成本会计 英文版.docx

成本会计 英文版.docx

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成本会计英文版

PartI（50%）

I.MultipleChoices（20%,2%foreachquestion）

Thefollowinginformationforquestions1-3

AdamCompanymakesahouseholdappliancewithmodelnumber001.Thegoalfor2009isto

reducedirectmaterialsusageperunit.Nodefectiveunitsarecurrentlyproduced.Manufacturing

conversioncostsdependonproductioncapacitydefinedintermsof001unitsthatcanbeproduced.

Theindustrymarketsizeforappliancesincreased10%from2008to2009.Thefollowingadditional

dataareavailablefor2008and2009:

20082009

Unitsof001producedandsold10,00011,000

Sellingprice$100$95

Directmaterials（squarefeet）30,00029,000

Directmaterialcostspersquarefoot$11$12

Manufacturingcapacityfor001（units）12,50012,000

Totalconversioncosts$250,000$240,000

Conversioncostsperunitofcapacity$20$20

1.Whatisoperatingincomefor2008?

A）$420,000B）$450,000C）$750,000D）$700,000E）noneofabove

2.Whatisoperatingincomefor2009?

A）$997,500B）$678,500C）$457,000D）$447,000E）noneofabove

3.WhichstrategyisAdamCorporationpursuing?

A）Productdifferentiation,becausetheunitsproducedandsoldincreased.

B）Productdifferentiation,becausetotalconversioncostsdecreased.

C）Costleadership,becausedirectmaterialcostspersquarefootincreased.

D）Costleadership,becausethesellingpricedecreased.

E）noneofabove

4.The________approachadjustsindividualjob-costrecordstoaccountforunder-allocatedor

over-allocatedoverhead.

A）adjustedallocation-rateB）prorationC）write-offtocostofgoodssold

D）BothAandBarecorrectE）noneofabove

5.Allofthefollowingareoperatingbudgetsexceptthe_____

A）purchasesbudgetB）capitalbudgetC）costofgoodssoldbudget

D）budgetedincomestatementE）noneofabove

6.ThefollowingdatafortheHebbeCompanypertaintotheproductionof2,000glasspigeons

duringJuly:

Standardvariable-overheadcost:

$6.00perpoundofglass.

Totalactualvariable-overheadcost:

$11,000.

Standardvariable-overheadcostallowedforunitsproducedwas$13,000.

Variable-overheadefficiencyvariancewas$240unfavorable

_____isthevariable-overheadflexible-budgetvariance.

A）$2,000favorableB）$240unfavorableC）$1,280favorable

D）$1,000unfavorableE）noneofabove

Thefollowinginformationforquestions7-8

HavordManufacturingusesanormalcostsystemandhadthefollowingdataavailablefor2009:

Directmaterialspurchasedonaccount$73,000

Directmaterialsrequisitioned40,000

Directlaborcostincurred65,000

Factoryoverheadincurred73,000

Costofgoodscompleted146,000

Costofgoodssold128,000

Beginningdirectmaterialsinventory13,000

BeginningWIPinventory32,000

Beginningfinishedgoodsinventory29,000

Overheadapplicationrate,asapercentofdirect-laborcosts125percent

7.Thejournalentrytorecordthematerialsplacedintoproductionwouldincludea:

A）credittoDirectMaterialsInventoryfor$40,000

B）debittoDirectMaterialsInventoryfor$74,000

C）credittoWIPInventoryfor$40,000

D）debittoWIPInventoryfor$74,000E）noneofabove

8.Theendingbalanceofwork-in-processinventoryis:

A）$219,250B）$72,250C）$65,000D）$211,000E）noneofabove

9.WhichofthefollowinginventorycostingmethodsshownbelowisrequiredbyGAAP（Generally

AcceptedAccountingPrinciples）forexternalfinancialreporting?

A）absorptioncostingB）variablecostingC）throughputcosting

D）directcostingE）noneofabove

10.WhichbudgetisNOTnecessarytopreparethebudgetedbalancesheet?

A）cashbudgetB）budgetedincomestatementC）budgetedstatementofcashflowD）revenuebudget

IIProblem

1.Followingastrategyofproductdifferentiation,NobelCorporationmakesahigh-endcomputer

monitor,OK10.NobelCorporationpresentsthefollowingdatafortheyears2008and2009:

20082009

UnitsofOK10producedandsold5,0005,500

Sellingprice$400$450

Directmaterials（pounds）15,00015,375

Directmaterialscostsperpound$40$45

ManufacturingcapacityforOK10（units）10,00010,000

Conversioncosts$1,000,000$1,100,000

Conversioncostsperunitofcapacity$100$110

Sellingandcustomer-servicecapacity（customers）6058

Totalsellingandcustomer-servicecosts$360,000$362,500

Sellingandcustomer-servicecapacitycostpercustomer$6,000$6,250

NobelCorporationproducesnodefectiveunitsbutitwantstoreducedirectmaterialsusageperunit

ofOK10in2009.Manufacturingconversioncostsineachyeardependonproductioncapacitydefined

intermsofOK10unitsthatcanbeproduced.Sellingandcustomer-servicecostsdependonthenumber

ofcustomersthatthecustomerandservicefunctionsaredesignedtosupport.NobelCorporationhas46

customersin2008and50customersin2009.Theindustrymarketsizeforhigh-endcomputermonitors

increased5%from2008to2009.

