MODEL PAPER JOM SKOR PSPM

ACCOUNTING AA025
2018/2019

SECTION A [45 marks]

BAHAGIAN A [45 markah]

This section consists of 3 questions. Answer all questions.

Bahagian ini mengandungi 3 soalan. Jawab semua soalan.

QUESTION 1 [17 marks]

SOALAN 1 [17 markah]

(a) Explain diference between financial accounting and management accounting in terms of:
Terangkan perbezaan di antara perakaunan kewangan dan perakaunan pengurusan
berdasarkan ciri-ciri berikut:

(i) Type of user.

Jenis pengguna.

(ii) Timeliness of a report.

Pemasaan laporan.

(iii) Format of a report.

Format laporan.
[6 marks]
[6 markah]

(b) Kelisa Sdn.Bhd. (KSB) is a manufacturer of rattan furniture. The following is a list of costs
and expenses involved in the producing of chairs:
Kelisa Sdn. Bhd. (KSB) adalah pengeluar perabot rotan. Berikut adalah senarai kos dan
belanja yang terlibat dalam pembuatan kerusi :

Cost / Expense
Kos / Belanja
(i) Insurance on factory machinery
Insurans mesin kilang
(ii) Rattan
Rotan
(iii) Salesperson salary
Gaji jurujual
(iv) Carpenters' wages
Upah tukang kayu
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

Identify the above items into the following categories:

Klasifikasi item di atas mengikut kategori :

(i) Direct material.

Bahan mentah.

(ii) Direct labor.

Buruh langsung.

(iii) Manufacturing overhead.

Overhead kilang.

(iv) Period costs.

Kos tempoh.
[4 marks]
[4 markah]

(c) List THREE (3) methods used to segregate mixed cost.

Senaraikan TIGA (3) kaedah yang digunakan untuk mengasingkan kos bercampur.
[3 marks]
[3 markah]

(d) Identify FOUR (4) assumptions that need to be taken into account in making analysis of
the cost of profit volumes.
Nyatakan EMPAT (4) andaian yang perlu diambil kira dalam membuat analisis kos volum
untung.
[4 marks]
[4 markah]

QUESTION 2 [16 marks]

SOALAN 2 [16 markah]

(a) Explain THREE (3) advantages using applied manufacturing overhead.

Terangkan tiga (3) kelebihan menggunakan overhed perkilangan diserap.
[3 marks]
[3 markah]

(b) Explain the characteristics of job order costing in term of product types, cost
accumulation, cost flow and documentation.
Terangkan ciri-ciri pengekosan kerja dari segi jenis produk, pengumpulan kos, aliran kos
dan dokumentasi.
[3 marks]
[3 markah]
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

(c) List THREE (3) examples product using process costing and THREE (3) examples of
product using job order costing.
Senaraikan TIGA (3) contoh produk menggunakan pengekosan proses dan TIGA (3)
contoh produk yang menggunakan pengekosan kerja.
[6 marks]
[6 markah]

(d) Identify ONE (1) advantage and ONE (1) disadvantage of absorption costing and
marginal costing.
Kenalpasti SATU (1) kelebihan dan SATU (1) kelemahan pengekosan serapan dan
pengekosan marginal.
[4 marks]
[4 markah]

QUESTION 3 [12 marks]

SOALAN 3 [12 markah]

(a) Identify parties responsible for each variance.

Kenal pasti pihak yang bertanggungjawab untuk setiap varians.

(i) Direct material price.

Harga bahan mentah.
(ii) Direct material quantity.
Kuantiti bahan mentah.
(iii) Direct labour rate.
Kadar buruh langsung.
(iv) Direct labour efficiency.
Kecekapan buruh langsung.
(v) Variable overhead expenditure.
Perbelanjaan overhed berubah.
(vi) Variable overhead efficiency.
Kecekapan overhed berubah.
(vii) Fixed overhead expenditure.
Perbelanjaan overhed tetap.
(viii) Fixed overhead volume.
Volum overhed tetap.
[8 marks]
[8 markah]

(b) Explain the opportunity cost and sunk cost.

