Antwoordsleutel Midterm 2012

Er waren drie geheime versies. U weet pas in welke groep u zat na publicatie van het resultaat OF als
u op een of meer vragen let waarvan u zeker weet dat u het goed hebt, en het antwoord verschilt
tussen de versies, en u zoekt deze vragen terug in de gepubliceerde versie.

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Correct Groep 2 Groep 3

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Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

Numerical solutions:
Question 5
1,000 250 160 = 590
Question 6
60 + 10 + 18 + 32 = 120
Question 7
4 + 16 = 20
Question 8
Cost of Goods Manufactured Schedule
Direct materials used
Direct manufacturing labor
Manufacturing overhead
Depreciation of manufacturing equipment
Indirect manufacturing labor
Indirect materials
Miscellaneous plant overhead
Plant utilities
Property taxes on building
Manufacturing costs incurred
Add beginning work-in-process inventory
Total manufacturing costs
Less ending work-in-process inventory
Cost of goods manufactured

378,000
480,000
264,000
186,000
84,000
135,000
92,400
28,800

790,200
1,648,200
140,400
1,788,600
171,000
1,617,600

Question 11
Cost driver rate for machining:

$500,000
= $25 per machine hour
20,000 machine hours
Cost driver rate for finishing:

$400,000
= 80% of direct labor cost.
$500,000

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

Question 12
Service Dept. Cost Allocation: Direct Method
Service Departments
Maintenance
Power
Directly
identified
costs
750,000
450,000

Production Departments
Casting
Assembly

150,000

110,000

Allocation of
Maint. Dept.
a
Costs

(750,000)

500,000

250,000

Allocation of
Power Dept.
b
Costs

(450,000)

250,000

200,000

900,000

560,000

80,000
40,000

750,000
= 500,000; 750,000
= 250,000
80,000 + 40,000
80,000 + 40,000

200,000
160,000

450,000
= 200,000
= 250,000; 450,000
200,000 + 160,000
200,000 + 160,000

$900,000
80,000 machine hours
= $11.25 per machine hour

Cost driver rate: Casting =

$560,000
60,000 direct labor hours
= $9.33 per direct labor hour

Cost driver rate: Assembly =

Direct labor and material costs

32.000

Support costs:
Casting (1 11.25)
Assembly (0.5 9.33)
Unit cost

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

11.250
4.665

15.915
47.915

Question 13

M = $750,000 + 01
.P
P = $450,000 + 0.4 M
Therefore,
M = 750,000 + 0.1 (450,000 + 0.4 M)
M = 795,000 + 0.04 M
0.96 M = 795,000

$795,000
= $828,125
0.96
P = 450,000 + 0.4 $828,125 = $781,250
M=

Casting
Directly
identified
costs

Assembly

150,000

110,000

828,125 40% = 331,250

828,125 20% = 165,625

781,250 50% = 390,625

781,250 40% = 312,500

871,875

588,125

Allocation
of Maint.
Dept. costs
Allocation
of Power
Dept. costs

$871, 875
80, 000
= $10.8984 per machine hour
=

Cost driver rate: Casting

Cost driver rate: Assembly

$588,125
60, 000
= $9.8021 per labor hour
=

Direct labor and material costs

32.0000

Support costs:
Casting (1 10.8984)
Assembly (0.5 9.8021)
Unit cost

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

10.8984
4.9011

15.7995
47.7995

Question 14
Budgeted contribution per unit = 11.60 - 3.40 (5% x 11.60) = 7.62
Break-even point (units) = (430,500 + 198,150) / 7.62 = 82,500 units
Break-even point (sales value) = 82,500 x 11.60 = 957,000
Budgeted Sales = 1,044,000 = 90,000 x 11.60
Margin of safety () = 1,044,000 - 957,000 = 87,000
Margin of safety (%) = 87,000 / 1,044,000 = 8.3%
Question 15
Budgeted contribution per unit = 12.25 - 3.40 (8% x 12.25) = 7.87
Break-even point (units) = (430,500 + 198,150) / 7.87 = 79,879 units
Question 16
Total budgeted contribution = 80,000 x 4 + 20,000 x 5 = 420,000
Average contribution per unit = 420,000 / 100,000 = 4.20
Break-even point (units) = 273,000 / 4.20 = 65,000 units
Average selling price per unit = (80,000/100,000) x 12 + (20,000/100,000) x 8 = 11.20
Break-even point (sales revenue) = 65,000 x 11.20 = 728,000
Question 17
Number of sales units required
to earn target net profit, given
manufacturing changes

new fixed costs + target net profit

new unit contribution margin
$306,000 + $200,000 *
=
$16
= 31,625 units
=

*Last year's profit: ($50)(25,000) $1,050,000 = $200,000

New unit contr. margin $16 = $20 - $4.00 ($9.00 $5.00 increase in the unit cost of the new part)
Question 18

unit contribution margin

sales price
$20
Old contribution - margin ratio =
= .40
$50 *
Contribution - margin ratio =

*Sales price, given in problem.

Let P denote the price required to cover increased direct-material cost and maintain the same
contribution margin ratio:

P $30 * $4
P
P $34
.60P
P

= .40
= .40P
= $34
= $56.67 (rounded)

* Old unit variable cost = $30 = $750,000 25,000 units

Increase in direct-material cost = $4

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

Question 19
Manufacturing support cost driver rate

$11,500, 000
100, 000 + 300, 000
= $28. 75 per direct labor hour.
=

Costs Per Unit

Product Y37

Product X21

Direct materials cost

120.00

Direct labor cost

2 10
3 15

20.00

Manufacturing support cost

28.75 (100,00050,000)
28.75 (300,000100,000)

57.50

140.00

45.00

86.25

Unit cost

197.50

271.25

Question 20
Costs Allocated to Products

Activity
Handling

Activity Costs

Cost
Driver
Quantity

Cost Driver
Rate

X21

Y37

3,000,000

60,000

50

50 40,000

50 20,000

2,400,000

20,000

120

120 12,000

120 8,000

3,300,000

3,000

1,100

1,100 2,000

1,100 1,000

2,800,000

14,000

200

200 8,000

200 6,000

7,240,000

4,260,000

Number
of parts
Design
changes
Setups
Total

11,500,000

Costs Per Unit

Direct materials cost
Direct labor cost
Manufacturing support cost
7,240,000 50,000
4,260,000 100,000
Unit cost

X21
120.00

Y37
140.00

20.00

45.00

144.80
42.60
284.80

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions

227.60

Question 22
Slope coefficient = (138,000 120,000) / (4,520,000 4,120,000) = 0.045 per kwh
Constant = 138,000 (0.045 x 4,520,000) = 65,400
Kilowatt-hour estimating equation = -65,400 + 0.045KWH
Question 23
JobHours
1
2

Cumulative
5
4

Cumulative Average
5
9

5
4.5

Learning percentage = 4.5/5 = 0.90

Question 24
Y

=pX
= 5 x 16-0.3219
= 2.048 hours
or 1 unit = 5
2 units = 5 x 0.8 = 4
4 units = 4 x 0.8 = 3.2
8 units = 3.2 x 0.8 = 2.56
16 units = 2.56 x .8 = 2.048 hours

Mid-term Test Management Accounting (BKB0018) 30 January 2012 Solutions