Exam (elaborations)
Tentamen (uitwerkingen) Cost Accounting
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Hertentamen CA 2de jaar, een goede oefententamen
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Opgave 1(25p)1: Define the difference between Cost Tracing and Cost Allocation (2p)
2: Explain the difference between Direct Costs and Fixed Costs (3p)
Prijs Company is a metal and wood cutting manufacturer, selling products to the home
construction market. Consider the following data for the year 2010.
(all amounts in euros)
- Sandpaper 2.000
- Material handling costs 70.000
- Miscellaneous indirect manufacturing costs 40.000
- Direct manufacturing labor 300.000
- Direct materials, jan 1, 2010 40.000
- Direct materials. Dec 31, 2010 50.000
- Finished goods, jan 1, 2010 100.000
- Finished goods, dec 31, 2010 150.000
- Work in process, jan 1, 2010 10.000
- Work in process, dec 31, 2010 14.000
- Plant leasing costs 54.000
- Depreciation plant equipment 36.000
- Fire insurance on plant equipment 7.000
- Direct materials purchased 460.000
- Revenues 1.360.000
- Marketing promotions 60.000
- Marketing salaries 100.000
- Distribution costs 70.000
- Customer service costs 100.000
Required
3: Prepare an income statement with a separate supporting schedule of cost of goods
manufactured.(10p)
4: Suppose that both the direct materials costs and the plant leasing costs are for the
production of 900.000 units. What is the direct material cost of each product produced? What
is the plant leasing cost per unit? Assume that the plant leasing cost is a fixed cost. (5p)
5: Suppose Prijs company manufactures 1.000.000 units next year. Repeat the computation in
requirement 2 for direct materials and plant leasing costs. Assume the implied cost behavior
patterns persist.(5)
, Opgave 2 (20p)
Hotel Klassi heeft een moeilijk jaar achter de rug. Het hotel heeft de beschikking over 150
hotelkamers en is 360 dagen per jaar geopend. De gemiddelde prijs per kamer per
overnachting bedraagt 100 euro. De gemiddelde bezettingsgraad is 60%. Over het jaar 2010
is het volgende resultaat behaald:
Omzet 3.240.000
Proportioneel variabele kosten 810.000
Constante kosten 2.531.250
3.341.250
Verlies 101.250
Gevraagd:
A: Bereken de variabele kosten per kamer (2p)
B: Bereken de Break-even-omzet (3p)
C: Bereken de werkelijke bezettingsgraad in percentage (5p)
Door genomen maatregelen zijn de constante kosten alsmede de variabele kosten per kamer
met 10% verminderd. Tevens gaat men uit van een bezettingsgraad van 75%, die bereikt
wordt door de gemiddelde kamerprijs te verlagen. Men wil een winst realiseren van 4% van
de jaarlijkse omzet.
D: Bereken de kamerprijs waarbij deze winstdoelstelling wordt gerealiseerd.(10p)
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