AIOU Solved Assignment Code 462 Cost Accounting Autumn 2025 & Spring 2026 PDF Free Download

Are you looking for the updated and complete AIOU Solved Assignment Code 462 Cost Accounting for the Autumn 2025 and Spring 2026 academic semesters? You have arrived at the official, student-verified study resource portal! At aiou.net.pk, we provide 100% accurate, syllabus-aligned, and top-scoring solved assignments in free downloadable PDF format tailored specifically for BA / B.Com / Associate Degree in Commerce (ADC) students of Allama Iqbal Open University (AIOU).

Every assignment solution below has been meticulously prepared by seasoned educationists and subject matter experts in accordance with the official 9-unit textbook syllabus issued by the university. Whether you need model answers for Assignment No. 1 (Units 1–5) or Assignment No. 2 (Units 6–9), this comprehensive study guide equips you with authentic questions, in-depth academic solutions, textbook syllabus outlines, submission deadline tables, and step-by-step submission instructions to help you secure 80+ marks in your continuous coursework assessment.

Course Code 462 Specification & Academic Overview

Before preparing and submitting your coursework, review the official academic parameters for Course Code 462 outlined in the university prospectus:

Course Parameter	Official Academic Specification
Course Code	Code 462
Subject Name	Cost Accounting
Academic Program	BA / B.Com / Associate Degree in Commerce (ADC)
Program Level	Bachelor / Undergraduate Commerce
Credit Hours	6 Credit Hours (Core Commerce)
Minimum Passing Marks	40% (Continuous Assessment + Exam)
Assignment Submission Mode	Handwritten (Dispatch to Assigned Tutor via Post)
Official Textbooks & Soft Books	Download Code 462 Book PDF
Tutor Allocation & Address Check	Find Assigned Tutor on CMS Portal
CMS Portal Student Login	AIOU CMS Portal Login Guide

Download AIOU Solved Assignment Code 462 Free PDF

Students can download both solved assignments for Course Code 462 for the current academic session completely free of charge. Click on the respective download buttons below to access high-quality reference solutions:

AIOU Solved Assignment Code 462 Solved Questions & Model Answers

To assist students who wish to understand the conceptual depth required for university examinations, we have transcribed verified model solutions to key assignment questions below:

Assignment No. 1 – Question 1

Question: Construct a complete Cost of Goods Sold (COGS) Statement structure with illustrative manufacturing figures.

Model Answer:

Opening Raw Material Inventory (Rs. 50,000) + Net Material Purchases (Rs. 300,000) = Material Available for Use (Rs. 350,000) – Ending Raw Material Inventory (Rs. 40,000) = Direct Materials Consumed (Rs. 310,000). Add Direct Labor (Rs. 180,000) = Prime Cost (Rs. 490,000). Add Factory Overhead (Rs. 120,000) = Total Manufacturing Costs (Rs. 610,000). Add Opening Work in Process (Rs. 60,000) = Total Cost of Work in Process (Rs. 670,000) – Ending Work in Process (Rs. 50,000) = Cost of Goods Manufactured (Rs. 620,000). Add Opening Finished Goods (Rs. 70,000) = Cost of Goods Available for Sale (Rs. 690,000) – Ending Finished Goods (Rs. 80,000) = Cost of Goods Sold at Normal (Rs. 610,000).

Assignment No. 1 – Question 2

Question: Derive the Economic Order Quantity (EOQ) formula and calculate EOQ for Annual Demand = 10,000 units, Ordering Cost = Rs. 150, and Carrying Cost = Rs. 3 per unit.

Model Answer:

The EOQ formula minimizes total inventory costs where Annual Ordering Cost equals Annual Holding Cost: EOQ = √[(2 * D * S) / H], where D is Annual Demand in units (10,000), S is Ordering Cost per order (Rs. 150), and H is Holding / Carrying Cost per unit per year (Rs. 3). Substituting: EOQ = √[(2 * 10,000 * 150) / 3] = √[3,000,000 / 3] = √1,000,000 = 1,000 units. Optimal order size is 1,000 units, requiring 10 orders per year.

Assignment No. 1 – Question 3

Question: Contrast FIFO and Weighted Average inventory costing during inflationary periods and their impact on profit.

Model Answer:

During inflationary periods when purchase prices are rising: 1. FIFO (First-In-First-Out) assigns earlier, lower purchase costs to Cost of Goods Sold, leaving recent, higher costs in ending inventory on the balance sheet; this results in a lower COGS, higher reported net profits, and higher tax liabilities. 2. Weighted Average Costing computes a blended unit rate [Total Cost / Total Units], distributing price increases evenly across COGS and ending inventory; it yields a higher COGS and moderate profits relative to FIFO, smoothing earnings volatility.

Assignment No. 2 – Question 1

Question: Explain Predetermined Factory Overhead (FOH) Rates and how Under-Applied or Over-Applied FOH is disposed of at year-end.