Terangkan kos lepas dan kos tenggelam.
[4 marks]
[4 markah]
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

SECTION B [85 marks]

BAHAGIAN B [85 markah]

This section consists of 4 questions. Answer all questions.

Bahagian ini mengandungi 4 soalan. Jawab semua soalan.

QUESTION 1 [30 marks]

SOALAN 1 [30 markah]

(a) Senang Dapat A Sdn. Bhd. has set its overhead rate is based on machine hours for the
Cutting Department and direct labour hours for Installation Department. In early 2014 the
management has made the following estimations:
Senang Dapat A Sdn. Bhd. menetapkan kadar overhed berasaskan jam mesin untuk
Jabatan Memotong dan jam buruh langsung untuk Jabatan Memasang. Pada awal tahun
2014 pihak pengurusan telah membuat jangkaan seperti berikut :

Cutting Installation
Department Department
Direct labour hours 125,000 250,000
Jam buruh langsung
Machine hours 375,000 51,250
Jam mesin
Direct labour costs RM 2,750,000 RM 5,000,000
Kos buruh langsung
Manufacturing overhead RM 3,000,000 RM 2,500,000
Overhed kilang

Record for July 2014, for order no 007 from one of the customers is as follows:
(Rekod bulan Julai 2014 bagi pesanan dari pelanggan bernombor 007 seperti berikut:)

Cutting Department Installation Department

Direct labour costs RM 19,250 RM 8,750
Kos buruh langsung
Direct material costs RM 27,500 RM 50,000
Kos bahan langsung
Machine hours 2,875 75
Jam mesin
Direct labour hours 875 425
Jam buruh langsung
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

Required:
Dikehendaki:

(i) Calculate the Predetermined Overhead Rate (POR) for Cutting Department and
Installation department.
Kirakan kadar overhed pratentu bagi Jabatan Memotong dan Jabatan Memasang.
[2 marks]
[2 markah]

(ii) Compute total overhead costs for the customer’s order number 007.
Kirakan jumlah kos overhed untuk pesanan pelanggan bernombor 007.
[4 marks]
[4 markah]

(iii) At the end of 2014, the actual results of the production are as follows:
Pada penghujung tahun 2014, keputusan sebenar operasi adalah seperti berikut:
Cutting Installation
Department Department
Actual Machine hours 275,000 39,500
Jam mesin sebenar
Actual Direct labour hours 105,000 210,000
Jam buruh langsung sebenar
Total overhead cost RM2,500,000 RM1,900,000
Kos overhed sebenar

Calculate under-applied or over-applied overhead for every department.

Kirakan kos overhed terlebih serap atau terkurang serap untuk setiap jabatan.
[3 marks]
[3 markah]

(v) Prepare adjusting entries to record under-applied or over-applied overhead for every
department based on your answer in (iii).
Sediakan catatan jurnal bagi merekod overhed terlebih serap atau terkurang serap
bagi setiap jabatan berdasarkan jawapan (iii)
[5 marks]
[5 markah]
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

(b) Perniagaan Accounting A Cabinet uses the job order costing system to determine its job
order costs. The information for the first month of its operation in year 2017 is as follows:
Perniagaan Accounting A Cabinet menggunakan sistem pengekosan tempahan kerja
dalam menentukan kos tempahan kerja yang dibuat. Maklumat untuk bulan pertama
operasi bagi tahun 2017 adalah seperti berikut:

1. Purchase of raw materials worth RM99,700 on credits.

Membeli bahan mentah berjumlah RM99,700 secara kredit.

