SULIT KAL1013 PEPERIKSAAN AKHIR TER APRIL SES! 2009/2010 _ +KALI013 /PERAKAUNAN PERNIAGAAN 18 OGOS2009{SABTU) £23050 PETANG (3 JAM) ila Bahasa Mela dan Bahasa inggeis. sleep Ba 46) Soalan dalam ENAM BELAS {16) halaman’bercetak, tidak temasuKhulthadapan. untukimetijawab‘SEMUA S0alan di dalam eras jawapan yang disediakan, ja Fioracjonausas amauienanos sd lam Kertasjawapen 3 ‘Seberang kev eta sodan dain Bcose Mea ton ‘Bahasa inggeris, soalan dalam Bahasa inggeris akan ‘Ts question pperi propos ay din he Eg terguage. “This book scrip contains SK (6) questions in SUCTEEN (16) pinted pages, excidng the cover pane. provided ‘Any discrepancy between: in English and Malay, the English version wilbe assumed 5 INSICERE OF ACADEMIC RULES ARE APPLIED IN THIS LAMINATION: (dengan perkataan) | NO. KAD PENGENALAN: | NAMA PENSYARAH: KUMPULAN: C] NO. MEJA: JANGAN BUKA KERTAS SOALAN INI SEHINGGA DIBERI ARAHAN SULITQUESTION 1 (20 MARKS: 36 MINUTES) Listed below are the account balances of Shaz Sdn Bhd as at 1 July 2009. RM Cash 8,000 Accounts receivable 15,500 ‘Merchandise inventory 22,750 Office equipment 36,000 Accumulated depreciation — office equipment 8,500 Accounts payable 24,750 ‘Shaz, capital 52,000 The following transactions were completed during the month of July 2009: July 2 1B 15 21 24 28 Sold merchandise inventory to Fareez Sdn Bhd amounting to RM18,000 under credit terms 5/15, 1/30, FOB shipping point. The cost of merchandise sold was RM11,000 and the transportation cost was RM8S0. Accounts payable amounting to RM7,500 were paid and received 5% discount. Received damaged merchandise from Fareez Sdn Bhd for a total of RM1,080. The cost of merchandise returned was RM800. Purchase merchandise inventory from Sun Distributors Enterprise amounting to RMI14,000 under credit terms of 2/10, n/30, FOB destination. The transportation cost was RM880. Returned to Sun Distributors Enterprise damaged merchandise amounting to RM3,650. Received payment from Fareez Sdn Bhd for sales made on 2 July. ‘Made full payment to Sun Distributors Enterprise. Purchase merchandise inventory from Reez Sdn Bhd, RMI15,500, FOB shipping point, terms 3/30, n/30. The purchase price included freight cost of RMES0. Paid salaries amounting to RM2,500 to the employees. Additional information 1. Depreciation for office equipment is RM350 per month. 2. The office rent for the month of December was RM2,500. REQUIRED: {@) Prepare the joumal entries to record the above transactions and adjustment. (Explanations are NOT required) (7 Marks)@) © Prepare the income statement for the month ended 31 July 2009 and the balance sheet as at 31 July 2009 for Shaz Sdn Bhd. (9 Marks) Briefly explain TWO (2) differences in terms of definition and accounting treatment for each term: @ FOB Shipping Point (i) FOB Destination (G4 Marks)SOALAN 1 (20 MARKAH: 36 MINIT) ‘Senarai di bawah adalah baki akaun Shaz Sdn Bhd pada 1 Julai 2009. RM Tunai 8,000 Akaun belum terima 15,500 Inventori 22,750 Kelengkapan pejabat 36,000 Susutnilai terkumpul ~ kelengkapan pejabat 8,500 Akaun belum bayar 21,750 Shaz, modal 52,000 Berikut adalah transaksi yang disempurnakan dalam bulan Julai 2009: Julai 2 Menjual inventori kepada Fareez Sdn Bhd berjumlah RMI8,000 secara kredit dengan terma 5/15, n/30, FOB titik perkapalan. Kos barangan dijual adalah RM11,000 dan kos pengangkutan adalah RM850. 