Bài tập nhóm số 6 – nhóm 4:

Stt Họ và tên Mssv Phân công Đánh

giá
1 Phạm Quốc Huy 187ke19345 Đánh máy – 6.13- 6.14 100%
2 Nguyễn Huyền Yến Oanh 187ke05619 6.1,6.2,6.15 100%
3 Huỳnh Thị Kim Huyền 187ke19351 6.3,6.4 100%
4 Trần Ngọc Tường Vi 187ke19993 6.5,6.6 100%
5 Vũ Thị Ngọc Anh 187ke19172 6.7,6.8 100%
6 Lương Ngọc Kim Ngân 187ke19498 6.11,6.12 100%
7 Trương Hoài Thu 187ke19793 6.9,6.10 100%

6.1)
A chemical process has a normal wastage of 10% of input. In a period, 2,500 kgs
of material were input and there was an abnormal loss of 75 kgs
What quantity of good production was achieved?
A 2,175kgs
B 2,250 kgs
C 2,325 kgs
D 2,425 kgs
Good production = input - normal loss - abnormal loss
=(2,500 - (2,500 × 10%) - 75)kg
= 2,500 - 250 – 75
= 2,175 kg
A company manufactures Chemical X, in a single process. At the start of the
month there was no work-in-progress. During the month 300 litres of raw
material were input into the process at a total cost of $6,000. Conversion costs
during the month amounted to $4,500. At the end of the month 250 litres of
chemical X materials and 50% complete with to conversion costs. There were no
losses in the process and there is no scrap value available during months when
losses occur.
6.2) What are the equi valent units for closing work-in-progress at the end of the
month? Material Conversion costs
A 25 litres 25 litres
B 25 litres 50 litres
C 50 litres 25 litres
D 50 litres 50 litres
There are 50 litres of work in progress.
They have are only 50% finished in respect of conversion costs, so only 50% of the
work has been done on these 50 litres.
Doing 50% work on 50 litres will cost the same in total as doing the full work on
50% x 50 = 25 litres.
6.3)
If there had been a normal process loss of 10% of input during the month what
would the value of this loss have been?
A Nil
B $450
C $600
D $1,050
Because there is no mention of a scrap value available for any losses therefore the
normal loss would have a zero value. The normal loss does not carry any of the
process costs.
6.4)
In a particular process, the input for the period was 2,000 units. There were no
inventories at the beginning or end of the process. Normal loss is 5% of input. In
which of the following circumstances is there an abnormal gain?
(i) Actual output = 1,800 units
(ii) Actual output = 1,950 units
(iii) Actual output = 2,000 units
A (i) only
B (ii) only
C (i) and (ii) only
D (ii) and (iii) only
Expected output = 2000units less normal loss ( 5%) 100 units = 1900units
Abnormal loss of 1900 – 1800 = 100 units
Abnormal gain of 1950 – 1900 = 50 units
Abnormal gain of 2000 – 1900 = 1000 units
6.5)
In a process account, how are abnormal losses valued?
A At their scrap value
B The same as good production
C At the cost of raw materials
D The same as normal losses
Abnormal lossed are valued at the same units rate as good production, so that
their occurrence does not affect the cost of good production
6.6)
A company needs to produce 340 litres of Chemical X. There is a normal loss of
10% of the material input into the process. During a given month the company did
produce 340 litres of good production, although there was an abnormal loss of 5%
of the material input into the process. How many litres of material were input
into the process during the month?
A.357 litres
B. 374 litres
C. 391 litres
D. 400 litres
The total loss was 15% of the material input. The 340 litres of good output
therefore represents 85% of the total material input. Therefore, material input =
340 /0.85 = 400 litres
6.7)
What is the full production cost of completed units during November?
A $10,400
B $16,416
C $16.800
D $20,520
-For Total Costs:
Total Material Costs = $9,000
Total Labour Costs = $3,840
Total POH Costs = 200% of Labour Costs = 3,840*200% = $7,680
- 500 units were input, 100 units were closing inventory, meaning 400 units were
fully completed (100% for Material & Conversion Costs).
Closing Inventory:
Completed for Materials = 100 Units (100%)
Completed for Labour = 80 Units (80% of 100 Units)
Completed for POH = 80 Units (80% of 100 Units)
-Total Cost per Unit: (TMC/Unit + TLC/Unit + POH/Unit)
TMC/Unit = $9,000/(400+100) = $9,000/500 = $18
TLC/Unit = $3,840/(400+80) = $3,840/480 = $8
POH/Unit = $7,680/(400+80) = $7,680/480 = $16
Total Cost/Unit = $42
Total Cost for Completed Units = 400x$42 = $16,800
6.8)
What is the value of the closing work in progress on 30 November?
A $2,440
B $3,720
C $4.104
D $20,520
Material Cost = $18×100 = $1,800 Labour Cost = $8×80 = $640 POH Cost = $16x80
$1,280 Value of Closing Inventory = $1,800+$640+$1,280 = $3,720
A company makes a product in two processes. The following data is available for
the latest period, for process 1. Opening work in progress of 200 units was valued
as foll ows.
Material $2,400
Labour $1,200
Overhead $400
No losses occur in the process.
Units added and costs incurred during the period:
Material $6,000 (500 units)
Labour $3,350
Overhead $1,490
Closing work in progress of 100 units had reached the following degrees of
completion:
Material 100%
Labour 50%
Overhead 30%
The company uses the weighted average method of inventory valuation.
6.9)
How many equivalent units are used when calculating the cost per unit in relation
to overhead?
A 500
B 600
C 630
D 700
Stament of equivalent units
Total Equivalent units
Units Materials Labour Overheads
Output tp process 2 600 600 600 600
Closing WIP 100 100 50 30
700 700 650 630
6.10)
What is the value of the units transferred to process 2?
A $7,200
B $13,200
C $14,840
D S15,400
Opening stock 2400, 1200, 400
Added during period 6000, 3350, 1490
Total cost 8400, 4550, 1890
Equivalent units $12, $7, $3, $22
Value of units transferred to process 2 = 600 units x $22= $ 13200
6.11.
A company uses process costing to establish the cost per unit of its output.
The following information was available for the last month:
Input units 10,000
Output units 9,850
Opening inventory 300 units, 100% complete for materials and 70% complete for
conversion costs
Closing inventory 450 units, 100% complete for materials and 30% complete for
conversion costs
The company uses the weighted average method of valuing inventory.
What were the equivalent units for conversion costs?
A. 9,505 units
B. 9,715 units
C. 9,775 units
D. 9,985 units

