Task
Your assignment consists of different question styles including discussion questions, reports, exercises, problem questions and spreadsheet questions. It assesses learning outcomes as listed in the assignment rationale below.
The purpose of this assignment is to continue to develop skills in costing systems with an emphasis on the role of control in managing the production of goods and services efficiently in the workplace. Each question builds on the knowledge gained through the first assignment to develop the concepts of management accounting control through costing. Each question uses realistic data and professional practices similar to that found in workplaces.
QUESTION 1 Job costing (20 marks)
A. Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Follow the template provided.
Play the Job cost podcasts and work through the example problem in those podcasts. Create a spreadsheet solution showing the row and column headings and the formula view. Your report section should be completely formula driven. Scan or use your phone to copy and paste an image of your handwritten attempt into your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose.
Design your spreadsheet to meet the assignment requirements set out above. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.See your text page 122 and 123.

B. Management accounting and history. Taking the Great Pyramid of Giza as an example, describe how modern cost management accounting could be applied to a current attempt to recreate this structure. Be creative in your discussion (about 200 - 300 words).
QUESTION 2 Process costing (15 marks)
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Consider using a smart phone scanning app. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements set out above. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
See your text for examples.
Review the four process costing videos provided in Interact Resources. Note that in the situation below there are two production departments.

QUESTION 3 Joint costing - decision making (15 marks)
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements set out above. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
See your text for examples. In particular see P6-11 page 182.

Joint cost allocation: additional processing beyond split-off point
In a certain production process 100 000 kg of a single raw material were processed at a cost of $250 000. At split-off two intermediate products, A and B emerged, weighed as 60 000 kg of A and 40 000 kg of B. A was processed further at a cost of $45 000 to produce C, and B was processed further at a cost of $25 000 to produce D. C sold for $4.50 per kg.
Required:
(a) If A was allocated $187 500 of the joint production costs under the net realisable value method, what was the selling price of D?
(b) Suppose the firm receives an offer to buy all of product A for $2 per kg at the split-off point. Would the firm be better off selling A or processing further to produce C? By how much?

Question 4 Variance analysis (20 marks)
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements set out above. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
The problem is adapted from P7-13 in your text page 202.

A. Answer the requirements using both a manual and spreadsheet solution. In your spreadsheet, include the IF function to determine Favourable and Unfavourable variances.
B. Prepare a Business Report as if for senior management critically evaluating the purpose of variance analysis and other areas in an organisation where variance analysis would be useful and the practical relevance of detailed overhead variance analysis. See the reading by Murray Wells. Search the CSU library for the ACC512 readings. Suggested word limit about 500 words. Ensure that your answer is in business report format. Read the following online reference regarding business report writing http://unilearning.uow.edu.au/report/4b.html or find other guidance online re business report writing.

QUESTION 5 Budgeting (20 marks)
Create a handwritten/manual solution AND a spreadsheet solution to the following problem. Scan or use your phone to capture an image and paste a copy of your manual solution in your assignment submission. Also paste a spreadsheet solution showing the row and column headings and the formula view. Your report should be completely formula driven.
Design your spreadsheet to meet the assignment requirements set out above. In particular, check the spreadsheet requirements and the Spreadsheet Advice PDF.
A. Financial model to forecast Income Statements for 5 years (see your text page 267) (15 marks)
From the following information prepare a financial model that would produce budgeted income statements and statements of retained earnings for the 5 years 20X2 to 20X6 for Unique Traders Ltd. All necessary calculations should be performed by the computer.
Unique trades in one product only. In 20X1 sales were 30 000 units and volume is expected to increase by 8% each year (compound) to a maximum of 40 000 units per year.
Unit selling price in the years 20X2, 20X3, 20X4 is expected to equal the unit cost of purchases made in the year, marked up by 30% whilst in 20X5 and 20X6 the mark-up is expected to be 35% on purchase cost.
Unit purchase costs for the 5 years are estimated at 20X2 $5.10, 20X3 $5.36, 20X4 $5.68, 20X5 $6.02, 20X6 $6.50.
Closing inventory is to be 15% of estimated sales units for the following year. Closing inventory for 20X1, however, was only 3600 units valued at $17 640. Assume a FIFO cost flow.
General and administrative expenses are expected to equal 14% of sales revenue in each year.
The tax rate is expected to be 40%.
Provide for dividends equal to 65% of after tax profit.
Retained earnings at the end of 20X1 amounted to $3500.
B. How can budgeting be viewed as a political process? (5 marks)
Find a cartoon/comic strip image on the Internet to illustrate your discussion. Explain the relevance of this image to your answer.
Rationale
This assignment assesses your achievement of learning outcomes including:
• the application of cognitive skills in the design and operation of costing systems;
• the design and operation of performance management systems;
• the role of management accounting in organisational contexts:
• the implications for management accounting of different paradigms;
• the application of analytical and synthetical skills in report writing;
• quantitative techniques and computer software;
• using the Internet as a professional source;
• the history of management accounting
• the creation and implementation of computerised decision models; and
• to critique how managers make decisions.
In particular, this assignment is designed to assess your application of knowledge, understanding and skills in certain topics including cost flows in management accounting, spreadsheet construction, job and process costing, variance analysis, joint costing and budgeting.
For spreadsheet problems, good answers will comply with the spreadsheet requirements including the separation of data entry and report/solution areas, pasted normal and formula view with row and column headings and the use of the IF function where appropriate.
Review the examples in the Spreadsheet Advice PDF provided online in Interact2 Resources.
Marking criteria

For spreadsheet questions formula views showing row and column headings are important.

