Assignment Assessment Report
Campus: | Chennai | Year/semester | 2010-2012 – II Semester | Level: | ACL II | Assignment Type | Assignment B | Module Name: | Costing MIS & Budgetary Control | Assessor’s Name | Prachi mam | Student’s Name: | B Simanchala Patro | Reqd Submission Date | 15-06-2012 | e-mail id & Mob No | Simanchala.patro777@gmail.com9861634747 | Actual Submission Date | 20-06-2012 | Stream | Business | Submitted to : | Prachi mam |
Certificate by the Student:
Plagiarism is a serious College offence. B Simanchala Patro
I certify that this is my own work. I have referenced all relevant materials.
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Ques 3 : Work out an appropriate cost sheet from the unit cost per passenger km for the year 2006-07 for a fleet of passenger buses run by a Transport Company from the following figures extracted from its books. 5 passenger buses costing Rs.50000, Rs. 120000, Rs. 45000, Rs.55000 and Rs.80000 respectively. Yearly depreciation of vehicles 20% of the cost. Annual repair, maintenance and spare parts – 80% of depreciation. Wages of 10 drivers @ Rs.100 each per month, wages of Rs.20 cleaners @ Rs. 50 each per month. Yearly rate of interest @ 4%on capital. Rent of six garages @ Rs.50 each month. Director’s fees @ Rs.400 per month, office establishment @ Rs.1000 per month, licenses and taxes @ Rs.1000 every six months, realization by sales of old tyres and tubes @ Rs.3200 every six months, 900 passengers were carried over 1600 kms during the year.
Answer-.1 Cost Sheet of Amul Ice Cream | Particulars | Cost per unit | Amount | opening stock | 10.00 | 1,000,000.00 | Raw materials | 3.00 | 300,000.00 | Dry fruits | 2.50 | 250,000.00 | Milk | 3.00 | 300,000.00 | Flavors | 3.50 | 350,000.00 | Other ingredients
Q2. Using budget data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) was allocated to planned production? What was the actual per unit cost of production and shipping?
Competitors in the public buses industry includes GoAhead, Tower Transit and SMRT, all of which operates under the Bus Contracting Model whereby the Land Transport Authority (LTA) determines the bus routes that these buses operate, pays them a fixed fee to do so and retains the fare revenue. As such, SBS Transit will receive a smaller portion of the total fees given that they will be running lesser bus routes as compared to before due to the increased competition. They also ought to continue offering exceptional services to their passengers to stay ahead of the competition and prove to the LTA that they are able to take on more bus routes in
| * All use in compliance with DCC ‘Notes and Guidance on the Use of Minibuses’ and legal requirements * Care always taken in parking in suitable place for disembarkation. * Close supervision and head counts during any breaks in journey and getting in and out of bus.
3. Market research estimates that monthly equipment production could be increased to 3,500 units which is well within production capacity limitations, if the price were cut from $1,580 to $1,400 per unit. Assuming the cost behavior patterns implied by the data in Exhibit 1 are correct, would you recommend that this action be taken? What would be the impact on monthly sales, costs, and income?
In January, Reyes Tool & Dye requisitions raw materials for production as follows: Job 1 $960, Job 2 $1,630, Job 3 $720, and general factory use $680. During January, time tickets show that the factory labor of $6,100 was used as follows: Job 1 $1,570, Job 2 $1,940 Job 3 $1,670, and general factory use $920. Prepare the job cost sheets for each of the three jobs. (If answer is zero, please enter 0, do not leave any fields blank.) Job 1 Date 1/31 1/31 Direct Materials 960 0 Job 2 Date 1/31 1/31 Direct Materials 1630 0 Job 3 Date 1/31 1/31 Direct Materials 720 0 0 1670 Direct Labor 0 1,940 Direct Labor 0 1570 Direct Labor
A. The table below lists each category and states whether the cost is relevant, if it is an implicit or explicit cost, and if the cost has been properly calculated (note: company is currently operating at 65% capacity).
1. Tutti’s Sandwich Shop has the following information regarding costs at various levels of monthly sales. Help Tutti separate her costs into fixed costs and variable costs so that she can predict and evaluate costs at varying levels of guests served.
3) Using the budget Data, what was the total expected cost per unit if all manufacturing and shipping overhead (both variable and fixed) were allocate to planned production? What was the actual cost per unit of production and shipping?
4. Use the following schedule to compute the total indirect cost allocated to each customer line (show your computations beside the activity description)
We will examine the given data from the case and compare the unit costs from the company’s current costing system (traditional costing) and from activity-based costing. We will also highlight other qualitative data in consideration with the numerical factors that may result to a significant change on our recommendation.
Correct the EOQ and ROP quantities for each of the five items mentioned in the case.
(Refer to original data.) Fuel cost is a significant variable cost to any railway. If crude oil increases by $ 20 per barrel, it is estimated that variable cost per passenger will rise to $ 90. What will be the new break-even point in passengers and in number of passenger train cars? Then, proceed to compute number of passengers =?
We have observed that the lowest expected value of total costs is achieved at 427 and 133 accepted reservations for economy and business respectively. The comparison of current policy against new policy can be found in table
There was a reduction of transportation cost of 9% to € 0.29 per item. With a demand of 4065 units per week, they have a cost reduction of €6,062.65 per year.