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The Association of Chartered Certified Accountants

Paper F2 Management Accounting


December 2011 Intake

Chapter 1: Management Information


1. Purpose of management information
Provide information for Management to make decision
2. data & information
Data: Is a collection of unprocessed facts or opinions
Information: Data has been processed then having meaningful
3. Qualities of good information

Relevant

Cost vs benefit

Communication to right person/right channel

Comparison

Confidential

Accurate

Volume

4. Process of making budget

Objective

Search for alternative

Gather data about alternative

Select the best one

Implement plan

Monitoring actual result

Taking control action

5. Different between financial account & management account

External

Internal

Format strictly

Not strictly

Required by law

Require by mgt

Historical

Historical, future

6. Cost unit: is a unit of product which has costs attached to it


Question practice:
1. Which of the following is not correct?
A Cost accounting can be used for stock valuation to meet the requirement of internal
reporting only

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

B Management accounting provide appropriate information for decision making,


planning, control and performance evaluation
C Routine information can be used for both short term and long term run
D Financial accounting information can be used for internal reporting purpose
2. Which of following would be included in the financial account, but may be excluded from
the cost account?
A Direct material cost
B Depreciation of storeroom handling equipment
C Bank interest and charge
D Factory managers salary
3. Which one of the following may be included in the cost account but excluded from
financial account?
A Depreciation of equipment
B Distribution expenses
C Supervisors salary
D Replacement value of fixed asset
4. Which of the following statements are true?
I

Information is raw material for data processing

II

External sources of information include an organisations financial accounting records

III The main objective of non profit making organisation is usually to provide goods and
services
A I and III only
B I, II and III
C II and III only
D III only
5. Which of the following statement is not true?
A Management accounts detail the performance of an organisation over a defined
period and the state of affairs at the end of that period
B There is no legal requirement to prepare management accounts
C The format of management accounts is entirely at management discretion
D Management accounts are both an historical record and a future planning tool

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter 2: The role of information


technology
1. Advantages of computer have over humans

Speed

Accuracy

Volume & complexity

Access to information

2. Data processing model

Original data input

Processing - storage

Output

Data can be stored on disks, tapers or memory disks. Data can be output via output devices
(printer or monitor).
3. Stages of data input:

Original of data: transaction giving rise to data which needs to be recorded and
processed

Transcription of data on to a paper document suitable for operators to refer to while


keying in data

Data input (by means of keyboard)

4. Means:

Monitor (VDU)

Window

Icons

Mouse

Pull-down menu

5. Management information system: is hardware and software used to drive a database


system which provides useful information for management.

The need for formal planning: to storage information out of head of manager incase he is
absences or leaving the company

Avoid missing information

Timely provide information

Characteristics of MIS:
o

Defined function of individual and their responsibility

Areas control within the company should also be clearly defined

Control overall

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Cost accounting system is a part of the overall management information system


Practice question:
1. When visiting your local supermarket, the items that you have purchased are scanned by
a device which acts as a cash register. This device is known as:
A MICR
B OCR
C OMR
D EPOS
2.

Printers which print a whole page at a time are known as:


A Bubble jet printers
B Daisy wheel printers
C Dot matrix printers
D Laser printers

3. Features of computer systems include:


(i)

Icons

(ii)

Keyboard

(iii)

Optical mark reading

(iv)

Pull-down menu

Which of the above are features of graphical user interfaces?


A (i) and (ii)
B (ii) and (iii)
C (i), (iii) and (iv)
D (i), (ii) and (iv)
4. Which of the following are used for capture and storage of management accounting data
by computer?
(i)

Bar code

(ii)

Disk

(iii)

Printer

(iv)

Tape

A (i) and (ii) only


B (i),(ii) and (iv) only
C (i),(iii) and (iv) only
D (ii),(iii) and (iv) only

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter 3: Cost classification


1. Cost classification

By accounting for input cost


o

Material

Labor

Expenses

By function (department)
o

Production

Admin

Selling

Direct and indirect


o

Direct: directly attributable to a particular cost unit

Indirect: can not attributable to a specific cost unit

Format:

