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    Cost

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    Vallerie Audrey
    This document contains information about cost accounting concepts and calculations. It includes examples of calculating different types of costs such as direct material cost, direct labor cost, prime cost, conversion cost, variable cost and total cost. It also discusses topics like cost behavior, cost-volume-profit analysis, overhead allocation, and the implications of credit card transaction fees.

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    Cost

    Uploaded by

    Vallerie Audrey
    43 views3 pages
    This document contains information about cost accounting concepts and calculations. It includes examples of calculating different types of costs such as direct material cost, direct labor cost, prime cost, conversion cost, variable cost and total cost. It also discusses topics like cost behavior, cost-volume-profit analysis, overhead allocation, and the implications of credit card transaction fees.

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    This document contains information about cost accounting concepts and calculations. It includes examples of calculating different types of costs such as direct material cost, direct labor cost, prime cost, conversion cost, variable cost and total cost. It also discusses topics like cost behavior, cost-volume-profit analysis, overhead allocation, and the implications of credit card transaction fees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    43 views3 pages

    Cost

    Uploaded by

    Vallerie Audrey
    This document contains information about cost accounting concepts and calculations. It includes examples of calculating different types of costs such as direct material cost, direct labor cost, prime cost, conversion cost, variable cost and total cost. It also discusses topics like cost behavior, cost-volume-profit analysis, overhead allocation, and the implications of credit card transaction fees.

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    © All Rights Reserved
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    Vallerie Audrey 01012180089

    E2-1
    1. CC = DL + FOH
    =10 + (15 + 6) = $31
    2. Prime Cost = DM + DL
    = 32+10 = $42
    3. Total Variable Cost = DM + DL + VOH + V.Marketing
    = 32+10+15+3 = $60
    4. Total Cost = Total production cost + total sales cost
    = (63x12.000 unit)+(3x8.000 unit) = $828.000

    E2-2
    Year 20A
    Sales Revenue $19.950.000
    (Variable Cost) (11.571.000)
    (F. Cost) (7.623.000)
    Operating Income $756.000

    Year 20B
    Sales Revenue 16.957.500 (19.950.000x85%)
    (Variable Cost) 9.835.350 (11.571.000x85%)
    (F. Cost) 7.623.000
    Operating Income ( loss ) ($500.850)

    E2-3
    1. Absenteeism = (d) employee motivation
    2. Number of warranty repairs = (b) product quality
    3. Reject as a % of unit inspected = (b) product quality
    4. Patents applied for = (a) product innovation
    5. On time deliveries as a % of all deliveries = (f) customer service
    6. Number of times each unit handled during production = (c) product
    simplification
    7. Number of unique parts kept in inventory = (c) product simplification
    8. Number of customer complaints = (f) customer service

    E2-4
    Prime Cost $300.000 (DM+DL)
    Conversion Cost $400.000 (DM+FOH)
    Total manufacturing cost $600.000 (DM+DL+FOH)

    Total manufacturing cost = DM+DL+FOH


    600.000 = DM + 400.000
    DM = 600.000 – 400.000
    DM = $200.000

    Prime cost = DM + DL
    300.000 = 200.000 + DL
    DL = 300.000-200.000
    DL = $100.000

    E2-5
    Total manufacturing cost $1.000
    (Conversion cost) (400)
    Equals direct material cost $600

    Direct labor cost = 1/6 of direct material cost = 1/6 x 600 = $100

    Conversion cost $400


    (Direct labor cost) (100)
    Equals overhead cost $300

    E2-6
    1. a) An item of merchandise
    b) The use of a bank credit card
    2. It implies that cash-paying customers are paying a part of the cost of the
    bank’s fees for processing credit card transactions, because these fees are paid
    by the merchant who then recovers them in the form of slightly higher prices for
    all merchandise.
    3. The competitive implications are the prices paid by cash customers are too
    high to be competitive with the prices charged by merchants who deal only in
    cash and the prices paid by customers using bank credit cards are too low to
    reflect all the costs of a credit sales.
    4. The reasons for not reducing all prices and charging extra for the use of a
    credit card is because of the psychological effect of an extra charge. To
    customers, it sounds like a penalty as if the merchant want to discourage the use
    bank of credit cards. A discount for cash customers has a positive connotation,
    even if prices marked on merchandise are higher to begin with. Raising all prices
    and offering a cash discount yields the same net revenue as leaving prices alone
    and charging extra for using a bank credit card but the former method feels
    better to the customers than the latter.

    E2-7
    1. DL 2
    VOH 5
    FOH 4
    CC 11
    2. DM(lumber) 12
    DL 2
    Prime Cost 14
    3. DM(lumber) 12
    DL 2
    VOH 5
    Variable manufacturing cost 19
    4. DM(lumber) 12
    DL 2
    VOH 5
    Variable marketing 1
    Total Variable cost 20
    5. Total cost = (2000x(12+2+5))+(1900x1)+(2000x(4+3.50)
    = 38.000 + 1.906 + 15.000
    = 54.900
    6. The data indicate the bookcases are made of lumber and some examples of the
    indirect materials used in making wooden bookcases would be glue, sandpaper
    and nails
    7. An estimate of costs referred to in the answer requirement would be included
    in the variable factory overhead of $5 per unit.

    E2-8
    Factory overhead = 1/3 x prime cost, jadi
    TMC = prime cost + factory overhead
    = prime cost +(1/3xprime cost)
    =4/3 x prime cost
    Perkalian 2 sisi ¾:
    ¾ x tmc = ¾ x 4/3 x prime cost
    ¾ x $20.000 = 1 x prime cost
    15.000 = prime cost

    Prime cost $15.000


    ( direct material cost ) (12.000)
    direct labor cost $3.000

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