亨格瑞管理会计英文第15版练习答案解析.doc
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亨格瑞管理会计英文第15版练习答案解析.doc
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WORD完美格式
CHAPTER4
COVERAGEOFLEARNINGOBJECTIVES
LEARNINGOBJECTIVE
FUNDA-
MENTALASSIGN-MENT
MATERIAL
CRITICALTHINKINGEXERCISESANDEXERCISES
PROBLEMS
CASES,EXCEL,COLLAB.&INTERNETEXERCISES
LO1:
Describethepurposesofcostmanagementsystems.
31,34
50
LO2:
Explaintherelationshipbetweencost,costobject,costaccumulation,andcostassignment.
45
56
LO3:
Distinguishbetweendirectandindirectcosts.
A1,B1
36,37,38,39,44
45,49
56
LO4:
Explainthemajorreasonsforallocatingcosts.
B2
33,41
46
54
LO5:
Identifythemaintypesofmanufacturingcosts:
directmaterials,directlabor,andindirectproductioncosts.
36,37,38,39
LO6:
Explainhowthefinancialstatementsofmerchandisersandmanufacturersdifferbecauseofthetypesofgoodstheysell.
A2
57,60,61
LO7:
Understandthemaindifferencesbetweentraditionalandactivity-basedcostingsystemsandwhyABCsystemsprovidevaluetomanagers.
A3,A4,B3,B4
33,40,41,42
48,49,50
55,56,57,58,59,60,61
LO8:
Useactivity-basedcostinformationtomakestrategicandoperationalcontroldecisions.
A4,B4
32,37,43
48,49,50
55,56,60
CHAPTER4
CostManagementSystemsandActivity-BasedCosting
4-A1 (20-30min.)
SeeTable4-A1onthefollowingpage.
4-A2(25-30min.)
1. MerchandiseInventories,1,000devices@$97 $97,000
2. Directmaterialsinventory $40,000
Work-in-processinventory 0
Finishedgoodsinventory 97,000
Totalinventories $137,000
3.
NILEELECTRONICSPRODUCTS
StatementofOperatingIncome
FortheYearEndedDecember31,20X9
Sales(9,000unitsat$170) $1,530,000
Costofgoodssold:
Beginninginventory $0
Purchases 970,000
Costofgoodsavailableforsale $970,000
Lessendinginventory 97,000
Costofgoodssold(anexpense) 873,000
Grossmarginorgrossprofit $657,000
Lessotherexpenses:
selling&administrativecosts 185,000
Operatingincome(alsoincomebeforetaxes
inthisexample) $472,000
技术资料专业整理
TABLE4-A1
STATEMENTOFOPERATINGINCOME OPERATINGINCOMEBYPRODUCTLINE
EXTERNALREPORTINGPURPOSE INTERNALSTRATEGICDECISIONMAKINGPURPOSE
Custom Large Small
Detailed Std. Std. CostType,AssignmentMethod
Sales $155,000 $30,000 $45,000 $80,000
Costofgoodssold:
Directmaterial 40,000 5,000 15,000 20,000Direct,DirectTrace
Indirectmanufacturing 41,000 28,0001 5,000 8,000Indirect,Alloc.–Mach.Hours
81,000 33,000 20,000 28,000
Grossprofit 74,000 (3,000) 25,000 52,000
Sellingandadministrativeexpenses:
Commissions 15,000 1,500 3,500 10,000Direct,DirectTrace
Distributiontowarehouses 10,400 1,0002 3,000 6,400Indirect,Allocation-Weight
Totalsellingandadmin.expenses 25,400 2,500 6,500 16,400
Contributiontocorporateexpenses
andprofit 48,600 $(5,500) $18,500 $35,600
Unallocatedexpenses:
Administrativesalaries 8,000
Otheradministrativeexpenses 4,000
Totalunallocatedexpenses 12,000
Operatingincomebeforetax $36,600
1Totalmachinehoursis1,400+250+400=2,050.Indirectmanufacturingcostpermachinehouristhen$41,000÷2,050=$20.Theallocationtocustomdetailedis$20×1,400machinehours=$28,000.
2Totalweightshippedis25,000kg+75,000kg+160,000kg=260,000kg.Indirectdistributioncostsperkilogramisthen$10,400÷260,000kg=$0.04.Theallocationtocustomdetailedis$0.04×25,000kg=$1,000.
技术资料专业整理
4. ORINOCO,INC.
StatementofOperatingIncome
FortheYearEndedDecember31,20X9
Sales(9,000unitsat$170) $1,530,000
Costofgoodsmanufacturedandsold:
Beginningfinishedgoodsinventory $0
Costofgoodsmanufactured:
BeginningWIPinventory $0
Directmaterialsused 530,000
Directlabor 290,000
Indirectmanufacturing 150,000
Totalmfg.coststoaccountfor $970,000
Lessendingwork-in-
processinventory 0 970,000
Costofgoodsavailableforsale $970,000
Lessendingfinishedgoodsinventory 97,000
Costofgoodssold(anexpense) 873,000
Grossmarginorgrossprofit $657,000
Lessotherexpenses:
sellingandadministrativecosts 185,000
Operatingincome(alsoincomebeforetaxes
inthisexample) $472,000
5. Thebalancesheetforthemerchandiser(Nile)hasjustonelineforinventories,theendinginventoryoftheitemspurchasedforresale.Thebalancesheetforthemanufacturer(Orinoco)hasthreeitems:
directmaterialsinventory,work-in-processinventory,andfinishedgoodsinventory.
