Saturday, May 19, 2012

Re: [ vuZs.net ] MGT402 Cost and management ka current paper required. please share.

MGT402 Cost & Management Accounting

MID TERM Paper

Fall Spring 2012

 

MID TERM Paper

Dated May 11,2012

Time 1 hour

Attempt by On JuGnOo blaky.angel05@gmail.com Fri, May 11, 2012 at 12:14 PM,

 

26 mcqs 

2 marks 3 

2 marks 5 

Consider the following data:  (3) 

 

Particulars

Rs.

Raw material inventory beginning

14,000

Purchases of Raw materials

120,000

Raw material inventory Ending

10,000

Direct labor

200,000

Manufacturing Overhead (actual)

402,000

Manufacturing Overhead (applied)

404,000

 

What is the amount of under or over applied manufacturing overhead cost?

 

XYZ Company's Overhead Budget for the month together with data relating to cost centers is as follow:   (5)

 

Overhead Cost

     Rs.

Power

3,200.00

Rent Of Godown

125

Depreciation Of plant

7,500.00

 

                                                                                          Machine Groups

Bases for Apportionment.

Q

R

S

T

TOTAL

Kilowatt Hours

27,500.00

2,525.00

4,500.00

6,500.00

41,025.00

Small tools and supplies

291

350

55

142

838.00

Floor Space(Sq Ft)

1,100.00

1,105.00

650

550

3,405.00

Capital Cost Of plant

2,450.00

16,000.00

7,500.00

13,000.00

38,950.00

 

 

 

 

 

Required: Apportion each of the cost given to the four groups of machine on suitable bases.

 

Red Corporation instituted a new process in October, during which it started 10,000 units in department A. of the units started, 1,000 units, a normal number were lost during the process, 7,000 were transferred to next department B and 2,000 remained in work in process inventory at the end of the month, 100% completed as to material and 50% as conversion. Material and conversion cost of Rs. 27,000 and Rs. 40,000 were charged to department in October.

 

Required: Total cost transferred to department B

 

 

 

West Point Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on machine hours in Department A and direct labor cost in Department B and at the beginning of the year, the company made the following estimates:

 

Particulars

Dept A (Rs.)

Dept B(Rs.)

Direct labor cost

45,000

45,000

Manufacturing overhead

36,000

80,000

Direct labor hours

18,000

16,000

Machine hours

6,000

1,500

 

What predetermined overhead rates would be used in Department - A and Department - B, respectively?   (5)

 

Entries  (3)

 

Direct Labor

25,000

Indirect Labor

20,000

Sales Salaries

5,000

Administrative Salaries

10,000

Total

60,000

Deductions

 

Income tax

3,000

Group insurance

2,000

 

Required: Pass journal entry to record Payroll expense.

 


On Sat, May 19, 2012 at 3:15 PM, Princess of Hearts <asmarasool786@gmail.com> wrote:
Assalam o Alaikum

dear virtualians

mujhay MGT402 Cost and management ka current paper chahye. please share.kejiay

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Pr!nce$$ 0f He@rt$

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