管理会计英文版课后习题答案docx.docx
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管理会计英文版课后习题答案docx
第二章产品成本计算
Exercises
2-1(指教材上的第2章练习第1题,下同)
Part#72APart#172C
Steel*
Setupcost**
$12.00$18.00
6.006.00
Total$18.00$24.00
*($1.00x12;$1.00x18)
**($60,000/10,000)
Steelcostisassignedbycalculatingacostperounceandthenmultiplyingthisbytheouncesusedbyeachpart:
Costperounce=$3,000,000/3,000,000ounces
=$1.00perounce
Setupcostisassignedbycalculatingthecostpersetupandthendividingthisbythenumberofunitsineachbatch(thereare20setupsperyear):
Costpersetup=$1,200,000/20
=$60,000
2.Thecostofsteelisassignedthroughthedrivertracingusingthenumberofouncesofsteel,andthecostofthesetupsisassignedthroughdrivertracingalsousingnumberofsetupsasthedriver.
3.Theassumptionunderlyingnumberofsetupsasthedriveristhateachpartusesanequalamountofsetuptime.SincePart#72AusesdoublethesetuptimeofPart#172C,itmakessensetoassignsetupcostsbasedonsetuptimeinsteadofnumberofsetups.Thisillustratestheimportanceofidentifyingdriversthatreflectthetrueunderlyingconsumptionpattern.Usingsetuphours[(40x10)+(20x10)],wegetthefollowingrateperhour:
Costpersetuphour=$1,200,000/600
=$2,000perhour
Thecostperunitisobtainedbydividingeachpart'stotalsetupcostsbythenumberofunits:
Part#72A=($2,000x400)/100,000=$8.00
Part#172C=($2,000x200)/100,000=$4.00
Thus,Part#72Ahasitsunitcostincreasedby$2.00,whilePart#172Chasitsunitcostdecreasedby$2.00.
problems
2-5
1.Nursinghoursrequiredperyear:
4x24hoursx364days*=34,944
*Note:
364days=7daysx52weeks
Numberofnurses=34,944hrs./2,000hrs.pernurse=17.472
Annualnursingcost=(17x$45,000)+$22,500
=$787,500
Costperpatientday=$787,500/10,000days
=$78.75perday(foreithertypeofpatient)
2.Nursinghoursactasthedriver.Ifintensivecareuseshalfofthehoursandnormalcaretheotherhalf,then50percentofthecostisassignedtoeachpatientcategory.Thus,thecostperpatientdaybypatientcategoryisasfollows:
Intensivecare=$393,750*/2,000days
=$196.88perday
Normalcare=$393,750/8,000days
=$49.22perday
*$525,000/2=$262,500
Thecostassignmentreflectstheactualusageofthenursingresourceand,thus,shouldbemoreaccurate.Patientdayswouldbeaccurateonlyifintensivecarepatientsusedthesamenursinghoursperdayasnormalcarepatients.
3.Thesalaryofthenurseassignedonlytointensivecareisadirectlytraceablecost.Toassigntheothernursingcosts,thehoursofadditionalusagewouldneedtobemeasured.Thus,bothdirecttracinganddrivertracingwouldbeusedtoassignnursingcostsforthisnewsetting.
2-6
3-
1.
BellaObraCompanyStatementofCostof
2.Thedominantcostisdirectlabor(presumablythesalariesofthe100professionals).Althoughlaboristhemajorcostofprovidingmanyservices,itisnotalwaysthecase.Forexample,thedominantcostforsomemedicalservicesmaybeoverhead(e.g.,CATscans).Insomeservices,thedominantcostmaybematerials(e.g.,funeralservices).
3.
;21,000,(13"350,(
;7,650,0(
$900,
6.000.0(
$2,800
3,500
3,190
$9.490
Sales
Costofservicessold
Grossmargin
Lessoperatingexpenses:
SellingexpensesAdministrativeexpenses
750,0001"650,000Incomebeforeincometaxes
4.Serviceshavefourattributesthatarenotpossessedbytangibleproducts:
⑴intangibility,⑵perishability,⑶inseparability,and⑷heterogeneity.Intangibilitymeansthatthebuyersofservicescannotsee,feel,hear,ortasteaservicebeforeitisbought.Perishabilitymeansthatservicescannotbestored.ThispropertyaffectsthecomputationinRequirement1.Inabilitytostoreservicesmeansthattherewillneverbeanyfinishedgoodsinventories,thusmakingthecostofservicesproducedequivalenttocostofservicessold.Inseparabilitysimplymeansthatprovidersandbuyersofservicesmustbeindirectcontactforanexchangetotakeplace.Heterogeneityreferstothegreaterchanceforvariationintheperformanceofservicesthanintheproductionoftangibleproducts.
2-7
1.Directmaterials:
Magazine(5,000x$0.40)$2,000
Brochure(10,000x$0.08)800
Directlabor:
Magazine[(5,000/20)x$10]$2,500
Brochure[(10,000/100)x$10]1,000
Manufacturingoverhead:
Rent$1,400
Depreciation[($40,000/20,000)x350*]700
Setups600
Insurance140
Power350
Costofgoodsmanufactured
*Productionis20unitsperprintinghourformagazinesand100unitsperprintinghourforbrochures,yieldingmonthlymachinehoursof350[(5,000/20)+(10,000/100)].Thisisalsomonthlylaborhours,asmachinelaboronlyoperatesthepresses.
Directtracingwasusedtoassignprimecoststothetwoproducts.
