Cost accounting

Assignment 1 Cost accounting

Last Date for Submission 15 October 2017

You are required to work in this assignment individually.

Assignment	1	Marks	10
Course Title	Cost Accounting	Code	ACCT 301
Uploading	End week 3	Submission	End week 4
Date	Sat 07/10/2017	Dates	Sat 15/10/2017

Q1 What are the differences between the operating plans and actual operations?

Q2 How can you make higher-quality decisions?

Q3 Omar Corporation produces mobile phones.

Total variable costs of one mobile = $20.

The factory rent is $2,500/ month.

Compute the total costs per month and the average cost per mobile phone if they made only 10 mobiles per month. What if they made 100 mobile per month?

Q 4 What are the statistical tools that highlight the significance of the regression model in estimating cost behavior?

Q 5 Explain how uncertainties and Biases can affect the decision quality