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    Accounting Unit Additional Execerses AA025 Sem 2, 2019/2020

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    nur athirah
    Here are the key steps to solve this problem: 1) Calculate direct materials: Opening raw materials + Purchases - Closing raw materials = RM183,000 2) Calculate direct labour: Factory operator = RM173,000 3) Calculate factory overhead: - Factory supervisor salary = RM35,000 - Maintenance of factory machinery = RM120,000 - 80% of utility = RM36,000 - Total factory overhead = RM191,000 4) Calculate prime cost: Direct materials + Direct labour = RM356,000 5) Calculate work in process: - Opening WIP + Prime cost - Closing WIP = RM562,000 Therefore,

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    Accounting Unit Additional Execerses AA025 Sem 2, 2019/2020

    Uploaded by

    nur athirah
    154 views5 pages
    Here are the key steps to solve this problem: 1) Calculate direct materials: Opening raw materials + Purchases - Closing raw materials = RM183,000 2) Calculate direct labour: Factory operator = RM173,000 3) Calculate factory overhead: - Factory supervisor salary = RM35,000 - Maintenance of factory machinery = RM120,000 - 80% of utility = RM36,000 - Total factory overhead = RM191,000 4) Calculate prime cost: Direct materials + Direct labour = RM356,000 5) Calculate work in process: - Opening WIP + Prime cost - Closing WIP = RM562,000 Therefore,

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    koleksi chapter 2 part1

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    Here are the key steps to solve this problem: 1) Calculate direct materials: Opening raw materials + Purchases - Closing raw materials = RM183,000 2) Calculate direct labour: Factory operator = RM173,000 3) Calculate factory overhead: - Factory supervisor salary = RM35,000 - Maintenance of factory machinery = RM120,000 - 80% of utility = RM36,000 - Total factory overhead = RM191,000 4) Calculate prime cost: Direct materials + Direct labour = RM356,000 5) Calculate work in process: - Opening WIP + Prime cost - Closing WIP = RM562,000 Therefore,

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    154 views5 pages

    Accounting Unit Additional Execerses AA025 Sem 2, 2019/2020

    Uploaded by

    nur athirah
    Here are the key steps to solve this problem: 1) Calculate direct materials: Opening raw materials + Purchases - Closing raw materials = RM183,000 2) Calculate direct labour: Factory operator = RM173,000 3) Calculate factory overhead: - Factory supervisor salary = RM35,000 - Maintenance of factory machinery = RM120,000 - 80% of utility = RM36,000 - Total factory overhead = RM191,000 4) Calculate prime cost: Direct materials + Direct labour = RM356,000 5) Calculate work in process: - Opening WIP + Prime cost - Closing WIP = RM562,000 Therefore,

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    © All Rights Reserved
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    Accounting Unit

    Additional execerses
    AA025 Sem 2 , 2019/2020

    PART 1

    QUESTION 1
    Melody Enterprise is a furniture manufacturer. Identify the following items wheather
    product cost or period cost.
    No Cost
    kKos
    a Advertising
    Pengiklanan
    b Factory property tax
    Cukai harta kilang
    c Factory insurance
    Insurans kilang
    d Direct material used
    Bahan langsung digunakan
    e Depreciation – factory
    Susutnilai kilang
    f Depreciation – office equipment
    Susutnilai peralatan pejabat
    g Overtime of direct labour
    Bayaran lebih masa buruh langsung
    h Salary - office
    Gaji pekerja pejabat
    i Salesmen commission
    Komisen jurujual
    j Direct labour
    Upah buruh langsung
    QUESTION 2
    Pearl Berhad is a business produces unique pottery handicrafts.
    Below are the cost information obtained from the sales department, administrative
    department and production department :

    Pearl Berhad merupakan sebuah perniagaan yang menghasilkan pelbagai


    kraftangan unik daripada bahan tembikar.
    Berikut merupakan maklumat kos yang diperolehi daripada jabatan jualan, jabatan
    pentadbiran dan jabatan pengeluaran :
    RM
    Distribution and transportation PengedaranMdan 30,000
    Direct labour pengangkutan 95,000
    Direct material used Buruh langsung 160,000
    Indirect material used Bahan mentah digunakan 10,000
    Bahan mentah tak langsung
    Rent (70% factory) digunakan 60,000
    Salary (30% factory) Sewa bangunan (70% kilang) 210,000
    Other indirect factory cost Gaji (30% kilang) 7,800
    Lain-lain kos perkilangan tidak
    Other selling and administrative langsung 15,000
    expenses Lain-lain belanja jualan dan
    pentadbiran
    Required :
    Calculate :
    a. Direct cost (RM 255,000)
    b. Factory overhead cost (RM 122,800)
    c. Period cost (RM 210,000)
    (M 06/07)
    QUESTION 3
    Bayu Trading manufactures wood furniture sets for home and office. Part of the
    costs involved in manufacturing wood furniture sets for the living room are as
    follows :

    Bayu Trading mengeluarkan set perabot untuk rumah dan pejabat. Sebahagian
    daripada kos yang dilibatkan oleh BYSB untuk set perabot ruang tamu adalah
    seperti berikut :-

    A Wood RM 1,000 each set.


