BỘ TÀI CHÍNH ĐỀ THI HẾT MÔN: KẾ TOÁN QUẢN TRỊ 1

HỌC VIỆN TÀI CHÍNH (MANAGEMENT INFORMATION 1 – MI1)

Mã đề: MI1-03-2021-CLC-BTL Hệ : Chất lượng cao
THỜI GIAN LÀM BÀI : 1 NGÀY

QUESTION 1:
In a period of rising price, which method of inventory valuation (FIFO, LIFO or weighted
average cost) would be used for recording the costs of sales to give the highest gross profit?
Explain?

QUESTION 2:
Ever Ltd (Ever) manufactures two products, M and N. Last quarter, budgeted overhead
expenditure was $102,400. Overheads are to be absorbed on a direct labour hour basis. Other data
for the quarter are as follows:
Budgeted: Product M Product N
- Production (units) 2,200 2,800
- Direct labour hour per unit 2 3
Actual:
- Opening inventory (units) 800 600
- Sales (units) 2,200 2,500
- Closing inventory (units) 1,000 500
Actual overheads for the quarter was $104,400.
Required: Calculate the under or over absorption of overhead for the quarter. Clearly state
that it is under or over?

QUESTION 3:
Starbeam Ltd (Starbeam) has been trading for many years and manufactures just one
product, the Mek, in a factory divided into two production departments, Primary and Finishing.
Starbeam also has two service departments, Maintenance and Stores. Starbeam’s accountant has
prepared a budget for its next quarter (July to September).
Details of budgeted overheads are as follows:
Total ($)
Wages of supervisor of Primary department 10,000
Wages of supervisor of Finishing department 10,000
Wages of supervisors of Maintenance department 12,500
Wages of supervisor of Stores department 6,250
Depreciation of Primary department 5,750
Depreciation of Finishing department 8,500
Heat and light 20,000
Repairs of buildings 10,000
Machinery depreciation 50,000
Rent and rates 40,000
Canteen 12,000
Machinery insurance 30,000

Details of each department are as follows:

Primary Finishing Maintenance Stores Total
Floor area (m2) 6,000 4,000 3,000 2,000 15,000
 Machinery book 48,000 20,000 8,000 4,000 80,000
value ($)
Number of 50 40 20 10 120
employees

Service departments’ services were used as follows:

Primary Finishing Maintenance Stores Total
Maintenance hours 5,000 4,000 - 1,000 10,000
worked
Number of stores 3,000 1,000 1,000 - 5,000
requisitions

Details of the product are as follows:

$ per unit
Variable materials 50
Variable labour 20
Variable production overheads 10

Budgeted sales and production are 4,300 units. Production overheads are absorbed using a
rate per unit. Starbeam set the selling price per unit using a target mark-up of X% on the full
production cost per unit.
Starbeam’s accountant is aware from the past experience that the company’s sales,
distribution and administration costs are partly fixed and partly variable as follows:
Variable $10 per unit
Fixed $30,000 per month

Inventory at the end of June was 115 Meks. In the quarter July to September, Starbeam
manufactured 4,200 Meks and sold 4,215. Starbeam’s budgeted fixed costs are incurred evenly per
month. Starbeam’s actual cost and selling price were as budgeted except for the fixed element of
the selling, distribution and administration costs, which were 5% higher than budgeted.
Required:
1. Calculate the fixed overhead absorption rate in each production department?
2. Choose an appropriate value for X so that the Starbeam is making a profit?
3. Prepare Starbeam’s income statement for the quarter July to September under absorption
costing (using the following template). Enter costs as negative values?
$ $
Revenue
Variable production cost
Fixed production cost absorbed
Opening inventory
Closing inventory
Production cost of sales
Under/over absorption
Variable selling, distribution and administration costs
Fixed selling, distribution and administration costs
Profit

4. Calculate Starbeam’s marginal costing profit?

(Note: Show all your workings)
 Căn dặn sinh viên khi trình bày bài tập lớn:
1- Thời hạn nộp bài: Thời gian theo lịch thi + 60 phút + 1 ngày + 20 phút
2- Viết tay trên giấy A4 (không đánh máy), đánh số thứ tự lần lượt ở bên dưới mỗi trang.
Khi chụp ảnh, lưu ý không bị mất số thứ tự trang và chụp lần lượt theo thứ tự trang tăng dần. Đồng
thời, có kẻ lề bên trái mỗi trang giấy. Khi làm bài cần viết ý nào thuộc câu nào được làm sang bên
trái của lề để dễ nhận diện khi đọc, chấm. (Xem mẫu dưới đây)
3- Tại trang đầu tiên của bài thi, cần trình bày đầy đủ các thông tin theo đúng theo qui định
của HV như sau:
Họ và tên: ……………………………… Mã sinh viên: …………………………..
Khóa/Lớp tín chỉ: …………………… Khóa/Lớp niên chế:…………………………
STT theo danh sách thi: ………….. ID phòng thi:……………………………….
Ngày thi:…………………………… Giờ thi:…………………………………
BÀI THI MÔN:……………………………………..
Hình thức thi: Bài tập lớn
Mã đề thi: ………. Thời gian thi: 1 ngày

