※ 引述《ckwool (期中考)》之銘言：
※ 引述《ckwool (期中考)》之銘言：
課程名稱︰管理會計下
課程性質︰工管系必修
課程教師︰劉順仁
開課系所︰工管系
考試時間︰2005.4.21
試題 :
作答說明:1.本試卷共三頁，七大題，計100分。
2.請於答案卷中作答，違者不予計分。
一.(12%)
Diamond Corporation manufactures a variety of liquid lawn fertilizers,
including a very popular product called Lush'N Green. Data about Lush'N Green
and Proctol, amajor ingredient, follow.
Expected operations:
˙Proctol is purchased in 55-gallon drums at a cost of $45 per drum. A 2% cash
discount is offered for prompt payment of invoices, and Diamond takes
advantage of all discounts offered.
˙Diamond normally purchases 200 drums of Proctol at a time, paying shipping
fees of $420 per shipment.
˙Each gallon of Lush'N Green requires three quarts of Proctol;however, because
of evaporation and spills, Diamond loses 4% of all Proctol that enters
production.(Recall that there are four quarts in a gallon.)
Actual operations:
˙For the period just ended, Diamond purchased 1,200 drums of Proctol at a
total cost of $54,960. There was no beginning inventory, but an end-of-period
inventory revealed that 15 drums were still on hand.
˙Manufacturing activity output totaled 82,000 gallons of Lush'N Green.
Required:
A.Compute the standard purchase price for one gallon of Proctol
B.Compute the standard quantity of Proctol to be used in producing one gallon
of Lush'N Green. Express your answer in quarts.
C.Compute the direct-material price variance for Proctol.
D.How much Proctol was uesd in manufacturing activity and how much shoud have
been used? Express your answer in quarts.
二.(12%)
During March Manhattan Fabrics Corporation manufactured 1,000 units of a
special multilayer fabric with the trade name Stylex. The following information
from the Stylex production department also pertainsto March.
Direct material purchased:36,000 yards at $1.38 per yard $49,680
Direct material used:19,000 yards at $1.38 per yard 26,220
Direct labor:4,200 hours at $9.15 per hour 38,430
The standard prime costs for one unit of Stylex are as follows:
Direct material:20 yards at$1.35 per yard $ 27
Direct labor: 4 hours at $9.00 per hour 36
--
Total standard prime cost per unit of output 63(雙底)
Required: Compute the following variances for the month of March, indicating
whether each variance is favorable or unfavorable.
1.Direct-material price variance
2.Direct-material quantity variance
3.Direct-labor rate variance
4.Direct-labor efficiency variance
三.(15%)
The following selected information was extracted from the accounting records
of Austin, Inc:
Planned manufacturing activity:40,00 machine hours
Standard variable-overhead rate per machine hour:$16
Budgeted fixed overhead:$100,000
Variable-overhead spending variance:$92,00U
Variable-overhead efficiency variance:$25,000U
Fixed-overhead budget variance:$25,00U
Total actual overhead:$675,000
Required:
Determine the following: actual fixed overhead,actual machine hours worked,
standard machine hours allowed for actual production, and the fixed-overhead
volume variance.
==怕ptt當機所以暫時至此等會用回文補齊==
四.(20%)
Industrial Technologies,Inc(ITI)produces two compression machines that are
popular with manufacturing of plastics:no.165 and no.172 Machine no.16 has an
average selling price of $30,000,whereas no.172 typically sells for
approximately $27,500. The company is very concerned about quality and has
provided the following information:
==============================================================================
No.165 No.170
Number of machine produced and sold 160 200
Warrantly costs:
Average repair cost per unit $900 $350
Percentage of units needing repair 70% 10%
Reliability engineering at $150 per hour 1,600 hours 2,000 hours
Rework at ITI's manufacturing plant:
Average rework cost per unit $1,900 $1,600
Percantage of units needing rework 35% 25%
Manufacturing Inspection at $50 per hour 300 hours 500 hours
Transportation costs to customer sites
to fix problems $29,500 $15,000
Quality training for employees $35,000 $50,000
==============================================================================
Required:
1.Classfy the preceding costs as prevention, apprasal, internal failure, or
external failure.
2.Using the classifications in requirement(1), compute ITT's quality costs for
machine no.165 in dollar and as a percentage of sales revenues.Also calculate
prevention, appraisal, internal failure, and external failure costs as a
percentage of total quality costs.
3.Repeat requirement(2) for machine no.172.
4.Comment on your findings, noting whether the company is "investing" its
quality expenditures differently for the two machines.
5.Quality costs can be classified as observable or hidden. What are hidden
quality costs, and how do these costs differ from observable costs?
五.(16%)
The following selected data relate to the Idaho Division of Far West
Enterprises(FWE):
Sales revenue $4,580,000
Uncontrollable fixed costs traceable to the division 1,360,000
Allocated corporate overhead 590,000
Controllable fixed costs traceable to the division 1,120,000
Variable costs 40% of revenue
Required:
A. Compute the following for the Idaho Division:
1. Segment contribution margin.
2. Controllable profit margin.
3. Segment profit margin.
B. Which of the three preceding measure should be used when evaluating the
Idaho Division as an investment of FWE's resources? Why?
C. Assume that management made the decision to prepare a segmented income
statement thatreflected Idaho's five operating departments. Would all
$1,120,000 of the controllable fixed costs be easily traced to the departments?
Briefly explain.
D.Which of the five dollar amounts presented in the body of the problem would
be used in computing the income before taxes of Far West Enterprises?
===================再休息一下...英打實在是太慢了...||=====
六.(16%)
Theowner of Zivanov's Pancake House is concidering an expansion of the
business. He is idenified two alternatives,as follows:
˙Build a new restaurant near the mall.
˙Buy and renovate an old building downtown for the new restaurant.
The projected cash flows from these two alternatives are shown below. The owner
of the restaurant use a 10 percent after-tax discount rate.
===============================================================================
Investment Cash Outflow: Net After-Tax Csh Inflows*
Proposal Time 0 Years 1-10 Years 11-20
Mall restaurant $400,000 $50,000 $50,000
Downtown restaurent 200,000 35,800
*Includes after-tax cash flows from all sources, including incremental revenue,
incremental expenses, and depreciation tax shield.
Required:
1. Compute the netpresent value of each alternative restaurant site.
2. Compute the profitability index for each alternative.
3. How do the two sites rank in terms of(a)NPV and(b)the profitability index?
4. Comment on the difficulty of ranking the owner/s two options for the
restaurant site.
七.(9%)
Xenox Corporation is considering the acquisition of a new machine that is
expected to produce annual savings in cash operating costs of $20,000 before
income taxes. The machine costs $80,000, has a useful life of five years, and
no salvage value. Xenox uses straight-line depreciation on all asset, is
subject to a 30% income tax rate, and has an after-tax hurdle rate of 12%.
Required:
A. Compute the machine's payback period.
B. Compute the machine's accounting rate of return on the initial investment.
C. Compute the machine's net present value.
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◆ From: 218.166.93.111