Equivalent units
Total Materials Conversion costs
Units Units Units
Output to finished goods 9,850 9,850 9,850
Closing inventory 450 (100%) 450 (30%) 135
10,300 10,300 9,985
6.12.
A company uses process costing to value its output.
The following was recorded for the period:
Input materials 2,000 units at $4.50 per unit
Conversion costs 13,340
Normal loss 5% of input valued at $3 per unit
Actual loss 150 units
There were no opening or closing inventories.
What was the valuation of one unit of output to one decimal place?
A. $11.8
B. $11.6
C. $11.2
D. $11.0
Input costs = 2,000 units × $4.50
= $9,000

Conversation costs= $13,340

Normal loss = 5% × 2,000 units × $3

= $300

Expected output = 2,000 units - 100 units

= 1,900 units
Cost per unit of output = Input costs
Expected output

= $9,000 + $13,340 - $300

1,900 units

= $22,040
1,900 units

= $11.6 (to one decimal point)

6.13
A company operates a continuous process into which 3,000 units of material
costing $9,000 was input in a period. Conversion costs for this period were
$11,970 and losses, which have a scrap value of $1.50, are expected at a rate of
10% of input. There were no opening or closing inventories and output for the
period was 2,900 units.
What was the output valuation?
A. $20,271
B. $22,040
C. $20,520
D. $20,970
Material 9,000
Conversion costs 11,970
Less: scrap value of normal loss (300 ´ $1.50) (450)
Cost of process 20,520
Expected output = 3,000 - (10% ´ 3,000)
 = 3,000 – 300
= 2,700 units
Costs per unit =
Input costs - scrap value of normal loss / Expected output
= $20,520 / 2,700
= $7.60
Value of output = 2,900 x $7.60
= $22,040

6.14 The following informati on relates to a company's polishing process for the
previous peri od. Output to finished goods 5,408 units valued at $29,744 Normal
loss 276 units Actual loss 112 units All losses have a scrap value of $2.50 per unit
and there was no opening or closing work in progress
What was the value of the input during the period?
A $28,842
B $29,532
C $29,744
D $30,434
The polishing cost of a unit of output is $29,744/5,408 = $5.50
This is also the cost per unit of any abnormal loss (because it was supposed to be
good output) and abnormal gain. The abnormal gain is 164 units (276 – 112)
Input (units) = Actual output + Actual loss = 5,408 + 112 = 5,520
Input = Actual output + Normal loss – Abnormal gain = 5,408 + 276 – 164
Putting values to these, input = 29,744 + (276 x 2.50) – (164 x 5.50) = 29,532
Another way of looking at is considering:
Cost per unit ($5.50) = [Total cost incurred (x) – expected scrap (276 x
$2.50)]/Expected good output
Expected good output was only 5244 (i.e. 5408 – 164 )
Rearranging, x = (5,244 x 5.5) + (276 x 2.5) = 28,842 + 690 = 29,532
6.15. Which of the following statements about process losses are correct?
(i) Units of normal loss should be valued at full cost per unit
(ii) Units of abnormal loss should be valued at their scrap value
A (i) only
B (ii) only
C Both of them
D Neither of them
Statement (i) is incorrect. Units of normal loss are valued at their scrap value
(which may be nil).
Statement (ii) is incorrect. Units of abnormal loss are valued at the same rate as
good units.