BÀI LÀM
Câu 1a: ……………………
Câu 2/1a: ……………………
……………………
 BỘ TÀI CHÍNH ĐỀ THI HẾT MÔN: KẾ TOÁN QUẢN TRỊ 1
HỌC VIỆN TÀI CHÍNH (MANAGEMENT INFORMATION 1 – MI1)
Mã đề: MI1-04-2021-CLC-BTL Hệ : Chất lượng cao
THỜI GIAN LÀM BÀI : 1 NGÀY

QUESTION 1:
In a period of falling price, which method of inventory valuation (FIFO, LIFO or weighted
average cost) would be used for recording the costs of sales to give the lowest gross profit? Explain/

QUESTION 2:
Evor Ltd (Evor) manufactures a product, the Stel. In order to manufacture and distribute
1,000 units of the Stel, the estimated capital to be invested is $158,000 per annum.
The data related to the Stel is as follows:
Material cost per unit $25
Labour cost per unit $50
Production overhead cost per labour hour $10
Labour hour per unit 8
General overhead absorption rate 6% of prime cost

The required annual rate of return on capital investment is 15%.

Required: Calculate the selling price per unit of the Stel?

QUESTION 3:
Moonwave Ltd (Moonwave) has been trading for many years and manufactures just one
product, the Wok, in a factory divided into two production departments, Assembly and Finishing.
Moonwave also has two service departments, Maintenance and Stores. Moonwave’s accountant
has prepared a budget for its next quarter (April to June).
Details of budgeted overheads are as follows:
Total ($)
Wages of supervisor of Assembly department 50,500
Wages of supervisor of Finishing department 50,750
Maintenance department costs 120,250
Stores department costs 50,500
Depreciation of Assembly department 80,000
Depreciation of Finishing department 80,000
Heat and light 40,000
Machinery depreciation 60,000
Building utility costs 90,000
Rent and rates 60,000
Canteen 20,000
Machinery insurance 100,000

Details of each department are as follows:

Assembly Finishing Maintenance Stores Total
Floor area (m2) 8,000 6,000 4,000 2,000 20,000
Machinery cost ($) 200,000 150,000 100,000 50,000 500,000
Number of 60 50 30 20 160
employees
 Service departments’ services were used as follows:
Assembly Finishing Maintenance Stores Total
Maintenance hours 8,000 6,000 - 2,000 16,000
worked
Number of stores 6,000 4,000 2,000 - 12,000
requisitions

Details of the product are as follows:

$ per unit
Variable materials per unit 100
Variable labour per unit 60
Variable production overheads per unit 20

Budgeted sales and production are 10,025 units. Production overheads are absorbed using a
rate per unit. Moonwave set the selling price per unit using a target mark-up of X% on the marginal
cost per unit.
Moonwave’s accountant is aware from the past experience that the company’s sales,
distribution and administration costs are partly fixed and partly variable as follows:
Variable $10 per unit
Fixed $50,000 per month

Inventory at the end of March was 200 Woks. In the quarter April to June, Moonwave
manufactured 10,100 Woks and sold 10,000. Moonwave’s budgeted fixed costs are incurred evenly
per month. Moonwave’s actual cost and selling price were as budgeted except for the fixed element
of the selling, distribution and administration costs, which were 2% lower than budgeted.
Required:
1. Calculate the fixed overhead absorption rate in each production department?
2. Choose an appropriate value for X so that the Moonwave is making a profit?
3. Prepare Moonwave’s income statement for the quarter April to June under marginal
costing (using the following template). Enter costs as negative values?
$ $
Revenue
Variable production cost
Opening inventory
Closing inventory
Production cost of sales
Variable selling, distribution and administration costs
Fixed selling, distribution and administration costs
Fixed production costs
Profit

4. Calculate Moonwave’s absorption costing profit?

(Note: Show all your workings)

Căn dặn sinh viên khi trình bày bài tập lớn:
1- Thời hạn nộp bài: Thời gian theo lịch thi + 60 phút + 1 ngày + 20 phút
2- Viết tay trên giấy A4 (không đánh máy), đánh số thứ tự lần lượt ở bên dưới mỗi trang.
Khi chụp ảnh, lưu ý không bị mất số thứ tự trang và chụp lần lượt theo thứ tự trang tăng dần. Đồng
thời, có kẻ lề bên trái mỗi trang giấy. Khi làm bài cần viết ý nào thuộc câu nào được làm sang bên
trái của lề để dễ nhận diện khi đọc, chấm. (Xem mẫu dưới đây)
3- Tại trang đầu tiên của bài thi, cần trình bày đầy đủ các thông tin theo đúng theo qui định
của HV như sau:
Họ và tên: ……………………………… Mã sinh viên: …………………………..
Khóa/Lớp tín chỉ: …………………… Khóa/Lớp niên chế:…………………………
STT theo danh sách thi: ………….. ID phòng thi:……………………………….
Ngày thi:…………………………… Giờ thi:…………………………………
BÀI THI MÔN:……………………………………..
Hình thức thi: Bài tập lớn
Mã đề thi: ………. Thời gian thi: 1 ngày

BÀI LÀM
Câu 1a: ……………………
Câu 2/1a: ……………………
……………………