ĐỀ KIỂM TRA GIỮA HỌC KỲ HỌC KỲ 2 - NĂM HỌC 2008 - 2009 Môn thi: Cost Accounting Mã môn học: KT301DV01 Thời lượng (không kể thời gian phát đề): 60 phút Không được tham khảo tài liệu Được sử dụng sách tự điển Anh-Việt, không sử dụng Kim tự điển Sinh viên làm bài trên đề thiĐềthi này có 4 trang Họ tên sinh viên: …………………………………………………. ………………………………………………… MSSV: ……………………………………… Lớp: …………………………………………. Chữ ký và họ tên cán bộ coi thi 1 Chữ ký và họ tên cán bộ coi thi 2 Chữ ký và họ tên giảng viên chấm thi Điểm thi bằng số Điểm thi bằng chữ 1 (30 marks): Require: Choose the best answer for these question as below: 1.1. A budget is defined as: a) The qualitative expression of a plan. b) An aid in controlling income. c) The quantitative expression of a plan of action and an aid to the coordination and implementation of that plan. d) The quantitative expression of a plan and an aid in controlling income 1.2. An example of a non value-added activity would be: a. Research and development b. Inventory storage c. Marketing d. Product design e. All of the above are value-added activities 1.3. If Anderson, Inc. adds a new product line, the company's revenue is expected to increase by $200,000 per year. The additional cost of production is estimated to be $80,000 per year. Administrative costs will increase by 30% (They are currently $40,000 per year). What is the effect on profits if the new line is added? a. $ 68,000 increase b. $ 50,000 increase c. $ 108,000 increase d. $ 70,000 decrease e. The other value 1.4. The ______________ ensures compliance with laws, regulations, and company policies and procedures. a. The CEO b. The Controller c. The Internal Auditor d. The Cost Accountant e. None of the above 1.5. Which of the following items is typically an example of an indirect cost of a cost object? 1/4 a) Courier charges for shipment delivery b) Manufacturing plant electricity c) Direct manufacturing labor d) Wood used for furniture manufacture 1.6. Which of the following statements is a fixed cost in an automobile manufacturing plant? a) Administrative salary b) Machine electricity for each assembly line c) Sales commissions d) Windows for each car produced ANSWER 1.1 1.2 1.3 1.4 1.5 1.6 2. (10 marks) Explain the differences between financial accounting and cost accounting? Why are these are differences important? (Candidates can use Vietnamese to modify the answers) 3. (30 marks) Prepare the statement for a manufacturing company: Beginning Ending Direct Materials inventory $ 20,000 $ 30,000 Work in process inventory $ 10,000 $ 15,000 Finished goods inventory $ 15,000 $ 30,000 Direct materials used during the year amount to $12,000, and the cost of goods sold was $ 25,000. Required: 1. Cost direct materials purchased during the year 2. Cost of goods manufactured during year 3. Total manufacturing cost incurred during the year. 4. (30 marks) Using the account analysis model to answer the questions as below: (Candidates can use Vietnamese to modify the answers) Ann, Inc. is considering the introduction of a new energy snack with the following cost characteristics for the past year: Direct material $ 30,000 Direct Labour $ 20,000 Variable overhead $ 15,000 Production was 300,000 units. Fixed manufacturing overhead was $ 40,000. For the coming year, cost is expected to increase as follows: Material cost by 5%, excluding any effect of volume changes Direct labour cost by 3% Fixed manufacturing overhead by 6% 2/4 Variable manufacturing overhead per unit is expected to remain the same. Required: 1. Prepare a cost estimate for a volume level of 280,000 units of product this year 2. Determine the cost per unit for last year and for this year. The end 3/4 4/4 . ĐỀ KIỂM TRA GIỮA HỌC KỲ HỌC KỲ 2 - NĂM HỌC 2008 - 2009 Môn thi: Cost Accounting Mã môn học: KT301DV01 Thời lượng (không kể thời gian phát đề) : 60. tham khảo tài liệu Được sử dụng sách tự điển Anh- Việt, không sử dụng Kim tự điển Sinh viên làm bài trên đề thi Đề thi này có 4 trang Họ tên sinh viên: ………………………………………………….