題目

A company manufactures two joint products and one by-product in a single process. Data for November are as follows.

??????????????????????????????????????????????????? $

Raw material input??????????????? 216,000

Conversion costs????????????????? ?72,000

There were no inventories at the beginning or end of the period.?

?????????????????????????????????????????????????????????????? Output???????????????????????????????????? Sales price?

??????????????????????????????????????????????????????????????? Units?????????????????????????????????????? $ per unit

Joint product E???????????????????????????????????????21,000??????????????????????????????????????????? 15

Joint product Q????????????????????????????????????? 18,000??????????????????????????????????????????? 10

By-product X?????????????????????????????????????????? 2,000???????????????????????????????????????????? ?2

By-product sales revenue is credited to the process account. Joint costs are apportioned on a sales value basis. What were the full production costs of product Q in November (to the nearest $)?

A

$102,445

B

$103,273

C

$104,727

D

$180,727

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Chapter12Processcosting,jointproductsandby-products

Net process costs

????????????????????????????????????????????????????? ????????? ?? $

Raw material input?????????????????????????????????216,000

Conversion costs????????????????????????????????????72,000

Less by-product revenue???????????????????????(4,000)

Net process cost?????????????????????????????????? 284,000

?????????????????????????????????????????????????????????? ?Apportioned

????????????Production?Units????? ?????????????????? ?Sales value$??????????????????????????????????????????????????????????? ? cost

E???????????? ?21,000???????????????? (x $15)????????? 315,000?????????????????? ($284,000 x?315/495)???????????? 180,727

Q???????????? 18,000????????????????? (x $10)????????? 180,000????????????????? ?($284,000 x?180/495)????????????103,273

????????????????????????????????????????????????????????????????? 495,000?????????????????????????????????????????????????????????????????? 284,000?????

多做幾道

Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

A

(i), (ii) and (iii)

B

(i) and (ii)

C

(ii) only

D

None of the statements is true

Which of the following statements is/are correct?

(i) A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.

(ii) An objective is a course of action that an organisation might pursue in order to achieve its strategy.

(iii) Information is data that has been processed into a form meaningful to the recipient.

A

(i), (ii) and (iii)

B

(i) and (iii)

C

(ii) and (iii)

D

(iii) only

Good information should have certain qualities. Which of the following are qualities of good information?(i) Complete(ii) Extensive(iii) Relevant(iv) Accurate

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(ii) and (iv)

D

All of them

Monthly variance reports are an example of which one of the following types of management information?

A

Tactical

B

Strategic

C

Non-financial

D

Operational

Which of the following statements is/are correct?

(i) Information for decision-making should incorporate uncertainty in some way

(ii) The data used to prepare financial accounts and management accounts are the

A

(i) is true and (ii) is false

B

(ii) is true and (i) is false

C

Both are true

D

Both are false

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