KOLEJ MATRIKULASI NEGERI SEMBILAN

SEMESTER :2
SESI : 2018/ 2019
NAMA SUBJEK : PERAKAUNAN
UJIAN : SKOR A (SECTION A)
NAMA PELAJAR :______________________
KUMP. PRAKTIKUM :______________________

SECTION A (45 MARKS)

ANSWER ALL THREE (3) QUESTIONS

QUESTION 1 (15 MARKS) 20 minutes

a) Explain Four (4) differences between financial accounting and managerial accounting .[CLO1, C1]
( 12√ x ½ = 6 marks)

b) The following are costs that were incurred by Nike, Inc. Determine which costs are fixed (F) and
which are variable (V). [CLO1, C2]

No Cost Item Behaviour

.
1 rubber for the sole of the shoe, RM6 per shoe
2 rent on the manufacturing facility building, RM188,000 annually
3 sales manager salary, RM127,000 annually
4 worker who operates the machine that puts the shoe together, RM2.00 per
shoe
5 shoe laces, RM1.80 per shoe
6 insurance on the manufacturing facility, RM23,000 annually
7 water and utilities, RM22,000 per month consistently
8 depreciation on manufacturing equipment, RM18,000 each month
9 already contracted advertising on television, RM1,800,000 annually
10 sales commission paid to salespeople based on 5% of sales
( 10√ x ½ = 5 marks)

c) Explain the classification of costs: [CLO1, C2]

(i) Direct costs.
(ii) Indirect cost.
( 4 √ × ½ = 2 marks)

d) Kevin Scott is confused about the differences between a product cost and a period cost. Explain
two (2) differences between product cost and period cost to Kevin. [CLO1, C2]
( 4 √ × ½ = 2 marks)

QUESTION 2 (15 MARKS) 20 minutes

a) Explain briefly two (2) importance of margin of safety. [CLO1, C2] (2 marks)
b) Explain Why is break-even point important for management? Give one (1) reason. [CLO1, C2]
(1 marks)

c) Explain the uses of Cost Volume Profit analysis. [CLO1, C2]

(2 marks)

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d) State four (4) components involved in cost volume profit (CVP) analysis. [CLO1, C1]
(2 marks)
e) Explain briefly two (2) benefits of using applied overhead compared to actual overhead.
[CLO1, C2]
(2 marks)
f) Department A used machine hour basis and department B used direct labour hour in calculating
Predetermined Overhead Rate (POR). Why these department used different basis in calculating
POR? [CLO1, C2]
(2 marks)
g) Identify how under or over-applied overhead exist? [CLO1, C1]
(1½ marks)
h) List three (3) types of manufacturing overhead. [CLO1, C1]
(1½ marks)
i) Beside actual costing, list the other two (2) types of costing system. [CLO1, C1]
(1 mark)

QUESTION 3 (15 MARKS) ) 20 minutes

a) Explain comparison between process costing and job order costing in terms of product
types, cost accumulation, cost flow and documentation[CLO1, C2]
(8√x ½ = 4 marks)

b) Give 2 advantages and 2 disadvantages of marginal costing method. [CLO1, C2]

(4 marks)
c) Absorption costing is also known as full costing while marginal costing is known as
variable costing. Why? [CLO1, C2]
(2 marks)
d) Identify the parties responsible for the following variances [CLO1, C2]

(i) Direct Materials Price Variance

(ii) Direct Materials Quantity Variance
(iii) Direct Labor Rate Variance
(iv) Direct Labor Efficiency Variance
(v) Variable Overhead Efficiency Variance
(5 marks)

KOLEJ MATRIKULASI NEGERI SEMBILAN

2
SEMESTER :2
SESI : 2018/ 2019
NAMA SUBJEK : PERAKAUNAN
UJIAN : SKOR A (SECTION B)
NAMA PELAJAR :______________________
KUMP. PRAKTIKUM :______________________

SECTION B (85 MARKS)

