制作生产成本信息.docVIP

COMMERCE DEPARTMENT INTERNATIONAL PROGRAMS DIPLOMA OF FINANCIAL SERVICES (FNS50107) PRODUCE JOB COSTING INFORMATION (FNSACCT402B) SOLUTIONS TO EXERCISES (Teacher reference) SOLUTIONS TO EXERCISES Unit One – Introduction 1.1 a) Factory overhead b) Direct material c) Factory overhead d) Direct labour e) Factory overhead f) Factory overhead g) Factory overhead h) Factory overhead i) Factory overhead j) Factory overhead k) Direct labour l) Direct materials m) Factory overhead n) Direct materials o) Factory overhead p) Direct labour q) Factory overhead r) Factory overhead s) Direct materials t) Factory overhead 1.2 a) Product cost b) Period cost c) Product cost d) Period cost e) Period cost f) Product cost g) Period cost h) Period cost i) Product cost j) Period cost 1.3 a) Variable b) Fixed c) Fixed d) Variable e) Fixed f) Variable g) Fixed h) Fixed i) Fixed / Variable j) Variable 1.4 a) Variable b) Prime c) Indirect d) Period e) Factory overhead f) Factory overhead 1.5 a) Variable overhead / Depreciation / Direct material / Direct labour / Rent = $241,800 b) Variable overhead / Direct material / Direct labour = $181,800 c) Depreciation / Factory rent = $60,000 d) Variable overhead / Depreciation / Direct labour / Rent = $161,300 e) Financial expenses / Variable selling expenses / Fixed selling expenses = $81,400 f) Direct materials / Direct labour = $141,300  1.6 a) Unit cost: Direct materials $40 Direct labour $30 Factory overhead $25 $95 Selling price: $95 x 160% = $152 Cost of goods sold: 80 x $95 = $7,600 Closing inventory: 20 x $95 = $1,900 Gross profit: Sales (80 x $152) $12,160 Less COGS $ 7,600 $ 4,560 b) Accurate allocation of production costs leads to an accurate unit cost calculation. If a product is over-costed the selling price may be too high and we may lose customers. If the product is under-costed, the selling price may be too low and costs