SOAL LATIHAN CHAPTER 18
ASISTENSI COST ACCOUNTING
UNIVERSITAS BAKRIE
1. 18-16
The following data, in physical units, describe a grinding process for January :
WIP, beginning 19,000
Started during current period 150,000
To account for 169,000
Spoiled units 12,000
Good units completed and transferred out 132,000
WIP,ending 25,000
Accounted for 169,000
Inspection occurs at the 100% completion stage. Normal spoilage is 5 % of the good units passing inspection.
1. Compute the normal and abnormal spoilage in units.
2. Assume that the equivalent-unit cost of a spoiled unit is $10.Compute the amount of potential savings if all spoilage were eliminated, assuming that all other costs would be
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Physical Units
Work in process, December 31, 2009a 4400
Work in process, September 1, 2010b 5000
Started in September 2010 ?
Good units completed & transferred out during September 2010 37000
Normal Spoilage 2000
Abnormal Spoilage 500
Work in process, September 30, 2010c 6500
a Degree of completion: direct material 100%; coversion cost 60% b Degree of completion: direct material 100%; coversion cost 50% c Degree of completion: direct material 100%; coversion cost 40%
Hitunglah equivalent unit untuk direct material dan conversion costs. 9. 18-20 10. The Texas Tanning Company produces leather from animal hides. Relevant information for the Tanning Department is provided in Exhibit 5-12. The materials, (raw hides) are added at the beginning of the process where they are hung on racks and dipped in a tanning solution. The inspection point is at the end of the process when the hides are removed from the solution. Spoilage up to five percent of the good completed units (leather hides) is considered normal. Any spoilage above this level is considered abnormal. For convenience, all spoilage is assumed to come from the units started during the period and have a disposal value of $2 per unit.
11. 18-23 12. In the Atyra Furniture, 7 chair parts out of a job lot of 63 chair parts are spoiled. Costs assigned prior to the inspection point are $700 per part. Spoiled goods are
According to Epstein and Buhovac, (2014), costing system is a process designed to monitor the costs incurred in a certain business. Costing systems are meant to advise the management on how to choose the most appropriate course of action with cost efficiency and capability. According to Cardinaels and Labro (2009) costing system provides detailed cost information needed by management needs to control current operations with the aim of improving the future. Below are some of the costing systems that are common to many organizations (Epstein & Buhovac, 2014).
2. Refer to the above table to answer this question. Suppose that Mia has a budget of $7 and the price of a litre of soya milk is $1, what is the maximum quantity that Mia might purchase?
Another way to look at the relevant cost savings is by looking at the savings incurred as a result of
“Financial accounting provides information used primarily by investors, creditors, and others outside a business; whereas, managerial accounting focuses on information used by executives, managers, and employees who work inside the business (Edmonds, Olds, & Tsay, 2008, p.4). In the Businessweek article, The Costco Way, there are examples of financial and managerial accounting for Costco. While they are similar in some of the information they use, there are more differences between the two. The article discusses Wall Street’s concern with Costco being able to maintain profit gain. However, Costco’s strategic plan of compensating their employees turns out to be working in their favor, as demonstrated by the “$34 billion in sales with lesser employees” (Holmes & Zellner, 2004). In my opinion, not only do the numbers demonstrate how motivating higher wages are, but the fact that they achieved this feat with lesser employees means those employees are much motivated to help reach the organizational goals. The annual operating profit mentioned in the article is an example of financial accounting. Financial information provided aids in investors making decisions of whether or not to invest or buy stock in a company based on historical trends of the company.
9. Discuss the concept of electing § 179 expense. Does the election allow a larger expense deduction in the year of asset acquisition?
This memo highlights segmented reporting and the variable approach to preparing income statements. Segmental reporting is necessary since there is a need to understand the cost data for each section. Proper cost allocation is critical to preparing the income statements, while it is also easier to identify the costs that are common and not attributable to any specific segment. Typically, the management analyzes the cost behavior by making the assumption that the total costs change occur because of change in level of a single activity (Slideshare, n.d.). The variable costing
I understand that you are concerning about the one (1) unit that was Disposed of, one (1) unit Damaged at fulfillment center and ten (10) units marked as Damaged - miscellaneous.
Cost accounting is a type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance (Cost Accounting, n.d.).
* Understanding the limits of product sampling and inspection methods, especially for a product that is destroyed by the inspection process itself
Would factory security and assembly activities be best classified at an appliance manufacturing plant as unit-level, batch-level, product-level, or organization-sustaining?
The board of directors of the Cortez Beach Yacht Club (CBYC) is developing plans to acquire more equipment for lessons and rentals and to expand club facilities. The board plans to purchase about $50,000 of new equipment each year and wants to begin a fund to purchase a $600,000 piece of property for club expansion.
Cost Accounting: Its role and ethical considerations Introduction: Accounting is the process of identifying, measuring, and communicating economic information about an entity for the purpose of making decisions and informed judgements. The major areas of within the accounting are: Financial Accounting, Managerial Accounting/Cost Accounting and Auditing- Public Accounting Managerial accounting is concerned with the use of economic and financial information to plan and control the activities of an entity and to support the management in planning and decision-making process. Cost accounting is the subset of managerial accounting and it helps management in determination and accumulation of product, process or service cost.
Qualitative cost estimation techniques are based on a comparison analysis of a new product with the products that have been manufactured previously in order to identify the similarities in the new one. Cost estimation for product similar to a past design is done by identifying similarities between old and new product with the help of historical design, manufacturing data and previous experience of an estimator. Sometimes, cost estimation can be achieved by making use of the past design and manufacturing knowledge encapsulated in a system based on rules, decision trees, etc.
Erin should notify Smart Worx of the postponement as it is consistent with ethical principles of integrity and professional competence. As Erin is complying with these codes of ethics, she has nothing to lose or suffer as she followed the guidelines of the code and therefore cannot be
La empresa de energía eléctrica del gobierno de la provincia de Notario (Canadá) tiene una mina de carbón en la región de Oshawa que produce carbón para su uso en la central térmica de Oshawa-Ontario (“carbón térmico”) y por empresas metalúrgicas (“carbón metalúrgico”). El proceso de producción incluye la extracción y transporte del carbón a la planta; en la planta se limpian y separan los dos tipos de carbón para ser despachados por tren tanto a la central térmica como a la acería. Las operaciones de extracción están integradas con la planta procesadora de carbón No se preparan informes separados para la mina y la planta ni para los dos tipos de carbón que se producen. Por otro lado, durante años se ha dado