# ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment Use MS WORD or EXCEL or both Question #1 (20 marks) E2-43B E2-44B Question # 2 (20

ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment Use MS WORD or EXCEL or both

Question #1 (20 marks)

Don't use plagiarized sources. Get Your Custom Essay on
ACCT2242 SMU Managerial Accouting Goods Cost Calculation Assignment Use MS WORD or EXCEL or both Question #1 (20 marks) E2-43B E2-44B Question # 2 (20
Just from \$13/Page

E2-43B

E2-44B

Question # 2 (20 marks)

Indirect labour(IDL)\$10,600\$11,500

Indirect materials (IDM) 4,400 5,000

Total (MOH)\$15,000\$16,500

DL(direct labour)\$12,000\$15,000

MOH = a + b*DL cost

Required:

Determine parameters a and b. (6 marks)

If DL cost is\$13,200, how much would be allowed for IDL and IDM, individually?

Hint: Find the linear relationship between MOH and IDM (14 marks)

That is estimate MOH = c + d*IDM

Question #3 (40 marks)

Year 1Year 2

Units produced1,0001,000

Units sold 7001,300

Total sales\$7,000\$13,000

Total costs

Production:

Variable\$2,000\$2,000

Fixed 1,800 1,800

Variable\$ 700\$1,300

Fixed 2,800 2,800

(For Year 1)

Required:

Prepare income statement using variable costing. (8 marks)

Prepare income statement using absorption costing (8 marks)

Reconcile the differences in income. (4 marks)

(For Year 2)

Required:

Prepare income statement using variable costing. (8 marks)

Prepare income statement using absorption costing (8 marks)

Reconcile the differences in income. (4 marks)

Question #4 (20 marks)

P3-72B ACCT 2242 Summer#1 2019
ASSIGNMENT # 1
DUE
May 16, 2019
Use MS WORD or EXCEL or both
Question #1 (20 marks)

E2-43B

E2-44B
Question # 2 (20 marks)
Indirect labour(IDL)
\$10,600
\$11,500
4,400
5,000
Total (MOH)
\$15,000
\$16,500
DL(direct labour)
\$12,000
\$15,000
Indirect materials (IDM)
MOH = a + b*DL cost
Required:
Determine parameters a
and
b. (6 marks)
If DL cost is\$13,200, how much would be allowed for IDL and IDM, individually?
Hint: Find the linear relationship between MOH and IDM (14 marks)
That is estimate MOH = c + d*IDM
Question #3 (40 marks)
Year 1
Year 2
1,000
1,000
Units sold
700
1,300
Total sales
\$7,000
Units produced
Total costs
Production:
\$13,000
Variable
Fixed
\$2,000
\$2,000
1,800
1,800
\$ 700
\$1,300
2,800
2,800
Variable
Fixed

(For Year 1)
Required:



Prepare income statement using variable costing. (8 marks)
Prepare income statement using absorption costing (8 marks)
Reconcile the differences in income. (4 marks)

(For Year 2)
Required:



Prepare income statement using variable costing. (8 marks)
Prepare income statement using absorption costing (8 marks)
Reconcile the differences in income. (4 marks)
Question #4 (20 marks)
P3-72B
company star
\$12.800 of Inventory. Prepa
year,
learning Objective 5
E2-42B Compute direct materials used am
Lawrences Die Cuts is preparing its cost of goods manufactured schedule at year end.
had a beginning balance of \$18,000 and an ending balance of \$14,000. During the
\$135,000 while manufacturing overhead amounted to \$155,000. The work in process
Lawrence purchased \$66,000 of direct materials. Direct labour for the year totalled
inventory account had a beginning balance of \$27,000 and an ending balance of \$21.00
Compute the cost of goods manufactured for the year. (Hint: The first step is to calculate
the direct materials used during the year.)
E2-43B Compute cost of goods manufactured and cost of goods sold
(Learning Objective 5)
Company for the most recent year using the amounts described below. Assume that raw
Compute the cost of goods manufactured and cost of goods sold for South Marine
materials inventory contains only direct materials.
End
of Year
Beginning
of Year
\$28,000
44,000
13,000
End
of Year
\$30,000
Raw materials inventory
Work in process
Finished goods inventory
Purchases of direct materials
Direct labour
Indirect labour..
37,000
29,000
76,000
81,000
…. \$10,500
Insurance on plant
Depreciation–plant building
and equipment …….
13,400
Repairs and maintenance-plant…
Marketing expenses………
4,300
78,500
41,000
Building Blocks of Manag
E2-44B Continues E2-43B: prepare income statement (Learning Objective 5)
Prepare the income statement for South Marine Company for the most recent year, using
the information in E2-43B. Assume that the company sold 37,000 units of its product at a
price of \$14 each during the year.
E2-45B Work backward to find missing amounts (Learning Objective 5)
Great Sounds manufactures and sells a new line of radios. Unfortunately, Great Sounds
suffered serious fire damage at its home office. As a result, the accounting records for
October were partially destroyed and completely jumbled. Great Sounds has hired you to
help figure out the missing pieces of the accounting puzzle. Assume that Great Sounds
raw materials inventory contains only direct materials.
Cost Behaviour
3
P6-72B Prepare absorption and variable costing income statements
(Learning Objective 7)
Marty’s Entrees produces frozen meals, which it sells for \$9 each. The company uses the
overhead rate based on the actual number of meals produced that month. All costs and
FIFO inventory costing method, and it computes a new monthly fixed manufacturing
production levels are exactly as planned. The following data are from Marty’s Entrees’ first
Sales ..
Production ……
January
February
1,400 meals 1,800 meals
2,000 meals 1,400 meals
\$ 5
\$ 5
\$ 1
\$ i 1
\$ 700
\$ 700
\$ 500
\$ 500
Variable manufacturing expense per meal.
Sales commission expense per meal……….
Total fixed marketing and administrative expenses.
Requirements
1. Compute the product cost per meal produced under absorption costing and under
variable costing. Do this first for January and then for February.
2. Prepare separate monthly income statements for January and for February, using (a)
absorption costing and (b) variable costing.
3. Is operating income higher under absorption costing or variable costing in January? In
February? Explain the pattern of differences in operating income based on absorption
costing versus variable costing.

attachment

Calculate the Price of your PAPER Now
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.