Assignment Workshop Slides (1)

8/12/2019 Assignment Workshop Slides (1)

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Slides on Assignment Workshop

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Table of Content

Description Slide No.1. General Details 3

2. Contents of the Assignment 4-6

3. Presentation of Assignment 7-11

4. Useful Tips for the Assignment 12-16

5. Referencing 17-19

6. Missing the Deadline for the Assignment 20

7. Academic Integrity 21

8. Use of Discussion Forum for Q & A 22



Assignment- General Details

• Due Date: 26 May 2012 (Monday) at 2pm.

• 2 students in a Group

• Per Group

– Submit a soft copy in Turnitin – Submit a hard copy in the allocated box outside the

Business Division office at Block E Level 2

• Weightings: 30% of overall assessment

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Contents of the Assignment

• Assignment Cover Sheet

• Memorandum to Boss

• Report Cover

• Table of Content

• Executive Summary

• Introduction

• Current Conventional Costing System

• Proposed Activity Based Costing System

• The costs considerations of adopting Activity Based

Costing system

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Contents of the Assignment (cont’d)

• Address the issues raised by Mr. Ali Hamid in this paragraph found in

the case:“ I really cannot understand this. We have intentionally included a meager 20% mark-up on

production cost in the bid, as we see the potential of working with the Urbanites.

Most young Malaysians are working an average of twelve hours daily. They simply do not have the

time to cook. However, they are sick with eating hawker food every day. They would truly value a

simple home cooked meal. The Urbanites, with its unique homely relaxed setting, and menu offerings

of traditional Malaysian home cooked dishes, is all set to grow in a big way in all Malaysian towns.

Although the small mark-up seems hardly enough to cover our operating expenses, the order from

The Urbanites would give us the volume that we need in the long run, and greater economies of scale

This is the breakthrough into the kopitiam market that we have been waiting for.

KampungPap has won the bid. Their price is 10% lower than ours. Looking at our costing, I do not seehow KampungPap could have priced it that low. KampungPap must have gone nuts.

Furthermore, our plant is one of the most newest and efficient in the industry. Can someone please

tell me what is happening here?

Perhaps we should just go with the retail market and forget about the kopitiam market…..” 5



Contents of the Assignment (cont’d)

• Advise Mr Alex Gan on the ethical dilemma that he is

facing

• Recommendations

• Conclusions- summary of main issues.

• Appendices

• Reference List

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Presentation of the Assignment

• Must be in REPORT format (with proper paragraphs,

Headings and Sub-headings).

• Looks professional (fit for submission to an employer).

– Appropriate font size (Times Roman or Arial at least 11)

– Free from grammar and spelling errors.

– Proper margin and line spacing (Check specifications inlisted in MIB)

• All detail calculations and workings are to be put strictly in the

Appendix

•Do not exceed word count limit- Penalty will be imposed ifexceed limit.

• Satisfy Harvard referencing requirements.



All detail calculations in Part A must be in Appendix

Product CostCurrent System

Direct materials $2.40

Direct Labour $4.00

Manufacturing overhead $1.60

Total manufacturing cost per DVD $8.00

Example:

• Compute the per unit cost of DVD under the current system

Product Cost

ABC

System

Direct materials $2.40

Direct Labour $4.00

Manufacturing overhead $0.60

Total manufacturing cost per DVD $7.00

• Compute the per unit cost of DVD under the ABC system

What do we find in the Body of the Report?

Example:The current conventional system over-cost the DVD. Using Activity Based Costing , the cost of the

DVD is only $7, while it is $8 under the current system

In Appendix

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Presentation of Assignment (cont’d)



More Examples…:

• Compute the gross profit per unit cost of DVD under the current system

• Compute the gross profit per unit cost of DVD under the ABC system

In Appendix

Current System

Sale price per DVD $12.00

Less Manufacturing cost per DVD $8.00

Gross Profit per DVD $4.00

ABC System

Sale price per DVD $12.00

Less Manufacturing cost per DVD $7.00

Gross Profit per DVD $5.00

What do we find in the Body of the Report?

Example:

The DVD is more profitable than its appears under the current system. Under ABC, thegross profit is $5, but under the current system, it is $4. 9

Presentation of Assignment (Cont’d)

All detail calculations in Part A must be in Appendix



An overview of the proposed activity based costing system.

See Exhibit 5.3 page 172 of Text Book

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(Note: The overview diagram of the proposed ABC will be presented in the Body of the

Report-Under the Proposed ABC System Section.)

Presentation of Assignment (Cont’d)



RM100,000

100,000

RM1

Example: Proposed ABC System

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(Note: The example given

here is not based on the

facts of the case in the

Assignment. This example is

simply “made-up”, to give

you an idea of the

expectations of this

Assignment ).



• The focus of the assignment is on application of case facts

and the results of your computations.

– You need to focus your report on NyonyaPap and its

circumstances at all times.

– Do not make general comments (as found in textbooks and

other sources), but instead apply them to NyonyaPap.

– If and where you do not apply your report to the specifics

of NyonyaPap, you will receive zero marks.

