BKAM3023 CONFIDENTIAL UUM Universiti Utara Malaysia FINAL EXAMINATION SECOND SEMESTER SESSION 2017/2018 COURSE CODE/NAME : BKAM3023 MANAGEMENT ACCOUNTING I DATE +10 JUNE 2018 TIME : 9.00 AM-12.00 NOON (3 HOURS) VENUE :DMS INSTRUCTIONS: 1. This examination paper contains FOUR (4) questions in TWELVE (12) printed pages including appendix , excluding the cover page. 2. Answer ALL questions in the answer sheets provided. MATRICNO:; — ] (in words ) (in numbers ) JL IDENTIFICATION CARD NO. : {] [ LECTURER: GROUP : CJ TABLE NO. : DO NOT OPEN THIS EXAMINATION PAPER UNTIL INSTRUCTED CONFIDENTIALBKAM3023 MANAGEMENT ACCOUNTING IL O QUESTION 1 (25 MARKS: 45 MINUTES) A. Sintok Fried Chicken Sdn. Bhd. (SFCSB) is selling fried chickens in Sintok area. As for the coming Merdeka Day, a special promo set will be introduced, which contains 9 pieces of chickens, 5 scoops of whipped potatoes, 4 glasses of drinks and I special cupcake for mother. The price for the set is RM49.99. The costs elements for each product is as follows - Selling Price | Variable Cost per unit | Total Fixed Cost (RM) (RM) (RM) Chicken 3.00 per piece Whipped potato | 1.50 per scoop | "Drink 3.00 per glass 50,000.00 Cupcake 3.49 per unit REQUIRE! (a) Determine the contribution margin per package for Merdeka Day promo set. (4.5 Marks) (6) Calculate the break even point for the promo set. Determine in units for each product in the promo set. (6 Marks) (©) Calculate the margin of safety (in RM) if the company manage to sell 2,000 sets for the month. (2 Marks) (@ Calculate the operating income for the month, based on your answer in (c). (1.5 Marks) (©) Give TWO @) suggestions of how SECSB can increase their net profit, (2 Marks)BKAM3023 MANAGEMENT ACCOUNTING I B. Salami Manufacturing Sdn. Bhd. (SMSB) has the following forecast related to direct materials and finished goods for the month of July Finished Goods Direct Materials Budgeted Sales 25,400 a [Opening Inventory 5,000 3,300 ] _ Closing Inventor: 6,300, 4,500 | Other information: 1. Each unit manufactured takes 3 hours of labour time and labours are paid at the rate of RMB .50 per hour. 2. Each unit manufactured needs 300 gram of direct materials with the cost of RM90 per Kilogram, REQUIRED: (a) Prepare the July budget for SMSB. @ Production budget. Direct material budget. (ii) Direct labour budget. (2.5 Marks) (4 Marks) (2.5 Marks) (6) Explain why sometimes company have to flex their static budget, (1 Mark)