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QUIZ AA025 ACCOUNTING 2
TOPIC 8: JOB ORDER COSTING
QUESTION 1
Cerah Sdn Bhd (CSB) uses job order costing system
to manufacture wood base products. On 22 January 2023, CSB received 100 units
order of Ukir-X products from Pudujaya Sdn Bhd (PSB) for a price of RM55 per
unit. This order is labeled as Job 300. CSB has started processing Job 300 on
January 30, and the following costs have been incurred to complete the job:
(Cerah Sdn Bhd
(CSB) menggunakan kaedah pengekosan kerja untuk mengeluarkan produk berasaskan
kayu. Pada 22 Januari 2023, CSB menerima tempahan 100 units produk Ukir-X
daripada Pudujaya Sdn Bhd (PSB) dengan harga RM55 seunit. Tempahan ini dilabel
sebagai Kerja 300. CSB memulakan proses pengeluaran Kerja 300 pada 30 Januari
dan kos berikut telah dilibatkan bagi menyiapkan kerja tersebut:)
|
Time
Ticket No. |
Description |
RM |
|
TB18 |
12.5
hours @ RM20 |
250 |
|
TB25 |
30
hours @ RM19 |
570 |
|
Material
Acquisition No. |
Description |
RM |
|
PB43 |
60 metres
thick board @ RM12
(60 meter papan tebal @ RM12)
|
720
|
|
PB54
|
40 metres
medium board @ RM12.50
(40 meter papan sederhana @ RM12.50)
|
500
|
|
PB62 |
100 metres
medium board @ RM10
(100
meter papan nipis @ RM10)
|
1,000 |
CSB applied the overhead costs
based on direct labour costs. The estimated manufacturing overhead is RM400,000
per year, while estimated direct labour costs is RM250,000 per year. Job 300
has been completed on February 3 and has been delivered to PSB on February 5,
2023.
(CSB menyerap kos
overhed perkilangan kepada kerja menggunakan asas kos buruh langsung. Jumlah
kos overhed perkilangan yang dijangkakan ialah RM400,000 setahun, manakala
jumlah kos buruh langsung yang dijangkakan ialah RM250,000 setahun. Kerja 300
disiapkan pada 3 Februari dan dihantar kepada PSB pada 5 Februari 2023.)
Required:
Prepare Job Cost Sheet for Job
300.
(Sediakan
Lembaran Kos Kerja bagi Kerja 300)
QUESTION 2
Jertam Sdn. Bhd. (JSB) uses job order costing system. JSB
applied the overhead costs based on direct labor costs. In early 2023, JSB
estimated the following expenses:
(Jertam Sdn. Bhd. (JSB) mengamalkan sistem
pengekosan kerja. JSB menggunakan kadar overhed kilang pratentu untuk menyerap kos overhed kilang pada kerja
berasaskan kos buruh langsung. Pada awal tahun 2023, JSB menganggar
perbelanjaan seperti berikut:)
|
Manufacturing
overhead costs
(Kos overhed kilang)
|
RM150,000
|
|
Direct labour
costs
(Kos buruh langsung)
|
RM200,000
|
|
Direct labour
hours
(Jam buruh langsung)
|
40,000 hours
|
|
Machine hours
(Jam mesin)
|
100,000 hours
|
The following
transactions occur in the first month of operations:
(Urusniaga berikut berlaku pada bulan pertama
operasi:)
1)
Direct material costs
(Kos bahan langsung)
|
Job
|
RM
|
|
101
|
22,000
|
|
102
|
16,000
|
|
103
|
24,000
|
2)
Direct labour costs
(Kos buruh langsung)
|
Job
|
RM
|
|
101
|
30,000
|
|
102
|
26,000
|
|
103
|
20,000
|
3)
Manufacturing costs is aplied to all the
jobs.
(Kos overhed
kilang diserap kepada kerja-kerja tersebut.)
4)
Actual manufacturing overhead costs of
RM66,000 is paid by cash.
(Kos overhed kilang sebenar berjumlah RM66,000 dibayar secara tunai)
5)
Completed jobs
(Kerja-kerja yang telah siap)
|
Job
|
Unit
|
|
101
|
1,000
|
|
103
|
200
|
Required:
(i) Calculate
the Predetermined Overhead Rate (POR).
(Kirakan kadar overhed kilang pratentu)
(ii) Calculate total direct
material used, direct labour, applied overhead and completed job.
(Kirakan jumlah
bahan mentah yang digunakan, buruh langsung, overhead diserap dan kerja yang
telah siap)
(iii) Calculate cost
per unit of job 101.
(Kirakan kos seunit bagi kerja 101)
(iv) Calculate the ending work in process
inventory.
(Kirakan baki akhir kerja dalam proses)
(v) Calculate under-applied or over-applied overhead.
(Kirakan overhed
terlebih atau terkurang serap)
