Mentoring

Akuntansi Biaya
UTS Semester Gasal 2015/2016

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Problem I – Preparing COGM and COGS schedule

Messinger company produced a microwave oven. During January 1, 20XX – March 31,
20XX Messinger has produced 100.000 units. Below is the following account balances for
the quarter ending March 31,

WIP (Jan 1) 140.400

WIP (Mar 31) 171.000
FG (Jan 1) 540.000
FG (Mar 31) 510.000
DM used 378.000
Indirect material used 84.000
DML 480.000
Indirect manufacturing labor 186.000
Property taxes on manufacturing plant building 28.800
Salespersons’ company vehicle costs 12.000
Depre of manufacturing equipment 264.000
Depre of office equipment 123.600
Miscellaneous plant overhead 135.000
Plant utilities 92.400
General office expenses 305.400
Marketing distribution costs 30.000
Sales revenue 2.536.600

Required:

a. Calculate total prime cost

b. Calculate total conversion cost
c. Calculate total period cost
d. Prepare COGM statement
e. Prepare COGS statement
f. Prepare an income statement
g. Calculate cost per unit of microwave

Problem II – High low method and regression analysis

Martinez, the financial manager at the Casa Real Restaurant, is checking to see if there is any
relationship between newspaper advertising and sales revenues at the restaurant. She obtains
the following data for the past 10 months.

Month Revenues Advestising Costs

March 50.000 2.000
April 70.000 3.000
 May 55.000 1.500
June 65.000 3.500
July 55.000 1.000
August 65.000 2.000
September 45.000 1.500
October 80.000 4.000
November 55.000 2.500
December 60.000 2.500

She estimates the following regression equation:

Monthly revenue = $ 39.502 + ($ 8.723 x Advertising costs)

Required

1. Plot the relationship between advertising costs and revenue

2. Draw the regression line and evaluate it using the criteria of economic plausability,
goodness of fit, and slope of regression line.
3. Use the high-low method to compute the function, relating advertising costs and
revenues.
4. Using (a) the regression equation and (b) the high-low equation, what is the increase
in revenues for each $1,000 spent on advertising within the relevant range? Which
method should Martinez use to predict the effect of advertising costs on revenues?
Explain briefly!

Problem III – MFOH Journals and calculation

Company’s Factory Overhead Information during the Month of October 2013

Actual Factory Overhead Costs $ 11,150

Actual Unit Produced 3000 units
Actual Machine Hours Used 5,800 Machine Hours

The company has chosen machine hours to allocate the factory overhead rate. Total budgeted
FOH for 2013 was $ 200.000 , while the budgeted machine hours used for 2013 was 100,000
machine hours. The factory overhead will be applied to the product at ratio 2 machine hour
per unit.
Required:

1. Prepare the necessary journal to record MFOH related transactions using (a) actual
cost, (b) normal cost, and (c) standard cost.
2. Prepare the necessary journal to close the MFOH over or under applied using those
three methods, assuming the amount is not material.

Problem IV – JOB COSTING

Elegant Tailor provide custom made dresses and tuxedo for its clients. The company
accumulates its production costs using job order costing system. On Sept 1, 2012, the raw
materials account shows the balance of Rp 15.000.000, and there is no WIP inventory and FG
inventory at the beginning of Sept.

The company uses actual and normal costing to record the production costs incurred during
the period. The following is transactions in Elegant Tailor during Sept 2014.

a. Purchase raw materials ( direct and indirect ) Rp 120.000.000

b. The usage of raw materials during Sept :

DM Job 601 16.000.000

DM Job 602 24.000.000
DM Job 603 30.000.000
Indirect materials 10.000.000
c. All manufacturing payroll are paid in cash. Manufacturing payroll for Sept shows the
following;

DL Job 601 8.000.000

DL Job 602 10.000.000
DL Job 603 14.000.000
Indirect Labor 6.000.000
d. Depreciation expense during September is Rp 36.000.000, and other manufacturing
overhead is Rp 20.000.000
e. Allocation of manufacturing overhead to each job with the rate of Rp 37.500 per
DLH. Job 601,602, and 603 requires 450, 700, and 850 respectively.
f. Transfer the completed job to finished jobs cabinet, jobs completed suring September
are Job 601 and 602.
g. Deliver product of job 601 to the customer with sales price of Rp 80.000.000
Required;

1. Journalize each transaction

2. Determine ending balance of raw materials (direct and indirect), WIP, and ending FG
inventory accounts as of 30 Sept 2014.
3. Determine the over-or-under allocated manufacturing overhead in Sep 2014 and write
off it to COGS.