ANSWER ALL FOUR (4) QUESTIONS

QUESTION 1 (20 MARKS) 25 minutes

Kerepek Pilah Sdn. Bhd. (KPSB) is the leading banana chips producer in south east asia. KPSB uses
normal costing method. Below are the information of three (3) products of KPSB in January 2019:

Beginning Direct Material Direct Labour Direct Labour

Work-in- Hours
process
(RM)
(RM) (RM)
Sweet kerepek - 7,200 6,000 1,800

Spicy kerepek 15,000 4,800 3,900 1,200

Salted kerepek - 2,400 1,500 600

The estimated annual overhead cost is RM300,000 and the estimated direct labour hour is 60,000
hours. Production of sweet kerepek and spicy kerepek have been completed. 50% of sweet kerepek
are sold at RM12,500 in cash.

REQUIRED:
(i) Calculate the total cost for each job that has been completed. [CLO3, C4]
(4½ marks)
(ii) Calculate the ending work-in-process. [CLO3, C4]
(2½ marks)
(iii) Prepare related journal entries. [CLO3, C3]
(13 marks]

QUESTION 2 (20 MARKS) 25 minutes

Fuadina Sdn. Bhd. (FSB) produces durian-flavored dodol. The following data was collected for one of
FSB's processing departments for January 2017. Conversion costs were distributed equally
throughout the production process

Work in process, 1 Januari – 10,000 unit

Direct material : 100% siap RM22,000
Conversion : 20% siap RM4,500

Unit started 100,000 unit

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 Unit completed 80,000 unit

Work in process, 31 Januari:

Direct material : 100% completed
Conversion : (1/3) completed

Current cost incurred during January:

Direct material RM198,000
Conversion cost:
Direct labour RM52,800
Applied overhead RM105,600

REQUIRED:
i) Calculate:
a) Equivalent unit for direct material and conversion cost. [CLO3, C3]
(6 marks)
b) Cost per equivalent unit. [CLO3, C3]
(4 marks)
c) Cost finished good and ending work in process. [CLO3, C3]
(4 marks)
ii) Prepare the related journal for January 2017. [CLO3, C3]
(6 marks)

QUESTION 3 (20 MARKS) 25 minutes

Omarama Company uses standard cost accounting system. The following information for June 2018:
Standard Actual
Productions unit 10,400 10,200
(normal capacity)
Direct material:
Purchased(kg) - 26,500
Used(kg) 24,960 25,500
Total purchased (RM) 74,880 82,150
Direct labour:
Rate perhour RM1.00 RM0.90
Working hours 20,800 20,700

Manufacturing Overhead:
Total overhead RM59,904 RM58,732
Fixed overhead RM43,680 RM43,000
(applied overhead based on direct
labour hours)

REQUIRED :
Calculate:
a) Standard cost production perunit.[ CLO 2, C3] ( 5 marks)
b) Price Variance and Quantity Variance [ CLO 2, C4] ( 8 marks)
c) Rate Variance and Efficiency Variance [ CLO 2, C4] ( 7 marks)

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QUESTION 4 (25 MARKS) 45 minutes

(a) Production information of Restu Sdn. Bhd. for March is as follows:

Unit
Begining Inventory 500
Production 4,100
Sales 4,300
Ending Inventory 300
RM
Sales price per unit 158
Variable cost perunit:
Direct material 22
Direct labour 60
Manufacturing overhead 5
Sales and administration: 9
Fixed cost:
Manufacturing overhead 94,300
Sales and administration 47,300

REQUIRED:
(i) Calculate the cost per unit by using absorption costing and marginal costing.
[CLO 1, C4) (5 marks)
(ii) Prepare Statement of Comprehensif Income for the month ended 31 Mac 2017 by using
two (2 ) methods : (CLO 2, C4)
(a) Absorption costing
(b) Marginal costing (17 marks)
(iii) Prepare adjustment for net profit for both method (CLO 1, C4) (3 marks)