管理会计练习.docx

管理会计练习.docx

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管理会计练习

TheImmanuelCompanyhasjustobtainedarequestforaspecialorderof6,000jigstobeshippedattheendofthemonthatasellingpriceof$7each.Thecompanyhasaproductioncapacityof90,000jigspermonthwithtotalfixedproductioncostsof$144,000.Atpresent,thecompanyisselling80,000jigspermonththroughregularchannelsatasellingpriceof$11each.Fortheseregularsales,thecostforonejigis:

VariableProductionCost

$

FixedProductionCost

$

VariableSellingExpense

$

Ifthespecialorderisaccepted,Immanuelwillnotincuranysellingexpense;however,itwillincurshippingcostsof$perunit.

Q1.

IfImmanuelacceptsthisspecialorder,whatwillbetheincreaseinthemonthlynetoperatingincome

A）$1,800.B）$3,600.C）$12,600.D）$14,400.

Q2.

Supposethattotalregularsalesofjigsare85,000unitspermonth,andallotherconditionsremainthesame.IfImmanuelacceptsthespecialorder,whatwillbethechangeinmonthlyoperatingincome

A）$3,600decrease.B）$5,400decrease.C）$7,200increase.D）$14,000increase.

Question1answer

Revenueachieved（6000X$7）$42,000

Less:

costs（$++.30=$X6000）40,200

Increaseinoperatingincome1,800

Question2Answer:

Revenueachieved（6000units*$7）$42,000

Less.Costs;

+LostOpportunityCosts

（$+$+[（$–-*1000/6000]

$+[$*1000/6000]

$+$

$*6000（$34,800）

Netincrease$7,200

BrownCompanymakesfourproductsinasinglefacility.Theseproductshavethefollowingunitproductcosts:

Product

A

B

C

D

DirectMaterials

$

$

$

$

DirectLabour

$

$

$

$

VariableManufacturingOverhead

$

$

$

$

FixedManufacturingOverhead

$

$

$

$

UnitProductCost

$

$

$

$

Additionaldataconcerningtheseproductsarelistedbelow.

Product

A

B

C

D

GrindingMinutesperUnit

SellingPriceperUnit

$

$

$

$

VariableSellingCostperUnit

$

$

$

$

MonthlyDemandinUnits

3,000

2,000

2,000

4,000

Thegrindingmachinesarepotentiallyaconstraintintheproductionfacility.Atotalof10,500minutesareavailablepermonthonthesemachines.

Directlabourisavariablecostinthiscompany.

Q3

Howmanyminutesofgrindingmachinetimewouldberequiredtosatisfydemandforallfourproducts

A）10,500minutes.B）10,700minutes.C）10,800minutes.D）11,000minutes.

Q4

WhichproductmakestheLEASTprofitableuseofthegrindingmachines

A）ProductA.B）ProductB.C）ProductC.D）ProductD.

Q3

sln

Howmanyminutesofgrindingmachinetimewouldberequiredtosatisfydemandforallfourproducts

ABCD

Demand3000200020004000

Grinding

Minutes2

TotMinutes6000220014001200

Total=10,800minutes

Question4slnABCD

Sellingprice

DMaterials

DLabour

VMOH

VSE

./unit

Minutes/unit

2

./unit

Leastxxxxxxx

Q5.

JuettCompanyproducesasingleproduct.Thecostofproducingandsellingasingleunitofthisproductatthecompany'snormalactivitylevelof70,000unitspermonthisasfollows:

DirectMaterials

$

DirectLabour

$

VariableManufacturingOverhead

$

FixedManufacturingOverhead

$

VariableSelling&AdministrativeExpense

$

FixedSelling&AdministrativeExpense

$

Thenormalsellingpriceoftheproductis$perunit.

Anorderhasbeenreceivedfromanoverseascustomerfor2,000unitstobedeliveredthismonthataspecialdiscountedprice.Thisorderwouldhavenoeffectonthecompany'snormalsalesandwouldnotchangethetotalamountofthecompany'sfixedcosts.Thevariablesellingandadministrativeexpensewouldbe$lessperunitonthisorderthanonnormalsales.

Directlabourisavariablecostinthiscompany.

Required:

a）Supposethereisampleidlecapacitytoproducetheunitsrequiredbytheoverseascustomer,andthespecialdiscountedpriceonthespecialorderis$perunit.Byhowmuchwouldthisspecialorderincrease（decrease）thecompany'snetoperatingincomeforthemonth

b）Supposethecompanyisalreadyoperatingatcapacitywhenthespecialorderisreceivedfromtheoverseascustomer.Whatwouldbetheopportunitycostofeachunitdeliveredtotheoverseascustomer

c）Supposethereisnotenoughidlecapacitytoproducealloftheunitsfortheoverseascustomer,andacceptingthespecialorderwouldrequirecuttingbackonproductionof1,300unitsforregularcustomers.Whatwouldbetheminimumacceptablepriceperunitforthespecialorder

Q5Sln

a）

Variablecostperunitonnormalsales:

DirectMaterials

$

DirectLabour

$

VariableManufacturingOverhead

$

VariableSelling&AdministrativeExpense

$

VariableCostperUnitonNormalSales

$

Variablecostperunitonspecialorder:

NormalVariableCostperUnit

$

ReductioninVariableSelling&Administrative

$

VariableCostperUnitonSpecialOrder

$

SellingPriceforSpecialOrder

$

VariableCostperUnitonSpecialOrder

$

UnitContributionMarginonSpecialOrder

$

NumberofUnitsinSpecialOrder

2,000

Increase（Decrease）inNetOperatingIncome

$55,000

b）Theopportunitycostisjustthecontributionmarginonnormalsales:

NormalSellingPriceperUnit

$

VariableCostperUnitonNormalSales

$

UnitContributionMarginonNormalSales

$

c）Minimumacceptableprice:

UnitContributionMarginonNormalSales

$

DisplacedNormalSales

1,300

LostContributionMarginDisplacedSales

$43,160

TotalVariableCostonSpecialOrder（$x2,000）

$77,200

$120,360

NumberofUnitsinSpecialOrder

2,000

MinimumAcceptablePriceonSpecialOrder

$

Q6

Redner,Inc.producesthreeproducts.Dataconcerningthesellingpricesandunitcostsofthethreeproductsappearbelow:

Fixedcostsareappliedtotheproductsonthebasisofdirectlabourhours.

Demandforthethreeproductsexceedsthecompany'sproductivecapacity.Thegrindingmachineistheconstraint,withonly2,400minutesofgrindingmachinetimeavailablethisweek.

Required:

a）Giventhegrindingmachineconstraint,whichproductshouldbeemphasizedSupportyouranswerwithappropriatecalculations.

b）Ifthereisstillunfilleddemandfortheproductthatthecompanyshouldemphasizeinparta）above,uptohowmuchshouldthecompanybewillingtopayforanadditionalhourofgrindingmachinetime

Q6sln

a）Theproducttoemphasizecanbedeterminedbycomputingthecontributionmarginperunitofthescarceresource,whichinthiscaseisgrindingmachinetime.

ProductLshouldbeemphasizedbecauseithasthegreatestcontributionmarginperunitofthescarceresource.

b）IfadditionalgrindingmachinetimeisusedtoproducemoreofProductL,thetimewouldbeworth60x$5=$300perhour.

Question7

Green’sGamingCompanyspecializesincreatingandmanufacturingadultboardgames.Eachgamehasauniquegameboardtoaccompanytheotherpiecesofthegame.Thecompanyisatthefinaldevelopmentstageofanewgamecalled“MissionDoneLikeDinner,”basedonarecentmovieofthesamename.Sinceitisimportantthatthegamebeontheshelvesquicklytocapitalizeontheadvertisingandpromotiondonebythemoviestudioforthefilm,themanagerofGreen’sisconsideringanofferfromanothergamemanufacturertomakethegameboardsonbehalfofGreen’sfor$perboard.Thisisacommonpracticeinthegameindustryasthelifeofatoyisveryshortandthereisaneedtoactquicklytogettheproducttomarketbeforedemandhasshifted.

ThecostaccountantatGreen’shasdevelopedthefollowingcostestimatesfortheproductionofthegameboard:

Costperunitofgameboardfor“MissionDoneLikeDinner”

Directmaterial$

Directlabour

Factoryoverhead

Corporateoverhead

Costofgameboard$

Theaccountanthasalsoprovidedthefollowinginformation:

•Theboardcanbeproducedusingcurrentmachinerythathasacapacitytoproduce1,000,000unitspermonthandis50%utilized.

•Theanticipateddemandforthegamewillnotexceed50,000unitsamonth,accordingtothesalesteam.

•Halfofthefactoryoverheadisfixed.

•Thecorporateoverheadallocationisbasedon15%ofthedirectmaterialscharge.

Required

StatewhetherGreen’sshouldmakeorbuythegameboardsfromthecompetitor.

Therelevantcostsofmakingthegameboardare:

Directmaterial$

Directlabour

Factoryoverhead×

Costofgameboard$

Thebenefitofmakingthegameboardspermonthare（$–$×50,000unitsis$19,000inadditionalprofitpermonthforGreen’sgames.Conclusion:

Green’sshouldmakethegameboards.

Question8

ThenewcontrollerofBooks’R’Uswishestoinstituteaprofitabilityreviewofthevariousproductlinesofferedbythestore.Sheisexaminingtheproduct-linefinancialstatementshownbelow:

Product-LineFinancialStatementthreemonthsendedMarch31,200X（inthousands）

General

TotalBooksSuppliesMerchandise

Salesrevenue$400$200$80$120

Costofgoodssold

（assumeallvariable）3001604595

Grossmargin100403525

Lessfixedcosts:

Rent18666

Salariesofsalesstaff40161014

Marketingandadministrative36121212

Operatingprofit（loss）$6$6$7$（7）

Thecompany’saccountanthasalsoinformedthecontrollerthatifthegeneralmerchandisedepartmentwereeliminated,thefollowingwouldberelevant:

1.Allofthesalesstaffinthegeneralmerchandisedepartmentcouldbeterminated.

2.Therentisforasinglebuilding;thereisnootheruseforthespaceifthegeneralmerchandisedepartmentisdiscontinued.

3.Marketingandadministrativecostswouldbereducedby$6,000.

4.Thesalesofotherproductlineswouldbe