f5 excercises

7/31/2019 F5 Excercises

1/50

No. Syllabus topic Chapter Question numbers Note

11 Environmental accounting U1: MA Intro 12, 22

28 Not-for-profit organisations U1: MA Intro NPO 66, 67, 68, 69, Mock 3 Q5

1 Absorption costing U3: CAS CP(Single period) 1, 2, 3, 4, 5, 10, Mock 2 Q1, Mock

3 Q4

2 Activity based costing U3: CAS Costing principle 2, 3, 4, 5, 6, 10, 36, 68, Mock 1

Q1, Mock 2 Q2,Mock 3 Q4

21 Life-cycle costing U3: CAS CP(Multiperiod) 7, 9, 10, 38

24 Marginal costing U3: CAS CP(Single period) 1, 11, 48, 50

46 Target costing U3: CAS Costing principle 7, 8, 10

47 Throughput accounting U3: CAS Costing principle 10, 11, 12, 13

7 Cost function U4: DMT C5: Pricing decisions 20, 328 Cost volume profit (CVP) analysis U4: DMT C3: CPV 14, 15

9 Decision rules U4: DMT C7: Risk & Uncertainty 30, 31, 32, 33

10 Demand U4: DMT C5: Pricing decisions 20, 32

12 Expected values U4: DMT C7: Risk & Uncertainty 30, 31, 32, 39

17 Further processing decision U4: DMT C6: ST decision 24, 29

19 Incremental costs and revenues U4: DMT C5: Pricing decisions 29

22 Linear programming U4: DMT C4: LF analysis 16, 17, 18, 19, Mock 3 Q3

23 Make-or-buy decisions U4: DMT C6: ST decision 26

25 Market research U4: DMT C7: Risk & Uncertainty 7, 20, 32

30 Outsourcing U4: DMT C6: ST decision 26, 27, 28

32 Pricing decisions U4: DMT C5: Pricing decisions 3, 4, 5, 20, 21, 22, 23, 25, 28, 29,

43, Mock 2 Q2

33 Process costing U4: DMT C6: ST decision 24

35 Relevant costs U4: DMT C6: ST decision 24, 2536 Research techniques U4: DMT C7: Risk & Uncertainty 31, 33

40 Risk and uncertainty in decision making U4: DMT C7: Risk & Uncertainty 30, 31, 32, 33, Mock 2 Q5

41 Sensitivity analysis U4: DMT C7: Risk & Uncertainty 30, 32

43 Shutdown decisions U4: DMT C6: ST decision 28

5 Budgetary systems and types U5: Budgeting 35, 36, 38, 45, 69, Mock 3 Q5

6 Budgeting objectives U5: Budgeting 34, 72

15 Flexible budgets U5: Budgeting 45, 51

16 Forecasting U5: Budgeting Quantitative analysis 8, 37, 73

20 Learning curve U5: Budgeting 40, 41, 42, 43, 68, Mock 1 Q5

34 Quantitative analysis in budgeting U5: Budgeting 37, 39, 40, 41, 42, 44, 45, Mock 1

Q2

39 Revised budgets U5: Budgeting 54

44 Spreadsheets U5: Budgeting Quantitative analysis 37

4 Behavioural aspects of standard costing U6: SC & VA 48, 49, 51, 52, 68

18 Idle time variances U6: SC & VA 49, 68

26 Material mix and yield variances U6: SC & VA 49, 52, 53, 55

29 Operating statements U6: SC & VA 46, 48, 67, Mock 2 Q3

31 Planning and operating variances U6: SC & VA 52, 54

45 Standard costs U6: SC & VA 48, 49, 52, Mock 1 Q3

49 Variance analysis U6: SC & VA 45, 46, 47, 48, 49, 50, 51, 52, 53,

55, 56, 57,Mock 1 Q3, Mock 2

Q3, Mock 3 Q1

48 Transfer pricing U7: TP Divisional performance

measures

60, 61, 64, 65

3 Balanced Scorecard U8: PM Scorecard 59, Mock 2 Q413 Financial performance indicators U8: PM FPI 58, 59, 60, 61, 62, 66, 70, 71, 73,

74, 75, 76,Mock 1 Q4, Mock 3 Q2

14 Fitzgerald & Moon Building Block model U8: PM Bulding Block Model 60, 75

27 Non-financial performance indicators U8: PM N-FPI 58, 59, 63, 68, 71, 74, 75, 76,

Mock 3 Q2

37 Residual income U8: PM Divisional performance

measures

60, 61, 62, Mock 2 Q4

38 Return on investment U8: PM Divisional performance

measures

59, 60, 62, 74, Mock 2 Q4

42 Short-termism U8: PM Short-termism and

manipulation

58, 73


2/50

Ma SP. 10 SP. 10 SP. AP. 12

Matx SQ 60,000x AQ

consumed

65,000 x AQ

purchased

x AQ

purchased

75,000

Qty (u) 12,000 75,000

Usage (kg/u) 5

(10x12000x5)= 600,000 (10x65000)= 650,000 (10x75000)= 75000x12 = 900,000

Mat2,00,0

A

La

SR.

w SIT

6 SR.

w SIT

6 SR.

w/o SIT

AR. 7

Labx SH wrk

for AO

120,000x AH work

for AO

114,000 x AH paid

for AO

x AH paid

for AO

115,000

Qty (u) 12,000 12,000 12,000

Base (h/u) 10.0 9.5 9.6

(6x12000x10)

=

720,000 (6x114000)

=

684,000 (6x115000)= 115000x7 = 805,000

Lab85,00

(A)

Labour

Va

SR.

