KUIS PERBAIKAN AKUNTANSI BIAYA PERTENGAHAN TAHAP I

DIPLOMA IV AKUNTANSI ALIH PROGRAM

1. Period costs include

distribution costs outside processing costs sales commissions
a yes no yes
.
b no yes yes
.
c no no no
.
d yes yes yes
.
2. The distinction between direct and indirect costs depends on whether a cost
a. is controllable or non-controllable.
b. is variable or fixed.
c. can be conveniently and physically traced to a cost object under consideration.
d. will increase with changes in levels of activity.
3. Broussard Company is a construction company that builds houses on special request. What is the
proper classification of the carpenters' wages?

Product Period Direct

a yes yes no
.
b yes no yes
.
c no no no
.
d no yes yes
.
4. Furman Tailors has gathered information on utility costs for the past year. The controller has decided
that utilities are a function of the hours worked during the month. The following information is
available and representative of the companys utility costs:

Hours worked Utility cost incurred

Low point 1,300 $ 903
High point 1,680 1,074

If 1,425 hours are worked in a month, total utility cost (rounded to the nearest dollar) using the high-
low method should be
a. $947.
b. $954.
c. $959.
d. $976.

5. Birmingham Machine Works had the following data regarding monthly power costs:

Month Machine hours Power cost

Jun 300 $680
Jul 600 720
Aug 400 695
Sept. 200 640
 Assume that management expects 500 machine hours in October. Using the high-low method,
calculate Octobers power cost using machine hours as the basis for prediction.
a. $700
b. $705
c. $710
d. $1,320

6. Which of the following is true about the coefficient of determination R2?

a. R2 is the probability that the actual value will be included in the confidence interval.
b. An R2 of 95% means that 95% of the data points fall on the equation line.
c. A negative R2 means that as activity increases, costs will decrease.
d. R2 measures the percentage of the total variability of the costs that is explained by the equation
line.
e. None of the above are true.

Wilson Company

The following information has been taken from the cost records of Wilson Company for the past year:
Raw material used in production $326
Total manufacturing costs charged to production during the year (includes direct 686
material, direct labor, and overhead equal to 60% of direct labor cost)
Cost of goods available for sale 826
Selling and Administrative expenses 25

Inventories Beginning Ending

Raw Material $75 $ 85
Work in Process 80 30
Finished Goods 90 110

7. Refer to Wilson Company. The cost of raw material purchased during the year was
a. $316.
b. $336.
c. $360.
d. $411.
8. Refer to Wilson Company. Direct labor cost charged to production during the year was
a. $135.
b. $216.
c. $225.
d. $360.
9. Refer to Wilson Company. Cost of Goods Manufactured was
a. $636.
b. $716.
c. $736.
d. $766.
10. Job order costing and process costing have which of the following characteristics?

Job Order Costing Process Costing

a homogeneous products
. and large quantities
b homogeneous products
. and small quantities
c heterogeneous products
. and large quantities
heterogeneous products
and small quantities
heterogeneous products
and large quantities
homogeneous products
and small quantities
 d heterogeneous products homogeneous products
. and small quantities and large quantities

11.A credit to Work in Process Inventory represents

a. work still in process.
b. raw material put into production.
c. the application of overhead to production.
d. the transfer of completed items to Finished Goods Inventory.

12. Which of the following statements about job order cost sheets is true?
a. All job order cost sheets serve as the general ledger control account for Work in Process
Inventory.
b. Job order cost sheets can serve as subsidiary ledger information for both Work in Process
Inventory and Finished Goods Inventory.
c. If material requisition forms are used, job order cost sheets do not need to be maintained.
d. Job order cost sheets show costs for direct material and direct labor, but not for manufacturing
overhead since it is an applied amount.

Jackson Company.

Jackson Company uses a job order costing system and the following information is available from its
records. The company has three jobs in process: #6, #9, and #13.

Raw material used $120,000

Direct labor per hour $8.50
Overhead applied based on direct labor cost 120%

Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25
percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500;
3,100; and 4,200; respectively. Indirect labor is $33,000. Other actual overhead costs totaled $36,000.

13. Refer to Jackson Company. What is the prime cost of Job #6?
a. $42,250
b. $57,250
c. $73,250
d. $82,750

14. Refer to Jackson Company. How much overhead is applied to Work in Process?
a. $ 69,000
b. $ 99,960
c. $132,960
d. $144,000

15. Refer to Jackson Company. If Job #13 is completed and transferred, what is the balance in Work in
Process Inventory at the end of the period if overhead is applied at the end of the period?
a. $ 96,700
b. $ 99,020
c. $139,540
d. $170,720