Problem V - PROCESS COSTING

Problem I

a. Prime cost = DM + DML

= $ 378.000 + $ 480.000 = $ 858.000
b. Conversion cost = DML + MOH
= 480.000 + ( 84.000 + 186.000 + 28.800 + 264.000 + 135.000 + 92.400)
= 1.270.200
c. Period cost = 12.000 + 123.600 + 305.400 + 30.000
= 471.000
d. COGM Statement
Messinger Company
COGM Statement
For the month ended March 31, 20X4
Direct material used 378.000
Direct manufacturing labor 480.000
Factory overhead
Indirect material used 84.000
Indirect manufacturing labor 186.000
Property taxes on man. Plant 28.800
Depreciation of man. Plant 264.000
Mischellaneous plant overhead 135.000
Plant utilities 92.400
Total factory overhead 790.200
Total manufacturing cost 1.648.200
Beginning WIP inventory 140.400
Ending WIP inventory (171.000)
COGM 1.617.600

e. COGS Statement
Messinger Company
COGS Statement
For the month ended March 31, 20X4
FG Inventory, beginning 540.000
COGM 1.617.600
COG available for sale 2.157.600
FG Inventory, ending (510.000)
COGS 1.647.600

f. Income statement

Messinger Company
Income Statement
For the month ended March 31, 20X4
Sales revenue 2536600
COGS -1647600
Gross profit 889000
Operating expenses
Salespersons company vehicle costs 12000
Depreciation of office equipment 123600
General office expenses 305400
 Marketing distribution costs 30000
Total operating expenses -471000
Operating income 418000
Net income 418000

g. Cost per unit :

COGM/ unit produced = 1.617.600/ 100.000 = $ 16, 176 per unit

Problem II - Chapter 10

1 & 2  Gambarkan saja grafik dengan sumbu x sebagai adv cost dan sumbu y sebagai revenue.

 Economic plausability  Whether the relationship between the two variable is

plausable (make sense or not).
 Goodness of fit  Whether the actual results resemble the initial prediction.
 Significance of independent variable / slope of regression line  Show how
signifcant the independent variable affect the dependent variable.

3. High low method

Adv cost Revenue

Highest 4000 80000
Lowest 1000 55000
Difference 3000 25000

- Revenue = a + b (Adv.cost)
- b = delta y/ delta x = 25.000/3000 = 8,33
- 80.000 = a + 8,33 (4000) ; a = 46.680
- Revenue = 46.680 + 8,33 (Adv. Cost)

4. High-low = 46.680 + (8,33 x 1000) = 55.010

Regression = 39.502 + (8,723 x 1000 ) = 48.225
It’s better to use regression method which has been taken every aspect into account
instead of High low method which only consider the highest and the lowest data.

Problem III
Actual Normal Standard
FOH Control 11150 FOH control 11150 FOH control 11150
Cash 11150 Cash 11150 Cash 11150

WIP inv 11150 WIP Inv 11600 WIP Inv 12000

FOH FOH FOH
Control 11150 Allocated 11600 Allocated 12000

no entries FOH Allocated 11600 FOH Allocated 12000

COGS 450 COGS 850
FOH Control 11150 FOH Control 11150
Problem IV – JOB COSTING

JOURNAL
a Raw material 120.000.000
AP 120.000.000

b WIP Inv - Job 601 16.000.000

WIP Inv - Job 602 24.000.000
WIP Inv - Job 603 30.000.000
FOH Control 10.000.000
Raw material 80.000.000

c WIP Inv - Job 601 8.000.000

WIP Inv - Job 602 10.000.000
WIP Inv - Job 603 14.000.000
FOH control 6.000.000
Payroll 38.000.000

Payroll 38.000.000
Cash 38.000.000

d FOH control 56.000.000

Acc. Depr 36.000.000
Cash 20.000.000

e WIP Inv - Job 601 16.875.000

WIP Inv - Job 602 26.250.000
WIP Inv - Job 603 31.875.000
FOH allocated 75.000.000

f FG Inv - Job 601 40.875.000

FG Inv - Job 602 60.250.000
WIP Inv - Job 601 40.875.000
WIP Inv - Job 602 60.250.000

g AR 80.000.000
Sales 80.000.000

COGS 40.875.000
FG inv - Job 601 40.875.000

2. Ending raw material = 15.000.000 + 120.000.000 – 80.000.000 = Rp 55.000.000

WIP Inventory = JOB 603 = 30 jt + 14 jt + 31,875 jt = Rp 75,875 jt

FG Inventory = JOB 602 = Rp 60,25 jt

3. FOH control = 10 jt + 6 jt + 56 jt = 72 jt

FOH allocated = 75 jt
 Variance = 3 jt  overallocated

Jurnal  FOH allocated (dr) 75 jt

COGS (cr) 3 jt

FOH control (cr) 72 jt

Problem V – Chapter 17