4 Akaun belum bayar berjumlah RM7,500 telah dibayar dan menerima 5% diskaun. 5 Menerima barangan yang rosak dari Fareez Sdn Bhd berjumlah RM1,080. Kos barangan yang dipulangkan adalah RM800. 9 Membeli inventori dari Sun Distributors Enterprise berjumlah RM14,000 dengan terma kredit iaitu 2/10, n/30, FOB destinasi. Kos pengangkutan adalah RM880. 13 Memulangkan barangan rosak kepada Sun Distributors Enterprise berjumlah RM3,650. 15. Menerima bayaran dari Fareez Sdn Bhd bagi jualan yang dibuat pada 2 Sila. 21 Membuat bayaran penuh kepada Sun Distributors Enterprise. 24 Membeli inventori dari Reez Sdn Bhd, RM15,500, FOB titik perkapalan, terma 3/30, n/30. Harga belian tersebut termasuk kos angkutan iaitu RM850. 28 Membayar gaji berjumlah RM2,500 kepada pekerja-pekerja, Maklumat tambahan: 1 Susutnilai bagi kelengkapan pejabat ialah RM350 sebulan. 2. Sewa pejabat bagi bulan Disember adalah RM2,500. DIKEHENDAKI: (a) — Sediakan catatan jurnal untuk merekod urusniaga dan pelarasan di atas. (Penerangan TIDAK diperlukan) (7 Markah)(@) o Sediakan penyata pendapatan bagi bulan berakhir 31 Julai 2009 dan tembaran imbangan pada 31 Julai 2009 untuk Shaz Sdn Bhd. (9 Markah) Terangkan secara ringkas DUA (2) perbezaan dari segi definasi dan layanan perakaunan bagi setiap terma berikut: () FOB titik perkapalan (i) FOB destinasi (4 Markah)QUESTION 2 (15 MARKS: 27 MINUTES) Sharifah Faliza started a beauty salon (F’Shaz Beauty Sdn Bhd) in Pulau Pinang after completing her diploma at Neo Image Institute, Singapore. F’Shaz Beauty Sdn Bhd has. been in operation since 2004 and its accounting period ends 31 December every year. The summarized financial statements of F’Shaz Beauty Sdn Bhd for the year ended 31 December are as follows: F'Shaz Beauty Sdn Bhd Income Statement for the years ended 31 December 2007 and 2008 2008 2007 RM) RM) Net sales 350,000 310,000 () Cost of good sold __(257,500)___(227,000) Gross profit 92,500 83,000 (-) Operating expenses (73,000) (64,200) Net profit 19,500 18,800 F’Shaz Beauty Sdn Bhd Balance Sheet as at 31 December 2007 and 2008 2008 2007 _ (RM) ) Assets Cash 15,500 14,000 Account receivable 51,000 42,000 Inventory 47,000 40,000 Building 150,000 120,000 Machinery 90,000 70,000 Total assets 53,500 286,000 Liabilities and owner’s equity Current liabilities 72,500 70,000 Long-term liabilities 80,000 45,000 Owner's equity 85,500 66,000 Retained earnings _115,500 105,000 ‘Total liabilities and owner’s equity 353,500 286,000Additional information: 1. Ending inventory as at 31 December 2006 is RM39,000. 2. Total assets as at 31 December 2006 are RM372,000, REQUIRED: (@) Prepare horizontal analysis on income statement for F’Shaz Beauty Sdn Bhd. (5 Marks) (>) Compute the following ratios for the year 2007 and 2008 (state the formula): @ Quick ratio (i) Inventory tumover (iii) Retum on asset (iv) Debtto asset ratio (10 Marks)SOALAN 2 (15 MARKAH: 27 MINIT) Sharifah Faliza memulakan sebuah salun kecantikan (F 'Shaz Beauty Sdn Bhd) di Pulau Pinang selepas menamatkan diploma beliau di Institut Neo Image, Singapura. F'Shaz Beauty Sdn Bhd telah beroperasi sejak 2004 dan tempoh perakaunannya berakhir pada 31 Disember setiap tahun. Ringkasan penyata pendapatan F'Shaz Beauty Sdn Bhd bagi tahun berakhir 31 Disember adalah seperti berikut: F'Shaz Beauty Sdn Bhd Penyata Pendapatan bagi tahun berakhir 31 Disember 2007 dan 2008 2008 2007 (RM) (RM) Jualan bersih 350,000 310,000 (-) Kos barang dijual (257,500) Untung kasar 92,500 (-) Belanja operasi (73,000) Unsung bersih 19,500 F’Shaz Beauty Sdn Bhd Lembaran Imbangan pada 31 Disember 2007 dan 2008 2008 2007 QM RM) Aset Tunai 15,500 14,000 Akeun belum terima 51,000 42,000 Inventori 47,000 40,000 Bangunan 150,000 120,000 Mesin 90,000 70,000 Jumlah aset 353,500 286,000. Liabiliti dan ekuiti pemilik Liabiliti semasa 72,500 70,000 Liabiliti jangka panjang $0,000 45,000 Ekuiti pemilik 85,500 66,000 -Pendapatan tertahan 115,500 105,000 Jumlah liabiliti dan ekuiti pemilik 286,000Maklumat tambahan: J. Inventori akhir pada 31 Disember 2006 ialah RM39, 000. 2, Jumlah aset pada 31 Disember 2006 ialah RM372,000. DIKEHENDAKI: (a) Sediakan analisis mendatar untuk penyata pendapatan bagi F’Shaz Beauty Sdn Bhd. (5 Markah) () Kira nisbah-nisbah berikut bagi tahun 2007 dan 2008 (nyatakan formula): ()— Nisbah cepat (ii) Pusing-ganti inventori (iii) Pulangan ke atas aset (iv) Nisbah hutang ke atas aset (10 Markah)QUESTION 3 (15 MARKS: 27 MINUTES) ‘The following are the accounting data of MFS Manufacturing for the year ended 31 December 2008: Sales revenue’ 380,000 Administrative expense 14,000 Factory supervisor's salaries 43,000 Factory insurance 45,000 Indirect material 55,000 Indirect labor 11,000 Direct labor 176,000 Depreciation — factory equipment 21,000 Depreciation — office equipment 8,000 Utilities expense 11,000 Sales discount 8,000 Advertising expense 10,000 Direct material inventory 1 January 66,000 Direct material inventory 31 December 88,000 Work in process inventory | January 55,000 Work in process inventory 31 December 44,000 Finished goods inventory 1 January 33,000 Finished goods inventory 31 December 22,000 Direct material bought during the year 179,000 Additional information: 1. Factory insurance that was bought on 30 September 2008 is for one year. 2. 45% of the utilities expense is for administrative purposes. REQUIRED: (a) Prepare the Statement of Cost of Goods Manufactured for the year ended 31 December 2008 for MFS Manufacturing. (8 Marks) (b) Prepare the Income Statement for the year ended 31 December 2008. (7 Marks)SOALAN 3 (15 MARKAH: 27 MINIT) Berikut adalah data perakaunan Syarikat Perkilangan MFS bagi tahun berakhir 31 Disember 2008: RM. Fasil jualan $80,000 Belanja pentadbiran 14,000 Gaji penyelia kilang 43,000 Insurans kilang 45,000 Bahan tidak langsung 55,000 Buruh thdak langsung 11,000 Buruk langsung 176,000 Susutnilai —peratatan kilang 21,000 ‘Susutnilai — peralatan pejabat 6,000 Belanja utiliti 11,000 Diskaun jualan 8,000 Belanja pengiklanan 10,000 Inventor bahan langsung } Januari 66,000 Inventori bahan langsung 31 Disember 88,000 Inventori kerja dalam proses ] Januari 55,000 Inventori kerja dalam proses 3] Disember 44,000 Inventori barangsiap 1 Januari 33,000 Inventori barangsiap 31 Disember 22,000 Bahan langsung yang dibeli sepanjang tahun 179,000 Maklumat tambahan: 1. __Insurans kilang telah dibeli pada 30 September 2008 bagi tempoh satu tahun. 