Please view explanation and answer below.See the solution attached. If you need more explanations, let me knowClassification: General Business UseCollege of Administration and Finance SciencesAssignment (2)Deadline: Saturday 06/11/2021 @ 23:59Course Name: Cost AccountingStudent’s Name:Course Code: ACCT 301Student’s ID Number:Semester: 1stCRN:Academic Year: 1443 HFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:/5Level of Marks: High/Middle/LowInstructions – PLEASE READ THEM CAREFULLY• The Assignment must be submitted on Blackboard (WORD format only) via allocatedfolder.• Assignments submitted through email will not be accepted.• Students are advised to make their work clear and well presented, marks may bereduced for poor presentation. This includes filling your information on the coverpage.• Students must mention question number clearly in their answer.• Late submission will NOT be accepted.• Avoid plagiarism, the work should be in your own words, copying from students orother resources without proper referencing will result in ZERO marks. No exceptions.• All answers must be typed using Times N…
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