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EXAMINATION

TERM II ACADEMIC SESSION 2012-2013

MASTER IN BUSINESS ADMINISTRATION EXECUTIVE

APRIL 2013

DURATION: several HOUR

STUDY COURSE CODE

:

ZCZA 6213

TRAINING COURSE TITLE

:

ACCOUNTING FOR DECISION MAKING

INSTRUCTIONS

:

1 )

There are 4 (4) questions.

2 .

Answer ALL questions in the provided answer booklet.

three or more.

Total markings are 100.

This paper consists of six printed web pages excluding this kind of cover page

0

QUERY 1 (25 MARKS)

La Diva Gown Shop produces custom designed dresses for full sales on the premises. Costs incurred during last month include the following:

Costs of fabric found in dress

Wages of dressmakers

Wages of dress designers

Wages of sales workers

Wages of designers who have experiment with fresh fabrics and dress models

Wages of employees who have repairs the shop's style and stitching machines

Earnings of the owner's assistant

Cost of the new sign displayed in front of the retail shop

Cost of electric power used in the pattern department

Depreciation about pattern devices and regular sewing machines

Price advertisement in local media

Cost of insurance for the production employees

Lease for home

RM60, 000

5, 000

4, 500

1, 000

3, 1000

2, 000

1, 2 hundred

400

2 hundred

10, 500

800

two, 000

six, 000

More information:

Half of the building's first ground is used intended for administrative workplace. The partner of it can be used for a retail sales shop.

The second ground is used for making dresses and storing of raw material.

Required:

a) Use the response sheet in Appendix A. Classify these kinds of costs in two ways (1) product expense (either as direct materials, direct time or production overhead) or perhaps period expense and (2) variable cost or fixed cost with respect to the number of device produced or sold. For classifying whether product price or period cost, put the dollar amount (in monthly amount) in the appropriate headings. Pertaining to classifying whether variable or perhaps fixed, make sure you use X in the ideal headings.

(14 marks)

b) Calculate the total product costs.

( three or more marks)

c) If the current month's device production enhance compared to the a month ago and basic cost actions patterns usually do not change; what is the probably effect on: i)

The pay of dress makers per unit? How come?

ii)

The total cost of insurance? Why?

iii)

The cost of insurance per product? Why?

iv)

The average device cost of production? Why?

( 8 marks)

1

ISSUE 2 (25 MARKS)

Amazing Cooking Limited. manufacture of gourmet cooking food utensils uses job being with regular costing. Developing overhead can be applied to production at a predetermined overhead rate of 150 percent of immediate labour expense. Any overapplied or underapplied manufacturing over head is sealed to expense of goods sold at the end of every month. Info: п‚· Job SR22 composed of ceramic place rests, was, the only job in procedure on 23 January, with accumulated costs as follows:

Direct materials

RM4, 000

Immediate labour

RM2, 000

Applied manufacturing cost to do business

RM3, 000

Total

RM9, 000

п‚· Jobs BS67, TR29 and GT108 were started during February

п‚· Material requisition and direct labour cost for each job in March are: SR22

BS67

TR29

GT108

Direct material

RM 12, 1000

RM 8, 200

RM5, 800

Direct labour

RM1, 000

RM7, 000

RM6, 400

RM5, 600

п‚· Manufacturing over head incurred in February was RM thirty-two, 000. п‚· Job SR22, BS67 and TR29 had been completed in March. Only Work BS67 was sold in that month.

Required:

a)

Describe two (2) reasons why Amazing Cooking prefers to use usual costing. (4 marks)

b) Calculate the quantity of overapplied or underapplied over head to be shut down to expense of goods sold on twenty eight February.

(6 marks)

c)

Prepare the journal admittance to record the shutting of overapplied or underapplied overhead. (2 marks)

d) Determine the ending balance of work in process about 28 February. (3 marks)

e)

Determine the finishing balance of finished goods on twenty eight February (6 marks)

f)

Explain two (2) distinctions between work costing and process priced at. (4 marks)...



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