Account paper
EXAMINATION
SEMESTER II ACADEMIC SESSION 2012-2013
MASTER IN BUSINESS ADMINISTRATION EXECUTIVE
APRIL 2013
DURATION: 3 HOUR
COURSE CODE
:
ZCZA 6213
COURSE TITLE
:
ACCOUNTING FOR DECISION MAKING
INSTRUCTIONS
:
1.
There are FOUR (4) questions.
2.
Answer ALL questions in the provided answer booklet.
3.
Total marks are 100.
This paper consists of 6 printed pages excluding this cover page
0
QUESTION 1 (25 MARKS)
La Diva Dress Shop produces custom designed dresses for retail sales on the premises. Costs incurred during last month include the following:
Costs of fabric used in dress
Wages of dressmakers
Wages of dress designers
Wages of sales personnel
Wages of designers who experiment with new fabrics and dress designs Wages of employees who repairs the shop’s pattern and sewing machines Salary of the owner’s assistant
Cost of the new sign displayed in front of the retail shop
Cost of electricity used in the pattern department
Depreciation on pattern machines and sewing machines
Cost advertisement in local media
Cost of insurance for the production employees
Rent for the building
RM60,000
5,000
4,000
1,000
3,000
2,000
1,200
400
200
10,000
800
2,000
6,000
Additional information:
Half of the building’s first floor is used for administrative office.
The other half of it is used for a retail sales shop.
The second floor is used for making dresses and storing of raw material.
Required:
a) Use the answer sheet in Appendix A. Classify these costs into two ways (1) product cost
(either as direct materials, direct labour or manufacturing overhead) or period cost and (2) variable cost or fixed cost with respect to the number of unit produced or sold. For classifying whether product cost or period cost, place the dollar amount (in monthly amount) in the appropriate headings. For classifying whether variable or fixed, please use
X in the appropriate headings.
(14 marks)
b)
SEMESTER II ACADEMIC SESSION 2012-2013
MASTER IN BUSINESS ADMINISTRATION EXECUTIVE
APRIL 2013
DURATION: 3 HOUR
COURSE CODE
:
ZCZA 6213
COURSE TITLE
:
ACCOUNTING FOR DECISION MAKING
INSTRUCTIONS
:
1.
There are FOUR (4) questions.
2.
Answer ALL questions in the provided answer booklet.
3.
Total marks are 100.
This paper consists of 6 printed pages excluding this cover page
0
QUESTION 1 (25 MARKS)
La Diva Dress Shop produces custom designed dresses for retail sales on the premises. Costs incurred during last month include the following:
Costs of fabric used in dress
Wages of dressmakers
Wages of dress designers
Wages of sales personnel
Wages of designers who experiment with new fabrics and dress designs Wages of employees who repairs the shop’s pattern and sewing machines Salary of the owner’s assistant
Cost of the new sign displayed in front of the retail shop
Cost of electricity used in the pattern department
Depreciation on pattern machines and sewing machines
Cost advertisement in local media
Cost of insurance for the production employees
Rent for the building
RM60,000
5,000
4,000
1,000
3,000
2,000
1,200
400
200
10,000
800
2,000
6,000
Additional information:
Half of the building’s first floor is used for administrative office.
The other half of it is used for a retail sales shop.
The second floor is used for making dresses and storing of raw material.
Required:
a) Use the answer sheet in Appendix A. Classify these costs into two ways (1) product cost
(either as direct materials, direct labour or manufacturing overhead) or period cost and (2) variable cost or fixed cost with respect to the number of unit produced or sold. For classifying whether product cost or period cost, place the dollar amount (in monthly amount) in the appropriate headings. For classifying whether variable or fixed, please use
X in the appropriate headings.
(14 marks)
b)