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L15.2030 - Cost Accounting (2025/2026)
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Which of the following sentence is TRUE?
Which sentence is TRUE?
- Unit sales: Actual 77448 units; Master Budget 64540 units
- Sales revenue: Actual $ 774480; Master Budget $ 774480
- Variable costs: Actual $ 542136; Master Budget $ 516320
- Fixed costs: Actual $ 357896; Master Budget $ 348963
The sales price variance for the period is (FAV: favorable; UNF: unfavorable):
Company X manufactures product M. Its costing system uses two cost categories:
Direct material: added at the beginning
of production.
Conversion costs: allocated evenly
throughout production.
Each product must pass through Department A and Department B. Data from Department A for March:
BWIP: 413 physical units (40%
completed)
- Started: 1.000 Physical units
EWIP: 300 physical units (70%
completed)
What is the difference between WA and FIFO in terms of
EUP for direct materials and conversion costs, assuming no spoilage?
- Unit sales: Actual 79848 units; Master Budget 66540 units
- Sales revenue: Actual $ 798480; Master Budget $ 798480
- Variable costs: Actual $ 558936; Master Budget $ 532320
- Fixed costs: Actual $ 357896; Master Budget $ 348963
The sales volume variance for the period is (FAV: favorable; UNF: unfavorable):
2
What
are the major benefits and limitations of outsourcing?
Manufacturing rethinks outsourcing
The economic recession has resulted in original equipment manufacturers (OEMs) seeking to drive down costs by re-examining their manufacturing strategy, with many companies increasing their level of outsourcing, writes Ronnie Darroch, Plexus regional president (EMEA) in Electronics Weekly . He argues that OEMs can be of benefit to electronic manufacturing service (EMS) providers (like Plexus who provide electronics design, manufacturing and after market services to companies with high complexity products) as OEMs undertake strategic reviews and decide to outsource manufacturing to an EMS provider. Outsourcing all or a portion of their manufacturing allows OEMs to convert internal fixed costs to external variable costs, leaving it more able to deal with changes in end market demand, particularly during periods of economic instability. This can create a win win for both companies with growth opportunities for the EMS provider and the OEM left to focus on its core competencies.
Questions
1. How can outsourcing change the cost structure of an organization?
3. Compute the cost recognized in the income statement in this month, if no units were sold
What is the advantage and disadvantage of early
inspections and why do companies often conduct multiple inspections?
(4 points) (10-20 mins) Company X developed standard costs for direct material and direct labor. In 2020, the company estimated the following standard costs for one of their major products, the 30-liter heavy-duty plastic container.
Budgeted quantity
|
Budgeted price
|
Direct materials
|
0,60 kgs
|
€20 per kg
|
Direct labor
|
0,30 hours
|
€14 per hour
|
During July, Company X produced and sold 4 000
containers using 2 700 kgs of direct materials at an average cost per kg of €19 and 1464 direct manufacturing labor hours at an average wage of €14,30
per hour.
Required (present all the necessary auxiliary calculations):
a) Calculate the direct manufacturing labor flexible-budget variance during July.
b) Calculate the direct manufacturing labor price variance during July.
c) Calculate the direct manufacturing labor efficiency variance during July.