2 45% daripada belanja utilitt adalah untuk kegunaan pentadbtran. DIKEHENDAKI: (@) — Sediakan Penyata Kos Barangan Dikilang untuk Syarikat Perkilangan MFS bagi tahun berakhir 31 Disember 2008. (8 Markak) () — Sediakan Penyata Pendapatan bagi tahun berakhir 31 Disember 2008, (7 Markah) 30QUESTION 4 (18 MARKS: 32 MINUTES) Fairuz runs a coconut water stall opposite of Public Bank in Kulim, Kedah. The business daily fixed costs are RM20. Its variable costs are RM1 per glass of ice-cold, refreshing, coconut water. Fairuz sells an average of 100 glasses per day. REQUIRED: (@) Calculate the following using the contribution margin approach: is The price Fairuz would have to charge per glass, in order to generate profits of RM100 per day? (4 Marks) ii The price Fairuz would have to charge per glass, in order to generate a total contribution margin of RM100 per day? (3 Marks) iii Assume that Fairuz wants to charge RM2.40 per glass of coconut water, and at this price, Fairuz can sell 120 glasses of coconut water daily. Calculate the variable cost per glass, in order to generate profits of RM160 per day? (4 Marks) iv- Assume that the daily fixed costs are RM25 and Fairuz wants to charge RM2.25 per glass of coconut water. Calculate the number of glasses of coconut water need to be sold in order to generate profits of RM180 per day? (5 Marks) () Give TWO (2) usage of cost-volume-profit analysis (2 Marks) oTSOALAN 4 (18 MARKAH: 32 MINIT) Fairuz berniaga gerai air kelapa bertentangan dengan Public Bank di Kulim, Kedah. Kos tetap harian perniagaan tersebut ialah RM20. Kos berubahnya pula sebanyak RM1 untuk segelas air kelapa ais yang menyegarkan, Secara purata Fairuz menjual 100 gelas sehari. DIKEHENDAKE: @ @) Kira yang berikut menggunakan pendekatan margin sumbangan. bE iii- ae Berapa harga segelas yang Fairuz perlu kenakan untuk memperolehi euntungan sebanyak RM100 sehari? (4 Markah) Berapa harga segelas yang Fairuz perlu kenakan untuk memperolehi jumlah margin sumbangan sebanyak RM100 sehari? (3 Markah) Andaikan Fairuz hendak mengenakan harga RM2.40 untuk segelas air kelapa, dan pada harga ini, Faire boleh menjual 120 gelas air kelapa sehari. Kira kos berubah segelas untuk memperolehi keuntungan sebanyak RM160 sehari? (4 Markah) Andaikan kos tetap sehari ialah RM25 dan Fairuz hendak mengenakan harga RM2.25 untuk segelas air kelapa. Kira berapa gelas air kelapa yang perlu dijual untuk memperolehi keuntungan sebanyak RM180 ‘sehari? ( Markah) Berikan DUA (2} penggunaan analisa kos-volum-untung (2 Markah)QUESTION 5 (20 MARKS: 36 MINUTES) MFS Sn Bhd, a wholesaler of chocolate cake, has projected the following sales for the specified months in 2009: Months __Projected sales (RM) January 45,000, February 55,000 March 65,000 April 75,000 The business expects to sell 10% of its merchandise for cash. Of sales on account, 50% are expected to be collected in the month of the sale, 35% in the month following the sale and the remainder in the second month following the sale. The sales on November and December 2008 were RM25,000 and RM35,000 respectively. Several policies regarding purchases and inventory had been adopted by the business. At the end of each month, the inventory should be RMS,000 plus 50% of the cost of goods sold during the following month. The cost of goods sold is 55% of monthly sales. Purchases are paid as follows: 40% during that month and 60% during the following month. The inventory on 31 December 2008 was RM17,375. Purchases in December had been RM22,000. REQUIRED: (a) Prepare a schedule of cash collection from sales for the months of January, February and March 2009, (8 Marks) (b) Prepare purchases budget for the months of January, February and March 2009. (8 