2. Direct materials and direct labor costs are as follow:

Kos bahan langsung dan buruh langsung adalah seperti berikut:

Job number
Nombor kerja
Items L01 L02 L03 L04
Item
Direct materials (RM) 10,330 9,750 11,200 10,760
Bahan langsung (RM)
Direct labor (RM) 9,280 7,320 8,440 9,000
Buruh langsung (RM)

3. For the current year, the estimated factory overhead is RM19,800 and the estimated
direct labor costs is RM24,000. Direct labor cost is used as the basis for applying
manufacturing overhead.
Bagi tahun semasa, anggaran overhead kilang adalah sebanyak RM19,800 dan
anggaran kos buruh langsung ialah RM24,000. Kos buruh langsung digunakan sebagai
asas penyerapan overhed pengeluaran.

4. Other costs incurred during the production process as follows:

Lain-lain kos yang berlaku sepanjang proses pengeluaran adalah seperti berikut:

Items RM
Item
Indirect materials 5,350
Bahan tak langsung
Indirect labor 4,720
Buruh tak langsung
Utilities 6,100
Utiliti
Maintenance 9,200
Penyelenggaraan
Depreciation 3,900
Susut nilai
Tax 2,300
Cukai

5. Completes jobs are L01, L03 and L04.

 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

Kerja-kerja yang disiapkan adalah L01, L03 dan L04.

Required:
Dikehendaki:

(a) Calculate the predetermined overhead rate.

Kirakan kadar overhead pratentu.
[1 marks]
[1 markah]

(b) Determine the cost for each job

Kirakan kos bagi setiap kerja.
[6 marks]
[6 markah]

(c) Prepare the journal entries for the related manufacturing cost flow.
Sediakan catatan jurnal untuk aliran kos perkilangan berkaitan.
[7 marks]
[7 markah]

QUESTION 2 [14 marks]

SOALAN 2 [14 markah]

Mesti Dapat A Sdn. Bhd. (MDASB) using the weighted average method for process costing
system. Production process through two departments in sequence namely the Processing
Department and the Department of Wrapping. Here are some of the operational information
for January 2015.
Mesti Dapat A Sdn. Bhd. (MDASB) menggunakan kaedah purata wajaran bagi sistem
pengekosan proses. Proses pengeluaran melalui dua jabatan secara berturutan iaitu Jabatan
Memproses dan Jabatan Membungkus. Berikut adalah sebahagian daripada maklumat
operasi untuk bulan Januari 2015.
Processing Department Packaging Department
Jabatan Memproses Jabatan Membungkus
Beginning WIP units 1,500 units 2,000 units
Unit inventori awal (100% completed for (100% completed for material,
material, 40% completed for 70% comlpeted for conversion)
conversion)
1,500 unit 2,000 unit
(100% siap untuk bahan, (100% siap untuk bahan, 70%
40% siap untuk penukaran.) siap untuk penukaran.)
Beginning WIP Cost:
Kos inventori awal:
Direct material RM2,825 RM4,800
Bahan langsung
Conversion costs. RM3,060 RM1,520
Kos penukaran
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019
Costs from earlier - RM14,500
department
Kos jabatan terdahulu
Unit started 8,000 units ?
Unit dimulakan
Ending WIP units 1,000 units 600 units
Unit inventori akhir (100% completed for (100% comlpeted for material,
material, 80% completed for 50% comlpeted for conversion)
conversion)
1,000 unit 600 unit
100% siap untuk bahan, 80% 100% siap untuk bahan, 50%
siap untuk penukaran. siap untuk penukaran.
Current Cost:
Kos semasa:
Direct Material RM17,600 RM20,400
Bahan langsung
Conversion Costs RM44,370 RM35,200
Kos penukaran

Required:
Dikehendaki:

(i) Prepare a production cost report for the Processing Department for the month of the
January 2015 by showing the following items:
(Sediakan laporan kos pengeluaran Jabatan Memproses bagi bulan Januari 2015
dengan menunjukkan item-item berikut : )
(a) Physical Units
(Aliran fizikal.)
(b) Equivalent Units
(Kos seunit setara.)
(c) Cost per equivalent unit
(Unit setara.)
(d) Cost of finished units (transferred-out cost) and cost of ending work in process
inventory.
(Kos kerja dalam proses akhir dan kos barang siap.)
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

QUESTION 3 [13 marks]

SOALAN 3 [13 markah]

