課程名稱︰管理決策會計
課程性質︰必帶
課程教師︰蔡揚宗
開課學院：管理學院
開課系所︰工商管理學系
考試日期（年月日）︰2010.04.12
考試時限（分鐘）：100 min.
是否需發放獎勵金：是
（如未明確表示，則不予發放）
試題 :
Part A MULTIPLE CHOICE QUESTIONS (22%)
1.The process of assigning overhead costs to the jobs that are worked on is
commonly called:
A. service department cost allocation.
B. overhead cost distribution.
C. overhead application.
D. transfer costing.
E. overhead cost apportionment.
2.Process costing is used to account for:
A. large numbers of identical products that are produced in a continuous
manufacturing enviroment.
B. small numbers of products that are produced in batches.
C. raw materials that are converted directly to finished goods.
D. finished goods that are refined and processed further.
E. large numbers of products that are produced in a non-repetitve process.
3.The following tasks are associated with an activity-based costing system:
1─Calculation of pool rate
2─Identification of cost driver
3─Assignment of cost to product
4─Identification of cost pool
Which of the following choices correctly expresses the proper order of the
preceding tasks?
A. 1, 2, 3, 4.
B. 2, 4, 1, 3.
C. 3, 4, 2, 1.
D. 4, 2, 1, 3.
E. 4, 2, 3, 1.
4.Which of the following is least likely to be classified as a batch-level
￣￣￣
activity in an activity-based costing system?
A. Shipping.
B. Receiving and inspection.
C. Production setup.
D. Property taxes.
E. Quality assurance.
5.Product costs are:
A. expensed when incurred.
B. inventoried.
C. treated in the same manner as period costs.
D. treated in the same manner as advertising cost.
E. subtracted from cost of goods sold.
6.Much of managerial accounting information is based on:
A. a cost-benefit theme.
B. profit maximization.
C. cost minimization.
D. the generation of external information.
E. effectiveness but not efficiency.
7.Which of the following statement is true?
A. The word "cost" has the same meaning in all situations in which it i
used.
B. Cost data, once classified and recorded for a specific application, are
appropriate for use in any application.
C. Different cost concepts and classifications are used for different
purposes.
D. All organizations incur the same type of costs.
E. Cost incurred in one year are always meaningful in the following year.
8.Which of the following is not an objective of managerial accounting?
￣￣
A. Providing information for decision making and planning.
B. Assisting in directing and controlling operations.
C. Maximizing profits and minimizing costs.
D. Measuring the performance of managers and subunits.
E. Motivating managers toward the organizations's goals.
9.Which of the following characteristic(s) relate(s) more to managerial
accounting than to financial accounting?
A. A focus on reporting to personnel within an organization.
B. A focus on reporting to external parties.
C. An area of accounting that is heavily regulated.
D. A focus on providing information that is relevant for planning, decision
making, directing, and control.
E. Choices "A" and "D" above.
10.The following information relates to October:
Production supervisor's salary:$2,500
Factory maintenance wages: 250 hours at $8 per hour
The journal entry to record the preceding information is:
A.
Manufacturing Overhead 4,500
Wages Payable 4,500
B.
Wages Payable 4,500
Manufacturing Overhead 4,500
C.
Work-in-Process Inventory 4,500
Wages Payable 4,500
D.
Wages Payable 4,500
Work-in-Process Inventory 4,500
E.
Work-in-Process Inventory 2,500
manufacturing Overhead 2,000
Wages Payable 4,500
11.Which of the following techniques is not used to analyze cost behavior?
A. Least-squares regression.
B. High-low method.
C. Visual-fit method.
D. Linear programming.
E. Multiple regression.
Part B PROBLEM QUESTIONS (78%)
Q1.(18%)
Thompson Company is considering the development of two product: no.65 or
no.66. Manufacturing cost information follows.
No.65 No.66
￣￣￣ ￣￣￣
Annual fixed costs $220,000 $340,000
Variable cost per unit 33 25
Regardless of which product is introduced, the anticipated selling price will
be $50 and the company will pay a 10% sales commission on gross dollar sales.
Thompson will not carry an inventory of theses items.
