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AQ057-3-2-CMAC INDIVIDUAL ASSIGNMENT Page 1 of 2 Specification of Assignment and Submission Guidelines: ? This assignment is an Individual Assignment and is worth 20% of your total assessment

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AQ057-3-2-CMAC INDIVIDUAL ASSIGNMENT Page 1 of 2 Specification of Assignment and Submission Guidelines: ? This assignment is an Individual Assignment and is worth 20% of your total assessment. ? Cover page of the assignment must include Name, Student ID, Subject Code, Lecturer’s Name and Date of Submission. ? The length of the written assignment should be between 1,200 and 1,500 words. ? The report must adhere to standard academic documentation standards: a. Harvard Name System of Referencing method ? ? b. Font Type : Times New Roman c. Font Size : 12 pts d. Line Spacing : 1.5 line spacing e. Alignment : Justify f. Margin : 1 inch You are required to include the following sections in your assignment: • Cover page • Content (Answers for each question) • References The report should be well structured and the use of proper paragraphs for topic separation is encouraged. ? The References (printed or electronic) that you will be expected to refer to when completing your assignments include reference books, academic journals, professional journals, newspapers, etc. Please ensure that you do not copy-paste from any source but write in your understanding and paraphrase with referencing. ? Media of submission: Submit to “MOODLE TURNITIN ASSIGNMENT”. Turnitin level should not be more than 20%. _____________________________________________________________________________________________ APU Level 2 Asia Pacific University of Technology and Innovation 202104 AQ056-3-2-CRPT INDIVIDUAL ASSIGNMENT Page 2 of 2 ANSWER ALL QUESTIONS QUESTION a) Costs may be classified in a number of ways including classification by behavior, by function, by expense type, by controllability and by relevance. Explain how the various type of cost classification used by the management in their decision making. (25 marks) b) A process costing system is used as cost accumulation procedure that required for inventory valuation and profit measurement in those production industries. REQUIRED: i) Discuss when process costing system are appropriate and give examples; ii) Explain the term “equivalent units” and how to calculate; and iii) Compare the two methods used in computing the value of work in progress. (25 marks) (TOTAL: 50 marks) END OF QUESTIONS APU Level 2 Asia Pacific University of Technology and Innovation 202102