2017 S2 Assignment 1 Managerial Accounting_15357.pdf

2017 S2 Assignment 1 Managerial Accounting_15357.pdf -...

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Managerial Accounting ACC00714 (S2, 2017) Assignment 1 (25 Marks) QUSTION 1 (3 MARKS) What factors should be considered in selecting a base to be used in calculating the predetermined factory overhead rate? What would happen to factory overhead rates based on direct labour hours when automated equipment is used intensively? Discuss and support your discussion by examples. You must disclose the source of your information by appropriate referencing. QUSTION 2 (4 MARKS) Why is cost accumulation easier under a process costing system than under a job order costing system? Discuss and support your discussion by real world examples. You must disclose the source of your information by appropriate referencing. QUESTION 3 (6 MARKS) Selected account balances for the year ended May 31, 20x1 are provided below for Super Dmart: Raw materials inventory, June 1, 20x0 $40,000 Raw materials inventory, May 31, 20x1 30,000 Purchases of raw materials 150,000 Insurance, factory 12,000 Work in process, June 1, 20x0 ? Utilities, factory 25,000 Indirect labour 60,000 Finished goods inventory, June 1, 20x0 85,000 Direct labour ?
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  • Fall '17
  • Dippold, Steffi

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