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Please answer all the questions clearly and accurately with high charting the tables on the subject I want the answer to be written on the

Please answer all the questions clearly and accurately with high charting the tables on the subject
I want the answer to be written on the computer and not handwritten, please
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PART A Answer all the Questions: Define Cost Accounting? Explain its Objectives and Classifications in detail? 2. Explain the difference between Financial Accounting and Cost Accouning. 3. Define the term cost driver and explain the role of this item in the computation of an overhead application rate. 4. The following information has been obtained from the records of AJ Corporation Ltd for the period from January 1 to June 30, 2013. Prepare a Cost Sheet. PARTICULARS 1.1.2013 5 30.6.2013 10.000 5.000 25.000 7.500 6,000 22.500 Cost of Raw Materials Cost of Work in Progress Cost of Stocks of finished Goods Transactions during six months are : Purchase of Raw Materials Wages Paid Factory-Overheads Administration Overheads Selling and Distribution Overhead Sales 225.000 110,000 40.500 25.000 10,000 1,000,000 Prepare a Cost Sheet s Protest Industries produces only one product. The following revenues and cost have been estimated for the forthcoming month: Selling price, $ 217 per unit (SP) Variable cost, S 178 per unit (VC) Fixed Cost, $ 79,000 The managers of the firm wish to know the following: 1. Calculate contribution margin per unit 2. Calculate contribution margin ratio. 3. BEP in units 4. Calculate BEP in sales. 6. AJ Inc. provides the following data for June 2009 when 12,000 Units are manufactured: Standard Material Cost (Per Unit) 5.20 kg @ $ 9.25/kg Actual Material Cost (Per Unit) 5.85 kg @ $ 12.8/kg Standard Labor cost (Per Unit) 4.5 hrs @ $ 13/hr Actual Labor cost (Per Unit) 4.30 hrs @ $ 14.2 /hr Calculate: a. Direct Material Price Variance b. Direct Material Quantity/Usage Variance c. Total Material Cost Variance d. Direct Labor Rate Variance e. Direct Labor Efficiency Variance f. Total Labor Cost Variance

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