基础学习f2管理会计2017年-joseph chow1006全59讲练习

ACCAACCASession10Process1、ThenatureofprocessXissuchthatthereisneveranyworkinprogressattheendoftheDuringJuly1,000gallonsofliquidA,for3,910,wereprocessed.Theoutputof920gallonswaspassedon→the≠xtprocess.Forevery100gLabourOverheadsWhatisthecostperunitofoutputforJuly(tothenearestcent)?D、2、Achemicalrefiningprocessincurredthefollowingcostsina C、D、二、选择1、TherewasnoopeningworkinDuringthemonth8,250unitswereboughtinataof453,750.Aofthemonth,therewere1,600units∈work∈progress,be∈ <1>、HowmanyequivalentunitswereproducedinthemonthinrespectoflabourA、C、D、<2>、Whatisthecostperunittransferredtofinishedgoodstothenearest$)?D、<3>、ProcessXhadnoopeninginventory.2,000unitsofrawmaterialtransferredinatacostof25,680.Additionalmaterial,labourandoverheadswereadde Closinginventorywas50%completeinrespectofprocessX.1,730completedunitsweretransferredoutoftheprocess.WhatwastheclosinginventoryinprocessXtothenearest$)?D、<4>、Achemicalrefiningprocessincurredthefollowingcostsinaishedg∞ds.Thenormallossomtheprocessis20%of∈putweightandthiscanbesoldasscrapfor1perWhatisthenetvalueoftheabnormalgainrecordedin ’scostD、1、Corcoranoperatesseveralmanufacturingprocesses.InprocessG,jointproducts(P1andP2)arecreatedintheratio5:3byvolumefromtherawmaterialsinput.Inthisprocessanormallossof5%oftherawmaterialinputisexpected.Losseshavearealisable Abnormalgain1,000litresOthercostsDirectlabour180,000Directexpenses54,000Productionoverheads110%ofdirectlabourcost.PreparetheprocessGaccountforlastmonthinwhichboththeoutputvolumesandvaluesforeachofthejointproductsareshownseparay.(7marks) cansellproductP1for20perlitreaofprocessG.Itisconsider∈ng∈processHwod−cost4perlitreinputfromprocessG.InprocessHtherewouldbeanormallossinvolumeof10%oftheinputtothatprocess.Thislosshasnorealisablevalue.Productcouldbesoldfor$26perInthecontextofprocessGinCorcoran,exinthedifferencebetweenexpenses”and“productionoverheads”.(2(9marks)Produceasplitofthejointcostsphysicalvolumes;netrealisablevalues.(9Setoutothermethodsthatcouldbeusedtosplitthesejointcostsandmethodsofdealingwithby-products.(5marks)(14marks)1、ChemicalXisprocessedinbatchesandthereisnoworkinprogress.Normallossis10%ofinput,resultingfromskimming.Inputtobatch639wasasfollows:Outputwas8,800litres.1,200litreswereskimmedoffandsoldfor0.18perlitre.Recordthisinformationinaprocessaccount,anormallossaccountandanabnormal2、Needlesoperatesaprocesscostingsystem.ProductiondetailsforoneproductionprocessforMarchshowedtheMaterials∈put(5,000kgs)150,000Directlabour70,000Productionoverheads20,000—— put,therema∈∈g5%represent∈gtrimlosswhichcanbesoldfor10perActualproductionwas4,500kgs,theremaining500kgsbeingsoldfortheexpectedacostperkgofthecostofthe4,500kgsproduced;theamountwrittenoffinrespectofanyabnormalamountsoftrimRecordthedetailsofMarch’sproductionaprocessaccount;awasteACCAPAGEACCAPAGE3ACCAPAGEACCAPAGE45、Oasismanufacturesasingleproductonacontinuousbasis.Itisconsiderednormalforsomeunitstobespoiledduringmachiningandfinishing.Todeterminewhichunitsarespoiled,qualityinspectionisautomaticallycarriedoutattheendoftheprocess.Spoiledunitscanbesoldasscrap Conversion(directandoverhead)$249,600Preparetheprocessaccount,normalandabnormalwasteaccounts.(8Showthedifferenceitwouldmaketotheunitvalueoffinishedgoodsiftheestimateofnormalspoilagewerechangedto1%ofunitsACCAPAGEACCAPAGE6CalculatethefollowinginrespectofthemonthofOctoberassumingaweightedaverageflowofthetotalvalueattachedtothecompletedunitsinthemonth;and(10thevalueoftheclosingworkinprogressshowingthetotalandtheseparateamountsfordirectlabour,directmaterialsandACCAACCA7AssumingaFIFOflowofcosts,determinethevalueclosingworkinprogress;the1,000unitsReworkthesecalculationsusinganaveragevaluation1【正确答案【答案解析Totalinputcosts=7,820Expectedoutput=850Costperunit=7,820/850=$9.20(Costisbasedonnormallevelsofproduction,notactualproduction.) 【正确答案【析 二、选择题1【正确答案【析【答疑编 【正确答案【析【答疑编 【正确答案【析【答疑编 【正确答案 1(b)DifferencebetweendirectexpensesandproductionDirectexpensesarecosts,otherthanmaterialandlabour,whicharespecificallytraceabletotheprocess(G).Forexample,thecostofhiringspecialequipm