Theincomestatementsaresimilarexceptforthecomputationofcostofgoodsavailableforsale.Themerchandiser(Nile)simplyshowspurchasesfortheyearplusbeginninginventory.Incontrast,themanufacturer(Orinoco)showsbeginningwork-in-processinventoryplusthethreecategoriesofcostthatcomprisemanufacturingcost(directmaterialsused,directlabor,andfactory(ormanufacturing)overhead)andthendeductstheendingwork-in-processinventory.Themanufacturerthenaddsthebeginningfinishedgoodsinventorytothiscostofgoodsmanufacturedtogetthecostofgoodsavailableforsale.
6. Thepurposeisprovidingaggregatemeasuresofinventoryvalueandcostofgoodsmanufacturedforexternalreportingtoinvestors,creditors,andotherexternalstakeholders.
4-A3 (10-15min.)
Therecanbemanyjustifiableanswersforeachitemotherthanthelistedcostdriverandbehavior.ThepurposeofthisexerciseistogenerateanactivediscussionregardingthosechosenbyFirstBank’smanagers.Onepointthatshouldbeemphasizedisthatmanytimesmanagerschoosecostdriversthatarenotthemostplausibleorreliablebecauseoflackofdataavailability.Costdriversarealsousedasabasistoallocateactivityandresourcecostsandsotheavailabilityofdataisoftenanimportantconsideration.
Activity
Or Cost
Resource CostDriver Behavior
a.* R Numberofsquarefeet F
b.** R Numberofpersonhours F
c. R Numberofcomputertransactions V
d. A Numberofschedules
e. R Numberofpersonhours F
f. R Numberofloaninquiries V
g.*** A Numberofinvestments
h. A Numberofapplications
i. R Numberofpersonhours V
j. R Numberofminutes V
k. R Numberofpersonhours F
l. A Numberofloans
*Anargumentcanbemadethatmaintenanceofthebuildingisanactivity.Ifthiswasthecase,resourcessuchassuppliesandlaborwouldberesourcesconsumed,andseveralresourcecostdriverswouldbeneeded.Inaddition,aseparateresourceandassociatedcostdriverwouldbeneededforinsurancecosts.However,thecompanyhadacontractformaintenance(fixedprice),sothiswasafixed-costresourcethatwasaddedtootheroccupancycostssuchasinsurance.Thecostdriverchosenforalltheseoccupancycostswassquarefeetoccupiedbythevariousdepartments.
**Normally,thecostdriverusedforanylaborresourceispersonhours.Itisassumedthatthestaffpersonhoursusedareregularhoursratherthanovertimeortemporarylaborhours.Thus,thecostisfixedwithrespecttochangesinhoursused.Asthehoursusedincreases(decreases)theutilizationoftheresourcesincreases(decreases)andeventually,managementwillneedtomakeadecisionwhethertoexpandcapacity(orwhethertocutbackonlabor).Thisisanexampleofastepcostthatisfixedoverwiderangesofcost-driverlevel.
***Studentsmaytrytodeterminethecostbehaviorofactivitieseventhoughtheproblemrequirementsdonotaskforit.Pointoutthatactivitiesalmostalwayshavemixedcostbehaviorbecausetheyconsumevariousresources.Someofthesearefixed-costandothersvariable-costresources.Forexample,theactivity“researchtoevaluatealoanapplication”consumessuchfixed-costresourcesasmanagerlabortimeandcomputers(assumedownedbythebank).Thisactivityalsoconsumesvariable-costresourcessuchastelecommunicationstimeandexternalcomputingservices.
4-A4 (20-30min.)
1. Thefirststepistodeterminethecostpercost-driverunitforeachactivity:
Monthly Cost- Costper
Manufacturing Driver Driver
Activity[Costdriver] Overhead Activity Unit
MaterialHandling[Directmaterialscost] $12,000 $200,000 $0.06
Engineering[Engineeringchangenotices] 20,000 20 1,000.00
Power[Kilowatthours] 16,000 400,000 0.04
TotalManufacturingOverhead $48,000
Next,thecostsofeachactivitycanbeallocatedtoeachofthethreeproducts:
PHYSICALFLOW/ALLOCATEDCOST
Cost Senior Basic Deluxe
MaterialHandling $.06×25,000=$1,500 $.06×50,000=$3,000 $.06×125,000=$7,500
Engineering $1,000×13=13,000 $1,000×5=5,000 $1,000×2=2,000
Power $.04×50,000=2,000 $.04×200,000=8,000 $.04×150,000=6,000
Total $16,500 $16,000 $15,500
2. Overheadratebasedondirectlaborcosts:
Rate=Totalmanufacturingoverhead÷Totaldirectlaborcost
=$48,000÷$8,000=$6.00/DL$
Overheadallocatedtoeachproductis:
Senior:
$6.00×4,000 = $24,000
Basic:
$6.00×1,000 = 6,000
Deluxe:
$6.00×3,000 = 18,000
Total $48,000
NoticethatmuchlessmanufacturingoverheadcostisallocatedtoBasicusingdirectlaborasacostdriver.Why?
BecauseBasicusesonlyasmallamountoflaborbutlargeamountsofotherresources,
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