Your assignments will be marked as a whole with recognition being given to application of knowledge, quality thinking and application of skills. For some questions, students have a chance to demonstrate some creativity, or provide their own examples or give evidence of wider reading or structure a computer spreadsheet model in an innovative manner. We also need to avoid the snowballing effects of cumulative errors - that is, an error early in a practical question which carries through. Thus a marking system is used with deductions for errors and omissions. Full marks are possible for well structured, complete, quality answers.

Any assignments with evidence of plagiarism may be referred to the university's academic misconduct processes and will receive a grade of zero. See www.csu.edu.au/faculty/business/studentresources/plagiarism

The marking criteria for your assignments will be based on the content of the subject as identified by the learning objectives as outlined above and at the beginning of each of the various topics as outlined at the beginning of each Interact2 topic. Good spreadsheet answers will comply with the assignment requirements.
Example criteria used in marking essays/discussion questions/case studies/business reports
Note that business reports are normally more structured than essays. Find guidance on business report writing structures on the Internet. Here is one example: www.business.unsw.edu.au/Students-Site/Documents/Writingareport.pdf
Criteria
Relevance of the answer - are the important issues raised in the question identified? Did the student answer the questions?
Critical capacity. Has reference material been carefully analysed or critically accepted?
Structure of the answer. Is the answer well-structured and the argument logically developed?
Writing style. Is the style concise and lucid or confused, making it difficult for the reader to get the point?
Scope of reading. Does the answer indicate a satisfactory coverage of literature relevant to the questions?
Answers should:
be well planned with arguments flowing logically;
use correct sentence structure, punctuation and spelling;
present original ideas where appropriate;
and present a justified conclusion and acknowledge all sources.
Note:
Normal distribution curves for grades are not utilised in this subject. Penalties will apply for late submission at 10% of the total mark available per day; it is important that submitted assignments are complete; omitted answers will result in mark deductions; refer to the University regulations contained in the CSU online handbook for matters pertaining to special consideration, misadventure and extenuating circumstances, academic misconduct, code of conduct for users of electronic facilities, assessment regulation, grading scale, progression and academic performance, grade point average, examination regulations and other matters pertaining to assessment. The regulations can be found at the University's web site: http://www.csu.edu.au
You can discuss your work with each other prior to submission using the discussion forum. However, please do not post complete versions of answers to the forum. Do not leave assignments until the last minute.

Marking Criteria Assignment 2
Criteria High Distinction Distinction Credit Pass
Criteria for expected learning outcomes to be achieved include critical evaluation of cost and control systems, understanding and applying cost concepts in management accounting, creating computer models to solve costing and decision situations such as job costing, process costing, joint costing variance analysis, authentic scenarios for cash budgeting and business report writing. Be the result of your original work, complete without any omissions and correct.
Evaluate all the issues raised in questions.
Provide examples where appropriate
Accurate answers complying with all spreadsheet requirements relevant to each scenario. Be the result of your original work, be mostly complete without any omissions, and be mostly correct
Evaluate most of the issues raised in questions
Provide some examples where appropriate
Comply with the majority of spreadsheet requirements relevant to each scenario. Be the result of your original work, be mostly complete with few omissions, and be partially correct.
Evaluation of some of the issues raised in questions.
Provide examples where appropriate.
Comply with some of the spreadsheet requirements relevant to each scenario. Be the result of your original work, be mostly complete with some omissions, and be partially correct.
Discuss some of the issues raised in questions
Provides some examples where appropriate
Comply with some spreadsheet requirements relevant to each scenario.
The discussion answers and business reports meet academic standards of syntax, vocabulary, spelling and punctuation and reflects an awareness of audience needs. Accurate use of syntax, spelling and punctuation; correctly refers to a variety of sources to support arguments, including the prescribed texts and a range of additional readings; reference list of the range of resources used, correctly formatted using APA style. Accurate use of syntax, spelling and punctuation; succinct and effective use of vocabulary; correctly refers to a range of sources to support arguments, including the prescribed text and a variety of further readings;
reference lists a range of relevant resources used, correctly formatted using APA style. Accurate use of syntax, vocabulary,
spelling and punctuation; correctly refers to more than the minimum requirement of sources to support arguments, including
prescribed texts and recommended readings;
reference list formatted in APA style, with few or no errors. Mostly accurate syntax, spelling and punctuation; correctly refers to minimum number of sources to support arguments, including prescribed texts; reference list used, formatted in APA style, with few errors.