3.Totalmonthlyconversioncost:
DirectlaborOverhead
Totaltheirusage.Depreciationandpowerareassignedbyusingmachinehours(250formagazinesand100forbrochures):
$350/350=$1.00permachinehourforpowerand$40,000/20,000=$2.00permachinehourfordepreciation.Setupsareassignedaccordingtothetimerequired.Sincemagazinesusetwiceasmuchtime,theyreceivetwicethecost:
LettingX=theproportionofsetuptimeusedforbrochures,2X+X=1impliesacostassignmentratioof2/3formagazinesand1/3forbrochures.
Exercises
3-1
Resource
TotalCost
UnitCost
Plastic1
$10,800
$0.027
Directlaborand
variableoverhead2
8,000
0.020
Moldsets3
20,000
0.050
Otherfacilitycosts4
10,000
0.025
Total
$48.800
$0.122
10.90x$0.03x400,000=$10,800;$10,800/400,000=$0,0272$0.02x400,000=$8,000;$8,000/400,000=$0.023$5,000x4quarters=$20,000;$20,000/400,000=$0.054$10,000;$10,000/400,000=$0,025
2.Plastic,directlabor,andvariableoverheadareflexibleresources;moldsandotherfacilitycostsarecommittedresources.Thecostofplastic,directlabor,andvariableoverheadarestrictlyvariable.Thecostofthemoldsisfixedfortheparticularactionfigurebeingproduced;itisastepcostfortheproductionofactionfiguresingeneral.Otherfacilitycostsarestrictlyfixed.
4-3
High(1,400,$7,950);Low(700,$5,150)
V=($7,950-$5,150)/(1,400-700)
=$2,800/700=$4peroilchange
F=$5,150-$4(700)
=$5,150-$2,800=$2,350
Cost=$2,350+$4(oilchanges)
PredictedcostforJanuary=$2,350+$4(1,000)=$6,350
problems
3-6
1.High(1,700,$21,000);Low(700,$15,000)
V=(Y2-Yi)/(X2-Xi)
=($21,000-$15,000)/(1,700-700)=$6perreceivingorder
F=Y2-VX2
=$21,000-($6)(1,700)=$10,800
Y=$10,800+$6X
2.
Outputofspreadsheetregressionroutinewithnumberofreceivingordersastheindependentvariable:
V=$13.38perreceivingorder(rounded)
F=$4,513(rounded)
Y=$4,513+$13.38X
R2=0.634,or63.4%
Receivingordersexplainabout63.4percentofthevariabilityinreceivingcost,providingevidencethatTracy'schoiceofacostdriverisreasonable.However,otherdriversmayneedtobe
consideredbecause63.4percentmaynotbestrongenoughtojustifytheuseofonlyreceivingorders.
3.
Regressionwithpoundsofmaterialastheindependentvariable:
V=$0,045perpoundofmaterialdelivered(rounded)
F=$5,632(rounded)
Y=$5,632+$0.045X
R2=0.825,or82.5%
Poundsofmaterialdeliveredexplainsabout82.5percentofthevariabilityinreceivingcost.ThisisabetterresultthanthatofthereceivingordersandshouldconvinceTracytotrymultipleregression.
4.Regressionroutinewithpoundsofmaterialandnumberofreceivingordersastheindependentvariables:
Constant
Std.Err.ofYEst.
RSquared
No.of
Observations
Degreesof
Freedom
752.104072925631
1350.46286973443
0.951068418023306
10
7
XCoefficient(s)
0.0333883151096915
Std.Err.ofCoef.
0.00495524841198368
7.14702865269395
1.68182916088492
Vi=$0,033perpoundofmaterialdelivered(rounded)
V2=$7,147perreceivingorder(rounded)
F=$752(rounded)
Y=$752+$0.033a+$7.147b
R2=0.95,or95%
Multipleregressionwithbothvariablesexplains95percentofthevariabilityinreceivingcost.Thisisthebestresult.
5-2
1.
Job#57
Job#58
Job#59
Balance,7/1
$22,450
$0
$0
Directmaterials
12,900
9,900
35,350
Directlabor
20,000
6,500
13,000
Appliedoverhead:
Power
750
600
3,600
Materialhandling
1,500
300
6,000
Purchasing
250
1,000
250
Totalcost
$57.850
$18.300
$58.200
2.
EndingbalanceinWorkinProcess
=Job#58=$18,300
3.
EndingbalanceinFinishedGoods:
:
Job#59=$58,200
4.
CostofGoodsSold=
Job#57=$57,850
problems
5-3
1.
Overheadrate=$180/$900=0.20or20%ofdirectlabordollars.(ThisratewascalculatedusinginformationfromtheLadanjob;however,theMyronandCoejobswouldgivethesameanswer.)
Note:
Thisisjustonewayofsettingupthejob-ordercostsheets.Youmightprefertokeepthedetailonthematerials,labor,andoverheadinbeginninginventorycosts.
3.SincetheLadanandMyronjobswerecompleted,theothersmuststillbeinprocess.Therefore,theendingbalanceinWorkinProcessisthesumofthecostsoftheCoe,Walker,andWillisjobs.
Coe
Walker
Willis
EndingWorkinProcess
$3,540
1,220
1,840$6.600
CostofGoodsSold=Ladanjob+Myronjob=$3,090+$2,410=$5,500
4.NamanCompany
IncomeStatement
FortheMonthEndedJune30,20XX
Sales(1.5x$5,500)$8,250
Costofgoodssold5,500
Grossmargin$2,750
Marketingandadministrativeexpenses1,200
Operatingincome$1.550
5-20
1.Overheadrate=$470,000/50,000=$9.40perMHr
2.DepartmentA:
$250,000/40,000=$6.25perMHr
DepartmentB:
$220,000/10,000=$22.00perMHr
3.
Job#74
Job#73
Plantwide:
DepartmentBappearstobemoreoverhead
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