Q1.

Q1. How does risk impact decisionmaking? List the types of risk that impact business decision making and provide suitable examples for each type of risk in the context of an organization. [3 Marks) Nate: Your answer mast beehJa'e suitable maples far each {vale afrisk. Q2. Suppose that you are working in a company as a cost manager that is making a single product. Determine the following values of your own for this product: (3 Marks) . Selling price per unit Variable cost per unit Fixed cost Target profit for next year After determining the values for the above, find out: a) Break-even point in units. b) Break-even point in sales value. c) Units needed to reach target pretax profit (as decided by you in your example). d) Sales value required to reach target pretax profit (as decided by you in your example). Note: You are required to assume values of your own and they should not be copied from any sources.Q3. Critically analyze the differences between the \"Account Analysis Method\" and the \"Two- Point Method\" of estimating a cost function. Provide suitable examples for each method by assuming the values of your own. Q4. Referring to the concept of job costing in the manufacturing sector, identify how you will record the following journal entries: _(3 Marks) a) When raw materials are received. b) When raw materials are sent to the factory floor. c) When labor costs are incurred. d) When a job is completed. e) When a job is shipped to a customer. Note: You must assume significant values for each transaction of your own and prepare the journal entries for each case.Q5. gum Ltd. uses a process costing system for its sole processing department. There were 14,000 units in beginning \"IF inventory for March and 216,000 units were started in March. The beginning \"IF units were 60% complete and the 19.500 units in ending 1i0:111 were 40% complete. All materials are added at the start of processing. [3 Mark) Required: a) 'Compute the no. of units started 45'; completed. h] Compute the EFF for DH and CC using FIFO and \"A methods