Q2 ( A and B)
Group Assignment-CMA Semester 4 pg. 1
DEPARTMENT OF UNDERGRADUATE PROGRAMME
B.Sc. in Accounting, Auditing and Finance
GROUP ASSIGNMENT BRIEF
Weightage: 30%
Student Name &
ST Number
1.
2.
3.
4.
5
Semester
IV
Feb to May 2024-25 (Spring 2024-25)
Assignment Title Material costs and Overheads.
Module Cost and management Accounting
(UG027)
Assessor:
Ms. Shobhna , Dr.
Dulal & Ms.
Sujata V.
Start Date: 25th March 2025 Internal
Verifier
Dr. Lakmal
Due Date:
Formative : 15th April 2025
Summative – One week after feedback
Required Work, Format and Grading
Group Assignment-CMA Semester 4 pg. 2
You must submit the following by the assignment due date:
▪ Completed answers to each task, making sure that you fully address each of the outcome
criteria.
▪ Answer all questions separately.
▪ Assignments without TURNITIN report will not be accepted. The assignment must be submitted to
turnitin in word document.
▪ The submission is in the form of an numerical/written report. This should be written in a concise,
formal business style using single spacing and font size 12.
▪ The file must be saved in the format: student ID-CMA-Formative-A1, for formative submission and
student ID-CMA-Summative-A1, for summative assignment
▪ You are required to make use of headings, paragraphs and subsections as appropriate, and all work
must be supported with research and referenced using the Harvard referencing system.
Resources:
You need to demonstrate a confident application of the theories to the assignment task. The
theoretical underpinning of your observations and deliberations should also demonstrate a
good understanding of the subject by the way that your analysis is structured.
You can access the Internet to research about the topic. You should demonstrate good
academic practice by the appropriate use of academic texts and journals that are properly
referenced.
Guidelines and further information about assignment:
Assignment must be submitted with the “Turnitin” report. If the report generated indicates a
similarity index percentage of 20% of Turnitin & 25% of AI or more, a review of your
assignment is necessary to ensure the same is reduced to less than 20% for Turnitin and 25%
for AI.
Student declaration:
I certify that the work contained in this assignment was researched and prepared by
me:
Signature: ___________________________ Date: ___________________
Grades given are subjected to Internal Verification. No grades are Final
The user ID and Password for submitting the soft copy of the report through TURNITIN
is as follows: The following ID and Password is for Evening batch Students Only.
Class ID Enrolment Password:
Submission time and date
Group Assignment-CMA Semester 4 pg. 3
You should submit the assignment by the time and date mentioned otherwise a ‘No
Marks’ will be awarded. Fill in the form cover and submit with your assignment. Make
sure that all the relevant details are complete. Assignments must be submitted by the
due date. You may include diagrams, figures etc without word penalty.
Plagiarism Writing
Summary
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam
answer but fail to state where you got the material from. You need to be also
very careful about the number of words you are using from somebody else’s
work.
2. It can happen in any type of assessment where you are given the questions or
tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will
be punished when caught.
4. Punishments for committing plagiarism can be very severe.
Details
Plagiarism is a form of cheating in which students use the work of others and present it
as their own. It may include all or any one of the following –
1. Copy extensively from the work of others (from sources such as books,
magazines, journal, websites etc.) and submit the work as your own.
2. Copy another students’ work and submit it for assessment under your own
name.
3. Allow another student to copy your work and then submit it for assessment
under their own name.
What happens if you get caught?
The examining body of CBFS may punish offending students in any manner that they
deem fit. Typical punishments may range from reduction in marks, making students re-
sit modules and even failing students on a module or an entire award. The college
considers this form of cheating as a serious offence. Therefore, be forewarned!
______________________________________________________________________
Group Assignment-CMA Semester 4 pg. 4
The following Learning outcomes have been covered in the Assignment:
LO 2. Be able to understand the cost and explain the concept of Cost classification,
cost Behavior and Overheads.
LO 6- Develop analytical, Group working calculation and report writing skills.