DM
DL
DE
Prime cost
Production overhead
Total factory cost

Fixed and variable


o

Fixed: do not change by number of activity

Variable: change with level of activity

By responsibility
o

Cost centre:

Revenue centre

Profit centre

Investment centre

By final output: WIP->FG->COS account

2. Cost per unit


Cost per unit = Cost of input/No.of out put
3. Ratio

Profit margin = Profit/Sales

Gross profit margin = Gross Profit/Sales

ROCE = Profit/Capital employed

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Paper F2 Management Accounting
December 2011 Intake

Asset turnover = Sales/Capital employed

Profit margin x Asset turnover = ROCE

Practice question:
1. A cost unit is
A

The cost per hour of operating a machine

B The cost per unit of electricity consumed


C A unit of product or service in relation to which costs are ascertained
D A measure of work output in a standard hour
2. A cost centre is
A A unit of product or service in relation to which costs are ascertained
B An amount of expenditure attributable to an activity
C A production or service location, function, activity or item of equipment for which costs
are accumulated
D A centre for which an individual budget is drawn up
3. Which of the following costs are parts of the prime cost for a manufacturing company?
A Cost of transporting raw materials from the suppliers premises
B Wages of worker in raw materials factory from the suppliers premises
C Depreciation of lorries used for deliveries to customers
D Cost of indirect production materials
4. Which of the following are indirect costs?
(i)

The depreciation of maintenance equipment

(ii)

The overtime premium incurred at the specific request of a customer

(iii)

The hire of a tool for a specific job

A Item (i) only


B Items (i) and (ii) only
C Items (ii) and (iii) only
D All of them
5. A company has to pay a royalty of $1 per unit to the designer of a product which it
manufactures and sells. The royalty charge would be classified in the companys
accounts as:
A direct expense
A production overhead

An administrative overhead

A selling overhead

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

6. Prime cost comprise:


A All variable cost
B Direct labor and direct material only
C Direct labor and direct material, direct expenses
D Direct labor and direct material, production overhead
7. A semi-variable cost is one that:
A increase in direct proportion to output
B remain constant irrespective of the level of output
C contains an element of both fixed and variable cost
D increase throughout the year
8. Which of the costs listed below is not a fixed cost?
A Insurance
B Business rates
C Depreciation-based on straight-line method
D Materials used in production
9. Which of the following items would be treated as an indirect costs?
A Wood used to make chairs
B Metal used for the leds of the chairs
C Fabric to cover the seat of the chairs
D Staples to fix the fabric to the seat of the chair
10. What is gross profit margin if:
A company results as below:
Sales
Cost of sales:

160,000
Direct material

40,000

Direct labor

40,000

Production overhead

22,000

Marketing overhead

42,000

Profit

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144,000

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter 4: Cost behaviour


1. Cost behavour analysis

Fixed cost: Total fixed costs do not change but fixed cost per unit reduces if level of
activity increase.

Variable cost: total variable cost increase if level of activity increase but variable cost per
unit remains the same.

Semi-variable: total semi-variable cost increase if level of activity change but semivariable cost per unit reduces if level of activity increase.

Stepped fixed cost: total stepped fixed cost increase if level of activity increase but
stepped fixed cost per unit reduce if level of activity increase.

2. Estimated cost
Y=a + bx

y= total cost
a=fixed cost
b=variable cost
x=No.of unit

3. High-low method
Step: Highest activity
Highest cost

lowest activity
lowest cost

VC = (Highest cost - lowest cost)/(Highest activity - lowest activity)


FC=total cost VC
Practice question
1. Four cost behaviour patterns are demonstrated on the chart below.
Which line on the chart represents the behaviour of total raw material costs where a volume
discount applies to all purchases in a period once a required level is reached?

