# MOJAKOE UTS 2014 A B

```MOJAKOE UTS 2014
AKUNTANSI BIAYA
Dilarang memperbanyak MOJAKOE ini tanpa seijin SPA FEUI.
AB UTS 2014
Problem I  Process Costing  FIFO Method (20%)
Baxter Products manufactures office furniture by using assembly-line process. Direct
materials type 1 introduced a the start of the process but direct materials type 2 are added only
when the process reaches 75% complete. Conversion cost is incurred evenly throughout
manufacturing. An examination of the company’s Work-in-Process account for August revealed the
following selected information:
Debit side 
August 1 balance: 600 units, 40% complete; cost, \$44,600*
Production started: 1,800 units
Direct materials used during August: Type 1 \$80,000 and Type 2 \$31,200
August conversion cost: \$1,400
Credit side 
Production completed: 1,400 units
*Supplementary records disclosed direct material cost of \$30,000 and conversion cost \$14,600.
Conversations with manufacturing personnel revealed that the ending work in process was 80%
complete.
Required:
1. Compute the cost per equivalent unit for each type of cost assuming the company uses FIFO
method for process costing.
2. Calculate the cost of goods completed during August, and prepare the appropriate journal
entry to record completed production.
3. Determine the cost of the August 31 work-in-process inventory.
spa-feui.com
AB UTS 2014
Problem II  MFOH Journals and Calculation (15%)
Company’s Factory Overhead Information During the Month of October 2013
\$11,150
Actual Unit Produced
3,000 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/allocated to the product at a ratio of 2 Machine hour per
unit.
Based on the information above:
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 that the amount is not material.
Problem III  Preparing COGM and COGS Statement (20%)
Cinnabar Company has provided the following data concerning its operation for the year ended
December 31, 20A:
Raw Materials Inventory, December 31, 20A
\$24,000
Work In Process Inventory, December 31, 20A
\$30,000
Finished Goods Inventory, December 31, 20A
\$70,000
Sales
Factory Maintenance
Discount on Raw Material Purchase
Sales Delivery Expenses
spa-feui.com
\$1,100,000
\$38,400
\$108,000
\$4,200
\$16,000
AB UTS 2014
Interest Income
Factory Supplies Used
Common Stock (\$10 par value)
\$1,000
\$22,400
\$2,000,000
Retained Earnings
\$525,000
\$273,500
Accumulated Depreciation  Factory Building and Equipment
\$47,500
Building and Equipment
\$500,000
\$450,000
Cash
\$170,000
Finished Goods Inventory, January 1, 20A
Direct Labor
Factory Power and Heat
\$37,500
\$180,000
\$2,500
\$19,400
\$8,400
Insurance Expense  Factory Building and Equipment
\$4,800
Work in Process, January 1, 20A
\$84,000
Depreciation  Factory Building and Equipment
\$17,500
Factory Superintendence
Interest Expense
Raw Material Purchased
Indirect Factory Labor
\$100,000
\$1,500
\$400,000
\$20,000
Sales Returns
\$2,200
Sales Discounts
\$1,300
Indirect Material Used for Production
\$12,500
Raw Material Inventory, January 1, 20A
\$15,600
Required: Prepare the Cost of Goods Manufactured and Cost of Good Sold Statement for the
Year
spa-feui.com
AB UTS 2014
Problem IV  Job Order Costing (20%)
Regul Company uses job cost accounting system. Manufacturing overhead is applied to
production at a predetermined rate of 150% of direct labor cost. Any over-or underapplied MOH
is closed to the COGS account at the end of each month. Additional information is available as
follows:
Job 101 was the only job in process at January 31, with accumulated costs as follows:
Direct materials
\$4,000
Direct labor
\$2,000
Applied MOH
\$3,000
Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February
totaled \$26,000. Direct labor cost of \$20,000 was incurred for February. Actual Manufacturing
Overhead for February was \$32,000. The only job still in process on February 28 was job 104,
with costs of \$2,800 for direct materials and \$1,800 for direct labor.
Required:
a. What was the cost of goods manufactured for February?
b. What was the amount of over-or underapplied overhead closed to the cost of goods sold
account at February 28?
c. Make the appropriate journal entries for February!
