会计 4Word文档格式.docx

会计 4Word文档格式.docx

《会计 4Word文档格式.docx》由会员分享，可在线阅读，更多相关《会计 4Word文档格式.docx（6页珍藏版）》请在冰豆网上搜索。

8020

18February6,5006,500at￡1.711050

19070

Costofissues

Closingstockvalue2,7001,000at￡1.51,500

1,700at￡1.72,890

439023460

FIFO

6February5,0002,000at￡1.53000

3,000at￡1.634890

7890

18February6,5001,000at￡1.631630

5,500at￡1.79350

10980

18870

Closingstockvalue2,7002,700at￡1.7459023460

Cumulativeweightedaveragepricingmethod

DateReceivedIssuedBalanceTotalstockvalueUnitcost￡

Opening2,0003,0001.5

Stock

3Feb.4,0006,5201.63

600095201.59

6Feb.5,000（7950）1.597,950

1,0001,5701.59

15Feb.8,20013,9401.7

9,000155101.69

18Feb.6,500（10985）1.6910985

18935

Closing

Stockvalue2,70045251.694525

23460

TherearesomanyseasonstosupportchoosingFIFOtobeasthedirectmaterialperproduct.Firstly,thesizeandcostofunitsinABCltdarelarge.Besides,thematerialsareeasilyidentifiedasbelongingtoaparticularpurchasedlotbecausetheABCLtdonlyproducesfrozenyogurt.ThesearecharacteristicswhenFIFOisrecommended;

therefore,FIFOwasselectedtobeusedinABCLtdCompany.TherearealsosomebenefitsofFIFO–Materialswhichareuseddrawnbythemethodofcostrecordinginalogicalandsystematic;

Movementofmaterialsinacontinuous,orderly,singlefilemannerrepresentsaconditionnecessarytoandconsistentwithefficientmaterialscontrol,particularlyformaterialssubjecttodeterioration,decayandqualityarestylechanges;

itiseasiertounderstandandexplaintomanagers.（）

（c）Calculatetheprofitoftheproductbyusing:

Traditionaloverheadabsorptionmethod:

Absorptionrate:

105,000/11,500=9.13

￡￡

Sales25×

11,000=275,000

Productioncosts:

Directlabor3×

11,5000=34,500

Directmaterial18,870

Totalproductioncost53,370

Lessclosingstock500×

（53,370/11,500）=2,320

Salesoverhead9.13×

11,000=100,430

Productioncostofsales53,370-2,320+100,430=（151,480）

Grossprofit123,520

Sellingandministration（10,000）

Netprofit113,520

Marginalcostingmethod:

￡￡

11,000=275,000

Openingstock/

Variableproductioncost:

Rawmaterial18870

11,5000=34,500

Productionoverhead20,000+15,000=35,000

Lessvaluesofclosingstock（18,870+34,500+35,000）/

11,500×

500=38400

Variableproductioncostofsales18,870+34,500+35000-

38400=（84530）

Contribution190470

Lessfixedcost:

Rentandrates50,000

Dep’nofequipment20,000

Sellingandministration10,000

Totalfixedcosts（80,000）

NetProfit110,470

Comparingthe2resultsoftraditionaloverheadabsorptionmethodandmarginalcostingmethod,traditionaloverheadabsorptionmethodisbetterforABCtouse,becausealthoughthismethodisnotaseasyasmarginalcostingmethodtooperate,thefixedproductioncostarecoveredinthispricingmethodwhichinordertomakesomeoutput,andsoitismorefairtochargealloutputwithashareoffixedproductioncosts.Besides,byincludingashareoffixedproductionoverhead,closingstockvaluewillbevaluedontheprinciplerequiredforthefinancialaccountingvaluationofstock.Whatismore,thismethodwillsnotreportthehigherorlowerprofitifstockslevelsincreaseordecrease.（ManagementAccounting2004）

（d）Thesamepriceperunitwassetaccordingtocost-basedapproaches.UsingtheaboveresultsinpartC,calculatetheprofitmark-upwhentheyareusing:

Fullcost-pluspricing

￡

Directmaterials1.64

Directlabor3

Productionoverheads9.13

Sellingandadministration10,000÷

11,500=0.87

Fullcost14.64

（£

25-£

14.64）/£

14.64=71%

Marginalcost-pluspricing

￡

Sales25

DM1.64

DL3

Variableoverheads35,000÷

11,000=3.04

Marginalvariablecost7.68

7.68）/£

7.68=226%

AdvantagesofFullcost-pluspricingmethod:

Thisisaquick,simpleandcheappricingmethodwhichcouldbedelegated