uts ab 2011 2012 gasal

of 5

MOJAKOE

Akuntansi Biaya

Dilarang Memperbanyak Mojakoe ini tanpa seijin SPA FEUI

Mojakoe dapat didownload di www.spa-feui.com

Fb: SPA FEUI Twitter: @spafeui

http://www.spa-feui.com/

of 5

UJIAN TENGAH SEMESTER

SEMESTER GASAL 2011/2012

Mata ajar : AkuntansiBiaya

Dosen : Paralel

Haritgl. : Selasa, 8 Nopember 2011

Waktu : 3 jam

SifatUjian : Closed Book.

PROBLEM 1 (45%)

Cedarwood Inc, is a furniture company which specializes in manufacturing all types of furniture from

Cedarwood. The company produces furniture based on specification from customer, and order from

one customer is different from another customer. Based on this situation, the company uses job

order costing to accumulate its production costs. Company Work in Pocess Inventory at November

1st, 2011 were as follows:

Job Cost Sheet Direct Material Direct Labor Factory Overhead Allocated (Applied)

Job – 23 Rp 50,000,000 Rp 5,000,000 Rp 10,000,000

Job – 26 Rp 40,000,000 Rp 8,000,000 Rp 16,000,000

Company’s finished goods inventory at November 1st, 2011 were as follows :

Job Cost Sheet Direct Material Direct Labor Factory Overhead Allocated (Applied)

Job – 21 Rp 80,000,000 Rp 10,000,000 Rp 20,000,000

Job – 24 Rp 30,000,000 Rp 8,000,000 Rp 16,000,000

Job – 25 Rp 50,000,000 Rp 15,000,000 Rp 30,000,000

Job – 28 Rp 70,000,000 Rp 23,000,000 Rp 46,000,000

Transactions that the company made during November 2011 were as follows :

1. Purchased Rp 200,000,000 of Raw Materials, 60% of them were paid in cash, while the rest will be paid next month (using perpetual method)

2. Issued raw material from the warehouse as follows : 3.

Material Recquisition Form Amount Job Cost Sheet Number

MR-Nov-01 Rp 40,000,000 Job - 26

MR-Nov-02 Rp 30,000,000 Job - 30

MR-Nov-03 Rp 45,000,000 Job - 31

MR-Nov-04 Rp 60,000,000 Job - 32

MR-Nov-05 Rp 20,000,000 Job - 30

of 5

MR-Nov-06 Rp 75,000,000 Job - 33

MR-Nov-07 Rp 25,000,000 -

4. Paid salary Rp 200,000,000, which consisted of Rp 110,000,000 for Factory Labor, Rp

40,000,000 for Marketing Personnel, and Rp 50,000,000 for Administrative Personnel 5. Payment for Factory Labor consisted of:

Amount Job Cost Sheet Number

Rp 8,000,000 Job -23

Rp 10,000,000 Job -26

Rp 20,000,000 Job -30

Rp 18,000,000 Job - 31

Rp 58,000,000 -

Rp 15,000,000 Job - 32

Rp 22,000,000 Job - 33

6. Paid electricity expenses Rp 60,000,000. It consisted of Rp 40,000,000 for operating the

machine for making furniture, Rp 5,000,000 for factory administration, Rp 5,000,000 for marketing office, and Rp 10,000,000 for administrative office.

7. Paid rent for marketing office for one year, Rp 12,000,000. Rent will officially begin next month

8. Paid machine maintenance expenses for November 2011 Rp 20,000,000 9. Put an advertisement in local magazines (November issues), and paid Rp 3,000,000 10. Buy a new machine Rp 50,000,000. The company already paid Rp 20,000,000, and the rest

will be paid next month. Machine already delivered to the company 11. Depreciation expenses (including new machine) for November 2011 were Rp 30,000,000 for

factory machine, Rp 10,000,000 for factory building, and Rp 15,000,000 for administrative building

12. Factory Overhead wil be allocated to each Job based on direct labor costs, and the FOH rate is 200% of Direct Labor Costs

13. Job 23,26,30 and 31 already finished and transferred to finished goods inventory 14. Closed the over/underapplied FOH to Cost of Good Sold 15. Job which are sold during November 2011 were, and all of the sales were credit sales.

Job Number Sales Price

Job - 21 Rp 180,000,000

Job - 23 Rp 115,000,000

Job - 24 Rp 75,000,000

Job - 25 Rp 125,000,000

Job - 30 Rp 155,000,000

Required

1. Based on information provided, prepare the necessary journals for Cedarwood, Inc 2. Calculate the amount of Ending WIP Inventory, F/G Inventory and the actual COGS for

Cedarwood, Inc. 3. Prepare Cedarwood’s Income Statement for November 2011

of 5

PROBLEM 2 (30%) Frito Lay, Inc., manufactures convenience foods, including potato chips and corn chips. Production of

corn chips occurs in four departments: Cleaning, Mixing, Cooking, and Drying and Packaging.

Consider the Drying and Packaging Department, where direct materials (packaging) are added at the

end of the process. Conversion costs are added evenly during the process. The accounting records of

a Frito-Lay plant provide the following information for corn chips in its Drying and Packaging

Department during a weekly period (week 37):

Physical Units

Transferred-In Costs

Direct Materials

Conversion Costs

Beginning Work In Progress 1,250 $ 29,000 $ - $ 9,060

Degree of completion of beginning Work In Progress

100% ?% 80%

Transferred in during week 37 from Cooking Department

5,000

Completed during week 37

5,250

Ending work in process, week 37

1,000

Degree of completion of ending Work In Progress

100% ?% 40%

Total Cost added during week 37

$ 94,000 $ 25,200 $ 38,400

Required:

a. Compute equivalent units for transferred in, direct materials and conversion cost using the

(a) FIFO method and (b) Average method.

b. Summarize the total Drying and Packaging Department costs for week 37, and assign total

costs to units completed and transferred out and to units in ending work in process using

the FIFO method.

c. Prepare journal entries for transfers from Drying and Packaging Department to Finished

Goods.

PROBLEM 3 (15%) Valley Corporation is a company which produces uniforms for Elementary School. The table below

explains information regarding Standard Production Costs in Valley:

Standard Quantity Standard Price (Rp)

Raw Material 3 meter Rp 20.000 per meter

Direct Labor 5 DLH Rp 16.000 per DLH

of 5

The total pre-determined factory overhead costs will be Rp 500.000.000, and it will be charged to

each products using direct labor hours as an allocation base. The budgeted direct labor hours used

are 250.000 hours.

Below is the information about actual production costs:

The actual uniforms produced were 15.000 units, and it requires 82.500 direct labor hours and 42.000 meter material to manufacture all of those uniforms.

The company bought 42.000 meter material with the total costs of Rp 882.000.000

The total amount of direct labor costs paid for producing uniforms were Rp 1.237.500.000

The total electricity expenses paid for 2010 were Rp 65.000.000

The total maintenance expenses for machine and factory building during 2010 were Rp 15.000.000

The depreciation expenses for machinery and factory building for 2010 were Rp 31.000.000

The total indirect labor paid for 2010 were Rp 30.000.000

The total Indirect Material used is Rp 29.000.000 Required:

1. Compute the total production cost for 15.000 units using Standard Costing and Normal Costing.

2. Prepare all the journal entry for standard costing.

PROBLEM 4 (10%) Burwood Co manufactured bicycle for children. In allocating its manufacturing overhead

cost, setup cost, there two possibility to use number of setups or/and set up hours as its

driver. Below is the output regression of manufacturing overhead costs based on (a)

number of setups and (b) setups hours taken from the observation in the Burwood Co.

during 2010.

Part of the summary output of regression statistic shows this information:

SUMMARY OUTPUT X Y

R Square 0,85 0,47

Standard Error 27.274 51.385

(a)

of 5

(b)

Required:

1. Write down the equation for each model : (a) number of setups and (b) setup hours

2. Based on your analysis, which cost driver should be used for Setup cost? Explain.

3. It is possible for Burwood Co. to use both of the drivers in allocating its Setup cost? Explain.

JAWABAN

Nomor 1

A Account Debit Credit

1 Raw Material Inventory

200.000.000

Cash Control

120.000.000

Account Payable

80.000.000

2 Work in Process Inventory - Job 26

40.000.000

Work in Process Inventory - Job 30

50.000.000

Setu

ps

cost

Se

tup

s co

st

of 5


45.000.000


60.000.000


75.000.000

MOH Control

25.000.000

Raw Material Inventory

295.000.000

3 Salaries Expense

110.000.000

Marketing Expense

40.000.000

Administrative Expense

50.000.000

Cash Control

200.000.000


8.000.000


10.000.000


20.000.000


18.000.000


15.000.000


22.000.000

MOH Control

58.000.000

Salaries Expense

151.000.000

Salaries Expense

41.000.000

Salaries Payable

41.000.000

5 MOH Control

45.000.000

Marketing Expense

5.000.000

Administration Expense

10.000.000

Cash Control

60.000.000

of 5

6 Prepaid Rent

12.000.000

Cash Control

12.000.000

7 MOH Control

20.000.000

Cash Control

20.000.000

8 Advertisement Expense

3.000.000

Cash Control

3.000.000

9 Machine

50.000.000

Cash Control

20.000.000

Account Payable

30.000.000

10 MOH Control

40.000.000

Acc. Depreciation - Machine

30.000.000

Acc. Depreciation - Factory

10.000.000

Depreciation Expense

15.000.000

Acc. Depreciation - Adm B

15.000.000


16.000.000


20.000.000


40.000.000


36.000.000


30.000.000


44.000.000

MOH Applied

186.000.000

of 5

12

Finished Goods Inventory - Job 23

89.000.000

WIP Inventory - Job 23

89.000.000


134.000.000


134.000.000


110.000.000


110.000.000


99.000.000


99.000.000

13 MOH Applied

186.000.000

COGS

2.000.000

MOH Control

188.000.000

14 Account Receivable

180.000.000

Sales

180.000.000

Cost of Goods Sold

110.000.000

Finished Goods Inv. - Job 21

110.000.000

Account Receivable

115.000.000

Sales

115.000.000

Cost of Goods Sold

89.000.000


89.000.000

Account Receivable

75.000.000

Sales

75.000.000

Cost of Goods Sold

54.000.000


54.000.000

Account Receivable

125.000.000

Sales

125.000.000

of 5

Cost of Goods Sold

95.000.000


95.000.000

Account Receivable

155.000.000

Sales

155.000.000

Cost of Goods Sold

110.000.000


110.000.000

B The amount of ending WIP Inventory

Direct Mat. Direct Labor FOH

JOB 32

60.000.000

15.000.000 30.000.000

JOB 33

75.000.000

22.000.000 44.000.000

The Amount of Finished Goods Inventory

JOB 28

70.000.000

23.000.000 46.000.000

JOB 31

45.000.000

18.000.000 36.000.000

JOB 26

80.000.000

18.000.000 36.000.000

Actual COGS

460.000.000

C

CEDARWOOD, Inc.

Income Statement

For the Period Ended, November 2011

Revenue 650.000.000

COGS (460.000.000)

Gross Margin 190.000.000

Selling and Adm. Expense Marketing Exp. 45.000.000

Administrative Exp. 75.000.000

Advertising Exp. 3.000.000 Total Selling and Adm.

Exp. 123.000.000

Operating Income (EBIT) 67.000.000

Nomor 2

of 5

A.

FIFO

Flow of Production Equivalent Units

Physical TIC DM CC

WIP, beginning 1.250

Transferred during Period 5.000

To Account for 6.250

Completed and Transferred out

Beginning 1.250

-

1.250

250

Started and Completed 4.000

4.000

4.000

4.000

WIP, ending 1.000

1.000

-

400


5.000

5.250

4.650

Average

Flow of Production Equivalent Units

Physical TIC DM CC

WIP, beginning 1.250

Transferred during Period 5.000


Completed 5.000

5.250

5.250

5.250

WIP, ending 1.000

1.000

-

400


6.250

5.250

5.650

of 5

B.

TPC TIC DM CC

WIP, Beg

Cost Added in Curr. Period 38.060

29.000

-

9.060

TC to Account for 157.600

94.000

25.200

38.400

195.660

123.000

25.200

47.460

Cost added in Curr. Period

94.000

25.200

38.400

Equivalent Units

5.000

5.250

4.650

Cost / Eq. Units

18,80

4,80

8,26

Assignments of Costs

Completed & Transferred out

WIP, Beginning 38.060

29.000

-

9.060

Costs added to Beg. WIP 8.065

-

6.000

2.065

Total from Beg. WIP 46.125

29.000

6.000

11.125

Started and Completed 127.440

75.200

19.200

33.040

Total costs of Unit Compltd 173.565

104.200

25.200

44.165

WIP, Ending 22.104

18.800

-

3.304

TC 195.669

123.000

25.200

47.469

of 5

C Account Debit Credit


25.200

Cash

25.200

Work in Process Inventory

25.200


25.200

Work in Process Inventory

38.400

Cash

38.400

WIP Inventory - Drying and Packaging

94.000

WIP Inventory - Cooking

94.000

Finished Goods Inventory

173.565

WIP Inventory - D &P

173.565

NOMOR 3 Total Production Costs

1. Standard Costing Raw Material : 15.000 x 3 x 20.000 = 900.000.000 Direct Labor : 15.000 x 5 x 16.000 = 1.200.000.000 MOH Rate : 2000 / Direct Labor hours MOH Standard : 15.000 x 5 x 2.000 = 150.000.000 Total cost : 2.250.000.000 Normal Costing Raw Material (Actual) = 882.000.000 Direct Labor = 1.237.500.000 MOH rate : 2000 / Direct Labor Hours MOH Normal : budgeted rate x actual = 2000 X 82.500 = 165.000.000 Total Cost : 2.284.500.000

2 Account Debit Credit


882.000.000

Cash

882.000.000

WIP Inventory

900.000.000

of 5


882.000.000

Raw Material Variance

18.000.000

WIP Inventory

1.200.000.000

Direct Labor Variance

37.500.000

Cash

1.237.500.000

MOH Control

170.000.000

Cash

139.000.000

Accumulated Depreciation

31.000.000

WIP Inventory

150.000.000

MOH Allocated

150.000.000

COGS

20.000.000

MOH Allocated

150.000.000

MOH Control

170.000.000

NOMOR 4 a. Tidak bisa dikerjakan b. Number of setups menjadi pilihan karena memiliki nilai r square yang lebih besar dan deviasi

lebih rendah c. Tidak, Burwood Co. Harus memilih salah satu untuk mengalokasikan setup cost, supaya hasil

yang akurat bisa didapatkan.

uts ab 2011 2012 gasal

Documents