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Cost Accounting

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  • August 2012
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Meeting 1 MRF’s File

COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8, 2009)
Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost, whether it is classified as direct material, direct labor, or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed DM Product Cost DL MOH

Tire cost incurred by Ford Motor Company Sales Commissions paid to the sales force of 2 Dell Computer Wood glue consumed in the manufacture of 3 Thomasville funiture Hourly wages of rifinery security guards 4 employed by ExxonMobile Corporations The salary of a financial vice president of 5 Hewlett Packard 6 Advertising costs of Coca Cola Straight-line depreciation on factory 7 machinery of Boein Corporation Wages of assembly-line personnel of 8 Whirpool Corporation Delivery costs on customer shipments of Ben 9 & Jerry's ice cream Newprints consumed in printing The New 10 York Times 11 Plant insurance costs of Texas Instruments Glass costs incurred in light-bulb 12 manufacturing of General Electric

Problem 2 (Mid-Semester Examination 2010/2011)
The following items (in millions) pertain to Chen Corporation: Balance as of January 1, 2009 $30 $10 $40 $50 $40 Balance as of December 31, 2009 $5 $2 $12 $30 $20

Direct materials Work in Process Finished goods Accounts receivable Accounts payable

“Sebaik-baik manusia diantaramu adalah yang paling banyak manfaatnya bagi orang lain” (HR. Imam Bukhari)

Meeting 1 MRF’s File

Plant utilities Indirect manufacturing labor Depreciation – plant and equipment Revenues Miscellaneous manufacturing overhead Marketing, distribution, and customer service cost Direct materials purchased Direct manufacturing labor Plant supplies used Property taxes on plant

For Year 2009 $5 $20 $9 $350 $10 $90 $80...