Matakuliah
Tahun
: A0486 - Akuntansi Biaya
: 2009
Sistem Biaya dan Akumulasi Biaya
Pertemuan 03-04
Latihan soal teori
Q4-1
Name the five parts of the cost of goods sold section of the
income statement
Bina Nusantara
Latihan soal teori
Q4-2
Discuss the complementary relationship between the
balance sheet and the income statement
Bina Nusantara
Latihan soal teori
Q4-7
Distinguish among the process, job order, and backflush
cost accumulation methods.
Bina Nusantara
Latihan soal hitungan
E4-4
Manufacturing Costs: Cost of Goods Manufactured
Inventories. Cost data on the activities of Columbia
Manufacturing for may are as follows:
April 30
May 31
Finished Goods
$45.602
$.........?
Work In Process
60.420
52.800
Direct Material
10.250
12.700
5.600
5.180
(a) Account Balances:
Indirect Material
Bina Nusantara
Latihan soal hitungan
April 30
May 31
(b) Transactions in May:
Supplies purchased
$ 16.500
Cost of goods sold
280.000
Raw materials purchased
105.000
Indirect labor
22.000
Factory heat, light, and power
11.220
Factory rent
18.500
Factory insurance
2.000
Sales commisions
48.000
Administrative expenses
25.000
Production supervisor’s salary
Bina Nusantara
5.000
Latihan soal hitungan
(c) 4.250 direct labor hours were worked
work a 40-hour week and are paid $22
regular shift and time-and-a-half for
overtime. Of the 4.250 hours, 250
overtime
in
May.
The
company
trats
Required:
premium
as aoverhead
part ofincurred
overhead.
1) Calculate
the factory
in May
2) Determine the cost of goods manufactured in May
3) Determine the ending balance in finished goods at May 31
(used by permission of “CMA Canada”)
Bina Nusantara
Latihan soal hitungan
E4-5
Journal Entries for the Cost Accounting Cycle. Menezes Company
had the following transactions in March:
a) Materials were purchased on account, $40.000
b) Materials were requisitioned: $33.000 for production and $2.000 for
indirect factory use
c) Total payroll of $4.000 was recorded
d) The payroll was paid
e) Of the total payroll, $32.000 was direct labor and $8.000 was
indirect factory labor
f) Various factory overhead costs totaling $4.000 were paid in cash
g) Various factory overhead costs totaling $18.000 were incurred on
account
Bina Nusantara
Latihan soal hitungan
h. Other factory overhead consisted of $2.100 depreciation, $780
expired insurance, and $1.250 accured property taxes
i. Total factory overhead was charged to the work in process account
j. Cost of completed production transffered to storage, $92.000
k. Sales on account were $80.000, half of which was collected. The
cost of goods sold was 75% of the sales price
Required:
Prepare journal entries for these transactions.
Bina Nusantara
Latihan soal hitungan
E4-8
Cost of Goods Sold Statement. Cinnabar Company has provided the
following data concerning its operations for the year ended December
31, 20A:
Raw materials on hand, December 31
$
24.000
Work in process, December 31
30.000
Finished goods, December 31
70.000
Factory supplies on hand, December 31
14000
Sales
Factory maintenance
Bina Nusantara
1.100.000
38.400
Latihan soal hitungan
Administrative salaries
Discounts on raw materials purchases
Delivery expenses
Interest income
Factory supplies used
Common stock ($10 per value)
$
108.000
4.200
16.000
1.000
22.400
2.000.000
Retained earnings
525.000
Trade accounts payable
273.500
Accumulated depreciation—factory building and
Building and equipment
Bina Nusantara
47.500
500.000
Latihan soal hitungan
Trade accounts receivable
Cash
Finished goods, January 1, 20A
Direct labor
Bad debt expense
Factory power and heat
$
450.000
170.000
37.500
180.000
2.500
19.400
Advertising
8.400
Insurance expired—factory building and equipment
4.800
Work in process, Januari 1, 20A
84.000
Depreciation—factory building and equipment
17.500
Bina Nusantara
Latihan soal hitungan
Factory superintendence
Interest expense
Raw materials purchased
Indirect factory labor
$
100.000
1.500
400.000
20.000
Sales returns
2.200
Sales discounts
1.300
Required:
Prepare the cost of goods sold statement
CGA-Canada (adapted), Reprint with permission
Bina Nusantara