Problem V  Process Costing  Weighted Average Method (25%)
True Sound is a company which manufactures and sells computer speakers for multimedia
systems. The high quality sound is the result of a signal-processing chip designed by True Sound
Engineers. True Sound’s production consist only one production department, which is assembly
department. The company buys and assembles four basic components (speaker cone, magnet,
plastic housing, and patented amplifier) into a finished speaker. Beginning WIP inventory at
October 1st 2013 consists of 8,000 unit of speaker which is already reached 70% of completion.
During the month of October 2013, the company put another 25,000 units of speaker to be
produced during the month. Ending WIP inventory at October 31st, 2013 consists of 5,000 unit of
speaker (40% of completion) and 3,000 units of speaker (80% completion)
All of the speaker cone will be added at the beginning of the production process, while all of the
magnet will be added when the production process reach 30% completion, all plastic housing
spa-feui.com
AB UTS 2014
will be added when the production process reach 65% completion, while all patented amplifier
will be added when the production process reach 85% of completion. Conversion process
incurred evenly throughout the production process.
Production Cost Information in the month of October 2013 were as follows
Cost of Beginning Inventory
Speaker Cone
\$94,400
Magnet
\$62,000
Plastic Housing
\$63,200
Patented Amplifier
Conversion Cost
0
\$122,080
Costs Added during the Month of October 2013
Speaker Cone
\$301,600
Magnet
\$103,000
Plastic Housing
\$160,800
Patented Amplifier
\$575,000
Conversion Cost
\$524,720
Based on the following information (a) prepare a production cost report for the month of
October 2013, using a weighted average method and (b) prepare the necessary journals needed
to record transaction during the month of October 2013 (assuming the finished product is
transferred to F/G inventory warehouse.
spa-feui.com
AB UTS 2014
JAWABAN
Problem I – Process Costing – FIFO Method – 20%
1. Cost per equivalent unit
Physical
Units
600
1,800
2,400
Flow of Production
Work-in-Process, beginning
Started during current period
To account for
Equivalent Units
Direct
Direct
Conversion
Materials 1 Materials 2
Cost
Completed and transferred during current period:
From beginning work in process
(a)
[600 x (100%-100%); 600 x100%; 600 x (100%-40%)]
Started and completed
(800 x 100%; 800 x 100%; 800 x 100%)
Work in process, ending
(1000 x 100%, 1000 x 100%, 1000 x 80%)
Accounted for
600
-
600
360
800
800
800
800
1,000
1,000
1,000
800
1,800
2,400
1,960
2,400
Equivalent units of work done in current period
Work-in-Process, beginning
Total
Direct
Direct
Conversion
Production
Materials 1 Materials 2
Cost
cost
44,600
30,000
0
14,600
162,600
80,000
31,200
51,400
Total costs to account for
Divide by equivalent units of work done in current
period
Cost per equivalent unit of work done in current
period
207,200
110,000
31,200
66,000
80,000
31,200
51,400
1,800
2,400
1,960
44.444
13
26.224
(a) Under FIFO method, the equivalent-unit calculations for each cost category focus
on equivalent units of work done in the current period (August) only. Thus,
beginning WIP inventory equivalent unit is the remaining work that has to be done
in August. Since type 1 material are added at the start of the process, none of type
1 cost is added in work done in August.