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

A Line A
B Line B
C Line C
D Line D
2. The following data have been collected for four cost types W, X, Y, Z at two activity levels:
Cost type

Cost @ 100 units

Cost @ 140 units

8,000

10,560

5,000

5,000

6,500

9,100

6,700

8,580

Where V = variable. SV = semi variable and F = fixed, assuming linearity, the four cost
types W, X, Y and Z are respectively
W

SV

SV

SV

SV

SV

SV

3. A production worker is paid a salary of $650 per month, plus an extra 5 pence for each unit
produced during the month. This labour cost is best described as:
A

A variable cost

A fixed cost

A step cost

A semi-variable cost

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

4. A hotel has recorded that the laundry costs incurred were $570 when 340 guests stayed for
one night. They know that the fixed laundry cost is $400 per night. What is the variable
laundry cost per guest-night (to the nearest penny)?
A

$0.50

$1.18

$1.68

Impossible to calculate from the information available

5. The following charts demonstrate various costs in relation to activity:

Which of the above charts represents fixed cost per unit?


A Chart 1
B Chart 2
C Chart 3
D Chart 4
6. The following table details the totals cost Y, a step cost, for different production levels of
Product X.
Units of Product X

Cost Y ($000)

100

10

100

20

100

30

150

40

150

What could have been the cause for the increase in the cost?
A

Increased storage requirements

Pay increase for direct labour

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Loss of material discounts

Temporarily employing extra delivery drivers on hourly pay rates

The following information related to question 7 to 9


Direct material

10

Direct labor

29

Direct expenses

Factory expenses

variable

Fixed

Non-manufacturing costs variable


Fixed
Total

2
4
60

Profit is 33% of total cost


7. What is the final selling price?
A 60
B 75
C 80
D 90
8. What is the variable cost?
A 54 per unit
B 42 per unit
C 51 per unit
D 49 per unit
9. What is prime cost?
A 54 per unit
B 60 per unit
C 42 per unit
D 49 per unit
10. A firm is trying to find a relationship between its sales volume in a quarter and its telephone
expenses that quarter
If a sales volume of 2 million units corresponds to a telephone expenses of $ 5000 and sales
volume of 4 million units corresponds to a telephone expenses of $ 6000, then if the sales
volume is 5 million, the telephone expense is likely to be:
A $ 2,500
B $ 6,500
C

$ 7,000

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

$ 7,500

11. The following data are records of output levels and overhead costs
January

December

Hours worked

18,000

21,000

Total costs

86,000

97,438

There was 3% inflation between January and December. The variable cost per unit hour
worked at January level and to the nearest $ 0,01 is:
A

$ 4.52

$ 2.86

$3.35

$2.6

12. Bronze
Bronze recorded the following costs for the past six months
Month

Level (unit)

Total cost

80

6,586

60

5,826

72

6,282

75

6,396

83

6,700

66

6,054

a. Estimate the fixed costs per month and variable cost per unit using high-low method
b. Estimate the total cost for the following level in a month
(i)

75 units

(ii)

90 units

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter 5: Material
1

Inventory Classification
Raw material: Goods/ Materials purchased for incorporation into products for sales
WIP: An intermediate stage between the manufacturer purchasing the materials that go to
make up the finished product and the finished product
Finished Goods: ready for sale or despatch
2. Inventory Systems:
Perpetual Inventory system: updates inventory accounts after each purchase or sale
Periodic Inventory system: inventory quantities are updated on a periodic basis
3. Issuing inventory
Pricing issues of materials:
First in first out (FIFO)
Last in first out (LIFO)
Weighted average cost (AVCO)

Cumulated Weight Average Cost


Calculate average price after each receipt of material (sometime called Moving Average
Cost), used in Perpetual Inventory System.

