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    1. Siti Jariah owns a small boutique. She predicts selling 3,000 office wears at RM300 each and 1,000 ladies apparel at RM30 each for 2022. 2. Ayu Hazreen manufactures shoes under the brand HAZ Shoes. She prepared a flexible budget statement showing sales increasing 10% annually over 5 years using marginal costing. 3. Computer Easy manufactures mouse pads. As the accounts executive, you revised their budget statement for Period 4 using a flexible budgeting approach accounting for variable, fixed, and semi-variable costs. You prepared a performance report and statement reconciling original and actual profits.

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    1. Siti Jariah owns a small boutique. She predicts selling 3,000 office wears at RM300 each and 1,000 ladies apparel at RM30 each for 2022. 2. Ayu Hazreen manufactures shoes under the brand HAZ Shoes. She prepared a flexible budget statement showing sales increasing 10% annually over 5 years using marginal costing. 3. Computer Easy manufactures mouse pads. As the accounts executive, you revised their budget statement for Period 4 using a flexible budgeting approach accounting for variable, fixed, and semi-variable costs. You prepared a performance report and statement reconciling original and actual profits.

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    64 views2 pages

    Problem Based DPA40113

    Uploaded by

    azone
    1. Siti Jariah owns a small boutique. She predicts selling 3,000 office wears at RM300 each and 1,000 ladies apparel at RM30 each for 2022. 2. Ayu Hazreen manufactures shoes under the brand HAZ Shoes. She prepared a flexible budget statement showing sales increasing 10% annually over 5 years using marginal costing. 3. Computer Easy manufactures mouse pads. As the accounts executive, you revised their budget statement for Period 4 using a flexible budgeting approach accounting for variable, fixed, and semi-variable costs. You prepared a performance report and statement reconciling original and actual profits.

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    of 2

    POLITEKNIK SULTAN AZLAN SHAH

    KEMENTERIAN PENGAJIAN TINGGI


    Behrang Stesen
    35950 Behrang
    PERAK, MALAYSIA Tel : 05-454 4431
    Faks : 05-454 4993
    Laman Web : www.psas.edu.my
    Facebook:politeknik.edu

    Course Code & Course: Lecturer:


    DPA40113 COST & MANAGEMENT MRS. ANIZA SURIATI BINTI ABDUL SHUKOR
    ACCOUNTING 2
    Problem Based (T5) Session: 1 2021/2022
    Name:
    Reg. No: Duration : 2 hour (NF2F)
    CLO : 3 Marks : 50

    Cheating will not be tolerated. All parties involved in cheating will be given zero (0) mark on
    the specified assessment.

    Instruction: Answer ALL questions.

    QUESTION 1
    Siti Jariah own a small boutique which sells ladies apparel and smart office wear. She predicts that
    she can sell at least 3,000 smart office wears and 1,000 units of ladies’ apparel for the year ending
    2022. The price of the office wear is RM300 per suit and the ladies’ apparel cost RM30 per unit.

    You are required to: Prepare the sales budget for Siti Jariah for the year ending 2022. (5 Marks)

    QUESTION 2
    Ayu Hazreen manufactures sports shoes under the brand nama HAZ Shoes. She takes orders from
    various sporting associations according to customized designs and sizes. For the future, Ayu
    Hazreen predicts sales will increase by 10% from a base of 100,000 units in the current year. The
    variable costs for the current year is as follows:

    Variable Cost RM Fixed Cost RM


    Materials 500,000 Depreciation 20,000
    Direct Labour 250,000 Rentals 30,000
    Variable Manufacturing Overhead 750,000 Supervision salaries 45,000

    You are required to: Prepare a Flexible Budget Statement to show the various level for the next
    FIVE (5) years by using the marginal costing approach. (20 Marks)
    QUESTION 3

    Computer Easy Sdn Bhd manufactures a product called ‘Kristal Mouse Pad’. This product is
    mainly for the East Asian market. The company is practicing a traditional budget. As the accounts
    executive, the company wants you to revise the statement below, which was formally prepared by
    the production manager for Period 4.

    Budgeted Actual Variance


    Production and sales (unit) 6,000 8,000 2,000
    RM RM RM
    Sales 120,000 150,000 30,000 (F)
    Direct Materials 36,000 50,000 14,000 (A)
    Direct Labour 24,000 30,000 6,000 (A)
    Rental and rates 6,000 7,600 1,600 (A)
    Depreciation 10,000 11,000 1,000 (A)
    Maintenance 6,000 8,000 2,000 (A)
    Other costs 20,000 22,000 2,000 (A)
    Net profit 18,000 21,400 3,400 (F)

    You have ascertained that:


    i. All the materials and labour cost are variable costs
    ii. All rental, rates and depreciation are fixed costs and RM1,800 of the total maintenance
    costs is fixed.
    iii. Other costs are semi-variable costs and for the last two months, these were budgeted at
    RM16,000 and RM20,000 for 4,000 and 6,000 units of production respectively.

    You are required to:


    a) Prepare a Performance Report for Computer Easy Sdn Bhd for Period 4 following the
    principles of a flexible budgetary control system. (22 marks)
    b) Prepare a Statement Reconciling the original budgeted profit with the actual profit for
    Period 4. (3 marks)

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