Model Answer:

A Predetermined FOH Rate is an estimated rate established before an accounting period begins to allocate indirect manufacturing costs to production: Rate = Estimated Annual FOH / Estimated Activity Base (e.g., Direct Labor Hours). Throughout the year, FOH is applied to jobs using this rate. At year-end, Applied FOH is compared against Actual FOH incurred. If Actual FOH > Applied FOH, overhead is Under-Applied (an unfavorable debit balance). If Applied FOH > Actual FOH, it is Over-Applied (a favorable credit balance). Minor variances are closed directly to Cost of Goods Sold; substantial variances are prorated among WIP, Finished Goods, and COGS.

Assignment No. 2 – Question 2

Question: Calculate Material Price Variance and Material Quantity Variance given: Standard Price = Rs. 20/kg, Actual Price = Rs. 22/kg, Standard Quantity = 2,000 kg, and Actual Quantity Used = 2,100 kg.

Model Answer:

1. Material Price Variance (MPV) = (Standard Price – Actual Price) * Actual Quantity = (Rs. 20 – Rs. 22) * 2,100 = -Rs. 2 * 2,100 = Rs. 4,200 Unfavorable (Debit), because the firm paid Rs. 2 more per kg than budgeted. 2. Material Quantity Variance (MQV) = (Standard Quantity – Actual Quantity) * Standard Price = (2,000 – 2,100) * Rs. 20 = -100 * Rs. 20 = Rs. 2,000 Unfavorable (Debit), because production used 100 kg more material than allowed. Total Material Variance = Rs. 4,200 (U) + Rs. 2,000 (U) = Rs. 6,200 Unfavorable.

Complete 9-Unit Textbook Syllabus for Course Code 462

Allama Iqbal Open University structures this 6-credit / 3-credit curriculum across nine cohesive instructional units. Students must thoroughly study each unit to master both assignment questions and final examination papers:

Unit Number	Official Unit Title	Core Conceptual Focus
Unit 1	Cost Accounting Concepts, Purpose & Classification	Financial vs cost accounting, direct vs indirect costs, fixed, variable, and mixed costs, and product vs period costs.
Unit 2	Cost of Goods Sold (COGS) Statement	Direct materials consumed, prime cost, total factory cost, work-in-process adjustments, and cost of goods manufactured.
Unit 3	Material Cost Control & Economic Order Quantity (EOQ)	Store ledger cards, purchase requisition, minimum level, maximum level, reorder level, and EOQ mathematical models.
Unit 4	Material Inventory Valuation Methods	First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Weighted Average costing in perpetual inventory systems.
Unit 5	Labor Costing, Payroll & Incentive Wage Plans	Direct vs indirect labor, idle time, overtime premium, piece-rate systems, Halsey premium plan, and Rowan incentive plan.
Unit 6	Factory Overhead (FOH) Allocation & Applied Rates	FOH departmentation, primary vs secondary allocation, predetermined FOH rates, and under-applied vs over-applied FOH.
Unit 7	Job Order Costing System	Job cost sheets, assigning direct material, direct labor, applied overhead to specific custom manufacturing orders.
Unit 8	Process Costing & Equivalent Units of Production	Cost of Production Report (CPR), equivalent production units under weighted average and FIFO, and normal vs abnormal scrap.
Unit 9	Standard Costing & Variance Analysis	Setting cost standards, material price and quantity variances, and labor rate and efficiency variances.

How to Submit AIOU Solved Assignment Code 462

Submitting your coursework in accordance with official university protocols ensures your marks are awarded without delays. Follow the mandatory procedure for your program:

Handwritten Submission Guidelines (Matric, FA & BA / Associate Degree):

1. Neat Handwriting: Write your assignments neatly on single-sided A4 lined paper using blue or black ink. Avoid cutting and overwriting.
2. Three Dispatch Slips (Partal Form): Attach three copies of the official university Assignment Dispatch Slip (Purt Form) to the front of each assignment. Clearly write your Student ID, Roll Number, Course Code (462), Semester, and Assigned Tutor’s name and address.
3. Tutor Verification: Check your allocated tutor’s mailing address on the AIOU Tutor Search Portal.
4. Postal Dispatch: Dispatch your assignment package via Pakistan Post Registered Mail or trusted courier service (TCS, Leopards) prior to the official deadline. Retain the postal booking receipt until your final semester result is announced on CMS.

Official Assignment Submission Schedule (Spring & Autumn)

Late submissions are strictly rejected by the university examinations department. Adhere to the following submission timeline:

Assignment Number	Autumn Semester Deadline	Spring Semester Deadline	Academic Units Covered
Assignment No. 1	Mid-November	Mid-July	Units 1 to 5
Assignment No. 2	Mid-January	Mid-September	Units 6 to 9

Frequently Asked Questions (FAQs)

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