Managament Accounting Information Guidelines for Assignment #1 Assignment Bibliography Cloud Computing: A Perspective Study Brie…

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Student Name
James Rugira
Student Number
 
Unit Code/s & Name/s
FNSACC507 Provide Managament Accounting Information
Assessment Type
☒ Assignment    ☐  Project      ☐ Case Study     ☐ Portfolio   ☐ Third Party Report (Workplace)   ☐ Third Party Report (Peer)  ☐ Other
Assessment Name
Assignment – Job Costing
Assessment Task No.
AT2
Assessment Due Date
 
Date submitted
 
Assessor Feedback: See Connect.       ☒ Student provided with feedback (check box when completed)
Attempt 1
Satisfactory  ☐
Unsatisfactory  ☒
Date
17/10/21
Attempt 2
Satisfactory  ☐
Unsatisfactory  ☐
Date
     /      /
Assessor Name
Samantha Monahan
Assessor Signature

Note to assessor:  Please record below any reasonable adjustment that has occurred during this assessment e.g. written assessment given orally.
         

Assessment criteria / benchmarks   The evidence submitted demonstrates that the student satisfactorily:  
Attempt 1
Attempt 2
S
U
S
U
Job Card Summary
 
 
 
 
Correct calculation of Direct Material costs for each job




Correct calculation of Direct Labour costs for each job




Correct calculation of FOH applied for each job




Correct calculation of total costs on Job card summary




Journal entries
 
 
 
 
Correct journal for recording materials invoices and invoice for contractor against WIP.




Correct journal for FOH invoices, including prepaid insurance.




Correct journal for issing materials to production per MR 832




Correct journal for returning DM to store




Correct journal for recording monthly labour costs per time sheet summary (incl PAYGW, adj for AL taken etc)




Correct journal for charging DL to WIP and Indirect labour to FOH




Correct journal for taking up AL provision accrual against FOH




Correct journal for charging WIP with FOH applied




Correct journal for transferring finished jobs to FG




Correct journal for transferring sold jobs to COGS




Correct journal for recording sales invoices




Correct journal for writing off under applied FOH to COGS




Correct journal for transferring COGS and Sales to trading statement




General ledger accounts
 
 
 
 
GL for Materials control correct




GL for Labour control correct




GL for FOH control correct




GL for WIP correct




GL for FG correct




GL for COGS correct




Trading Statement
 
 
 
 
Prepared trading statement with correct figures and in correct format




NOTE: Students can be awarded part marks for showing working.  Minor transposition or similar errors should not be marked incorrect if student displays clear understanding of the process being assessed.  This needs to be noted on the assignment.

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