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ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment

ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment

ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment

Use MS WORD or EXCEL or both
Question #1 (20 marks)
E2-43B
E2-44B
Question # 2 (20 marks)
Indirect labour(IDL)$10,600$11,500
Indirect materials (IDM) 4,400 5,000
Total (MOH)$15,000$16,500
DL(direct labour)$12,000$15,000
MOH = a + b*DL cost
Required:
Determine parameters a and b. (6 marks)
If DL cost is$13,200, how much would be allowed for IDL and IDM, individually?
Hint: Find the linear relationship between MOH and IDM (14 marks)
That is estimate MOH = c + d*IDM
Question #3 (40 marks)
Year 1Year 2
Units produced1,0001,000
Units sold 7001,300
Total sales$7,000$13,000
Total costs
Production:
Variable$2,000$2,000
Fixed 1,800 1,800
Selling and administration:
Variable$ 700$1,300
Fixed 2,800 2,800
(For Year 1)
Required:
Prepare income statement using variable costing. (8 marks)
Prepare income statement using absorption costing (8 marks)
Reconcile the differences in income. (4 marks)
(For Year 2)
Required:
Prepare income statement using variable costing. (8 marks)
Prepare income statement using absorption costing (8 marks)
Reconcile the differences in income. (4 marks)
Question #4 (20 marks)
P3-72B

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