Required:
A. What is the break-even sales volumn (in dollars) on product no.66?(6%)
B. Which of the two products will be more profitable at a sales level of
25,000 units?(6%)
C. At what unit-volumn level will the profit/loss on no.65 equal the
profit/loss on product no.66?(6%)
Q2(15%)
Heartland Bank & Trust operates in a very competitive marketplace, using a
traditional labor-hour-based system to determine the cost of processing its
mortgage loans. Recently, the firm explored a switch to activity-based
costing to determine the accuracy of its previous ways. The following
information is available:
Activity Cost Driver Driver Units
￣￣￣￣ ￣￣ ￣￣￣ ￣￣￣￣￣￣
Application processing $900,000 Application 4,000
Loan underwriting 800,000 Underwriting hours 16,000
Loan closure 88,000 Legal hours 8,000
￣￣￣
Total $2,580,000
==========
Two loan applications were originated and closed during the year. No.7349
consume 3.5 hours in loan underwriting and 1.5 hours in loan closure, for a
total of 5.0 hours. No.7809 also required 5.0 hours of time, subdivided as
follows: 2.0 hours in loan underwriting and 3.0 hours in loan closure.
Required:
A. Use an activity-based-costing system and determine the total cost of
processing, underwriting, closing the two loan applications
respectively.(5%)
B. Determine each loan's total cost of processing them if Heartland uses the
traditional labor-hour-based system. Conversations with management found
that, on average, each application took nine labor hours of processing
time, excluding underwriting and closure.(5%)
C. Is Heartland making a mistake by continuing to use a traditional system
that is based on an average labor cost per hour? Why?(5%)
Q3(20%)
The following cost data for the year just ended pertain to Sentiment Inc., a
greeting card manufacturer:
Direct material................................................... $2,100,000
Advertising expense............................................... 99,000
Depreciation on factory building.................................. 115,000
Direct labor: wages............................................... 485,000
Cost of finished goods inventory at year-end...................... 115,000
Indirect labor: wages............................................. 114,000
Production supervisor's salary.................................... 45,000
Service department costs*......................................... 100,000
Direct labor: fringe benefits..................................... 95,000
Indirect labor: fringe benefits................................... 30,000
Fringe benefit for production supervisor.......................... 9,000
Total overtime premiums paid...................................... 55,000
Cost of idle time: production employees§.......................... 40,000
Administrative costs.............................................. 150,000
Rental of office space for sales personnel+....................... 15,000
Sales commissions.................................................. 5,000
Product promotion costs............................................ 10,000
*All services are provided to manufacturing department.
§Cost of idle time is an overhead item; it is not include in the
direct-labor wages given above.
+The rental of sales space was made necessary when the sales offices were
converted to storage space for raw material.
Required:
1. Compute each of the following costs for the year just ended: (a) total
manufacturing overhead costs, (b) total conversion costs, (c) total
product costs, and (d) total period cost.(16%)
2. One of the costs listed above is an opportunity cost. Identify this cost,
and explain why it is an opportunity cost.(4%)
Q4(15%)
The following information pertains to Paramus Metal Works for the year just
ended.
Budgeted direct-labor cost:77,000 hours at $17 per hour
Actual direct-labor cost :79,000 at $18 per hour
Budgeted manufacturing overhead:$993,300
Budgeted selling and administrative expenses:$417,000
Actual manufacturing overhead:
Depreciation $225,000
Property taxes 19,000
Indirect labor 79,000
Supervisory salaries 210,000
Utilities 58,000
Insurance 32,000
Rental of space 295,000
Indirect material (see data below) 79,000
Indirect material:
Beginning inventory, January 1 46,000
Purchase during the year 95,000
Ending inventory, December 31 62,000
Required:
1. Compute the firm's predetermined overhead rate, which is based on
direct-labor hours.(4%)
2. Calculate the overapplied or underapplied overhead for the year.(7%)
3. Prepare a journal entry to close out the Manufacturing Overhead account
into Cost of Good Sold.(4%)
Q5(10%)
The following data pertain to Tulsa Paperboard Company, a manufacturer of
cardboard boxes.
Work in process, February 1 .................................10,000 units*
Direct material ................................................. $5,500
Conversion ...................................................... 17,000
Cost incurred during Februay
Direct material ............................................... $110,000
Conversion .................................................... 171,600
*complete as to material; 40% complete as to conversion.
The equivalent units of activity for Februay were as follows:
Direct material (weighted-average method) ...................... 110,000
Conversion (weighted-average method) ........................... 92,000
Completed and transferred out .................................. 90,000
Required: Compute the following amounts using weighted-average process
costing.
1. Cost of goods completed and transferred out during February.(5%)
2. Cost of the February 28 work-in-process inventory.(5%)
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