Marks) (c) Prepare a schedule of payments for all purchases made in the months of January, February and March 2009. (4 Marks) 13SOALAN 5 (20 MARKAH: 36 MINIT) MFS Sdn Bhd, pemborong kek coklat, telah menganggarkan jualan bagi butan-bulan berikut dalam 2009: Bulan inggaran jualan Januari 45,000 Februari 55,000 Mac 65,000 April 75,000 Perniagaan menjangka akan menjual 10% dari barangannya secara tunai. Dari jualan secara akaun, 50% dijangka akan dikutip dalam bulan yang dijual, 35% dalam bulan selepas jualan dan bakinya dalam bulan kedua selepas jualan, Jualan bagi bulan November dan Disember 2008 adalah RM25,000 dan RM35,000 masing-masing. Beberapa polisi berkaitan belian dan inventori telah digunapakai oleh perniagaan tersebut. Pada setiap akhir bulan, inventori sepatutnya RM5,000 ditambah 50% dari kos barang dijual dari bulan berikumya. Kos barang dijual ialah 55% dari jualan bulan tersebut, Bayaran bagi belian adalah seperti berikut: 40% dalam bulan tersebut dan 60% dalam bulan berikunya. Inventori pada 31 Disember 2008 adalak RMIT,375. Belian dalam bulan Disember adalah RM22,000, DIKEHENDAKI: (@) — Sediakan jadual kutipan tunai untuk jualan bagi bulan Januari, Februari dan Mac 2009. (8 Markah) (b) — Sediakan belanjawan belian bagi bulan Januari, Februari and Mac 2009. (8 Markah) (o) — Sediakan jadyal pembayaran bagi semua belian dibuat dalam bulan Januari, Februari dan Mac 2009, (4 Markah) 14QUESTION 6 (12 MARKS: 22 MINUTES) Pop-Paper Bags Manufacturer produces wide range of paper bags. The actual and standard costs of production for the month of January 2009 are as follows: Standard Quantity Standard ‘Actual ‘Actual per unit Price Quantity Price Direct Material akg RM4 2.5 kp RM3.70 2,500 kg of materials were used to make 1,000 paper bags. ‘Standard labor Standard Actual labor Actual rate hours rate hours Direct Labor 1.6 hrs RM 1.8 hrs RMI0.40 The number of hours used to produce 1,000 paper bags is 1,800 direct labor hours at the total labor cost of RM18,880. REQUIRED: (a) —_Caloulate the following variances and state whether favorable or unfavorable (show all working) i+ Direct materials price variance (2.5 Marks) ii, Direct materials quantity variance (2:5 Marks) iii- Direct labor hour variance (2.5 Marks) iv- Direct labor rate variance (2.5 Marks) (0) Give TWO (2) benefits of using standard costs. (2 Marks) 15SOALAN 6 (12 MARKS: 22 MINIT) Pop-Paper Bags Manufacturer mengeluarkan pelbagai jenis beg kertas. Kos sebenar dan standad bagi pengeluaran dalam bulan Januari 2009 adalah seperti berikut: ‘Kuantiti standad Harga ‘Kuantiti Harga seunit standad sebenar sebenar Bahan _langsuns akg RMA 2.5 ke RM3.70 2,500 kg dari bahan digunakan untuk membuat 1,000 beg kertas. ‘Masa standad buruh Kadar Masasebenar Kadar standad uruk sebenar Buruh 7.6 jam ‘RMIO 7.8 jam ‘RM10.40 langsung Masa yang diperlukan untuk mengeluarkan 1,000 beg kertas ialah 1,800 masa buruh langsung pada kos berjumlak RMI8,880. DIKEHENDAKI: (a) Kiravarians-varians berikut dan nyatakan sama ada memuaskan atau tidak memuaskan (tunjuk semua pengiraan): #& —— Varians harga bahan langsung (2.5 Markah) ii, Varians kuantiti bahan langsung (2.5 Markah) iii Varians kadar burwhk tangsung (2.5 Markah) ive Varians kecekapan buruh langsung (2.5 Markah) (&) —Berikan DUA (2) kebaikan menggunakan kos piawai. (2 Markah) -- END OF QUESTION — ~- SOALAN TAMAT ~ 16