Man Jadda Wa Jada Enterprise is a ladies handbags’ manufacturer, which are marketed all
over Malaysia. Man Jadda Wa Jada Enterprise uses normal costing system. The following are
the estimated information for factory overhead costs and annual production on 2017:
Man Jadda Wa Jada Enterprise adalah pengeluar beg tangan wanita, yang dipasarkan di
seluruh Malaysia. Man Jadda Wa Jada Enterprise mengguna pakai sistem pengekosan
normal. Berikut adalah maklumat anggaran bagi kos overhed kilang dan pengeluaran tahunan
pada 2017:

Variable factory overhead RM42,000

Overhead kilang berubah
Fixed factory overhead RM84,000
Overhead kilang tetap
Production volume 42,000 units
Unit pengeluaran

The actual data for Man Jadda Wa Jada Enterprise throughout the year 2017 are as follow:
Maklumat sebenar Man Jadda Wa Jada Enterprise sepanjang tahun 2017 adalah seperti
berikut:

Direct materials RM12 per unit

Bahan langsung
Direct labor RM6 per unit
Buruh langsung
Variable factory overhead RM1 per unit
Overhead kilang berubah
Fixed factory overhead RM85,00 per year
Overhead kilang tetap
Selling price RM30 per unit
Harga jualan
Variables sales and administration RM2 per unit
Belanja jualan dan pentadbiran berubah
Fixed sales and administration RM160,00 per year
Belanja jualan dan pentadbiran tetap
Beginning inventory 4,000 units
Inventori awal
Production volume 43,000 units
Unit pengeluaran
Sales 42,000 units
Jualan
Ending inventory 5,000 units
Inventori akhir
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

Required:
Dikehendaki:

(i) Calculate the product cost per unit using absorption costing method and marginal costing
method.
Kirakan kos produk seunit dengan menggunakan kaedah pengekosan serapan dan
kaedah pengekosan marginal.
[5 marks]
[5 markah]

(ii) Prepare statement of profit or loss for the year ended 2017 using absorption costing
method.
Sediakan penyata untung atau rugi bagi tahun berakhir 2017 dengan menggunakan
kaedah pengekosan serapan.
[9 marks]
[9 markah]

QUESTION 4 [14 marks]

SOALAN 4 [14 markah]

Al-Najah Sdn. Bhd. (ASB) produce agricultural fertilizer. During February 2015, the information
of production were as follows:
Al-Najah Sdn. Bhd. (ASB) mengeluarkan baja pertanian. Berikut adalah maklumat
pengeluaran LSB untuk bulan Februari 2015:

The standard production cost:

Kos pengeluaran piawai:

Normal production 600 unit

Pengeluaran normal
Cost: RM
Direct materials (20 gram @ RM0.50 per gram) 10
Bahan langsung (20 gram @ RM0.50 per gram
Direct labour (5 jam @ RM3.00) 15
Buruh langsung (5 jam @ RM3.00)
Variable overhed 2
Overhed kilang berubah
Fixed overhed 1
Overhed kilang tetap
Standard cost 28.00
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

The actual production cost:

(Kos pengeluaran sebenar:)

Production 800 unit

(Pengeluaran)
Cost: RM
Direct materials (12,000 gram) 7,200
Bahan langsung (12,000 gram)
Direct labour (4,800 hours) 12,000
Buruh langsung (4,800 jam)
Variable overhead 1,680
Overhed kilang berubah
Fixed overhead 1,000
Overhed kilang tetap

Required:
Dikehendaki:

Calculate:
Kirakan:

(i) Price variance and quantity/usage variance.

Varians harga dan varians kuantiti bahan langsung.
[3 marks]
[3 markah]

(ii) Labour price variance and labour efficiency variance.