Weighted average price =

Inventory value of items in stores + Purchase cost of units


received
Quantity already in stores + Quantity received

Periodic Weight Average Cost


Calculate at the end of the period which is then used to price all issues
Used in Periodic Inventory System
Cost of opening inventory + Cost of all receipts in the period
Periodic weighted avg. price =

Opening Inventory Quantity + Quantity received in the period

4. Ecomomic order quantity (EOQ)


EOQ = 2CoD/Ch
Average inventory held = (EOQ/2 + Buffer stock)
Total holding cost = Ch x Average inventory held
Re-order level = Maximum supply lead time x maximum demand for the item
Re-order level = Safety stock + Average supply lead time x Average demand for the item
Maximum Inventory Control Level = Re-order Level + Re-order Quantity (minimum usage x
minimum lead time)
Minimum Inventory Control Level = Re-order Level (average usage x average lead time)

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Average inventory control level = Re-order level + Re-order quantity/2 (average lead time x
average usage)
Practice question
1. 2,400 units of component C, valued at a price of $6 each, were in stock (inventory) on 1

March. The following receipts and issues were recorded during March.
3 March

Received

4,000 units @ $6.20 per unit

12 March

Received

2,000 units @ $6.86 per unit

23 March

Issued

5,100 units

Using the weighted average price method of stock (inventory) valuation, the total value of the
components remaining in stock (inventory) on 23 March was $
2. In a period of rising prices, which one of the following will be true with a first in first out (FIFO)

system of pricing stock (inventory) issues?


Product costs are overstated and profits understated

Product costs are overstated and profits overstated


Product costs are understated and profits understated
Product costs are understated and profits overstated
3. If the company using FIFO method for material issues at a time when material prices are

rising this will mean which of the following?


A

Production cost will be lower and profit higher if LIFO had been used

Production cost will be higher and profit lower if LIFO had been used

Production cost will be lower and profit lower if LIFO had been used

Production cost will be higher and profit higher if LIFO had been used

4. Hill Ltd wished to minimize its stock costs. At the moment its reorder quantity is 1,000 units.

Order costs are $10 per order and holding costs are $0,1 per unit per month. Hill Ltd
estimates annual demand to be 15,000 units.
What is the optimal reorder quantity
A

500 units

1,000 units

1,200 units

1,700 units

5. A company uses two very similar types of fixing bracket, Z99 and Z 100. The bracket are

purchase from an outside supplier. When the company undertakes a stock check it finds
some differences as show below:

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Product

Stock record

Stock count

Z99

100

79

Z100

80

101

What is the most likely reason for the differences between the stock record and the stock
count for each bracket?
A.

Production was higher than expected

B.

Some bracket ware damaged during production

C.

A customer asked the company to supply some extra bracket of both types

D.

Some bracket were put in the incorrect storage racks

6. It a company wanted to ensure that its cost of production included the most recent cost for

material, it would be:


A

Standard cost

FIFO

Weighted average cost

LIFO

7. The following documents are used within a cost accounting system

(i)

invoice from supplier

(ii)

purchase order

(iii)

purchase requisition

(iv)

stores requisition

Which two of the documents are matched with the goods received nte in the buying process?
A

(i) and (ii)

(i) and (iv)

(iii) and (ii)

(iii) and (iv)

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter VI: Labour


1.

Labour remuneration
Labour cost = Gross amount + Employer's contribution + Others (Recruiment cost, training...)
Basic pay: Time- related pay, Performance- related pay
Overtime: Direct or indirect cost
Incentives includes: Piece work, Time- saved bonuses, Discretionary bonus, Group bonus
scheme, Profit-sharing scheme
Idle time or down time is time paid for that is non-productive

2.

Labour turnover
Average annual number of leavers who are replaced
Average number of employees

3.

Labour efficiency and utilisation


Efficiency (productivity) ratio = Expected hours to make actual output/ Actual hours taken
Capacity ratio = Actual hours worked/ Budgeted hours
Activity ratio = Efficiency ratio x Capacity ratio
Practice question:
1. Gross wages incurred in department 1 in June were $54,000. The wages analysis shows the
following summary breakdown of the gross pay.
Paid to
direct labour

Paid to
indirect labour

$
Ordinary time

25,185

11,900

Overtime: basic pay

5,440

3,500

Premium

1,360

875

Shift allowance

2,700

1,360

Sick pay

1,380

300

36,065

17,935

What is the direct wages costs for department 1 in June?