Required:

（15%）

a.Whatistherevenueeffectoftheprice-recoverycomponent?

b.Whatisthecosteffectoftheprice-recoverycomponent?

c.Whatistheneteffectonoperatingincomeasaresultoftheprice-recoverycomponent?

2.Whatarethethreecriteriaacompanyshouldusetoevaluateandchooseacostdriver?

Briefly

explaineachofthethreecriteria.（10%）

3.Whyisthebookvalueofoldequipmentirrelevanttotheequipmentreplacementdecision?

（5%）

PartII（50%）

............................................................................................

Problem

1.DYSMedicalInstrumentssells25,000unitsofMR-25,asurgicalscalpel,eachyear,whichit

purchasesfromSlocoManufacturing.Sloco’sreputationforqualityisthebestintheindustry.DYS

isnowconsideringadoptingJITpurchasing.Thepurchasepriceofeachscalpelwillincreasebya

smallamount,andmore-frequent,smallerorderswillbeplacedwithSloco.DYSexpectsthat

realistically,underJITpurchasing,therewillbestockoutsforabout4unitseachmonthandeach

stockoutwillcostabout$4tohandle.Theexpectedrelevantchangesaresummarizedhere:

Current

Purchasing

Policy

JIT

Purchasing

Policy

Numberofunitsorderedperyear

Purchasepriceperunit

Orderingcostperpurchaseorder

Numberofpurchaseordersperyear

Requiredannualrateofreturnoninvestment

Othercarryingcostsperunitperyear

Expectednumberofstockoutunitspermonth

Costperstockoutunit

25,000

$16

$3

50

20%

$5

-

-

25,000

$16.04

$3

500

20%

$5

4

$4

Required

（1）Computetheestimateddollarsavings（loss）forDYSMedicalInstrumentsfromtheadoptionof

purchasing.（12%）

2.TheJRcorporationproducesandsellsthreesoftdrinks:

Limor,ColaandOrlem.Budgetedand

actualresultsfor2009areasfollows:

Budgetfor2009

Actualfor2009

Product

SellingPriceper

Carton

VariableCostper

Carton

CartonsSold

SellingPriceper

Carton

VariableCostper

Carton

CartonsSold

Limor

$6

$4

400,000

$6.2

$4.5

480,000

Cola

$4

$2.8

600,000

$4.25

$2.75

900,000

Orlem

$7.2

$4.4

1,000,000

$6.8

$4.6

1,620,000

Thetotalsoftdrinksmarketwasestimatedtoreachsalesof25millioncartonsintheeastern

regionoftheUnitedStatesfor2009.However,actualtotalsalesvolumeintheregionwas30million

cartons.

Required:

（1）ComputethetotalsalesmixvarianceforOrlem.（5%）

（2）Computethemarket-shareandmarket-sizevariancesforJRin2009.（10%）

3.TheYWWCorporationmakeswireharnessesfortheaircraftindustry.YWWisuncertainabout

whenandhowmanycustomerorderswillbereceived.Thecompanymakesharnessesonlyafter

receivingfirmordersfromitscustomers.YWWhasrecentlypurchasedanewmachinetomaketwo

typesofwireharnesses,oneforBoeingairplanes（X7）andtheotherforAirbusIndustriesairplanes

（A3）.Theannualcapacityofthenewmachineis8,450hours.Thefollowinginformationis

availablefornextyear:

Customer

Annual

average

number

oforders

Manufacturing

timerequired

Sellingpriceperorderif

averagemanufacturing

leadtimeperorderis

Variablecost

perorder

Inventory

carryingcost

perorderper

hour

Lessthan

100hours

Morethan

100hours

X7

150

40hours

$20,000

$19,400

$15,000

$0.6

A3

20

50hours

18,500

18,100

14,000

0.55

Required

（1）ComputetheaveragemanufacturingleadtimesperorderifYWWproducesbothX7andA3.

（6%）

（2）EventhoughA3hasapositivecontributionmargin,managersareevaluatingwhetherYWW

should（i）manufactureandsellonlyX7or（ii）manufactureandsellbothX7andA3.Which

alternativewillmaximizetheoperatingincomeofYWW?

Showyourcomputation.（8%）

4.Pleasefillinthefollowingblanks:

（9%）

Acompany

Revenues

Income

Investment

Incomeasapercentageofrevenues

Investmentturnover

ROI

?

?

$4,000,000

0.5%

4

?