Attached. Please let me know if you have any questions or need revisions.College of Administrative and Financial SciencesAssignment 2Deadline: 31/10/2020 @ 23:59Course Name: Cost accountingStudent’s Name:Course Code: ACCT 301Student’s ID Number:Semester: 1CRN:Academic Year: 1441/1442 HFor Instructor’s Use onlyInstructor’s Name:Students’ Grade: MarksObtained/Out ofLevel of Marks: High/Middle/LowInstructions – PLEASEREAD THEM CAREFULLY● The Assignment must be submitted on Blackboard (WORD formatonly) via allocated folder.● Assignments submitted through email will not be accepted.● Studentsareadvisedtomaketheirworkclearandwellpresented, marks may be reduced for poor presentation. Thisincludes 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, copyingfrom students or other resources without proper referencingwill result in ZERO marks. No exceptions.● All answered must be typed using Times New Roman (size 12,double-spaced)font.Nopicturescontainingtextwillaccepted and will be considered plagiarism).● Submissions without this cover page will NOT be accepted.Page1 of 4beQ1Give example of company using ABC costing and explain the processused in this company to assign costs in an ABC system? (Week 7:Chapter 7, ABC costing)Answer:Evosys’ a hospital research center, is one of the companies that utilize ABC in their process.The first step that Evosy’s company use is identifying the costs directly that are linked to procedures.The second is rearranging the direct cost centers into the activity pools. Third, linking of theprocedures with the activity pools. Fourth, allocate the overheads based on the multiple drivers to thecosts pools. Fifth, allocating the indir…
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