KOLEJ PROFESIONAL MARA

SESSION 2 YEAR 2021/2022

ASSESSMENT COVER SHEET
Name: Course: Management Accounting
ID No: Code: ACC 2533
Class: Lecturer:
Assessment Type: PBL Assignment Overall marks (50) Weightage (25%)
LEARNING OUTCOMES & ITEM SPECIFICATION (TBP)
CLO CLO PLO Domain Assessment criteria A1 A2 A3 A4
Domain (C/A/P)
PROCESS COSTING
Nature of Process √
Costing
Process Account √
Process Losses and Gains V
CLO1 Valuation of Work-in- √
A3 Communications, Progress using Weighted
Form management leadership and
Average Method.
team skills
accounting report for
(PLO5) JOINT AND BY
PRODUCT
internal user use.(A3,
Nature of Joint Products √
PLO 5) and By Products
Computation of Joint Cost √
Apportionment of Joint √
Costs
Profit Statement Using the √
Three Method

VERIFICATION
Prepared by: Course Coordinator (CC) Verified by: Head of Department/ SME

............................. ..................................
( Marina Binti Md Nasir)
(Siti Julia Binti Abas)
14 July 2021
14 July 2021
 ACC 2533: MANAGEMENT ACCOUNTING

PBL ASSIGNMENT

SESSION 2 YEAR 2021/2022

CLO 1
Calculate product cost using process costing including joint and by product.
(A2, PLO5)

Instructions to students:
a) Students will be divided into groups of three / four members. Make sure everybody
contributes in completing the task given.
b) Students are required to answer all questions.
c) Submission date: 4th AUGUST 2021 (WEDNESDAY – BEFORE 5:00 PM). Late
submission will be given the following penalties:
i) 1 day – 5% of marks will be deducted
ii) 2 days – 10% of total marks will be deducted
iii) After 2 days no marks will be given

Evaluation:
This assignment consists of Project Assignment only. This assignment accounts for 25%
from the assessment course.

Plagiarism
Warning: You should not copy another student’s assignment as your own. If plagiarism is
detected, ZERO (0) mark would be given.
 KOLEJ PROFESIONAL MARA
GROUP ASSIGNMENT
SESSION 2 YEAR 2021/2022
________________________________________________________________
ASSIGNMENT COVER SHEET

Course Details
Course Code : ACC 2533
Course Name : MANAGEMENT ACCOUNTING
Program : DIPLOMA IN ACCOUNTANCY
Semester : SEMESTER 2, 2021/2022
Lecturer’s Name : ……………………………………………

Assignment Details
Submission Date : 19 AUGUST 2021

Student’s Details
1. Name & ID Number : ________________________________________

2. Name & ID Number : ________________________________________

3. Name & ID Number : ________________________________________

4. Name & ID Number : ________________________________________

 TASK 1: PROCESS COSTING
(15 MARKS)

QUESTION 1
Alpha Ltd manufactures one product, which passes through three distinct processes. The
company incurred the following costs in the three processes:
Total Process (RM)
(RM) X Y Z
Direct material 12,000 5,400 3,000 3,600
Direct Labour 8,000 3,000 3,000 2,000
Production Overheads 8,000 - - -

The following additional data is obtained from the process:

Process Output during the Percentage of Value of scrap per
month normal loss to unit
input
X 1,500 5% RM1.20
Y 1,400 12% RM2.60
Z 1,000 18% RM 2.00

1,600 units at RM2.50 each were introduced to Process X. There were no stock, materials or
work in progress at the beginning or end of period. The output of each process passes direct to
the next process and finally to finished goods. Production overheads are recovered at 100% of
direct wages.

REQUIRED:
Calculate the unit cost of the output and prepare the Process Account for each process.
(5 Marks)

QUESTION 2
The Cutting Department of SJA Manufacturing Company was performing the second process for
the month of Jan 2021. The following information is available:
 Quantity Costs
Transfer from Process 1 22,000 units RM 162,067
Cost incurred for the period:
Material added RM 10,000
Labour RM 71,400
Overhead RM 34,000

Opening work-in progress (OWIP): 1,000 units

Previous process RM 8,000
Material added RM 1,500
Labour RM 3,000
Overhead RM 2,000 RM 14,500

Closing work-in process (CWIP): 2,000 units

Degree of completion:
G1 G2 G3 G4
Material added 100% 100% 100% 100%
Labour 90% 80% 70% 60%
Overhead 80% 70% 60% 50%
G=GROUP (ASSIGN BY LECTURER)
Completed units 20,000 units

The expected loss is 1,500 units, however there were 1,000 units loss during the period. All
losses can be sold as scrap for RM 1 per unit.

REQUIRED:

a) Statement of equivalent units, statement of cost, and statement of evaluation.

(7 Marks)
b) An account for the Process 2 showing the total and unit cost.
(3 Marks)

[TOTAL:15 MARKS]
TASK 2: JOINT PRODUCT & BY PRODUCT
(10 MARKS)
QUESTION 1

During the month of August, the Teguh Company processes a basic raw material through a
manufacturing process that yields three products which are products AA, BB and CC. There
were no opening inventories and the products are sold at the split-off point without further
processing. Below are the Selling Price and costs incurred during the production for each
product;
Product Quantity (unit) Selling Price (RM)
AA 60,000 6.00
BB 15,000 36.00
CC 75,000 4.00

Cost of Production for each product;

RM
Direct Material 320,000
Direct Labour 200,000
Variable Overhead 50,000
Fixed Overhead 70,000

Assume that all the output is sold during the period and the cost per unit is same for each of
the products.

REQUIRED:

a) Draw a diagram that shows details of the production process and the sales revenues of
these products.
(1 Mark)
b) Identify the profit for each product by allocating the joint cost using:
i. Physical unit method
ii. Sales value method
(6 Marks)

c) Identify the profit for each product by allocating the joint cost using Net sales value
method. Assume the same situation as above except that further processing costs now
apply. Details of the further processing cost are given as follows;
 Product Total Further Processing Cost (RM)
AA 50,000
BB 110,000
CC 40,000
(3 Marks)

[TOTAL:10 MARKS]

APPENDIX A

RUBRIC FOR PROJECT REPORT (25%)

No Description Marks
.
1. Table of contents 5
2. Acknowledgement 5
3. Process Costing 15
4. Joint and By-Product 10
7. References / appendix 5
8. Creativity of report presentation 5
9. The report formatting 5
TOTAL 50