Scribd Logo
Upload

Welcome to Scribd!

  • 40 views

    Final Test FRC - YP 70

    Uploaded by

    matthew amadeus
    The document provides instruction for a test on business analysis and financial reporting for a manufacturing company. Students are asked to create hypothetical data and analyze production costs, overhead costs, income statements, break even analysis, contribution format reporting and the impact of changes in sales and expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Final Test FRC - YP 70

    Uploaded by

    matthew amadeus
    40 views2 pages
    The document provides instruction for a test on business analysis and financial reporting for a manufacturing company. Students are asked to create hypothetical data and analyze production costs, overhead costs, income statements, break even analysis, contribution format reporting and the impact of changes in sales and expenses.

    Original Title

    Final test FRC - YP 70

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides instruction for a test on business analysis and financial reporting for a manufacturing company. Students are asked to create hypothetical data and analyze production costs, overhead costs, income statements, break even analysis, contribution format reporting and the impact of changes in sales and expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    40 views2 pages

    Final Test FRC - YP 70

    Uploaded by

    matthew amadeus
    The document provides instruction for a test on business analysis and financial reporting for a manufacturing company. Students are asked to create hypothetical data and analyze production costs, overhead costs, income statements, break even analysis, contribution format reporting and the impact of changes in sales and expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    MASTER OF BUSINESS ADMINISTRATION

    SCHOOL OF BUSINESS AND MANAGEMENT


    FINANCIAL REPORT AND CONTROL
    FINAL TEST
    CLASS OF 70 YP

    General Guidance
    1. Data created by yourself associated with instruction.
    2. The similarity level of data created among each student is a maximum of 20 %. If there are
    two or more students with a level of hypothetical data similarity more than 20%, then the
    student's scores are zero.
    3. Use IDR as monetary unit.
    4. Don't use the same template among students although using different data.

    Instruction
    Make a business analysis of the production/manufacturing company which producing on a job
    order costing, with hypothetically created data. The reporting period is monthly. All data
    which hypothesized cannot be zero. Business analysis during the month through the stages of
    completion as follows :
    1. Determine in the beginning period: raw materials, work in process and finished goods*)
    2. Determine the purchase of raw materials for a month*)
    3. Determine in the ending period: raw materials, work in process and finished goods *) 4.
    Calculate direct materials if in raw materials used in production included 94 % direct materials
    and 6 % indirect materials.
    5. Calculation direct labor wage :
    a. Determine direct labor hours *)
    b. Determine direct labor wage rate per hour *)
    c. Calculate total direct labor wage.
    6. Calculation actual manufacturing overhead :
    a. Calculate indirect materials as stated in number 4.
    b. Indirect labor wage is 147 % of direct labor wage. Calculate indirect labor wage. c.
    Calculate other actual manufacturing overhead, if other actual manufacturing overhead as
    much as 30% of total actual manufacturing overhead.
    d. Calculate actual manufacturing overhead.
    7. The company applies overhead cost to jobs on the basis of direct labor-hours worked. For
    the current year the company make estimations :
    a. Estimate total manufacturing overhead cost*)
    b. Estimate total allocation base *)
    c. Calculate POHR
    8. a. Compute the amount of total manufacturing overhead applied for the month.
    b. What is the underapplied or overapplied overhead cost for the month ? 9. Using
    absorption costing system :
    a. Calculate COGM
    b. Calculate unadjusted and adjusted COGS
    c. Determine total sales *)
    d. Determine selling expenses*)
    e. Determine administrative expenses*)
    f. Create an absorption format income statement for the month.
    10. Using variable costing system. The original data from number 8 and 9 : a. Assume that
    variable manufacturing overhead applied : fixed manufacturing overhead applied = 60% :
    40%.
    Calculate variable manufacturing overhead applied and fixed manufacturing overhead
    applied
    b. Calculate variable COGM
    c. Calculate variable unadjusted and adjusted COGS (all underapplied or overapplied
    overhead cost in no. 8 b as you computed is adjusted to unadjusted COGS) d. Assume that
    variable selling expenses : fixed selling expenses = 30% : 70%. Calculate variable selling
    expenses and fixed selling expenses
    e. Assume that variable administrative expenses : fixed administrative expenses = 50%:
    50%.
    Calculate variable administrative expenses and fixed administrative expenses f. Create a
    contribution format income statement for the month (the total sales as same as no. 9 c.)
    11. Calculate CM Ratio
    12. Calculate the break even point (BEP) in IDR.
    13. Calculate the margin of safety (MOS) in IDR and in %.
    14. a. Calculate degree of operating leverage (DOL).
    b. If sales increase by 10% next month, what percentage increase in net operating income? 15.
    The sales manager is convinced that a 10 % increase in advertising (fixed selling expense) and
    5 % decrease in variable selling expense, would increase monthly sales by 20 % next month.
    Prepare two contribution format income statements, one showing the results of the month’s
    operations and one showing the next month. Would you recommend that the company does as
    the sales manager suggests?

    Note : *) data created hypothetically by yourself

    ***

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy