OKTOBER 2016

STORE LEDGER CARD (FIFO)

Date Receipt Issue Balance

Qty Unit RM Qty Unit RM Qty Unit RM
price price price
3/9/16 300 1.15 345 300 1.15 345
250 1.10 275 250 1.10 275
4/9/16 1500 1.20 1800 300 1.15 345
250 1.10 275
1500 1.20 1800
10/9/16 300 1.15 345 1200 1.20 1440
250 1.10 275
300 1.20 360
15/9/16 1100 1.15 1265 1200 1.20 1440
1100 1.15 1265
20/9/16 280 1.15 322 1200 1.20 1440
820 1.15 943
22/9/16 1100 1.20 1320 100 1.20 120
820 1.15 943
30/9/16 Stock loss 100 1.20 120
340 1.15 391
closing 480 1.15 552
DETAILS SKILLED WORKERS SEMI- SKILLED WORKERS
ARRIE ANNA ROSE
Basic Pay 45H*15 415*1.40 315*1.40
= 675 = 581 =441
5*50/100*15 =
37.50
OT Pay 4*150/100*15 =
90
Total 802.50 581.00 441.00
Wages

DETAILS SEMI- SKILLED WORKERS

ANNA ROSE
Basic Pay 100 * 1.40 = 140 100 * 1.40 = 140
100 * 1.60 =160 100*1.60 = 160
100 *1.80 =180 100 * 1.80 = 180
115 * 2.00 =230 15*2.00 = 30
140+160+180+230 140+160+180+30
= 710 = 510

Total 710.00 510.00

Wages
 Overhead Basic RM MOULDING FINISHING STORE MAINTENANCE
General Number if 4,400 15/30*4,400 9/30*4400 3/30*4400 3/30*4400
Supervision employee =2200 =1320 =440 =440
Electricity Floor area 7000 2500/5000*7000 1500/5000*7000 500/5000*7000 500/5000*7000
=3500 =2100 =700 =700
Dep on Equipment 5000 75000/150000*5000 45000/150000*5000 15000/150000*5000 15000/150000*5000
equiment value =2500 =1500 =500 =500
Indirect Direct 16500 5000 8000 2000 1500
material basis
Indirect Direct 16000 4000 10000 1000 1000
wages basis
49400 17200 22920 4640 4640
Re- Num of 4640 150/300*4640 120/300*4640 (4640) 30/300*4640
apportionme store =2320 =1856 =464
nt requistion
Store
Re- Maintenan 5104 110/200*5104 90/200*5104 (5104)
apportionme ce hours =2807 =2297
nt
Maintenance
49400 22327 27073 - -

OAR = MOULDING / MACHINE HOUR = 22327/1320

= 16.91 PER MACHINE HOUR
OAR = FINISHING / DIRECT LABOUR HOUR = 27073/2800
= 9.67 PER DIRECT LABOUR HOURS
 ACTIVITY BASED OVERHEAD RATE

ACTIVITY COST POOL COST DRIVER OVERHEAD TOTAL COST COST DRIVE RATE
DRIVER
MACHINE SET UP NUM OF SETUP 156000 100 156000/100
=1560
MACHING NUM OF MACHINE 273000 30000 273000/30000
HOURS =9.1
QUALITY CONTROL NUM OF INSOECTION 195000 200 195000/200
=975
SHIPMENT NUM OF SHIPMENT 156000 250 156000/250
=624
780000 3168.1

TOTAL OVERHEAD/DIRECT LABOUR HOUR = 780000/(25000*2)

= 15.6 PER DIRECT LABOUR HOUR
.

B. ACTIVITY BASED COSTING

ACITVITY POOL CHIME RM

MACHINE SET UP 1560*40 62400
MACHING 9.10*20000 182000
QUALITY CONTROL 975*80 78000
SHIPMENT 624*140 87360
409760

NUMBER OF UNIT PRODUCE 25000

TOTAL OVERHEAD PER UNIT 16.39
DIRECT MATERIAL 3500+2000 5500
DIRECT LABOUR HOUR 500*5.00 2500
300*3.50 1050
FEE 600
PRIME COST 9650
OVERHEAD 2.50*800 2000
PRODUCTION COST 11650
ADMIN AND SELLING 3/100*11650 3495.50
TOTAL COST 11999.50
PROFIT 25/100*11999.50 2999.88
SELLING PRICE TOTAL COST + PROFT 14999.38

INSURANCE 4.00*22 88
FUEL COST 0.90*300 270
REPAIR 0.50*300 150
DRIVER SALRIES 950*3 2850
DEPRECIATION 400*3 1200
ADMIN 1000 1000
TOTAL 5558
MARCH 2017

Q1
A FALSE
B FALSE
C false
D true
E false
F false
G true
H false

B
Clay 15,000
Factory indirect cost 500
Production salary 70/100*25000 17500
PRIME COST 33000
Production salaries and wages 30/100*25000 7500
Rent factory ¾*2500 1875
PRODUCTION COST 42375
Rent office ¼*2500 625
Advertismentn expenses 1000
General management and office salary 3500
TOTAL COST 47500

Q2
A
B
C
D
B
A
B

C LIFO STOCK LEDGER

 Date Receipt Issue Balance
Qty Unit RM Qty Unit RM Qty Unit RM
price price price
1/3/17 150 80 12000 150 80 12000
7/3/17 2000 81 162000 2000 81 162000
150 80 12000
10/3/17 500 81.50 40750 500 81.50 40750
2000 81 162000
150 80 12000
11/3/17 250 81.50 20375 250 81.50 20375
2000 81 162000
150 80 12000
12/3/17 250 81.50 20375 100 80 8000
2000 81 162000
50 80 4000
15/3/17 100 80 8000 - - -
20/3/17 400 83.50 33400 400 83.50 33400