Introduction to Cost
CONFIDENTIAL
AC/OCT 2010/ACC116/165/211
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
INTRODUCTION TO COST ACCOUNTING / COST ACCOUNTING ACC116/165/211 OCTOBER 2010 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of five (5) questions. Answer ALL questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 7 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL QUESTION 1 a)
2
AC/OCT 2010/ACC116/165/211
State three (3) purposes of providing cost information to the company. (3 marks)
b)
Define the following terms i. ii. iii. Variable cost Fixed cost Mixed cost (3 marks)
c)
Listed below are various types of cost that are found in several organizations: i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. Interest expense on Najla Berhad's long-term debt Supervisor's salary at PSA Manufacturing Company Depreciation of cash register at Bukit Matahari Supermarket Developing a new product at the laboratory Air-conditioners maintenance cost at ABC corporate headquarters The cost of chickens used at Local Fried Chicken outlet Market survey undertaken by Sonia Electronics Berhad prior to a new product launch Cost of button in 'Nonoy Boutique' factory Fire Insurance on CD Bank's branch office Audit fees paid by a public listed company Fruits in a can produced by Fruitale Company Depreciation of delivery van of Keo's Company
Required: Classify each of the above cost items according to its function as follows: Administration cost Finance cost Production cost Selling and distribution cost Research and development cost
(6 marks)
AC/OCT 2010/ACC116/165/211
UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
INTRODUCTION TO COST ACCOUNTING / COST ACCOUNTING ACC116/165/211 OCTOBER 2010 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. 2. 3. This question paper consists of five (5) questions. Answer ALL questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
This examination paper consists of 7 printed pages
© Hak Cipta Universiti Teknologi MARA CONFIDENTIAL
CONFIDENTIAL QUESTION 1 a)
2
AC/OCT 2010/ACC116/165/211
State three (3) purposes of providing cost information to the company. (3 marks)
b)
Define the following terms i. ii. iii. Variable cost Fixed cost Mixed cost (3 marks)
c)
Listed below are various types of cost that are found in several organizations: i. ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii. Interest expense on Najla Berhad's long-term debt Supervisor's salary at PSA Manufacturing Company Depreciation of cash register at Bukit Matahari Supermarket Developing a new product at the laboratory Air-conditioners maintenance cost at ABC corporate headquarters The cost of chickens used at Local Fried Chicken outlet Market survey undertaken by Sonia Electronics Berhad prior to a new product launch Cost of button in 'Nonoy Boutique' factory Fire Insurance on CD Bank's branch office Audit fees paid by a public listed company Fruits in a can produced by Fruitale Company Depreciation of delivery van of Keo's Company
Required: Classify each of the above cost items according to its function as follows: Administration cost Finance cost Production cost Selling and distribution cost Research and development cost
(6 marks)