Scenario- 1
Fahad Furnishing Ltd.is a furniture manufacturing company founded by Mr. Salim three
years ago. Mr. salim has completed his degree abroad in engineering. The company
manufactures different types of office furniture. The demand for the products has
increased in the last year because of high quality furniture using teak wood. The
company imports teak wood from neighboring countries.
New staff have been hired in production and administration due to an increase in
demand.
As company demand is increasing Mr. Salim has approached a leading bank to provide
additional finance for the expansion of the company. The bank is willing to fund finance
provided Company hire a full-time management accountant as inventory control system
is not very systematic in the company due to Mr. Salims Engineering background. He
focusses more on the technical aspect of the business and as a result ignoring the
accounting part.
Mr. Khalid has been hired as a management accountant of fahad Furnishing.
Immediately after joining he realized that the company’s main component is material
and Inventory control system is lacking in the past and there is no record of Inventory
documentation to identify quantities of inventory. Mr. Salim explained that they do
inventory control only once a year when an auditor comes, and he has no idea of
inventory control.
You have contacted a person who is responsible for purchasing and issuing material to
production.
The following details are available for the month of February:
Date Receipt/ Issue (Units) Price per unit (OMR)
2nd February Receipt Choose between (80 to 90) 20
9th February Receipt 120 24
11th February Issue 120 –
16th February Receipt 85 27
18th February Issue 100 –
Group Assignment-CMA Semester 4 pg. 5
21st February Receipt 40 29
23rd February Issue 50 –
Question 1
Required:
a) Use the above data and calculate Value of stock using FIFO and AVCO methods
of inventory valuation and evaluate the closing stock value using both the
methods. 4 Marks
b) What do you understand by inventory documentation. explain different types of
documents (internal & external) required to control inventory 3 Marks
c) Use the following link, read the research article carefully:
Evaluate inventory control and the different topics covered about inventory control in
the article. 3 Marks
exams-study-resources/f2/technical-articles/stock-control.html.
Total -10 Marks)
Scenario: 2
A company has two production departments (A and B) and three service departments
(C, D, and E). The overheads allocated and apportioned to these departments are as
follows:
Department Overheads (OMR)
Production A 80000
Production B 100000
Service C 10000
Service D 20000
Service E 4000
The usage of service departments by production departments is as follows:
• Use of C’s services: 40% by A, 60% by B
• Use of D’s services: 75% by A, 25% by B
• Use of E’s services: 30% by A, 70% by B
Group Assignment-CMA Semester 4 pg. 6
Question 2
Required:
a) Reapportion the service department costs to the production departments using
the direct method and show the total cost of production department A and B.
2 Marks
b) If service department C provides services to D and vice versa explain how you
would handle this using the reciprocal method. (show necessary calculation and
get the total cost of production department A and B)
The usage is as below:
Use of C services: 5% to D
Use of D services: 10% to C 4 Marks
(C) Identify recent Research article on overhead cost and evaluate the different type of
costs mentioned in the article. 4 Marks
Students should identify the article and answer.
NOTE- Attach the link of identified Article in turnitin while submitting the assignment.
(Total- 10 Marks)
Section C – Presentation
You are required to prepare a power point presentation consisting of 8-10 slides based
on your report.
The presentation must be submitted as a separate document of the report. Each
member of the group should prepare for all the questions of the assignment for
presentation.
Delivery 2.5 Marks
Method 2.5 Marks
Structure 2.5 Marks
Content 2.5 Marks
Total 10 Marks
NOTE—Presentation will be conducted in week 13 or 14. Date and time will be
announced later. All the group members should prepare all the topics of assignment
for presentation.
Group Assignment-CMA Semester 4 pg. 7
Important Instructions:
Submission Format:
1. The submission is in the form of a group written report in word format. This
should be written in a concise, formal business style using Times Roman / Arial
font of 12 size, 1 ½ spacing.
2. You are required to make use of headings, paragraphs and subsections as
appropriate, and all work must be supported with research and references using
the Harvard referencing system. Provide working notes wherever required.