A

$25,185

$30,625

$34,685

$36,065

2. Which of the following statements is/are true about group bonus schemes?
(i)

Group bonus schemes are appropriate when increased output depends on a number
of people all making extra effort

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Paper F2 Management Accounting
December 2011 Intake

(ii)

With a group bonus scheme, it is easier to reward each individuals performance

(iii)

Non-production employees can be rewarded as part of a group incentive scheme

(i) only

(i) and (ii) only

(i) and (iii) only

all of them

3. Guilt Trips Ltd budgets to make 50,000 units of output (in eight hour each) during a budget
period of 400,000 hours.
Actual output during the period was 54,000 units which took 480,000 hours to make.
The efficiency and capacity ratios are:
Efficiency ratio

Capctity ratio

90%

83%

90%

120%

111%

83%

111%

120%

4. Which of the following statements is correct ?


A

Idle time cannot be controlled because it is always due to external factors

Idle time is always due to inefficient production staff

Idle time is always due to inefficient production staff

Idle time is not always the fault of production staff

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter VII: Expenses


1

Expense distinction
Capital expenditure is expenditure by a business on non-current (fixed) assets
Revenue expenditure is all expenditure other than capital expenditure and represents day to
day or operating expenses
Revenue expenditure is more relevance to the costing of products than capital expenditure.
Capital expenditure is only relevance when it is turned into revenue expenditure in form of
depreciation.

Depreciation

Straight line method

Reducing balance method

Machine hours method

Depreciation is the measure of the wearing out, consumption or other reduction in the useful
economic life of a non-current asset.
It spread out the capital cost of the asset over as long a period as the asset is used.
3

Obsolescence
Obsolescence is the loss in value of an asset because it has been superseded for example
due to the development of a technically superior asset or changes in market conditions. Loss
should charge direct to the costing income statement

Practice question:
1. Which of the following are examples of capital expenditure ?
(i)

Purchase of a building

(ii)

Extension to a building

(iii)

Fixing broken windows

(iv)

Replacing missing roof tiles

(i) and (ii)

(i) and (iii)

(i) and (iv)

(i), (ii), (iii) and (iv)

2. During 20X0, Joe Ltd bought new machinery for $40,000 and built an extension on its head
office at a cost of $20,000. Machinery was maintained at a cost of $4,000 during the year and
the head office was repainted at a cost of $5,000.
Joe Ltds capital expenditure in 20X0 is
A

$40,000

$60,000

$64,000

$69,000

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Paper F2 Management Accounting
December 2011 Intake

3. New England plc purchases an asset for $20,000 which is depreciated over four years using
the straight line method. Assume a zero residual value after four years.
What is the next book value of the asset after three years ?
A

$5,000

$10,000

$15,000

$20,000

4. New England plc purchases another asset for $60,000 which is depreciated at a rate of 20%
per annum on the reducing balance. What is the net book value of the asset after four years?
A

$12,000

$19,661

$24,576

$30,720

5. The process by which whole cost items are charged direct to a cost unit or a cost centre is
known as
A

Allocation

Obsolescence

Depreciation

Expenditure

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Chapter VIII. Costing approaches


1. Overview
Materials

Labours

Overheads

Variables

Fixed

Production Costs

Period Costs

Absorption Costing

Marginal Costing

Profit Statement

Profit Statement

Reconciliation

Costing Approaches as Management Information

2. Absorption Costing
Absorption costing is a method of determining a product cost that included a proportion of
all/ full production overheads incurred in the making the product and possibly appropriation
of other overheads such as administration and selling overheads.
(a) Absorption Costing procedures

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Paper F2 Management Accounting
December 2011 Intake

Expenses

Overheads

Prime Costs

Joint Expenses

Specific O/H
1: Allocation

Cost centre

Cost centre

3: Absorption

Cost centre

2: Apportionment & Reapportionment

Cost unit

(b) Method of reapportionment

Direct method: used where service cost centres do not provide services for one
another

Step-down method: used where at least one of the service cost centres provides to
another service cost centre as well as to the production cost centre

