Sistem Biaya dan Akumulasi Biaya Pertemuan 03-04

Matakuliah : A0486 - Akuntansi BiayaTahun : 2009

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Q4-1Name the five parts of the cost of goods sold section of the income statement

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Q4-2Discuss the complementary relationship between the balance sheet and the income statement

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Q4-7Distinguish among the process, job order, and backflush cost accumulation methods.

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E4-4Manufacturing Costs: Cost of Goods Manufactured Inventories. Cost data on the activities of Columbia Manufacturing for may are as follows:

April 30 May 31

(a)

Account Balances:

Finished Goods $45.602 $.........?

Work In Process 60.420 52.800

Direct Material 10.250 12.700

Indirect Material 5.600 5.180

Bina Nusantara

Latihan soal hitunganApril 30 May 31

(b) Transactions in May:

Supplies purchased $ 16.500

Cost of goods sold 280.000

Raw materials purchased 105.000

Indirect labor 22.000

Factory heat, light, and power

11.220

Factory rent 18.500

Factory insurance 2.000

Sales commisions 48.000

Administrative expenses 25.000

Production supervisor’s salary

5.000

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(c) 4.250 direct labor hours were worked in may. Laborers work a 40-hour week and are paid $22 per hour for the regular shift and time-and-a-half for each hour of overtime. Of the 4.250 hours, 250 hours were worked in overtime in May. The company trats the overtime premium as a part of overhead.Required:

1) Calculate the factory overhead incurred in May2) Determine the cost of goods manufactured in May3) Determine the ending balance in finished goods at May

31(used by permission of “CMA Canada”)

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Latihan soal hitunganE4-5Journal Entries for the Cost Accounting Cycle. Menezes Company had the following transactions in March:a) Materials were purchased on account, $40.000b) Materials were requisitioned: $33.000 for production and

$2.000 for indirect factory usec) Total payroll of $4.000 was recordedd) The payroll was paide) Of the total payroll, $32.000 was direct labor and $8.000

was indirect factory laborf) Various factory overhead costs totaling $4.000 were paid in

cashg) Various factory overhead costs totaling $18.000 were

incurred on account

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h. Other factory overhead consisted of $2.100 depreciation, $780 expired insurance, and $1.250 accured property taxes

i. Total factory overhead was charged to the work in process account

j. Cost of completed production transffered to storage, $92.000k. Sales on account were $80.000, half of which was collected.

The cost of goods sold was 75% of the sales price

Required:Prepare journal entries for these transactions.

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Latihan soal hitunganE4-8Cost of Goods Sold Statement. Cinnabar Company has provided the following data concerning its operations for the year ended December 31, 20A:

Raw materials on hand, December 31 $ 24.000

Work in process, December 31 30.000

Finished goods, December 31 70.000

Factory supplies on hand, December 31 14000

Sales 1.100.000

Factory maintenance 38.400

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Administrative salaries $ 108.000

Discounts on raw materials purchases 4.200

Delivery expenses 16.000

Interest income 1.000

Factory supplies used 22.400

Common stock ($10 per value) 2.000.000

Retained earnings 525.000

Trade accounts payable 273.500

Accumulated depreciation—factory building and equipment

47.500

Building and equipment 500.000

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Trade accounts receivable $ 450.000

Cash 170.000

Finished goods, January 1, 20A 37.500

Direct labor 180.000

Bad debt expense 2.500

Factory power and heat 19.400

Advertising 8.400

Insurance expired—factory building and equipment

4.800

Work in process, Januari 1, 20A 84.000

Depreciation—factory building and equipment 17.500

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Factory superintendence $ 100.000

Interest expense 1.500

Raw materials purchased 400.000

Indirect factory labor 20.000

Sales returns 2.200

Sales discounts 1.300

Required:Prepare the cost of goods sold statementCGA-Canada (adapted), Reprint with permission