Semester_One_Final_Examinations__2019_ACCT2102.pdf -...

This preview shows page 1 - 3 out of 6 pages.

Semester One Final Examinations, 2019ACCT2102 Principles of Management AccountingPage 1 of 6This exam paper must not be removed from the venueSchool of BusinessEXAMINATIONSemester One Final Examinations, 2019ACCT2102 Principles of Management AccountingThis paper is for St Lucia Campus students.Examination Duration:120 minutesReading Time:10 minutesExam Conditions:This is a Central ExaminationThis is a Closed Book Examination - no materials permittedDuring reading time, write only on the rough paper providedThis examination paper will be released to the LibraryMaterials Permitted In The Exam Venue:(No electronic aids are permitted e.g. laptops, phones)Calculators - Casio FX82 series or UQ approved (labelled)Materials To Be Supplied To Students:1 x 14-Page Answer BookletInstructions To Students:Additional exam materials (e.g. answer booklets, rough paper) will beprovided upon request.This exam consists of five (5) questions, each containing multiplerequirements. The marks for each question are as indicated on each question,and total 100 marks for the entire exam. Your total mark will then be scaledback to a mark out of 50 available marks for this exam assessment.Venue____________________Seat Number________Student Number|__|__|__|__|__|__|__|__|Family Name_____________________First Name_____________________For Examiner Use OnlyQuestionMarkTotal________
Semester One Final Examinations, 2019ACCT2102 Principles of Management AccountingPage 2 of 6Question 1(20 Marks)Blackbox Ltd manufactures wi-fi routers that pass through three separate manufacturingprocesses. It begins in the machining department, then travels through the assemblydepartment, and passes through the finishing department. The following informationpertains to only the machining department for the month of May.WIP (1 May 2019)4,500 units (30% complete)Costs: DM $8,700;CC $15,250Units startedUnits completed12,000 unitsWIP (31 May 2019)3,000 units (50% complete)Costs added during May:DM $75,300; CC $96,800Direct materials (DM) are added at the beginning of this process. Conversion costs (CC)are incurred evenly throughout the process. Blackbox Ltd uses theweighted averagemethod of process costing.Required:a) How many units werestartedduring May in the machining department??(3 marks)b) Calculate the totalequivalent unitsfor bothmaterialsandconversion coststhe month of May in the machining department. Show all working.for(5 marks)c) What is theequivalent unit costfor bothmaterialsandconversion costsMay in the machining department?(8 marks)d) Now ignore the above calculations in (a)–(c), and assume that the equivalent unitcosts for the machining department for the month of May were actually $7.50 fordirect materials and $10 for conversion costs.for

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 6 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Three
Professor
Sandra Lazzarini
Tags
Cost Accounting, Thrones Ltd, Blackbox Ltd

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture