TUGAS KASUS AKUNTANSI MANAJEMEN

OLEH
: NI PUTU DESY RATNA DEWI
NIM
: 1591661044
NO ABSEN : 29

KASUS 10 15
Raddington Industries produces tool and die machinery for manufacturers. The company
expanded vertically in 2009 by acquiring one of its suppliers of alloy steel plates, Reigis Steel
Company. To manage the two separate businesses, the operations of Reigis are reported
separately as an investment center. Raddington monitors its divisions on the basis of both unit
contribution and return on average investment (ROI), with investment defined as average
operating assets employed. Management bonuses are determined on ROI. All investments in
operating assets are expected to earn a minimum return of 11 percent before income taxes.
Reigiss cost of goods sold is considered to be entirely variable, while the divisions
administrative expenses are not dependent on volume. Selling expenses are a mixed cost with
40 percent attributed to sales volume. Reigis contemplated a capital acquisition with an
estimated ROI of 11.5 percent; however, division management decided against the investment
because it believed that the investment would decrease Reigiss overall ROI. The 2010
operating statement for Reigis follows. The divisions operating assets employed were
$15,750,000 at November 30, 2010, a 5 percent increase over the 2009 year-end balance.
Reigis Steel Company
Operating Statement
For the Year Ended November 30, 2010
(In thousands)

Sales Revenue

$ 25.000

Less Expense:
Cost of goods sold

$ 16.500

Administrative expenses

$ 3.955

Selling expenses

$ 2.700

Operating income before income tax

$ 23.155
$ 1.845

Required:
1. Calculate the unit contribution margin for Reigis Steel Company if 1,484,000 units
were produced and sold during the year ended November 30, 2010. (Hint:
Contribution margin is the difference between the selling price and variable costs).
2. Calculate the following performance measures for 2010 for Reigis Steel Company:
a. Pretax return on average investment in operating assets employed (ROI).
b. Residual income calculated on the basis of average operating assets employed.
3. Explain why the management of Reigis Steel Company would have been more likely
to accept the contemplated capital acquisition if residual income rather than ROI were
used as a performance measure.
4. Reigis Steel Company is a separate investment center within Raddington Industries.
Identify several items that Reigis should control if it is to be evaluated fairly by either
the ROI or residual income performance measures. (CMA adapted)
Answer
SOAL 1
Reigis Steel Company
Unit Contribution Margin
For the Year Ended November 30, 2015
Sales revenue...........................................................
Less variable cost:
Cost of goods sold............................................ $16,500,000
Selling expenses ($2,700,000 40%)............. 1,080,000
Contribution margin.................................................
Unit contribution margin

25,000,000
17,580,000
$ 7,420,000

= $7,420,000/1,484,000 units
= $5 per unit

SOAL 2
a. Return on Investment (ROI)
ROI
= Operating income before interest and tax/Average operating assets
= ($ 1.845.000 / $ 15.375.000) x 100%
= 12%
*Average operating assets

= ($15.000.000 + $15.750.000)/2
= $15.375.000

Where November 30, 2010, operating assets

= $15.750.000/1,05
= $15.000.000

b. Residual Income
Residual income = Operating income (Rate of return min x avg operating asssets)
= $1.845.000 (11% x $15.375.000)

= $1.845.000 - $1.691.250
= $153.750
SOAL 3
Manajemen Reigis Steel Company akan lebih memungkinkan menerimaa akuisisi modal bila
residual income digunakan sebagai ukuran kinerja. Hal ini karena investasi akan
meningkatkan nilai residu dan bonus manajemen. Dengan menggunakan residual income,
manajemen akan menerima semua investasi yang memberikan return lebih tinggi dari 11%
karena investasi tersebut akan meningkatkan nilai residual income di masa yang akan datang.
Bila menggunakan ROI sebagai ukuran kinerja, manajemen Reigis Steel Company
kemungkinan akan menolak setiap investasi yang akan menurunkan ROI keseluruhan (12 %
pada tahun 2010), meskipun return lebih tinggi dari minimum yang diperlukan (Rate of
return minimum), karena hal ini akan menurunkan bonus.
SOAL 4
Regis Steel Company adalah pusat investasi yang terpisah dengan Raddington Industries.
Regis Steel Company harus mengontrol seluruh elemen bisnis kecuali biaya modal yang
diinvestasikan, yang sudah dikendalikan oleh Raddington Industries. Regis Steel Company
harus mampu mengendalikan semua item yang terkait dengan keuntungan dan investasi jika
ingin dievaluasi cukup sebagai pusat investasi baik menggunakan ROI atau residual income
sebagai ukuran kinerja.