Q1. Explain how job costing is used in service sectors and manufacturing sectors? Provide examples by citing one job costing example of the service sector and one example of the manufacturing sector of a Saudi company to support your answers. Marks) Answer: (CH 5, 2 Q2. Axel Ltd. uses a process costing system for its sole processing department. There were 24,000 units in beginning WIP inventory for March and 216,000 units were started in March. The beginning WIP units were 75% complete and the 19,500 units in ending WIP were 60% complete. All materials are added at the start of processing. (CH 6, 3 Marks) Required: a) Compute the no. of units started & completed. b) Compute the EUP for DM and CC using FIFO and WA methods. c) Calculate total manufacturing cost/EUP under both methods, if the following details are available: FIFO WA Direct Material Cost SAR 700,000 SAR 910,000 Conversion Cost SAR 920,000 SAR 1,210,000 Answer: