Question

In: Accounting

السؤال 1 - المدير والمحاسبة الإدارية تتحمل شركة فايزر ، وهي شركة أدوية ، التكاليف التالية:...

السؤال 1 - المدير والمحاسبة الإدارية

تتحمل شركة فايزر ، وهي شركة أدوية ، التكاليف التالية:

  1. Payment of booth registration fee at a medical conference to promote new products to physicians
  2. Cost of redesigning an insulin syringe to make it less painful
  3. Cost of a toll-free telephone line used for customer inquiries about drug usage, side effects of drugs, and so on
  4. Equipment purchased to conduct experiments on drugs yet to be approved by the government
  5. Sponsorship of a professional golfer
  6. Labor costs of workers in the packaging area of a production facility
  7. Bonus paid to a salesperson for exceeding a monthly sales quota
  8. Cost of FedEx courier service to deliver drugs to hospitals

Required:

Classify each of the cost items (a–h) into one of the business functions of the value chain.

Question 2 – An Introduction to Cost Terms and Purposes

The following account balances pertain to Peterson Company for the year 2017:

Account balances

01/01/2017

31/12/2017

Direct materials inventory

$21,000

$23,000

Work-in-process inventory

$26,000

$25,000

Finished-goods inventory

$13,000

$20,000

Purchases of direct materials

$74,000

Direct manufacturing labor

$22,000

Indirect manufacturing labor

$17,000

Plant insurance

$7,000

Depreciation—plant, building, and equipment

$11,000

Repairs and maintenance—plant

$3,000

Marketing, distribution, and customer-service costs

$91,000

General and administrative costs

$24,000

Required:

1.   Prepare a schedule for the cost of goods manufactured for 2017.

2.   Revenues for 2017 were $310,000. Prepare the income statement for 2017.

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Question 3 – Flexible Budgets, Direct-Cost Variances, and Management Control

يقوم تمثال ميلانو بتمثيل التماثيل التمثالية للشخصيات التاريخية الشهيرة. جميع التماثيل هي بنفس الحجم. كل وحدة تتطلب نفس كمية الموارد. المعلومات التالية مأخوذة من الميزانية الثابتة لعام 2017:

الإنتاج المتوقع والمبيعات

6100 وحدة

سعر البيع المتوقع لكل وحدة

$ 700

مجموع التكاليف الثابتة

$ 1،350،000

تتبع الكميات القياسية والأسعار القياسية وتكاليف الوحدات القياسية للمواد المباشرة والعمالة الصناعية المباشرة:

الكمية القياسية

سعر قياسي

تكلفة الوحدة القياسية

المواد المباشرة

16 جنيها

14 دولار للرطل

$ 224

العمالة التصنيعية المباشرة

3.8 ساعة

30 دولار في الساعة

$ 114

خلال عام 2017 ، بلغ العدد الفعلي للوحدات المنتجة والمباعة 5،100 ، بمتوسط ​​سعر بيع 730 دولارًا. وبلغت التكلفة الفعلية للمواد المباشرة المستخدمة 400 149 1 دولار ، على أساس 000 70 جنيه تم شراؤها بسعر 16.42 دولار للرطل. وكانت ساعات العمل المباشرة للتصنيع المستخدمة فعلاً هي 000 17 ساعة ، بمعدل 33.70 دولار في الساعة. ونتيجة لذلك ، بلغت تكاليف اليد العاملة الفعلية المباشرة 900 572 دولار. بلغت التكاليف الفعلية الفعلية 1200000 دولار. لم يكن هناك بداية أو مخزونات نهاية.

مطلوب:

1.    احسب فروق حجم المبيعات وفروق الميزانية المرنة لإيرادات التشغيل.

2.    حساب فروق السعر والكفاءة للمواد المباشرة والعمالة الصناعية المباشرة.

Solutions

Expert Solution

Business Function of Value Chain:
1 Research and development
2 Design of product and process
3 Production
4 Marketing
5 Distribution
6 Customer Service
a Payment of booth registration fee at a medical conference to promote new products to physicians Marketing
b Cost of redesigning an insulin syringe to make it less painful Design of product and process
c Cost of a toll-free telephone line used for customer inquiries about drug usage, side effects of drugs, and so on Customer Service
d Equipment purchased to conduct experiments on drugs yet to be approved by the government Research and development
e Sponsorship of a professional golfer Marketing
f Labor costs of workers in the packaging area of a production facility Production
g Bonus paid to a salesperson for exceeding a monthly sales quota Marketing
h Cost of FedEx courier service to deliver drugs to hospitals Distribution
2 COST OF GOODS MANUFACTURED
A Work in process inventory in the beginning $26,000
COSTS ADDED:
B Direct Materials $72,000 (21000+74000-23000)
C Direct manufacturing labor $22,000
Manufacturing Overheads:
D Indirect labor $17,000
E Plant insurance $7,000
F Depreciation -plant, building & equipment $11,000
G Repair & maintenance $3,000
H=D+E+F+G Total Manufacturing Overhead $38,000
I=B+C+H Total Cost added to Work in process $13

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