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Test 2 Ss - Maf 251 - Jan2023

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3K views4 pages

Test 2 Ss - Maf 251 - Jan2023

Uploaded by

Rusyda Aziz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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CONFIDENTIAL AC/JAN2023/MAF251

UNIVERSITI TEKNOLOGI MARA


TEST 2

SUGGESTED SOLUTIONS

COURSE : COST AND MANAGEMENT ACCOUNTING


COURSE CODE : MAF251
EXAMINATION : JANUARY 2023
TIME : 1 HOUR 15 MINUTES

1
QUESTION 1

a.

DIRECT MATERIAL DIRECT LABOUR


DESIGN DEMAND
(meters) (hours)
Anggun 5,000 (x1.8) 9,000 (x 3) 15,000
Jelita 4,000 (x 2) 8,000 (x 3.5) 14,000
Chantek 3,000 (x 1) 3,000 (x 1.5) 4,500
Required ✓20,000 ✓33,500
Available ✓ 21,000 ✓ 33,000
Excess / (shortage) ✓1,000 ✓ (500)

(✓6 x ½ mark = 3 marks)

b.
ORANGE CHOCOLATE VANILA
RM RM RM
Selling price 120 ✓ 140✓ 80 ✓
Less: VC
Direct material 45✓ 50✓ 25✓
Direct labour 30✓ 35✓ 15✓
Variable overhead 15✓ 10✓ 15✓
Contr/unit 30 45 25

30_ _45 _25_


Contr/LF 3 3.5 1.5
= 10 ✓ = 12.86 ✓ = 16.67 ✓
Ranking 3✓ 2✓ 1✓

Total Direct labour Hours available 33,000 hours


DL TOTAL DL
PRODUCT DEMAND HOURS/UNIT HOURS BALANCE DL HOURS
Vanila 3,000 ✓ 1.5 4,500 ✓33,000-4500 = 28,500
Chocolate 4,000 ✓ 3.5 14,000 28,500-14,000=14,500
Orange 4833 ✓✓ 3 14,500 14,500 – 14,500 =0✓

(✓24 x 1/2 mark = 12 marks)

2
c.
PRODUCT DEMAND CONTR/UNIT TOTAL CM (RM)
Orange 4833 30 144,990 ✓of
Chocolate 4,000 45 180,000 ✓ of
Vanila 3,000 25 75,000 ✓ of

Total Contribution 399,990


Fixed Cost 150,000 ✓
Net profit 249,990

(✓4 x ½ mark =2 marks)

d. Choose three (3) examples of factors that could give constraint in production.

Material, labour hour, machine hour, capital, space etc. (any 3) ✓✓✓

(✓3 x 1 = 3 marks)

(Total: 20 marks)

QUESTION 2

a. Contribution margin forgone from drawer cabinet.


(880√ – 680√) x 1200√ = RM240,000

(3√ x 1 = 3 marks)

b.
Cost of making: RM Cost of buying: RM
Raw materials (10 x 1.05 x 45,000) √√472,500 Purchase (45,000 x 43) √√1,935,000
Direct labour (11 x 45,000) √ 495,000 (-) Rent √ (60,000)
VOH (25 x 0.6 x 45,000) √√ 675,000 (-) FOH √ (30,000)
Special machine √128,000 (+) Transportation √ 60,000
Opportunity cost √of 240,000

Relevant costs 2,010,500 1,905,000

(12√ x 1 = 12 marks)

c. The company should continue buy√of the solid wood panel as it will save
RM105,500√ of (RM2,010,500-1,905,00)
(2√ x 1 = 2 marks)

3
d. 3 qualitative factors in a make OR buy decisions:

If make:
1. The expertise/ technical knowledge to produce the component.
2. The availability of the resources required i.e. material, machine, labor, etc.
3. The quality of the product to be manufactured
4. Can the product be manufactured and delivered on time?
5. Ability to produce the quantity required.

If buy:
1. The quality of the products supplied by the supplier.
2. Can the product be delivered by the supplier on time?
3. Will the price offered by the supplier change in the future?
4. The brand name used by the supplier.

(Any 3 x 1 = 3 marks)

(Total: 20 marks)

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