題目

Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing before it is in a saleable condition. There are no opening inventories and no work in progress. The following data are available for last period:

??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????? $

Total joint production costs????????????????????????????????????????????????????????????????????????????????????????????? 384,000

Further processing costs (product H)?????????????????????????????????????????????????????????????????????????? ???159,600

Product?????????????????????????????????????????? Selling price???????????????????????? Sales?????????????????????Production?

????????????????????????????????????????????????????????? ?per unit???????????????????????????? ?Units????????????????????????Units

? G??????????????????????????????????????????????????????$0.84??????????????????????????????? 400,000??????????????????? 412,000

??H??????????????????????????????????????????????????????$1.82??????????????????????????????? 200,000??????????????????? 228.000

Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product H for last period?

A

$36,400

B

$37,520

C

$40.264

D

$45,181

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Chapter12Processcosting,jointproductsandby-products

Total production units = 412,000 + 228,000=640,000 units

Joint costs apportioned to Product H =228,000/640,000x$384,000=$136,800

Further processing costs??? =$159,600

... Total product cost of Product H? =$(136,800+159,600)=$296,400

... Closing inventory value of Product H=28,000/228,000 x $296,000= $36,400

多做幾道

Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

A

(i), (ii) and (iii)

B

(i) and (ii)

C

(ii) only

D

None of the statements is true

Which of the following statements is/are correct?

(i) A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.

(ii) An objective is a course of action that an organisation might pursue in order to achieve its strategy.

(iii) Information is data that has been processed into a form meaningful to the recipient.

A

(i), (ii) and (iii)

B

(i) and (iii)

C

(ii) and (iii)

D

(iii) only

Good information should have certain qualities. Which of the following are qualities of good information?(i) Complete(ii) Extensive(iii) Relevant(iv) Accurate

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(ii) and (iv)

D

All of them

Monthly variance reports are an example of which one of the following types of management information?

A

Tactical

B

Strategic

C

Non-financial

D

Operational

Which of the following statements is/are correct?

(i) Information for decision-making should incorporate uncertainty in some way

(ii) The data used to prepare financial accounts and management accounts are the

A

(i) is true and (ii) is false

B

(ii) is true and (i) is false

C

Both are true

D

Both are false

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