    Kos kayu RM 1,000 setiap set.

    B Direct labour RM 400 each set.


    Kos upah RM 400 setiap set.

    C Factory supervisor salary RM 25,000 per year.


    Gaji penyelia kilang RM 25,000 setahun.

    D Electricity cost at RM 2 per machine hour. Each set require 8 machine hours.
    Kos elektrik pada kadar RM 2 sejam mesin. Setiap set memerlukan 8 jam
    mesin

    E Kos susutnilai mesin RM 20,000 setahun.


    Salary of administrative manager RM 150,000 per year.

    F .
    Advertising expense RM 300,000 per year.
    Belanja pengiklanan RM 300,000 setahun.

    G Salesmen commission RM 300 for each set sold.


    Komisen jurujual RM 300 bagi setiap set yang dijual.

    H Factory insurance RM 10,000 per year.


    Insurans kilang RM 10,000 setahun.

    Required :2WZSSSSSSZzssssssssssssssssssssssssssss
    Classify the above costs by category as in the following table. Put an "X" in the
    correct category, ignore the amount.
    no Period Cost Product Cost
    Selling Administrative Direct Direct Factory
    expense expense material labour overhead
    X
    QUESTION 4
    Below is the information related to Omega Bhd. for the year ended December 31,
    2020.
    RM
    Sales 80,000
    Jualan
    Inventory – finished goods, January 1, 2020 13,000
    Inventori – barang siap, Januari 1, 2020
    Inventory - finished goods, December 31, 2020 9,000
    Inventori – barang siap, Disember 31, 2020
    Wages of production operator 20,000
    Upah operator pengeluaran
    Direct material used 15,000
    Bahan mentah langsung digunakan
    Indirect material 6,000
    Bahan mentah tak langsung
    Wages of indirect labour 5,000
    Upah buruh tak langsung
    Other variable overhead 4,000
    Lain-lain overhed berubah
    Factory tax 3,000
    Cukai kilang
    Factory rent 1,500
    Sewa kilang
    Salary of factory manager 2,000
    Gaji pengurus kilang
    Depreciation – factory equipment 3,500
    Susutnilai peralatan kilang
    Inventory – work in process, January 1, 2020 8,000
    Inventori Kerja dalam proses, 1 Januari 2020
    Inventory – work in process, December 31, 2020 17,000
    Inventori Kerja dalam proses, 31 Disember 2020
    Variable selling and administrative expenses 7,000
    Belanja jualan dan pentadbiran berubah
    Fixed selling and administrative expenses 8,000
    Belanja jualan dan pentadbiran tetap

    Required :
    a. Calculate Prime Cost. (RM 35,000)
    b. Calculate Conversion Cost. (RM 45,000)
    c. Prepare the Statement of Cost of Goods Manufactured for the year ended
    December 31, 2016. (RM 51,000)
    d. Calculate Cost of Goods Sold. (RM 55,000)
    e. Calculate Period Cost. (RM 15,000)
    (M 08/09
    QUESTION 5
    Below are the costs information of Aura Sdn. Bhd. for the month of November 2016.
    The company produces perfumes.
    Berikut adalah maklumat kos bagi Aura Sdn. Bhd. untuk bulan November 2016.
    Syarikat ini mengeluarkan minyak wangi.
    RM
    Opening inventory : raw material 18,000
    Inventori awal : bahan mentah

    : work in process 35,000


    : kerja dalam proses
    Purchases of raw material 175,000
    Belian bahan mentah

    Factory operator 173,000


    Operator kilang

    Salary of factory supervisor 35,000


    Gaji penyelia kilang

    Salary of administrative worker 30,000


    Gaji pekerja pentadbiran

    Maintenance of factory machinery 120,000


    Penyelenggaraan mesin kilang

    Office supplies 30,000


    Bekalan am pejabat

    Utility (80% factory, 20% administrative) 45,000


    Utiliti (80% kilang, 20% pentadbiran)

    Closing inventory : raw material 10,000


    Inventori akhir : bahan mentah

    : work in process 20,000


    kerja dalam proses

    Required :
    Prepare the Statement of Cost of Goods Manufactured for Aura Sdn. Bhd. for the
    month ended November 30, 2016. (RM562,000)

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