Module Code: INS2109

Component No: 001 Paper Type: Assignment

Module Title: Managerial Accounting

Submission By the end of week 13

Student’s full name: Ha Thi Thuy Trang

Student’s ID:

Hanoi Beer - Alcohol - Beverage

Joint Stock Corporation

Hanoi, Nov 18, 2022

Contents
1
PART 1:....................................................................................................................................................2
PART 2:....................................................................................................................................................4

INTRODUCTION
2
The forerunner of Hanoi Beer - Alcohol - Beverage Corporation is Hommel Brewery built by the
French in 1890, which is the beginning of a small flow along with the ups and downs of Thang Long. -
Hanoi. On August 15, 1958, the whole country was excited to celebrate the 13th anniversary of the
successful August Revolution, giving birth to the Democratic Republic of Vietnam, four years of the
capital's complete liberation; The first Vietnamese beer bottle bearing the Truc Bach brand was born in
the great joy and emotion of the factory's employees.

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I. PART 1:
1. General information:
a. Company name, company tax number, address:
- Full name in Vietnamese: Tổng Công ty cổ phần Bia - Rượu - Nước giải khát Hà Nội
- English name: Hanoi Beer - Alcohol - Beverage Joint Stock Corporation
- Short name: HABECO
- Address: 183 Hoang Hoa Tham- Ba Dinh District- Hanoi
- Tel: (04).38453843 Fax: (04).37223784
- Website: www.habeco.com.vn
- Total charter capital: 2,318 billion VND
b. Firm type (corporation, partnership, or proprietorship and so on): HABECO is Joint Stock
Corporation
c. Company legal presentative: The legal representative for HABECO is Mr Ngo Que Lam
d. Industry in which the company is operating: According to the Business Registration Certificate,
the business lines of HABECO Corporation include the following main lines:
The first is Production and trading: Beer, Wine, NGK, alcohol, supplies, raw materials,
equipment and spare parts related to beer, wine and beverage production; packaging and branding
for the beer, wine and beverage industry.
Secondly, consulting services, training, research, technology transfer, design, manufacture,
INTERIOR INSPECTION, installation and construction of specialized projects Beer, Wine, NGK
And Central real estate business commercial, hotel, office, house for rent; Business trip,
restaurant, food service
e. Main products: the company must produce two (02) products:
Hanoi bottled beer: Oriented as the core product of the Hanoi beer brand in general, Hanoi
bottled beer has an annual output that accounts for 70% of the total output of HABECO's products.

Truc Bach IPA Craft Beer: - HABECO's first craft beer line, created by talented brewers with
a meticulous brewing process and premium ingredients including 100% barley malt, a special
yeast strain, and 5 types of Houblon flowers.
f. Firm size in terms of assets, liability, equity, and number of employees:
Currently, the Corporation has 16 subsidiaries, 7 affiliated companies and 5 other capital-
contributing companies, with a total staff of 3746 employees
Hanoi Beer - Alcohol - Beverage Joint Stock Corporation has the following assets, liabilities and
equity as at 31-DEC-2021:

STATEMEN
CODE NAME CODE BEGINNING YEAR ENDING YEAR
T
270 TOTAL ASSETS   7,684,082,600,975. 7,087,013,612,4

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 STATEMEN
CODE NAME CODE BEGINNING YEAR ENDING YEAR
T
0 18.0
4,500,763,443,175. 4,342,027,681,1
100
Short-term assets   0 12.0
3,183,319,157,800. 2,744,985,931,3
200
Long-term assets   0 06.0
1,948,544,585,402. 2,329,311,540,7
300
LIABILITIES   0 11.0
1,746,185,904,092. 2,181,447,804,0
310
Short-term liabilities   0 81.0
202,358,681,310. 147,863,736,6
330
Long-term liabilities   0 30.0
5,735,538,015,573. 4,757,702,071,7
400
EQUITY   0 07.0
5,733,808,658,790. 4,756,240,023,1
410
Owner's equity   0 80.0
Other sources and 1,729,356,783. 1,462,048,5
430
funds   0 27.0

2. Products, production and others.

a. Product features:
Hanoi bottled beer: For domestic beer lovers, Hanoi bottled beer is a familiar choice in dining
gatherings, whether it's a family meal or a fun time with friends. Hanoi bottled beer is trusted not only
because of its stable quality, but also because it is a prestigious Vietnamese brand associated with
Hanoi capital and widely known by international friends.
b. Describe production process:
Packing specifications and packing materials:
+ Packing: Net volume at 20 °C: 450 ml.
+ Bottled beer is packed in plastic tanks, or cartons of the Corporation, transported by clean dry
vehicles, when loading and unloading must be gentle, avoiding strong impacts.
Packaging material:
+ The product comes in a special glass bottle and is sealed with a tin-coated iron cap (with food grade
neoprene liner).
+ Packaging materials, direct contact materials ensure food safety according to regulations of the
Ministry of Health.
c. Market and customers: Customers are people 18 years of age or older. Hanoi bottled beer has a
strong position in the markets of the northern provinces and cities. Besides, confident with the quality
and brand strength of this product, HABECO has now exported Hanoi bottled beer to markets in
Taiwan, Korea, and Australia.

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II. PART 2:
1. Products:
In 2021, HABECO will launch 2 new drinking water products. Two products are expected in terms
of quantity and price as follows:
Actual unit
Product Planned production units Sales volume Selling prices
produced
s (units) (units) (Vietnam Dong)
(units)
Product
Beer made from fresh fruit Bottled 9600 bottled/ month 10.000VND/ bottled
1
Product
Mineral water Bottled 4800 bottled/ month 5.000VND/ bottled
2
2. Cost, cost category and application of cost classification
a. List costs/expenses needed to produce and sell the products. Names of all costs and expenses
must be aligned with characteristics of the chosen firm in Part 1. Amount must be specified in
Vietnam Dong.

Product 1 Product 2

Costs/Expenses
Budgeted Actual Budgeted Actual
costs/expenses costs/expenses costs/expenses costs/expenses

Direct materials 2.000 1.700 1.000 600

Direct labour 1.000 1.100 1.000 1.100

Variable manufacturing 500 300 500 300

overhead

Variable selling expenses 500 0 500 0

Fixed selling expenses 800 200 600 300

Variable administrative 1.000 700 600 500

expenses

Fixed administrative expenses 1.200 800 1.000 1.100

Suppose that the companies cannot chase fixed manufacturing overhead, fixed selling expenses, fixed
administrative expenses to each product.

Costs/Expenses Product 1 and 2

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 Budgeted costs/expenses Actual costs/expenses

Fixed manufacturing overhead

Fixed selling expenses

Fixed administrative expenses

b. Classify above costs into different categories: product cost versus period cost, direct costs versus
indirect costs, and variable costs versus fixed costs. [10 marks]
c. Why costs are needed to classify into different categories? How cost classification links to
absorption costing, variable costing, and cost allocation? [10 marks]
3. Calculating total COGM and COGM per unit for each product [30
marks]
a. Suppose fixed manufacturing overhead is allocated based on direct labor cost,
calculate COGM using (1) absorption costing and (2) variable costing. Cost
allocation must be applied and Schedule of COGM must be prepared.
[20 marks]
b. Why cost allocation is important in cost accounting?
[10 marks]
4. Prepare Income Statements: [20 marks]
c. Prepare Income statements for (1) absorption costing and (2) variable costing [10 marks]
d. Why do firms need both absorption costing and variable costing? [10 marks]
Total marks [100 marks]