ReSA FINAL PREBOARD [Batch 36 Finahcial Accounting and Reporting 1.8 2.8 21.8 31. A 41.0 ZA wa 22.8 32.8 42.0 30 43. 23.8 33.¢ 43.0 a8 1c 24. 8 34. Bonus 4. B SA 45.8 25.6 35.8 45. A 6 46. ¢ 26.8 38. A 46. C 7. 17.¢ ' 27. Bonus 37.8 47.0 8 aA 28.¢ 38.0 48. A 9 aac 23.8 39.0 49.8 40, 20.4 j 30.8 40. 8 50. A Financial Accounting and Reporting 36. 8 4c | 46. 8 51.8 56.8 37.8 a2. ¢ (4r-8 52.¢ 57.8 38. D 43. € | 48.8 53. € ‘58. D 33. ¢ 44. 8 49.8 54. 8 59.4 40.6 45.4 50. 8 55.¢ 60. 8 Reghlatory Framework for Business Transactions (RFBT) 1 2. ¢ ac 61 2 2c a2 ¢ 62. 3 23.4 43.0 . 6 a 2a a aac 64, 5 25.¢ 45.8 65. 6. 26.8 46. FA 66, 7 27.0 47. A 67. 8 28. A 4B. C 68. 9. 29.8 49. C 69. 20: 30.0 50. 8 70 in 31.0 | 51. A n 22 32.4 52.8 n 3. 33.8 53.8 2 14.(¢ 3a. 8 54. 8 7 15. (¢ 35.8 55.8 7s 46. |¢ 36. A 56.8 76. a7.) 37.0 57. ¢ 7 18.0 3a A 58.0 7B. 19.0 39.8 59.8 79, 20.(¢ 40. A 60. 8 80. i | \ 1 DBonnS>edenorennroeo 61. 62 63 65. OCTOBER2018 Bonus 61. 8 Bonus 62. D Bonus 63. A c 64. A c 65. c 66.8 Bonus 67. D Bonus 68. D c 69. 8 € 70. D A 66.0 c 67.8 B 68. C B 69-8 c 70. C a1. 8 82. D 83. C 84. C 5. D 36. A 87.8 88. B 89. C 90. A 91. B 92.8 3. 94. D 95. ¢ 96. A 97.D 98.4 99. ¢ 100. 8MAS First Bre-Board Examinations (Batch 36 * Oct 2018 batch) Ss pT paeq eT sit I >\>lol> eo jo> > lelo| I 50 I 1. TQM is a Japanese innbvatjon that was later jopted and further develorfed in the US. 2. Ay (9,500) > Vy (9,125), Production > Sales. ‘AY = 2 Inventory x FFOH/u 345 = (Production - 1,000) k 1.50 uation 1: 420 = 3a + 60 Equation 2: 8,800 = 60 a + [1,400 b ‘Unit VC:[8,800 - 420 (20)]+ 1,400 ~ 60 (20)) @hi0 units: VC = P 2 per unjt x 10 7. SH; 160 (15 minutes + 60 minutes) = 40 rs (AH - 40) 7 = 14F > = 38, Uy: Se ame 7) = 19 U9 AR = 7.50 8. September Cosh Recelots ‘September: 800,000 (30%) September: 800,000 (70%) x 20% ‘August: 650,000 (70%) x 50% + | uly: 600,000 (70%) x 25% 11. Programs with Rol of moré than 15% shall adhivalue to the firm. | 15. ¥ # 16,000 + 0.50 X, where)X is 9,600 Ibs. 16, Cobt to make: 7.50 + 6 (1/3) = 9.50 Savings (make): (10 - 9-50} 2,000 18. Welahted Average Unit. CM 66,67% (4 - 1) + 33.33% (4 ~ 2) = 3.33 ral BEP = 40,000 = 3.39 = 12,000 u (Product A): 12,000 x 65.67% BEP (Product 8): 12/000 x 33.33% 19. (+) residual Income > Rol >| minimum Rot Glresicual income > Rol < minimum Rol 20. Qil production: 67,500 + 7,500* ~ 3,300"* ving Inventory: 67,500 (10/90) = 7,500 inning inventory: 3,500 ~ 200 = 3,300 2 Incremental analysis ‘Over-allincame: 60,000 Prdd. A segment margin: | (40,000) Prd. B additional margin: | 120,000. ‘Nel income: 140,000 | Total analysis | Prd. B new CM: 320,000 rad. B avoldable fixed cost:) (30,000) j SOLUTIONS and CLARIFICATIONS to selected items ‘Total unavoldable fixed cost: _(150,000). New income: 440,000 22, SP = variable cost + lost CM + target profit 'SP= (40,000/100) + [10(600)]/20 + (6,000/20) 24, Wages costs Incurred in converting materials to finished goods are considered as DIRECT labor. 25, Given excess capacity, variable manufacturing cost Is set as minimum transfer price. 29, AFOH: 1.6M BAH: 1.5M + 430,000 (0.5) 31. Sell: 24,000 Process: 48,900 - 24,500 433, Production (units): + Forged: 8,200 + 100 - 300 = 8,000 2 Laminated: 2,000 + 60 ~ 60 = 2,000 FOH: 40,000 + (8,000 (%) + 2,000 (1)] = 10 DM: 5 +15 DL: 22 ‘Alternative solution: 3,120 + 60 units @ 36. BASH (F): 600,000 SHSR (F): 190,000 (3) 39. Y = 4,378 + 2.35 (1,000) 40. Coefficient of determination (*°): 0.81 Coefficient of correlation (r): 0.90 42, Unit sales: (Fiked cost + Profit) + CM/u ‘= [(1,080 + 1,300 + 4,820) + (40-12) 44. Gost to make or “manufacture” (22 + 16 + 2) 25,000 + 260,000 = 1,260,000 ‘Gost to buy or “outsource” 25,000 (48) = 1,200,000 45. Indifference point Cost to make = cost to buy ‘40 X + 260,000 = 48 x 47. BASH (F): 450,000 SHSR (F): 42,600 (2) x (450,000 + 90,000) NOTE: lower level of actual production causes Unfavorable volume variance. 50. CM per hour, > Product LIGHT: 6 > First? (300- 120 ~ 60) + 20 > Product MEDIUM: 5 > Third! *(500~ 240 ~ 60) + 40 > Product HEAVY: 5.4 > Second! (2,000 ~ 400 ~ 60) + 100 1* > LIGHT: 200 u (20 hrs) = 4,000 hours 2° > HEAVY! 80 w (10 hrs) = 8,000 hours ‘52. 10,000 (SP ~ 322) = 20% (1.4 M) 56. Ay = A Inventory x FFOH/u 30,000 = A Inventory x (100,000 + 5,000) G1. Breakeven point: 6,000,000 + (800 ~ 500) {62."Net income: 18,000 (300) ~ 6,000,000 63. Breakeven point: 6,000,000 + (300 - 75) 64. Required sales in units: ° 20,000 + [900,000 65. Indifference point 500 X + 6,000,000 = 360 x + 8,142,000 66. (4,125 ~ 3,125) / (20 - 12) = 125 / unit 3,125 = a+ 125 (12) a= P 1,625 / month > P 4,875 / quarter 67. Sales: 200 units x 9/10 = 180 units (SP: 72,000 + 180 units = P 400) Cost of sales: 40,500 / 180 units = P 225, Production: 225 x 200 = P 45,000 68. BEP; 1,625 (12) + (400 - 225 ~ 125) = 390u Required additional sales: 390 - 180 = 210 u 69, Expected sales: 200 (10%) + 300 (20%) + 400 (40%) + 500 (305%) = 390 u Margin of safety: 390 u~ 390 u = 0 (None) 70. Shutdown (production elimination) point: (19,500 ~ 10,000) / 50 = 190 units NO (continue): 350 units > 190 units (300 - 50)] ~ nothing follows ~