Accounting for Business

2) Task 2
Q1. Given the following information for Al-Maha Shop Company, answer the following questions:
Selling price (per unit) 500 R. O
Number of units sold 200
Variable cost (per unit) 300 R. O
Fixed cost 600,000 R. O
i. Calculate contribution margin ratio (10 marks)
ii. Find Breakeven Point in amount (10 marks)
iii. Find Breakeven Point in units (10 marks)
Q2. Discuss the importance of calculating Break-even point for any organization (20 marks)
Q3. Explain the difference between fixed cost and variable cost? Support your answer with examples? (20
marks)
Q4. Each student is required to engage in the following course and answer the following question:
https://alison.com/course/basic-accounting
Write a report of 300 words about the course describing the challenges you faced and the benefits
you got while engaging in the above-mentioned course (20 marks).
(90 Marks)
Rules & Regulations:
• All resources should be cited using CU Harvard style.
• The final assignment must have a Title page, Table of Contents, References/ bibliography using
CU Harvard Style and page numbers.
• Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of
the faculty.
• Total number of words should be 1200
• Softcopy in word format is to be submitted through Turnitin link on Moodle.
• Viva might be conducted after the assignment submission based on the instructor discretion
Guidelines:
• Assignment must be computer typed.
➢ Font – Times New Roman
➢ Font – Style – Regular
➢ Font – Size – 12
Accounting for Business (BUSS20001) – Fall – 20 – CW (Assignment 2) – All – QP
MEC_AMO_TEM_035_01 Page 3 of 10
➢ Heading should be with Font Size 14, Bold, Capital and Underline.
• Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable
software or by pencil.
• Each student has to do the assignment individually
• You can refer books in eLibrary or use internet resource. But you should not cut and paste material
from internet nor provide photocopied material from books. The assignment answers should be
in your own words after understanding the matter from the above resources.
Important Policies to be followed

1. Student Academic Integrity Policy*:
   MEC upholds the spirit of academic integrity in all forms of academic work and any form of violation
   of academic integrity shall invite severe penalty. Any benefit obtained by indulging in the act of
   violation of academic integrity shall be cancelled.
   All cases of violation of academic integrity on the part of the student shall fall under any of the below
   mentioned categories:
2. Plagiarism
3. Malpractice
4. Ghost Writing
5. Collusion
6. Other cases

Sample Solution