CONTINUOUS ASSESSMENT

AA025
GROUP ASSIGNMENT

GUIDELINES:
(1) Weighting : 30%
(2) Group : 5 to 6 persons
(3) Handwriting / Typing
(4) Report Format :

Contents Remarks
1. Cover page
 Subject Accounting 2
 Name of business
 Type of Product (Food / Clothing / Furniture / Handicraft)
 Quantity of production
 Group members and matric number
 Tutorial group
 Name of lecturer

2. Type of Product
 Refer to the web page / YouTube regarding the process of producing 1 page
the product.

3. Cost Items
Item Cost Definition Reference Number of
(other than lecturer notes) items
Direct Material 1
Direct Labour 1
Manufacturing Overhead:
(i) Indirect material >1
(ii) Indirect labour 1
(iii) Other overhead ≥3
Period Cost ≥3

4. Item Cost Classification

Item Direct Indirect Product Prime Conversion Period
Cost Cost Cost Cost Cost Cost Cost
5. Cost and Expense (for ONE MONTH only)
Item Cost Total Units / Cost per Total
Hour / Day Unit RM
(RM)
1.
2.
3.
.......
Beginning Inventory Direct MateriaI 0
Ending Inventory Direct MateriaI
Beginning Work In Process 0
Ending Work In Process
Beginning Finished Goods 0
Ending Finished Goods
Direct Material Return
Direct Material Discount
Freight In of Direct Material
Duty Import of Direct Material
6. Prepare Statement of Cost of Goods Manufactured

7. Calculate cost product per unit

8. Calculate selling price per unit

9. Calculate total sales

10. Determine sales discount and sales return & allowance

11. Prepare Statement of Profit or Loss / Comprehensive Income Statement

12. Cost and Expense (based on the information on the number five (5))
Item Cost Cost Cost per Unit Fixed Cost
Behaviour (b) (a)
(RM) (RM)
1.
2.
3.
…….
…….

Total

13. Show an equation for current total cost. (Y=a+bx)

14. Calculate break-even point in unit and RM.

15. Calculate new break-even point in unit and RM if the selling price per unit increase by 10%.

16. Answer the question:

“Explain three (3) action should be taken to reduce production cost”.
 IMPLEMENTATION SCHEDULE

Week
& Activities
Date
1-2 Briefing on project implementation.
(3/1-14/1)
3 Group discussion.
(17/1-21/1)  Type of product. (2)
 Cost Items. (3)
4-6 Lecturer evaluation on group discussion.
(24/1-11/2)  Cost Items. (3)
7 Group discussion.
(14/2-18/2)  Item Cost Classification. (4)
 Cost and Expense. (5)
8&9 Lecturer evaluation on group discussion.
(21/2-4/3)  Cost and Expense. (5)
10 Group discussion
(14/3-18/3)  Statement of Cost of Goods Manufactured. (6)
 Cost product per unit (7)
 Selling price per unit (8)
 Total sales (9)
 Sales discount and sales return & allowance (10)
11 Lecturer evaluation on group discussion.
(21/3-25/3)  Statement of Cost of Goods Manufactured. (6)
 Cost product per unit (7)
 Sales per unit (8)
 Total sales (9)
 Sales discount and sales return & allowance (10)
12 Complete assignment.
(28/3-1/4)  Statement of Profit or Loss/Comprehensive Income Statement. (11)
 Cost and Expense (12)
 An equation for total cost. (13)
 Break-even point in unit and RM. (14)
 New break-even point in unit. (15)
 Answer question no. (16)
 Submission of final draft, by 4.15pm. (Friday)
 RUBRIC

Attribute 0-9 10-14 15-19 20

Demonstrated Knowledge  Response shows a lack
(20) of understanding for the
assignment.
 No grasp of information.
 No clear knowledge of
subject matter.
 Response shows some  Shows substantial  Shows complete
understanding of the understanding of the understanding of the
assignment. exercise. assignment.
 Uncomfortable with  At ease with subject  Demonstrates full
content. content. knowledge of the subject
 Only basic concepts  Able to elaborate and with explanations and
are demostrated and explain to some degree. elaboration.
interpreted.

Attribute 1 2
Requirement  Does not meet  Meets requirements of
(2) requirement of the assignment.
assignment.

Attribute 1 2
Report Format  Work is illegible, format  Format is consistent
(2) changes throughout. throughout, including
 Fail to provide intended heading styles and
information. captions.
 Figures and tables are
presented logically and
provide intended
information.
 Attribute 1 2 3
Identifies & Explains Issues  Fails to identify,  Identifies main issues  Clearly identifies and
(3) summarize, or explain but does not summarize summarizes main issues
the main problem or or explain them clearly and successfully
question. or sufficiently. explains why/how they
 Represents the issues are problems or
inaccurately or questions and identifies
inappropriately. embedded or implicit
issues, addressing their
relationship to each
other.

Attribute 1 2 3
Commitment  Rarely displays focus  Occasionally displays  Displays complete focus
(3) and concentration on focus and concentration and concentration on
tasks, will overcome on tasks, will overcome tasks, successfully
problems to solve with problems to solve with overcomes problems to
assistance. limited assistance. solve.
 Very limited  Has understanding of  Has good understanding
understanding of group group interaction, of group interaction, able
interaction, usually usually does not lead, to lead, as well as follow
unable to lead, as well but can follow instruction.
as follow instruction. instruction.  Often asks questions,
 Does not participate in  Rarely participates, participates in pair/group
group discussions. struggles with discussions.
pair/group discussions.
Checked by: Verified by:

…………………………………………….. ………………………………
(MOHD KHAIRI BIN ABDUL RAHMAN) (SUZANA BT. MAD HEZIR)