the course name is coasting it's under accounting please can you solve it to me

Yes i need all the questions answers

Alright no problem thank you so much.

Question One a) Explain with an illustrative example the treatment of over and under absorption of overheads in cost accounting. b) Koko Ltd. is a manufacturing company having two production departments PI and P2 and two service departments si and S2. After allocation and apportionment of factory overheads, the total overheads of all departments are as under: P1 P2 SI S2 4,020,000 2,930,000 3,520,000 330.000 1 Overheads of service departments should be reapportioned as below: PI P2 SI S2 SI 40% 50% 10% S2 60% 40% A product 'QY' passes through both production departments: P1 and P2 and each unit of the product remain there in the process for 2 and 3 hours respectively. The material and labour cost of one unit of product "QY' is N5,000 and N3,500 respectively. Both production units run for all the 365 days of the year and 16 hours per day You are required to: i. Prepare an overhead analysis table showing the secondary distribution of overheads of service departments using an appropriate method ii. Determine the total cost of one unit of product QY'. iii. Provide the reason for re-apportionment of the overheads of service departments to production departments. iv. Justify the method you used for the re-apportionment in (i). Question Two Cost classification is the logical process of categorising the different costs involved in a business process according to their type, nature, frequency and other features to fulfill accounting objectives and facilitate economic analysis. a) Critically evaluate cost classification based on variability and controllability, supporting your explanation with reference to the specific costs in any business organisation of your choice. b) Extensively compare and contrast the variable cost and semi-variable cost diagrams (25 marks) Question Three a) XYZ Nigeria Limited, a small company engaged in the production of plastic tools, is considering the use of either day or piece rate for labour remuneration. i. Explain the salient considerations in utilising either rates and ii. Suggest the most suitable one for the company. Justify your opinion. b) A skilled worker is paid a guaranteed wage rate of N150.00 per hour. The standard time allowed for a job is 50 hours. He gets a bonus pay of N750 under Hasley premium scheme due to saving in time. For the same saving in time, calculate his bonus and effective hourly rate of wages he will get, if he is placed under Rowan Incentive Plan. (25 marks) Question Four a) What is cost plus contract? What are its advantages? 2 b) Premier Construction Company undertook a contract for N500,000 on 19 August, 2016. On 31" March, 2017 when the accounts were closed, the following information was available: Cost of work uncertified N120,000 Cash received N250,000 (80% of work certified) Profit transferred to costing Profit and Loss account N80,000 at the end of the year on Incomplete contract Calculate: i. The value of work in progress certificd ii. Degree of completion of contract iii. Notional Profit and iv. Cost of contract as on 31-03-2017 (15 marks) Question Five Piston Limited is a manufacturer of energy saving bulbs. To manufacture the finished product one unit of component 'LED' is required. Quarterly requirement of component LED' is 18,000 units, the cost being 300 per unit. Other relevant details for the year 2018 are: Cost of placing an order: N2,250 Carrying cost of inventory: 12% per annum Maximum Lead time: 20 days Minimum Lead time: 8 days Maximum Consumption: 400 units per day Minimum Consumption: 200 units per day You are required to explain and calculate: i. Re-order quantity ii. Re-ordering level iii. Minimum stock level iv. Maximum stock level (10 marks)