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L15.2030 - Cost Accounting (2025/2026)
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[Fact Pattern #1] Company X has two support departments, Maintenance and Personnel. Maintenance Department (MD) costs of €307099 are allocated on the basis of budgeted maintenance-hours. Personnel Department (PD) costs of €170 000 are allocated based on the number of employees. The costs of operating departments A and B are €200 000 and €300 000, respectively. Data on budgeted maintenance-hours and number of employees are as follows:
|
Maintenance Department
|
Personnel Department
|
A
|
B
|
Budgeted costs
|
€307099
|
€170 000
|
€200000
|
€300000
|
Budgeted maintenance-hours
|
NA
|
890
|
1 220
|
630
|
Number of employees
|
75
|
NA
|
220
|
660
|
Using the direct method, what amount of Maintenance Department costs
will be allocated to Department B?
Company X processes a single type of aluminium. During the current period the following information was given:
|
Units
|
Material Costs
|
Conversion Costs
|
Beginning Inventory
|
4 800
|
€6 100
|
€5 600
|
Started During the Current Period
|
21 400
|
49279
|
66 400
|
Ending Inventory
|
4 500
|
|
|
All materials are added at the beginning of the production process. The beginning inventory was 25% complete as to conversion, while the ending inventory was 40% completed for conversion purposes. Company X uses the first-in, first-out system of process costing. What were the costs assigned to the units transferred out this period? (
A company produces 10 000 units of which 704 are spoiled units because the process, even though carefully and efficiently executed is unable to produce good units 100% of the time. Another 100 of the 10 000 units produced are spoiled because machines broke down and there also were operator errors. What is the normal spoilage rate in percentage of the good units passing inspection? (round to two decimal places)
| Flexible | | Variances |
| Budget | Price | Efficiency |
| Material A | €44 000 | €1 000F | €3 400U |
| Material B | 66 000 | 200U | 1 800F |
| Direct manufacturing labor | 80 000 | 600U | 2 300F |
[Fact Pattern #2] Company X produced three joint products at a joint cost of €126296. Two of these products were processed further. Production and sales were:
Product
|
Units (weight)
|
Selling price per kg.
|
Additional Processing Costs per kg.
|
A
|
2 000 kgs.
|
€245
|
€200
|
B
|
3 000 kgs.
|
€30
|
€0
|
C
|
4 000 kgs.
|
€175
|
€100
|
If joint costs are allocated based on relative weight of the outputs and all products are main products, how much of the joint costs would be allocated to product A? (Round to units)
[Refers to Fact Pattern #2] If the company uses NRV method to allocate the joint costs of production, what is the gross-margin percent for product C? (Round to 2 decimal places)
[Refers to Fact Pattern #1] Which of the following linear equations represents the complete reciprocated cost of the Personnel Department (Cost of PD)?