Là những kỹ năng cơ bản mà các chuyên viên kế toán quản trị, tài chính cần có cho đặc thù công việc và ngành của mình như: Phân tích báo cáo tài chính, kế toán và quản trị chi phí, lập kế hoạch kiểm soát, lập và phân tích báo cáo báo cáo quản trị, tài chính doanh nghiệp và quản trị nguồn ngân sách, quản lý rủi ro
Trang 1P1-1C Mina Company specializes in manufacturing motorcycle helmets The company
has enough orders to keep the factory production at 1,000 motorcycle helmets per month
Mina’s monthly manufacturing cost and other expense data are as follows
Raw materials (plastic, polystyrene, etc.) 20,000
Miscellaneous materials (glue, thread, etc.) 2,000
Instructions
(a) Prepare an answer sheet with the following column headings
Product Costs Cost Direct Direct Manufacturing Period
Item Materials Labor Overhead Costs
Enter each cost item on your answer sheet, placing the dollar amount under the
ap-propriate headings Total the dollar amounts in each of the columns
(b) Compute the cost to produce one motorcycle helmet
P1-2C Par Play Company, a manufacturer of driver golf clubs, started production in
November 2011 For the preceding 5 years Par Play had been a retailer of sports
equip-ment After a thorough survey of driver golf club markets, Par Play decided to turn its
retail store into a driver golf club factory
Raw materials cost for a driver will total $24 per driver Workers on the production
lines are paid on average $13 per hour A driver usually takes 2 hours to complete In
ad-dition, the rent on the equipment used to produce drivers amounts to $1,500 per month
Indirect materials cost $3 per driver A supervisor was hired to oversee production; her
monthly salary is $3,500
Janitorial costs are $1,400 monthly Advertising costs for the drivers will be $6,000
per month The factory building depreciation expense is $9,600 per year Property taxes
on the factory building will be $7,200 per year
Instructions
(a) Prepare an answer sheet with the following column headings
Product Costs Cost Direct Direct Manufacturing Period
Item Materials Labor Overhead Costs
Assuming that Par Play manufactures, on average, 2,500 drivers per month, enter
each cost item on your answer sheet, placing the dollar amount per month under the
appropriate headings Total the dollar amounts in each of the columns
(b) Compute the cost to produce one driver
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g e /w eygandt Problems: Set C
Classify manufacturing costs into different categories and compute the unit cost.
(SO 3, 4)
Classify manufacturing costs into different categories and compute the unit cost.
(SO 3, 4)
(a) DM $20,000
DL $55,000
MO $17,800
PC $13,700
(a) DM $60,000
DL $65,000
MO $15,300
PC $ 6,000
Trang 2P1-3C Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows
Case
$ 4,000
Instructions
(a) Indicate the missing amount for each letter
(b) Prepare a condensed cost of goods manufactured schedule for Case A
(c) Prepare an income statement and the current assets section of the balance sheet for Case A Assume that in Case A the other items in the current assets section are as follows: Cash $3,000, Receivables (net) $10,000, Raw Materials $700, and Prepaid Expenses $200
P1-4C The following data were taken from the records of Jimey Manufacturing Com-pany for the year ended December 31, 2011
Inventory 1/1/11 $ 47,000 Factory Machinery
Finished Goods Inventory 12/31/11 77,800
Accounts Receivable` 27,000
Instructions
(a) Prepare a cost of goods manufactured schedule (Assume all raw materials used were direct materials.)
(b) Prepare an income statement through gross profit
(c) Prepare the current assets section of the balance sheet at December 31
P1-5C Mayo Company is a manufacturer of toys Its controller resigned in August 2011
An inexperienced assistant accountant has prepared the following income statement for the month of August 2011
Prepare a cost of goods
manufactured schedule and
a correct income statement.
(SO 5, 6)
Indicate the missing amount
of different cost items, and
prepare a condensed cost
of goods manufactured
schedule, an income
statement, and a partial
balance sheet.
(SO 5, 6, 7)
Prepare a cost of goods
manufactured schedule, a
partial income statement,
and a partial balance sheet.
(SO 5, 6, 7)
(a) CGM $305,600
(b) Gross profit $149,700
(c) Current assets $185,100
(c) Current assets $17,100
Trang 3MAYO COMPANY Income Statement For the Month Ended August 31, 2011
Less: Operating expenses
Selling and administrative salaries 70,000
Depreciation on sales equipment 50,000
Depreciation on factory equipment 35,000
Prior to August 2011 the company had been profitable every month The company’s
president is concerned about the accuracy of the income statement As her friend, you
have been asked to review the income statement and make necessary corrections After
examining other manufacturing cost data, you have acquired additional information as
follows
1 Inventory balances at the beginning and end of August were:
August 1 August 31
2 Only 50% of the utilities expense and 70% of the insurance expense apply to factory
operations; the remaining amounts should be charged to selling and administrative
activities
Instructions
(a) Prepare a cost of goods manufactured schedule for August 2011
(b) Prepare a correct income statement for August 2011
(a) CGM $477,000 (b) NI $ (5,500)