uts ab 2011 2012 gasal
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MOJAKOE
Akuntansi Biaya
Dilarang Memperbanyak Mojakoe ini tanpa seijin SPA FEUI
Mojakoe dapat didownload di www.spa-feui.com
Fb: SPA FEUI Twitter: @spafeui
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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
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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
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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
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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)
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(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
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Work in Process Inventory - Job 31
45.000.000
Work in Process Inventory - Job 32
60.000.000
Work in Process Inventory - Job 33
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
4 Work in Process Inventory - Job 23
8.000.000
Work in Process Inventory - Job 26
10.000.000
Work in Process Inventory - Job 30
20.000.000
Work in Process Inventory - Job 31
18.000.000
Work in Process Inventory - Job 32
15.000.000
Work in Process Inventory - Job 33
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
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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
11 Work in Process Inventory - Job 23
16.000.000
Work in Process Inventory - Job 26
20.000.000
Work in Process Inventory - Job 30
40.000.000
Work in Process Inventory - Job 31
36.000.000
Work in Process Inventory - Job 32
30.000.000
Work in Process Inventory - Job 33
44.000.000
MOH Applied
186.000.000
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12
Finished Goods Inventory - Job 23
89.000.000
WIP Inventory - Job 23
89.000.000
Finished Goods Inventory - Job 26
134.000.000
WIP Inventory - Job 26
134.000.000
Finished Goods Inventory - Job 30
110.000.000
WIP Inventory - Job 30
110.000.000
Finished Goods Inventory - Job 31
99.000.000
WIP Inventory - Job 31
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
Finished Goods Inv. - Job 23
89.000.000
Account Receivable
75.000.000
Sales
75.000.000
Cost of Goods Sold
54.000.000
Finished Goods Inv. - Job 24
54.000.000
Account Receivable
125.000.000
Sales
125.000.000
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Cost of Goods Sold
95.000.000
Finished Goods Inv. - Job 25
95.000.000
Account Receivable
155.000.000
Sales
155.000.000
Cost of Goods Sold
110.000.000
Finished Goods Inv. - Job 30
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
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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
To Account for 6.250
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
To Account for 6.250
Completed 5.000
5.250
5.250
5.250
WIP, ending 1.000
1.000
-
400
To Account for 6.250
6.250
5.250
5.650
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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
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C Account Debit Credit
Raw Material Inventory
25.200
Cash
25.200
Work in Process Inventory
25.200
Raw Material Inventory
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
Raw Material Inventory
882.000.000
Cash
882.000.000
WIP Inventory
900.000.000
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Raw Material Inventory
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.