(c)Absorption rate

Absorption rate = Budgeted Overhead costs/ Budgeted volume of activity

(d) Over and under absorption

Absorbed Overhead > Actual Overhead Over-absorbed (profit)

Absorbed Overhead < Actual Overhead Under-absorbed (expense)

3. Marginal Costing
Marginal Production Cost consists Direct material, Direct labour, Variable Production
Overhead
Marginal cost of sales usually consists of the marginal cost of production adjusted for
inventory movement plus variable selling cost which would include items such as variable
Contribution = Sales Variable cost of sales
= Fixed cost + Profit
(a) Profit statements Under Absorption Costing and Marginal Costing
o

Absorption Costing

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Sales

Production cost of sales


Opening Inventory (full production cost)

Production cost
Direct materials

Direct labour

Production overhead absorbed

X
X
X

Less closing inventory (full production cost)

(X)

Production cost of sales

(X)
X

Production overhead absorbed

Production overhead incurred

Over-(under-) absorbed overheads

X or (X)

Gross profit

Administration overheads incurred

Selling and distribution overheads incurred

X
(X)

Net profit

Marginal costing
$

Sales
Variable production cost of sales

Opening Inventory (variable production cost)

Variable production cost


Direct materials

Direct labour

Variable production overhead

X
X
X

Less closing inventory (variable production cost)

(X)

Variable production cost of sales

Variable selling and distribution costs

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Total variable cost of sales

(X)

Contribution

Fixed costs (period costs)


Fixed production overheads

Fixed administration overheads

Fixed selling and distribution overheads

Total fixed costs

(X)

Profit

(b) Reconciliation Statement for Marginal Costing and Absorption Costing Profit
$
Marginal Costing Profit

ADD (Closing stock Opening Stock) x OAR

= Absorption Costing Profit

4. Job, batch, service costing

Individual products designed and produced for individual customers, each individual
product is a cost unit use job costing;

Group of different products (possibly in different styles, sizes, colours), produced to be


held in inventory until sold each of the batches of whatever style, size or colour is a cost
unit use batch costing;

Many units of identical products produced from a single production process, held in
inventory until sold each batch from the process is a cost unit use process costing

Cost of each product or cost unit = total cost / number of products in the batch

Service costing differs from other costing methods in the following ways:

Cost of direct materials consumed will be relatively small compared to the labour, direct
expenses and overhead costs
Indirect costs tend to represent a higher proportion of total cost compared with product
costing
Output of most service organizations is often intangible and it is therefore difficult to establish
a measurable unit cost.
Output is intangible: no inventory (Stimulation)
5. Process Costing
(a) Losses

Normal loss is the expected amount of loss in a process. It is the level of loss or waste that
management would expect to incur under normal operating condition

If units of normal loss have no scrap value, their value or cost is zero;
If units of normal loss have a scrap value, the value of this loss is its scrap value, which is set
off against the cost of the process

Abnormal loss = Actual loss Expected loss

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Paper F2 Management Accounting
December 2011 Intake

= Expected output Actual output


Cost of abnormal cost is treated as an expense in the period it occurs.
Scrap value of abnormal loss is deducted from the the above expense

Abnormal gain = Expected loss Actual loss


= Actual output Expected output

Abnormal gain is taken to Income Statement as an item of profit.


If loss has scrap value, profit should be reduced by the amount of income that would have
been earned from the sales of normal loss.
(b) Work-in-progress

Unfinished production is valued using the concept of equivalent units;

1 finished output = 1 equivalent unit

Joint Products
Methods of apportioning joint cost:

Physical quantity

Sales values

Net realisable value (Sales value Further processing cost)

(d) By Products

Income from by-product added to sales of the main product

By-product income treated as a separate source of income

Sales income of the by-product deducted from the cost of production in the period

Net realisable value of the by-product deducted from the cost of production in the period

Practice

Q1.

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Q2

Q3

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Q4

Q5

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The Association of Chartered Certified Accountants


Paper F2 Management Accounting
December 2011 Intake

Vietsourcing Training Centre | Revision

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