| Student Name | James Rugira | Student Number | |||||||
| Unit Code/s & Name/s | FNSACC507 Provide Managament Accounting Information | ||||||||
| Assessment Type | ☒ Assignment ☐ Project ☐ Case Study ☐ Portfolio ☐ Third Party Report (Workplace) ☐ Third Party Report (Peer) ☐ Other | ||||||||
| Assessment Name | Assignment – Job Costing | Assessment Task No. | AT2 | ||||||
| Assessment Due Date | Date submitted | ||||||||
| Assessor Feedback: See Connect. ☒ Student provided with feedback (check box when completed) | |||||||||
| Attempt 1 | Satisfactory ☐ | Unsatisfactory ☒ | Date | 17/10/21 | |||||
| Attempt 2 | Satisfactory ☐ | Unsatisfactory ☐ | Date | / / | |||||
| Assessor Name | Samantha Monahan | Assessor Signature | |||||||
| Note to assessor: Please record below any reasonable adjustment that has occurred during this assessment e.g. written assessment given orally. | |||||||||
| Assessment criteria / benchmarks The evidence submitted demonstrates that the student satisfactorily: | Attempt 1 | Attempt 2 | ||
| S | U | S | U | |
| Job Card Summary | ||||
| Correct calculation of Direct Material costs for each job | ☒ | ☐ | ☐ | ☐ |
| Correct calculation of Direct Labour costs for each job | ☐ | ☒ | ☐ | ☐ |
| Correct calculation of FOH applied for each job | ☐ | ☒ | ☐ | ☐ |
| Correct calculation of total costs on Job card summary | ☐ | ☒ | ☐ | ☐ |
| Journal entries | ||||
| Correct journal for recording materials invoices and invoice for contractor against WIP. | ☐ | ☒ | ☐ | ☐ |
| Correct journal for FOH invoices, including prepaid insurance. | ☐ | ☒ | ☐ | ☐ |
| Correct journal for issing materials to production per MR 832 | ☒ | ☐ | ☐ | ☐ |
| Correct journal for returning DM to store | ☒ | ☐ | ☐ | ☐ |
| Correct journal for recording monthly labour costs per time sheet summary (incl PAYGW, adj for AL taken etc) | ☐ | ☒ | ☐ | ☐ |
| Correct journal for charging DL to WIP and Indirect labour to FOH | ☐ | ☒ | ☐ | ☐ |
| Correct journal for taking up AL provision accrual against FOH | ☐ | ☒ | ☐ | ☐ |
| Correct journal for charging WIP with FOH applied | ☒ | ☐ | ☐ | ☐ |
| Correct journal for transferring finished jobs to FG | ☒ | ☐ | ☐ | ☐ |
| Correct journal for transferring sold jobs to COGS | ☒ | ☐ | ☐ | ☐ |
| Correct journal for recording sales invoices | ☒ | ☐ | ☐ | ☐ |
| Correct journal for writing off under applied FOH to COGS | ☒ | ☐ | ☐ | ☐ |
| Correct journal for transferring COGS and Sales to trading statement | ☒ | ☐ | ☐ | ☐ |
| General ledger accounts | ||||
| GL for Materials control correct | ☒ | ☐ | ☐ | ☐ |
| GL for Labour control correct | ☐ | ☒ | ☐ | ☐ |
| GL for FOH control correct | ☐ | ☒ | ☐ | ☐ |
| GL for WIP correct | ☐ | ☒ | ☐ | ☐ |
| GL for FG correct | ☐ | ☒ | ☐ | ☐ |
| GL for COGS correct | ☐ | ☒ | ☐ | ☐ |
| Trading Statement | ||||
| Prepared trading statement with correct figures and in correct format | ☐ | ☒ | ☐ | ☐ |
NOTE: Students can be awarded part marks for showing working. Minor transposition or similar errors should not be marked incorrect if student displays clear understanding of the process being assessed. This needs to be noted on the assignment.
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