Presentation
• Please read this in conjunction with the assignment requirements below.
• Single spacing and small margins are welcome to save paper.
• For any business report style questions a report structure is expected.
• Provide references throughout your assignment including page references to texts, articles, CSU resources and URL’s of websites.
• CSU uses the APA referencing style. See eportfolio.csu.edu.au/pebblepad/viewasset.aspx or refer to the CSU library
• Post enquiries to the Interact Discussions to clarify any assignment format issues.
• Acknowledge ALL sources used.
• At the end of your assignment include a complete Bibliography (Reference List) of resources actually used including the Internet, textbook, Study Topics, Software help files and videos supporting this subject.

Requirements
Assignment Requirements (also check the presentation expectations above).
1. On the first page of your assignment list all questions attempted and include an academic integrity statement that the work submitted is your own and that all sources used have been acknowledged.
2. Your Turnitin submission will consist of two files - a Word file and an Excel file.
3. Paste the spreadsheet solution and a formula view of each spreadsheet in the word file showing row and column headings for both. Paste the normal view first then the formula view. Your word file will provide a complete answer to every question. Use portrait orientation wherever possible. All data will be in the data entry area. The report area will contain no data - just formulas. Check the spreadsheet requirements carefully. You only need to submit a spreadsheet file for those problems specifying such. You can, if you wish submit spreadsheet solutions to other assignment questions but these do not need to comply with the spreadsheet requirements. Name the two files with your family name only as the file name. Record your name, student ID number and page number as a footer on every page of your assignments. Where you are asked to make changes in a spreadsheet, please highlight the changes.
4. Assignment solutions must be presented in the same sequence as set out in the Study Schedule.
5. See referencing requirements above in the Presentation section.
6. Your text and Interact2 resources may provide spreadsheet relevant templates.
7. For good spreadsheet design it is very important that you have completely separate data entry and solution/report areas. A good spreadsheet solution format is to key in the question in a structure which allows the solution to be completely formula driven. Thus NO data/numbers are entered into the solution/report area.
8. Create the spreadsheets as separate spreadsheets in one workbook. Name the tags at the bottom of the computer screen with the question number. See the examples provided with the Spreadsheet Advice PDF in Interact2 Resources.
9. Where appropriate, use the IF function to provide built-in checks etc. Variances? Net income or net loss?
10. How do you display potential negative numbers in brackets? Google the question! Hint. Format / Cells / Number and select Custom. Enter this: #,##0;(#,##0);0
11. Save each spreadsheet in your workbook with the cursor in cell A1 of the first spreadsheet.
12. Examples of spreadsheets are provided in the Spreadsheet Advice document in Interact2. You MUST read and follow these examples. If you choose to create spreadsheet solutions for other assignment problems, these solutions do not need to comply with the spreadsheet requirements.
13. Please check for viruses. Do not use macros in your files.
14. Keep a copy of all your work. Make copies of your work in progress in case your computer has an accident. Backup frequently.
15. It is imperative that you retain a copy of your assignments including your spreadsheets. Complete feedback will be provided to you with your grade and comments by the assessor.
You can discuss your work with other students prior to submission using the discussion forum. However, please do not post complete versions of answers to the forum. Do not leave assignments until the last minute.
The first page of your assignment should consist of the following parts:
• subject code and name;
• your name and student ID number;
• assignment task number;
• list of questions attempted and a list of questions not attempted;
• dates and details of any extension granted; usually include a copy of the approval email;
• an academic integrity statement that the work submitted is your own;
• an acknowledgement of all your sources, and
• a footer with your name, student ID and page number.
In today’s business environment we need verbal skills, writing skills, numeracy skills AND digital literacy skills. All of these skills are assessed throughout your study. It is suggested that you attempt the assignment questions week by week.
Solutions to questions should vary in length according to the nature of the question. Solutions to exercises and problem questions should be in a similar form to that demonstrated in the text.
Check the Assignment Requirements above AND the Spreadsheet Advice PDF. Also check the interactive videos.
You should normally submit the assignment only once. Multiple copies received by the University can result in unnecessary delays.

Presentation
• Please read this in conjunction with the assignment requirements below.
• Single spacing and small margins are welcome to save paper.
• For any business report style questions a report structure is expected.
• Provide references throughout your assignment including page references to texts, articles, CSU resources and URL’s of websites.
• CSU uses the APA referencing style. See eportfolio.csu.edu.au/pebblepad/viewasset.aspx or refer to the CSU library
• Post enquiries to the Interact Discussions to clarify any assignment format issues.
• Acknowledge ALL sources used.
• At the end of your assignment include a complete Bibliography (Reference List) of resources actually used including the Internet, textbook, Study Topics, Software help files and videos supporting this subject.