought office equipment worth SAR 15,000 on credit from a supplier.
3. On July 10, the company received SAR 5,000 cash in advance from customer for providing
consulting services next month.
4. On July 16, the company paid SAR 4,000 cash for utility bills for the month.
5. On July 21, the company made a cash payment of SAR. 15,000 on the equipment that purchased
on account on July 6th.
6. On July 28, the company performed services worth SAR 6,000 and the bill was sent to the
customer.
Question 2:
(5 Marks)
What is the accounting cycle? Explain every step starting from analyzing transactions to
preparing post-closing trial balance.
(Marks5)
Question 3:
(5 Marks)
ABC Consulting is a company that provides consulting services to clients in various industries. The
following are the balances taken from the trial balance:
ABC
Trial Balance
31/12/2023
Account
Debit
(SAR)
Credit
(SAR)
Cash
10,000
–
Accounts Receivable
15,000
–
Supplies
5,000
–
Equipment
50,000
–
Accumulated Depreciation Equipment
–
10,000
2
Restricted – ‫مقيد‬
College of Administration and Finance Sciences
Accounts Payable
–
8,000
Unearned Revenue
–
12,000
Common Stock
–
40,000
Dividends
5,000
–
Service Revenue
–
60,000
Salaries Expense
25,000
–
Rent Expense
10,000
–
Depreciation Expense
5,000
–
Supplies Expense
3,000
–
Interest Expense
2,000
–
Total
130,000
130,000
Required:
1.Prepare the income statement for the year ended 31 December 2023.
2.Prepare the statement of retained earnings for the year ended 31 December 2023.
3.Prepare the balance sheet as at 31 December 2023.
3
Restricted – ‫مقيد‬