Work

2 SR.

Work

2 SR.

Work

AR. 2

Varix SH wrk

for AO

120,000x AH work

for AO

114,000 x AH paid

for AO

x AH paid

for AO

115,000

Qty (u) 12,000 12,000 12,000

OAR/CD (h/u) 10.0 9.5 9.6

(2x12000x10)

=

240,000 (2x114000)

=

228,000 (2x115000)= (1.96x115000)= 225,000

Vari15,00

(F)

Variable OHs

Fix

SR.

Work

3 SR.

Work

3 SR.

Work

3 SR.

Work

3 AR. 1.96

Fixe

x SH wrk

for AO

120,000x AH work

for AO

114,000 x AH paid

for AO

115,000 x BH

for BO

100,000 x AH paid

for AO

115,000

Qty (u) 12,000 12,000 12,000 12,000 12,000

OAR/CD (h/u) 10.0 9.5 9.6 8.3 9.6

(2x12000x10)

=

360,000 (2x114000)

=

342,000 (2x115000)= 345,000 (2x1150

00 =

300,000 (1.96x115000)

=

225,000

Fixe

40,00

(F)

Fixed OHs

Sal

SC.

(SP-SVC )

40 SC.

(SP-SVC )

40 AC.

(AP-SVC)

Salex BQ 10,000x AQ 9,000 x AQ

Qty (u) 10,000

Usage (kg/u) 1

(10000x40)= 400,000 (9000x40)= 360,000 (9000x90)= Margin va

Sale4,10,0

F

810,000

Margin volume=40000(A) Margin price = 450000 (F)

Efficiency = 18,000 (F) Idle-time = 3,000 (A) Capacity =

45,000 (F)Expenditure = 20,000 (A)

90

9,000

2

115,000

12,000

10

230,000

Efficiency = 12,000 (F) Idle-time = 2,000 (A) Expenditure = 5,000 (F)

6

115,000

12,000

10

690,000

Efficiency = 36,000 (F) Idle-time = 6,000 (A ) Rate = 1,15,000 (A)

Usage = 50,000 (A) Price = 1,50,000 (A)

10

75,000

750,000


3/50

Sales Margi

SC.

(SP-SVC)

56 SC.

(SP-SVC)

56 AC.

(AP-SVC)

P ($/u) 240 240

VC ($/u) 184 184

Sales Margin x BQ 8,400 x AQ 8,000 x AQ

56x8400= 470,400 56x8000= 448,000 41x8000=

Sales MarginCont. Vol. -22,400 (A) -120,000 (A)

41

8,000

Margin price

225

184

328,000


4/50

Sales Margi

SProfit.

(SP-SCOS)

6 SP.

(SP-SCOS)

6 AP.

(AP-SCOS)

P ($/u) 20.0 20.0

VC ($/u) 6.6 6.6

FC ($/u) 7.4 7.4

Sales Margin x BQ 5,100 x AQ 4,850 x AQ (AS-SCOS)-BP=Sales V

Sales Margin 6x5100= 30,600 6x4850= 29,100 5.71x4850=

Sales MarginSales Vol. -1,500 (A) -1,400 (A)

Materials SP. 4 SP. 4 SP. AP.

Materialsx SQ

for AO

2,425 x AQ

consumed

2,300 x AQ

urchased

x AQ

for AO

2,

Qty (u) 4,850 4,

Usage (kg/u) 0.5

Materials 4x2425= 9,700 4x4= 9,200 4x2300= 4.26x2300= 9,8

Materials Usage 500 (F) -600 (A)

Materials

Labour

SR.

w SIT

2 SR.

w SIT

2 SR.

w/o SIT

2 AR.

Labourx SH wrk

for AO

9,700 x AH work

for AO

8,000 x AH paid

for AO

8,500 x AH paid

for AO

8,5

Act. Qty (u) 4,850 4,850 4,850 4,8

Base (h/u) 2.0 1.6 1.75

Labour 2x9700= 19,400 2x8000= 16,000 2x8500= 17,000 1.98x8500= 16,8

LabourEfficiency 3,400 (F) Idle-time (1,000) (A) 200 (F)

Labour

Variable O

SR.

