管理会计作业Homework [Dec 21]

Beijing Normal University, Zhuhai
Management Accounting Homework

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Beijing Normal University, Zhuhai
Management Accounting
Homework

Instruction to students:
1) You should submit the homework on December 21, 2011 (Wednesday) directly to
me during the lecture meeting.
2) The homework must be submitted either by writing on paper or type on computer
and print it out.
3) Please write clearly your name, student number, and the class you registered on the
left top corner of the submitted homework.
4) Answer ALL questions.
5) Write clearly the question number you are answering.
6) You are required to write clearly the steps involved to arrive at your final answers.
Marks are allocated to the steps in developing the answer.

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Question 1
Brightside Limited makes and sells only 2 products, PS and PT, the unit selling
prices being $24.00 and $50.00 respectively. The products are made using the same
production facilities. Variable costs are $16.80 for PS and $30.00 for PT. Fixed
costs are budgeted as $129,600 for the year. Annual production and sales are
budgeted as 5,000 units of PS and 5,600 units of PT.

Required
Calculate the break-even point in sales value in total and for each product for the
budget year. (20 marks)
Beijing Normal University, Zhuhai
Management Accounting Homework

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Question 2
Hawkins Limited makes 2 products, Model T and Model S, in one department. Selling
prices are $110 per unit of Model T and $160 per unit of Model S. The budgeted
production and sales units for 2011 are 2,000 units of Model T and 800 units of Model
S, and there were no stocks of either product at the beginning of 2011.
Material costs are expected to be $25 and $40 for a unit of Model T and Model S
respectively. Production hours for one unit are 4 hours and 6 hours for Model T and
Model S respectively. Direct workers are paid $9.00 per hour, and budgeted overheads
for 2011 are:

$
Variable overheads
47,360

Fixed overheads
87,040

134,400

Required
(a) Calculate the budgeted overhead absorption rate per direct labour hour for 2011.
(4 marks)
(b) Prepare a product cost for (i) one unit of Model T, and (ii) one unit of Model S.
(12 marks)
(c) Calculate the budgeted variable overhead absorption rate per direct labour hour for
2011. (2 marks)
(d) For (i) one unit of Model T, and (ii) one unit of Model S, prepare a product cost to
show the variable cost and contribution. (16 marks)
(e) Calculate the budgeted total contribution made by each product, and the budgeted
profit for the company. (6 marks)
Beijing Normal University, Zhuhai
Management Accounting Homework

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Question 3
Opshon Ltd commenced business on 1 January 2011 to produce a special type of
portable polishing machine. The budget was to make and sell 25,000 machines during
each quarter, giving the following budgeted profit and loss account:

$$
Sales750,000
Less:Production cost of sales
Direct materials275,000
Direct labour75,000
Variable factory overheads50,000
Fixed factory overheads100,000 500,000
Production profit250,000
Less:Fixed selling and administration overheads160,000
Net profit90,000

During the quarter ended 31 March 2011, 24,500 machines were made and 22,800 were
sold at the budgeted selling price. Actual costs were incurred on the same basis as the
budgeted cost structure.

Required
Prepare separate profit and loss accounts for the quarter ended 31 March 2011:
(a) using absorption costing (20 marks)
(b) using marginal costing (20 marks)