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CONFIDENTIAL

UNIVERSITI KUALA LUMPUR BUSINESS SCHOOL

FINAL EXAMINATION
SEPTEMBER 2013 SEMESTER

SUBJECT CODE

:

EAB10603

SUBJECT TITLE

:

MANAGEMENT ACCOUNTING 1

LEVEL

:

BACHELOR

TIME / DURATION

:

2:00 – 5:00 PM / 3 HOURS

DATE

:

12TH JANUARY 2014

INSTRUCTIONS TO CANDIDATES

1. Please read the instructions given in the question paper CAREFULLY.
2. This question paper is printed on both sides of the paper.
3. This question paper consists of TWO (2) sections; Section A and section B. Answer ALL questions. 4. Please write your answers on the answer booklet provided.
5. This question paper must not be removed from the examination hall.

THERE ARE FIVE (5) PAGES OF QUESTIONS,
…show more content…
(6 marks)

D. What is the major limitation of the high-low method?
(6 marks)
[20 marks]

EAB10603_Management Accounting 1

3

CONFIDENTIAL
Question 3

Genesis Wheels manufactures spoked and solid bicycle wheels. The company relies on an activity based costing system. The following information has been provided for the cost pools: cost Pool machine setup assembly / Polish inspection activity setup labor hours inspections total production

activity rate
RM 180
RM 4
RM 20

spoked
200
40,000
100

solid
800
30,000
1,100

10,000

10,000

Required:
A. Determine the total overhead cost assigned to each product.
(6 marks)

B. Determine the overhead cost per unit for each product.
(6 marks)

C. If Genesis produces 30% of the spoked wheels and 20% of the solid wheels during the second quarter, how much overhead will be applied to work-in process?
(8 marks)
[20 marks]

EAB10603_Management Accounting 1

4

CONFIDENTIAL
Question 4

Alif Coffee Manufacturer produces three products at a joint manufacturing cost of
RM1,250,000. The following information has been provided: product volume
25,000

further processing cost
(RM)
750,000

selling price per unit
(RM)
40

A
B
C

40,000
35,000

750,000
210,000

50
20

Required:

A. Distinguish between a joint product and a by-product.
(6 marks)

B. Allocate the joint costs using the constant gross margin percentage method.
(14 marks)
[20
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