管理会计复习提纲_精品文档Word格式.doc

管理会计复习提纲_精品文档Word格式.doc

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Answer

（a）Primecost=DM+DL=$50（$20+$30）

（b）Conversioncost=DL+OH=$60（$30+$20+$10）

（c）Product（inventoriable）costunderabsorptioncosting=allmanufacturingcosts,i.e.$80（$20+$30+$20+$10）

（d）Variableproduct（inventoriable）costunderabsorptioncosting=removefixedOHof$10perunit,therefore$70.

（e）Periodcost=allcoststhatarenotmanufacturingcosts.Here,onlysellingcosts,therefore$5.

（f）Answeris$92,500,calculatedasfollows.Addtotalofexpectedmanufacturingandnon-manufacturingcosts.Notethatthefixedandvariablecostsaretreateddifferently:

SOLUTIONSTOPRACTICEQUESTIONS,PARTALECTURE2

QUESTION1

ProductionbudgetforthemonthofApril

Requiredforsales 1,000

+desiredendinginventory 60（5%x1,200）

1,060

-openinginventory 52*

Requiredproduction 1,008

*IfyoudidnotknowtheactualinventoryofproductsatthebeginningofApril（whetheryoudoornotdependsonhowfarinadvanceyouarepreparingthebudgets）,youwouldusetheestimateforthebeginningofApril（whichisthesameastheendofMarch,i.e.5%x1,000=50）.

DirectMaterialspurchasesbudgetforthemonthofApril（inkgs）

Requiredforproduction 2,016（1,008unitsx2kg）

+desiredendinginventory 200

2,216

-openinginventory 125**

Requiredpurchasesofmaterial 2,091kg

**Asbefore,ifyoudidnotknowtheactualinventoryofmaterialsatthebeginningofApril,youwouldusetheestimateforthebeginningofApril（whichisthesameastheendofMarch,i.e.250kg）

QUESTION3

Flexiblebudgetformulais$100,000+$40perunit,thereforewithnochanges,budgetedcostswouldbe:

$100,000+（20,000x$40）

=$900,000

Theeffectofusingovertimeisthatthevariablecostwillbegreaterthan$40perunit.Withoutfurtherinformation,allwecanconcludeisthatthebudgetedamountwillbesomeamountgreaterthan$900,000.

QUESTION4

Av.CM=（.1x$4）+（.7x$6）+（.2x$2）

=（.4+4.2+.4）=$5

BEpoint=6,000 =1,200unitsintotal,whichis:

5

120unitsofproduct1（10%）

840unitsofproduct2（70%）

240unitsofproduct3（20%）

QUESTION5

（a）CostAisnotfixed,asitchangesacrossactivitylevels.Notvariable,becauseitisadifferentamountperunitatthedifferentactivitylevels.Thereforeitismixed.

CostBisafixedcostasintotalitremainsthesameintotalacrossdifferentactivitylevels.

BecauseCostCisconstantperunitacrossdifferentactivitylevels,thetotalcostwillvaryinproportiontoactivitylevel,thereforeitisavariablecost.

（b）Highcost–lowcost

Highactivity–lowactivity

$3,000-$2,000

2,000-1,000

=$1,000/1,000

=$1perunit.

Atthehighlevelofactivity,

Fixedcost=Totalcost–variablecost

Fixedcost=$3,000–（2,000x$1）=$1,000

Checkatlowlevelofactivity,

Fixedcost=$2,000-（1,000x$1）=$1,000.

（c）FlexiblebudgetformulaforCostAis$1,000+$1perunit.

SOLUTIONSTOPRACTICEQUESTIONS,PARTA,LECTURE3

QUESTION2

Thefollowingaresummariesofthejobcardsforaparticularperiod:

Job

Openingbalances

DM

DL

OH

Totalcost

todate

#101

23,900

13,600

10,000

$47,500

#102

7,900

4,000

7,500

$19,400

#103

50,000

22,800

37,200

$110,000

#104

2,200

3,800

$10,000

#105

10,200

5,800

9,000

$25,000

Total

96,000

Assumethatonlytwojobs（#101and#103）arefinished,andjob#103issold.

（a） WhatisthebalanceoftheWIPa/candFGa/cattheendoftheperiod,andthetotalexpensefortheperiod?

（b）IsitpossibletotellthetotalDMcostincurredfortheperiod.Ifso,whatistheamount?

（c） IsitpossibletotellthetotalDMcostEXPENSEDduringtheperiod.Ifso,whatistheamount?

ANSWER

（a）Identifywhichjobsareatdifferentstagesofthemanufacturingandsellingcycle,andthereforeineachofthedifferentaccounts.Totalthecostsofthosejobs.ThetotalofthecostsonthejobcostsheetswillbethebalancesofWIPandFG,andthetotalexpense（amoun