Varians kadar upah dan varians kecekapan buruh langsung.
[3 marks]
[3 markah]

(iii) Variable overhead expenditure variance and variable overhead efficiency variance.
Varians perbelanjaan dan varians kecekapan overhed berubah.
[4 marks]
[4 markah]

(iv) Fixed overhead budget variance and fixed overhead volume variance.
Varians belanjawan dan volum overhed kilang tetap.
[4 marks]
[4 markah]
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

QUESTION 5 [14 marks]

SOALAN 5 [14 markah]

(a) Syarikat Usaha Dapat A Sdn Bhd manufactures beauty products, namely 'Mulus' cream
which is marketed throughout Malaysia and Indonesia. The cost involved in producing this
product is RM28.00 per unit where RM18 is for variable cost. Usually this product is sold
for RM42.00 per unit. However, wholesalers from Thailand are keen to buy 5,000 units of
this product at a price of RM25.00 per unit. Should this special offer be accepted, Syarikat
Usaha Dapat A Sdn Bhd will bear the transportation cost of RM1.00 per product. You are
the accountant of the company's management advising the management either to accept
or reject the special order.
Syarikat Usaha Dapat A Sdn Bhd mengeluarkan produk kecantikan iaitu krim muka
‘Mulus’ yang dipasarkan diseluruh Malaysia dan Indonesia. Kos yang dilibatkan untuk
mengeluarkan produk ini adalah RM28.00 seunit di mana RM18 adalah untuk kos
berubah. Biasanya produk ini dijual dengan harga RM42.00 seunit. Namun begitu
pemborong dari Thailand berminat untuk membeli 5,000 unit produk ini dengan harga
yang ditawarkan adalah RM25.00 seunit. Sekiranya tawaran khas ini diterima, Syarikat
Usaha Dapat A Sdn Bhd akan menanggung kos pengangkutan RM1.00 bagi setiap unit
produk. Anda sebagai akauntan pengurusan syarikat tersebut nasihatkan pihak
pengurusan samada menerima atau menolak pesanan khas tersebut.
[5 marks]
[5 markah]

(b) Security A Berhad (SAB) manufactures a type of component, KC2 used to make safety
alarms. The cost of producing 10,000 KC2 units is as follows:
Security A Berhad (SAB) mengeluarkan sejenis komponen, KC2 yang digunakan untuk
membuat alat penggera keselamatan. Kos untuk mengeluarkan 10,000 unit KC2 adalah
seperti berikut:

Cost per unit

(RM)
Direct materials 4
Bahan langsung
Direct labour 10
Buruh langsung
Variable manufacturing overhead 8
Overhed kilang berubah
Fixed manufacturing overhead 9
Overhed kilang tetap
Totals 31
Jumlah

Lok Firms has offered to supply 10,000 component KC2 components to SAB at RM30. If SAB
accepts this offer, facility and factory equipment can be used to manufacture other components
with a cost savings of RM45,000. In addition, a fixed manufacturing overhead cost of RM5 per
unit is also avoided.
 MODEL PAPER JOM SKOR PSPM
ACCOUNTING AA025
2018/2019

Firma Lok telah membuat tawaran untuk membekalkan 10,000 komponen komponen KC2
kepada SAB pada RM30. Sekiranya SAB menerima tawaran ini, kemudahan dan alatan kilang
boleh diguna untuk mengeluarkan komponen lain dengan penjimatan kos sebanyak
RM45,000. Selain daripada itu, kos overhed perkilangan tetap sebanyak RM5 seunit juga
dapat dielakkan.

Required:
Dikehendaki:

(i) Calculate the relevant cost per unit of KC2 component.

Kirakan kos relevan seunit bagi komponen KC2.
[3 marks]
[3 markah]

(ii) State the best alternatives for SAB whether or not to accept offers from the Lok Firms by
showing the difference between making own or buying. (Show evidence in the form of
calculations)
Nyatakan alternatif terbaik bagi SAB sama ada perlu atau tidak menerima tawaran
daripada Firma Lok dengan menunjukkan perbezaan di antara membuat sendiri atau
membeli. (Tunjukkan bukti dalam bentuk pengiraan)
[6 marks]
[6 markah]

END OF QUESTION
KERTAS SOALAN TAMAT

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