3. Downloading information and pasting JPG images in assignment is prohibited.
4. Plagiarism is an academic offence. Avoid plagiarism.
5. Assignment should be submitted by Group leader in Turnitin using file name
For Formative: Group Leader ST Number – CMA – Formative
For Summative: Group Leader ST Number – CMA – Summative
Contents of the assignment:
➢ Title Page
➢ Introduction-
➢ Question 1 and 2
➢ Conclusion
➢ References
➢ Maximum 2000 words (+ / – 10% margin )
END OF ASSIGNMENT
Group Assignment-CMA Semester 4 pg. 8
UG Studies Program
Standard Valued Rubrics for Assignment (Level 6)
Marks/Grades
Criterion
90-100
A Scale 4.0
85-89
A- Scale 3.7
74-84
B Scale 3.0
56-73
C Scale 2.0
50-55
D Scale 1.3
0-49
F Scale 0.0
Knowledge
40%
Shows well-
coordinated
understandin
g of subject
Sound
understandi
ng of
subject
matter
Major facts
are
understood
Shows
understand
ing of basic
issues/theo
ry
Minimal
understandi
ng of basic
issues/topic
No
understanding
of the
topic/subject
area
Analysis 30% Touches upon
all relevant
issues/theory.
Concise
analysis
Detailed
coverage of
basic
concepts/th
eory.
Reasonable
coverage of
subtle
issues/theor
y
Reasoned
argument
and
sequencing
Shows
evidence of
understand
ing of
concepts.
Coverage
of obvious
ideas.
Fails to
identify
subtle
issues/theor
y. Captures
obvious
ideas.
No or minimal
understanding
of the key
theories/topic
Research 10% Excellent
referencing
and reading in
all areas
Use of up-
to-date
resources.
Well
informed
and
generally
accurate
information
provided.
Appropriat
e
referencing
Adequate
referencing
and
reading.
Weak
reading and
referencing
Poor
referencing.
Shows lack of
reading/refere
nces out of
date
Relevance 10% All material
used is of
relevance
Material
used is
relevant
Discussion
shows
relationshi
p to theory
Some
material
repetitive
Some
repetitive
matter.
Irrelevant
No relevance
to subject
matter
Conclusion 10% Excellent
conclusion.
Brings
together all
concepts and
adds an
Intelligent
conclusion.
Good
application
of
knowledge
Methods
incorporat
e
modificatio
ns used
Conclusion
in place
but key
points
missing.
Reasonable
Weak
conclusion
and
content.
Satisfactory
application
Poor
conclusion.
Poor
knowledge
application.
Group Assignment-CMA Semester 4 pg. 9
original
perspective
application
of
knowledge
of
ideas/theor
y
College of Banking and Financial Studies
UG Studies Program
Standard Valued Rubrics for Presentation
Marks/Grades
Criterion
90-100
A
85-89
A-
74-84
B
56-73
C
55-55
D
0-49
F
Delivery
25%
Shows
well-
coordinate
d delivery
with
confidenc
e
Sound
coordinated
delivery
with
confidence
Some
evidence
of
coordinate
d delivery
with
confidenc
e
Basic
coordinate
d delivery
with
average
confidenc
e
Minimal
coordinated
delivery
with
limited
confidence
No
evidence of
coordinate
d delivery
with low
confidence
Methods
25%
Creative
quality of
PPT slides
Sound
quality of
PPT slides
Some
evidence
of quality
of PPT
slides
Shows
basic
quality of
PPT slides
Minimal
evidence of
quality of
PPT slides
No
evidence of
quality of
PPT slides
Structure
25%
Shows
well-
coordinate
d logical
structure
& flow
Sound
logical
structure &
flow
Evidence
of logical
structure
& flow
Shows
basic
logical
structure
& flow
Minimal
logical
structure &
flow
No
evidence of
logical
structure &
flow
Content
25%
Shows
well-
coordinate
d evidence
of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Sound
evidence of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Some
evidence
of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Shows
basic
coherent,
insightful
&
explicitly
relevant
answer to
the
question
Minimal
evidence of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
No
evidence of
coherent,
insightful
&
explicitly
relevant
answer to
the
question