Work

0.3 SR.

Work

0.3 SR.

Work

0.3 AR. 0

Variable OHsx SH wrk

for AO

9,700 x AH work

for AO

8,000 x AH work

for AO

8,000 x AH work

for AO

8,

Act. Qty (u) 4,850 4,850 4,850 4,8

OAR/CD (h/u) 2.0 1.6 1.6

Variable OHs 0.3x9700= 2,910 0.3x8000= 2,400 0.3x8000= 2,400 0.3x8000= 2,6

Variable OHs Efficiency 510 (F) Idle-time - (A) -200 (A) Variable OHs

Fixed OHs

SR.

Work

3.7 SR.

Work

3.7 SR.

Work

3.7 AR. 5

Fixed OHs

x SH wrk

for AO

9,700 x AH work

for AO

8,000 x BH

for BO

10,200 x AH work

for AO

8,

Qty (u) 4,850 4,850 5,100 4,8

OAR/CD (h/u) 2.0 1.6 2.0

Fixed OHs 3.7x9700= 35,890 3.7x8000= 29,600 3.7x10200= 37,740 5.3x8000= 42,3

Fixed OHs Efficiency 6,290 (F) Capacity (8,140) (A) -4,560 (A)

Fixed OHs

Budget Actual

$

Sales Qty 5,100 8,000

Sales $20.0 102,000 95,600

Raw Mat. $2.0 10,200 9,800

Labor Cost $4.0 20,400 16,800

Variable OH $0.6 3,060 2,600

VCOS $6.6 - 33,660 - 29,200

Cont. $13.4 68,340 66,400

FC $37,740 $42,300

Profit $30,600 $24,100

AC MC $ $

Rate

Expenditure

Expenditure

7.4

4

2,300

9,200

Price

Sales price

6

19.7

6.6

4,850

27,700


5/50

Std

ingred

ientsMat. 1 5.0 kg $2.0 $/kg $10.0 $ 500.0 kg

Mat. 2 10.0 kg $3.0 $/kg $30.0 $ 730.0 kg

Output 80 unitsAU

in SM

AU

for AO

S U

for AO

AQ input

in SM

AU

in AM

Materi SM Std Cost SM 6 AM 6

Mat.1 5.0 1/3 $2.0 1/3 2/5

Mat.2 10.0 2/3 $3.0 2/3 3/5

15.0

AO: 80 units

SQ input

for AO

1,200 AQ input

for AO

1,230 AQ Output

for AO

1,230

Mat.1 400-410= 400 (10) ($20) 410-500= 410 (90) ($180.0) 500

Mat.2 800-820= 800 (20) ($60) 820-730= 820 90 $270.0 730

Yield ($80.0) (F) Mix $90.0 (A)

$10.0 (A)

M1 M2 Total

Standard Cost $/kg $2.0 $3.0

Std Material Usage per unit kg/u 5.0 10.0 15

Standard Mix (SM) 1/3 2/3 1

Actual Output (AO) units 80

Standard Quantity at AO (SQ) kgs 1,200

MIX INPUT

SQ in SM (1) kgs 400 800 1,200

AQ in SM (2) kgs 410 820 1,230

AQ in AM (3) kgs 500 730.0 1,230

Mix Variance (SM-AM) @A

(2)-(3) Variance in kg (90) 90 -

Variance in $ -$180.0 (A) $270.0 (F) $90.0 (F)

Yield Variance (SQ-AQ) @ SM(1)-(2) Variance in kg (10) (20) (30)

Variance in $ -$20.0 (A) -$60.0 (A) -$80.0 (A)

Usage Variance (SQ-AQ) @AOVariance in kg (100) 70 (30)Variance in $ (200) (A) 210 (F) $10.0 (F)

M1 M2 Total

Standard Cost $/kg $2.0 $3.0

Std Material Usage per unit kg/u 5.0 10.0 15

Standard Mix (SM) 1/3 2/3 1

Actual Output (AO) units 80

Standard Quantity (SQ) kgs 1,200

MIX INPUT

Usage

SQ 1

AQ 2

AQ 3AM

Yield

Mix

Std Mat. Usage

per unit

Std Cost Input

SM

SM

Yield SM SQ 1

SM AQ 2

Mix

AM AQ 3


6/50

Std

ingred

ients

Mat. 1 0.8 k 40 000.0 k 2.5 /k 1.9 34 000.0 k

Mat. 2 0.4 kg 20,000.0 kg $4.0 $/kg $1.5 $ 22,000.0 kg

1.1 60,000.0 $3.4

Output 53,000 unitsAU

in SM

AU

for AOLoss: 10%

Input 58,889 units

S Ufor AO

AQ inputin SM

AUin AM

Materi SM Std Cost SM 6 AM

Mat.1 0.8 2/3 $2.5 2/3

Mat.2 0.4 1/3 $4.0 1/3

1.1

Loss: 10%

AO: 53,000 units

SQ input

for AO

60,000 AQ input

for AO

56,000 AQ Input

for AO

Mat.140000-

37333=

40,000 2,667 $6,667 37333-34000= 37,333 3,3338 333.3

Mat.220000-

18667=

20,000 1,333 $5,333 18667-22000= 18,667 (3,333)($13,333.3)

Yield $12,000.0 (F) Mix ($5,000.0) (A)

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