CONFIDENTIAL AC/MAY 2022/MAF251

UNIVERSITI TEKNOLOGI MARA

COMMON TEST 1

COURSE : COST AND MANAGEMENT ACCOUNTING 2

COURSE CODE : MAF251
EXAMINATION : MAY 2022
TIME : 1 HOUR 15 MINUTES

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of TWO (2) questions.

2. Answer ALL questions in English. Please save your answer scripts in ONE (1) pdf file and
rename to:
(NAME_STUDENT ID_CLASS)

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 3 printed pages

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CONFIDENTIAL 2 AC/MAY 2022/MAF251

QUESTION 1

a. Mr. Arsyad and Ms. Trisya work as an accountant in Maju Jaya Sdn Bhd. Mr. Arsyad is
responsible in providing information for the decision makers inside the organization and
to help manage resources through systems for planning and estimate the costs of the
. Ms. Trisya on the other hand is responsible in providing
information for the decision makers outside the organization and to help the preparation

i) Identify the designation performed by Mr. Arsyad and Ms. Trisya

(1 mark)

ii) List any 2 (TWO) similarities on the role of accountant between Mr. Arsyad and
Ms. Trisya.
(2 marks)

iii) Differentiate their responsibilities in relation to legal requirement, report

frequency and data precision.
(3 marks)

b. Mia Adriana had made an important decision for her company after receiving
information from her WhatsApp group and eventually the correct and error-free
information only received by her after the decision has been made. She realised that
the earlier information that she received is irrelevant to her situation. This scenario
implied that Mia Adriana had not considered certain characteristic of useful information.

i) Identify FOUR (4) characteristics of useful information that is not being

considered by Mia Adriana in making the important decision for her company.
(2 marks)

ii) Justify any TWO (2) advantages for Mia Adriana if she properly considers the
good characteristic of useful information before making the important decision
for her company.
(2 marks)

(Total: 10 marks)

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CONFIDENTIAL 3 AC/MAY 2022/MAF251

QUESTION 2

YZ Deco Sdn Bhd

applies standard costing system for cost controlling. The following information was available
for the month of April 2022.

Standard Actual
Production and sold 6,500 units 6,800 units
Selling price RM250 per unit RM265 per unit
Direct material 29,250 meters 28,560 meters
Direct material price RM34 per meter RM35.50 per meter
Direct labour hours 11,700 hours 14,300 hours
Direct labour rate RM12.00 per hour RM12.50 per hour
Variable overhead RM111,150 RM125,000
Fixed overhead RM130,000 RM135,000

The variable overhead cost is absorbed based on direct labour hours while the fixed overhead
cost is absorbed based on number of units produced.

Required:

a. Prepare a standard cost card for one unit of DIY clock.

(4 marks)

b. Calculate the following variances:

i. Direct material price and usage

ii. Direct labour rate and efficiency
iii. Variable production overhead expenditure and efficiency
iv. Fixed production overhead expenditure and volume
v. Sales margin price and volume
(15 marks)

c. Construct a statement to reconcile the budgeted profit and actual profit for the month of
April 2022.
(3 marks)

d. Identify FOUR (4) causes and possible solutions for adverse direct material usage.
(8 marks)

(Total: 30 marks)

END OF QUESTION PAPER

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