UNIVERSITY OF SANTO TOMAS

UST - ALFREDO M. VELAYO COLLEGE OF ACCOUNTANCY

TABLE OF SPECIFICATIONS
Course: CA5107-COST ACCOUNTING & CONTROL Academic Year: 2023-2024
Assessment: Quiz 4 Term: Second

Lesson C1 C2 C3 C4 C5 C6 Theory Problem Total

A. Cost Allocation for Joint Products
▪ Joint Production Process and Split-off Point
▪ Distinction Among Joint Costs,
Common Costs and 3 3 3
Separable/Incremental Costs
o
Allocating Costs to Primary Products
➢ Physical Measure
o Average Unit Cost Method
o Weighted Average
o Quantitative Method 3 6 3 6 9
➢ Monetary Measure
o Sales Value at Split off
o NRV at split off
o Hypothetical NRV at split off
Accounting for By-products and Scrap
▪ Realized Value Method /other income and revenue approach
▪ NRV Method /offset approach
➢ Direct
2 3 2 3 5
➢ Indirect Method
➢ Journal Entries
B. Standard Costing
➢ Setting Standard Costs
Computation of Standard DM cost 2 2 2 2 4
Computation of Standard DL cost
➢ Variance Analysis-Favorable and
2 2 2
Unfavorable variance
UST:A016-00-FO52 rev01 10/04/22
2F, Albertus Magnus Bldg., UST, España Boulevard, Sampaloc, Manila, Philippines, 1015
Telephone: +632 34061612 | +632 34061611 local 8812 / 4465 | e-mail: college.accountancy@ust.edu.ph
Website: http://www.ust.edu.ph/accountancy/ | Facebook: https://www.facebook.com/ustamvcoa2005/
 UNIVERSITY OF SANTO TOMAS
UST - ALFREDO M. VELAYO COLLEGE OF ACCOUNTANCY

Lesson C1 C2 C3 C4 C5 C6 Theory Problem Total

➢ Direct Materials Variance – Price and
3 3 3 3 6
Quantity
➢ Direct Labor Variance – Rate and
3 3 3 3
Time Variance 6
▪ Journal Entries
➢ To record Material Variance and
Labor Variance
2 3 2 3 5
➢ Disposition/Treatment of Variances
**Nothing Follows***
Total Items 20 20
Point Per Item 2.0 3.0
Total 40 60 100

The table of specifications and the assessment instrument were prepared, reviewed, and approved by the following academic staff:

Prepared by: Reviewed by:

RICHMOND CRUZ

Dr. FE R. OCHOTORENA
(Signature over printed name of academic staff) (Signature over printed name of the cluster head)
Date: 2/3/2024 Date:

Approved by:
ELISEO R. PANGANIBAN III
(Signature over printed name of the Chairperson
Date

Appendix
Course Intended Learning Outcomes CILO Higher or Lower Order?
Number
UST:A016-00-FO52 rev01 10/04/22
2F, Albertus Magnus Bldg., UST, España Boulevard, Sampaloc, Manila, Philippines, 1015
Telephone: +632 34061612 | +632 34061611 local 8812 / 4465 | e-mail: college.accountancy@ust.edu.ph
Website: http://www.ust.edu.ph/accountancy/ | Facebook: https://www.facebook.com/ustamvcoa2005/
 UNIVERSITY OF SANTO TOMAS
UST - ALFREDO M. VELAYO COLLEGE OF ACCOUNTANCY

C1 Apply the basic cost management concepts in

terms of cost identification, classification,
allocation/measurement, cost control, and cost Lower Order
accumulation process.

C2 Compute the valuation methods for direct

material cost, direct labor-related costs, and
overhead costs including predetermined and Higher Order
departmentalized overhead rates.

C3 Prepare the financial statements and supporting

Higher Order
schedules for the manufacturing business
C4 Prepare the cost sheet under job order costing
system and the relevant journal entries. Higher Order

C5 Prepare the cost of production report under

process costing system and relevant journal
Higher Order
entries.

C6 Analyze the variances under standard costing

system including the relevant journal entries.
Higher Order

UST:A016-00-FO52 rev01 10/04/22

2F, Albertus Magnus Bldg., UST, España Boulevard, Sampaloc, Manila, Philippines, 1015
Telephone: +632 34061612 | +632 34061611 local 8812 / 4465 | e-mail: college.accountancy@ust.edu.ph
Website: http://www.ust.edu.ph/accountancy/ | Facebook: https://www.facebook.com/ustamvcoa2005/