spa-feui.com
AB UTS 2014
Total
Direct
Direct
Conversion
Production
Materials 1 Materials 2
Cost
cost
Assignment of cost:
Completed and transferred out ( 1400 units)
Work in process, beginning (600 units)
44,600
30,000
-
14,600
17,241
-
7,800
9,441
Total from beginning inventory
Started and completed (800 units)
61,841
66,935
35,556
10,400
20,980
Total costs completed
Work in process, ending (1000 units)
128,776
78,424
44,444
13,000
20,980
Total costs accounted for
207,200
110,000
31,200
66,000
Costs added to beginning WIP in current period
(b)
(b) Cost added to beginning WIP in current period equals cost per equivalent unit of
work done in current period times equivalent units of work done in current period
2. Cost of goods completed during August and its journal
Cost of goods completed during August is \$ 128,776
Journal
Work in Process - Assembly
Direct Materials - Type 1
Direct Materials - Type 2
Various accounts related to conversion cost
Finished Good - Inventory
Work in Process - Assembly
162,600
80,000
31,200
51,400
128,776
3. Cost of the August 31 Work-in-Process Inventory
Cost of the August 31 WIP inventory is \$ 78,424
spa-feui.com
128,776
AB UTS 2014
Problem II – MFOH Journals and Calculation – 15%
1. Necessary journal to record MFOH related transaction
(a) Actual Cost
Under actual costing, manufacturing overhead cost (MFOH) is the actual factory
overhead costs. Thus, the journal is
Work-in-Process
MFOH
11,150
11,150
(b) Normal Cost
Budgeted MFOH rate =
=
=
Budgeted annual indirect cost
Budgeted annual quantity of the cost-allocation base
\$200,000
100000 machine hours
\$2/machine hours
Under normal costing, MFOH is the budgeted indirect cost rate times the actual
quantities of cost-allocation bases. Thus, the journal is
Work-in-Process
MFOH Allocated
MFOH Control
Cash Control
11,600
11,600
11,150
11,150
(c) Standard Cost
Work-in-Process
MFOH Allocated
MFOH Control
Cash Control
12,000
12,000
11,150
11,150
2. Necessary journal to close the MFOH
(a) Actual Cost
Under actual costing, there is no over or under applied MFOH since there is no
budgeted MFOH on the first place. So, no entry for actual costing
(b) Normal Cost
MFOH Allocated
MFOH control
COGS
11,600
11,150
450
(c) Standard Cost
MFOH Allocated
MFOH control
COGS
spa-feui.com
12,000
11,150
850
AB UTS 2014
Problem III – Preparing COGM and COGS Statement – 20%
Cinnabar Company
Schedule of Cost of Goods Manufactured
For the Year Ended December 31, 20A
Direct materials:
Beginning Inventory, January 1, 20A
Purchases of Raw Materials
Discount on Raw Materials Purchase
15,600
400,000
(4,200)
Raw Material Available for Production
Ending Inventory, December 31, 20A
411,400
(24,000)
Raw Material Used for Production
Indirect Material Used for Production
387,400
(12,500)
Direct Materials Used
Direct Manufacturing Labor
Indirect Factory Labor
Factory Maintanance
Factory Supplies Used
Factory Power and Heat
Factory Superintendence
Insurance Expense - Factory Building
and Equipment
Depreciation - Factory Building
and Equipment
Indirect Material Used for Production
374,900
180,000
20,000
38,400
22,400
19,400
100,000
4,800
17,500
12,500
235,000
Manufacturing Cost Incurred During 20A
Beginning Work In Process Inventory, January 1, 20A
789,900
84,000
Total Manufacturing Cost to Account for
Ending Work In Process Inventory, December 31, 20A
873,900
(30,000)
Cost of Goods Manufactured
843,900
Cinnabar Company
Schedule of Cost of Goods Sold
For the Year Ended December 31, 20A
Beginning Finished Good Inventory, January 1, 20A
Cost of Goods Manufactured
37,500
843,900
Cost of Goods Available for Sale
Ending Finished Good Inventory, December 31, 20A
881,400
(70,000)
Cost of Goods Sold
811,400
spa-feui.com
AB UTS 2014
Problem IV – Job Order Costing – 20%
a. Cost of goods manufactured
Using normal costing, indirect cost equals budgeted indirect cost rates x actual
quantities of cost-allocation bases
Direct Manufacturing Cost
Direct Material Requiseted
Direct Labor Cost
26,000
20,000
46,000
30,000
Manufacturing Cost Incurred During February