(See examples provided in Slide 13-14)

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Useful Tips for The Assignment



Example:

• We found this statement from our textbook:

“A conventional costing system uses one or few cost allocation bases. The problem

with this system is that costs is broadly averaged”

• If we simply re-produce this statement and put it in our assignment as follows:

“NyonyaPap uses a conventional costing system. A conventional costing system uses

one or few cost allocation bases. The problem with this system is that costs is broadly

averaged”

You will get “ZERO marks” because you did not apply to the case.

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(Note: The example given here is not based on the facts of the case in the Assignment.

This example is simply“made-up”, to give you an idea of the expectations of this

Assignment ).

Useful Tips for The Assignment (Cont’d)



Example:

• We found this statement from our textbook:

“A conventional costing system uses one or few cost allocation bases. The problem

with this system is that costs is broadly averaged”

• If we apply this statement and put it in our assignment:

“NyonyaPap uses a conventional costing system (Hongren et al. (2009), page 100-101). The system uses machine hours to allocate manufacturing overhead costs.

Overhead is allocated based on $1.87 per machine hour. The problem with using

machine hours, a unit level costs driver, is that costs is broadly averaged (Accounting

On-line (2011))

In this case, marks will be awarded.

√

√

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(Note: The example given here is not based on the facts of the case in the Assignment.

This example is simply “made-up”, to give you an idea of the expectations of this

Assignment ).


This figure is extracted from our

calculations in the Appendix



Common errors- Deductions of marks will be made for …

• Assignment which is not in report format

• No headings & subheadings

• Did not use case facts

• Detail calculations are put in the body of report, as opposed to in the

Appendix

• No page numbers.

• Word count is not disclosed at the end of the report .

• Improper presentation of numbers:E.g. RM2015.50 or RM100000000

Numbers are to be presented as:RM 2,015.50 or RM2 015.50

RM1,000,000 or RM1 000 000

• Omit in-text referencing in the write-up of the report or Omit Reference List.15




Use the Assessment Feedback Rubric As A Guide to check on How Marks are Awarded or Deducted..

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NOTE: We need to use IN-TEXT REFERENCING (HARVARD) for all sections

of Part B

Example:

Discuss the weaknesses of the existing costing system

“A conventional costing system uses one or few cost allocation bases. The

problem with this is ……..” (Hongren et al. (2009), pages 100-101) or

(Accounting on line (2011))

• If we copied directly from a book (including the text book or internet,

our in-text reference will appear as:

• If we have paraphrase from a book (including the text book or internet, ourin-text reference will appear as:

The current costing system uses machine hours as the cost allocation base.

The problem with this is … (Hongren et al. (2009), page 100-101) or

(Accounting On-line (2011))17

REFERENCING



REFERENCING (Cont’d)

1. Charles T. Horngren, Walter T. Harrison, Jr. & Suzanne Oliver, (2009) Accounting, (8th

Edition), Upper Saddle River, N.J: Pearson/Prentice Hall.

Online Resources

1. Accounting Online. (2005). Debits and credits [Online]. October 2005. Available from:

http://www.accounting-online.org.uk/upload/pdf/Debits_Credits_(final).pdf.

[Accessed: 20th September 2011]

Example- In our report, the following in-text referencing are found:

The current costing system uses machine hours as the cost allocation base. The

problem with this is … (Hongren et al. (2009), page 100-101) or (Accounting On-line

(2011))

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NOTE: All references made in in-text referencing must be recorded in the ReferenceList

REFERENCE LIST- Example

Books



REFERENCING (Cont’d)

1. Charles T. Horngren, Walter T. Harrison, Jr. & Suzanne Oliver, (2009) Accounting, (8th

Edition), Upper Saddle River, N.J: Pearson/Prentice Hall.

2. Neville, C. (2007). The Complete Guide to Accounting Maidenhead: Open University Press.

Online Resources

1. Accounting Online. (2005). Debits and credits [Online]. October 2005. Available from:

http://www.accounting-online.org.uk/upload/pdf/Debits_Credits_(final).pdf. [Accessed: 20th

September 2011]

2. Batts, Shelly. (2007). Accounting in Action. [Online] April 24th 2007. Available from:

Accountingblogs.com http://accountingblogs.com/elementary/2007/04/income -statement_1.php . [Accessed: 2nd September 2011].

Example: In our report, the following in-text referencing are found:

The current costing system uses machine hours as the cost allocation base. The

problem with this is … (Hongren et al. (2009), page 100-101) or (Accounting On-line

(2011))

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NOTE: The Reference List should comprise of ALL resources that we have read orreferred to. It may also include resources which we have read, but have not made anyreferences to in our report.

REFERENCE LIST- Example



Missing Deadline for the Assignment

• Penalty will be imposed for late submission

– If within 24 hours after the published deadline,a mark of more than 50% for the assessed piece

of work will be reduced to 50%.

A mark of 50% or less will stand.

– If after the 24 hour window, assignments will not be

accepted. A mark of “ZERO” will be awarded

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Plagiarism –What is the Penalty if Caught?

The Groupwho allowed

his work to be

copied

The Group

that copied

Both group members will be awarded “ZERO” marks

The dishonest act will be recorded in the students’

record

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• Checks will be conducted for plagiarism



Use the Discussion Forum on TIMeS to post

any questions that you may have

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( Note: Check the Discussion Forum from time-to time for useful responses and

tips for the Assignment).



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Assignment Workshop Slides (1)

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