Beginning WIP Inventory, February 1
76,000
9,000
Total Manufacturing Cost to Account for
Ending WIP Inventory, December 31
85,000
(7,300)
Cost of Goods Manufactured (Feb)
77,700
b. Amount of over or underapplied overhead
Actual indirect cost incurred
(150% x 20,000)
32,000
30,000
2,000
c. Journal
Work in Process - Inventory
Work in Process -Inventory
Materials Control
Work in Process -Inventory
Cash Control
Cash Control
COGS
spa-feui.com
30000
30000
26000
26000
20000
20000
32000
32000
2,000
30,000
32,000
AB UTS 2014
Problem V – Process Costing – Weighted Average Method – 25%
(a) Production cost report for the month of October 2013
True Sound
Production Department Production Cost Report ( Weighted Average Method)
Month Ended October 31, 2013
Step 1: Summary of Physical Units of Output and Equivalent Unit Calculation
Physical
Units to be accounted for
Units
Units in beginning WIP inventory
8,000
Units started during the period
25,000
Total units to be accounted for
33,000
Equivalent Unit
Units accounted for
Physical
Units
Completed and transferred out during
October
25,000
Units in ending WIP inventory
5,000 (40%)
3,000 (80%)
Total units accounted for
Cost to be accounted for
Cost in beginning WIP inventory
33,000
Speaker
Cone
Magnet
Plastic
Housing
Patented
Amplifier
Conversion
Cost
25,000
5,000
3,000
25,000
5,000
3,000
25,000
3,000
25,000
-
25,000
2,000
2,400
33,000
33,000
28,000
25,000
29,400
Step 2: Summary of Costs to be Accounted for
Total
Speaker
Plastic
Patented
Conversion
Production
Magnet
Cone
Housing
Amplifier
Cost
Cost
\$
341,680 \$
94,400 \$
62,000 \$
63,200 \$
\$
122,080
1,665,120
301,600
103,000
160,800
575,000
524,720
Total costs to account for
\$ 2,006,800 \$
Total cost incurred to date
Total equivalent units accounted for
Step 3: Calculation of Cost per Equivalent Unit
Total
Speaker
Plastic
Patented
Conversion
Production
Magnet
Cone
Housing
Amplifier
Cost
Cost
\$ 396,000 \$ 165,000 \$ 224,000 \$ 575,000 \$
646,800
33,000
33,000
28,000
25,000
29,400
396,000 \$
165,000 \$
224,000 \$
575,000 \$
646,800
Cost per equivalent unit
\$
12 \$
5 \$
8 \$
23 \$
22
Step 4: Assign Cost to Units Transferred Out and Units in Ending WIP Inventory
Total
Speaker
Plastic
Patented
Conversion
Production
Magnet
Cone
Housing
Amplifier
Cost
Cost
Cost assigned to units transferred out \$ 1,750,000 \$ 300,000 \$ 125,000 \$ 200,000 \$ 575,000 \$
550,000
Cost assign to ending WIP inventory
40% completed
129,000
60,000
25,000
44,000
80% completed
127,800
36,000
15,000
24,000
52,800
Total cost accounted for
\$ 2,006,800 \$
396,000 \$
165,000 \$
224,000 \$
575,000 \$
646,800
1. Step 1 Explained.
It was mentioned in the question paper when is a certain direct material added in the
production process. In this case, plastic housing, for example, is added when
production process reach 65% completion, thus, in a 40% completed product there is
0 equivalent unit of plastic housing. While for the conversion costs, the costs are
spa-feui.com
AB UTS 2014
incurred throughout the production process, thus, in a 40% completed product, the
equivalent unit equals completion degree times physical units.
2. Step 2 Explained.
All costs to be accounted for are mentioned in the question paper.
3. Step 3 Explained.
Cost per equivalent unit can be obtained by dividing total cost incurred to date of a
certain cost and the equivalent unit of work done
4. Step 4 Explained.
Cost assigned can be obtained by multiplying cost per equivalent unit and its
equivalent unit. In this case, cost assigned to units transferred out of speaker cone is
its cost per equivalent unit (\$12) times its equivalent unit transferred out (25000).
(b) Preparing the necessary journal
Journal
Work-in-Process - Assembly
1,140,400
Speaker Cone Control
301,600
Magnet Control
103,000
Plastic Housing Control
160,800
Patented Amplifier Control
575,000
Work-in-Process - Assembly
524,720
Various accounts related to conversion
cost
524,720
Work-in-Process - F/G Inventory
Work-in-Process - Assembly
spa-feui.com
1,750,000
1,750,000
```