Management Accounting and Control (ACCM4102)

BSc. Accounting - ACC

Semester: First Semester

Level: 400

Year: 2019

Answers (200 )
THE UNIVERSITY OF BAMENDA/UNIVERSITE DE BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING
First Semester Examination for 2018/2019 Academic year Year: THREE
Course code and title: ACCM4102 Management Accounting and Control Credit Value: 5 status: C
Course instructors: Dr. MUKAH Samuel / Mr. NDJAHA-NGANA Godlove
Venue: Amphi 340, SOA 12, SOA 13, SOA 14 Date: 06/03/2019 Time: 8:00 -10:00
Instructions: Attempt all questions
Case l: Suppose GGG S.A. produces products X, Y, Z and Q and plans a production mix for the following period
with the following relevant data:
X
Y
Z
Q
Selling price per product (fcfa)
1,900
2,500
4,000
5,000
Labour cost per unit (fcfa)
600
1,200
1,800
2,400
900
900
1,500
1,600
Maximum demand (units)
1,000
5,000
4,000
2,000
Labour is paid 600 frs per hour and labour hours re limited to 12,000 hours in the period.
Given that you have just been employed as a management accountant in GGG S.A. which deals with limiting
factors, you are required to present in the form of a table or tables to the board of di rectors the following
information:
1-
Contribution per unit of each product
(7 marks)
2-
Labour hours per unit
(7 marks)
3-
Contribution per hour
(6 marks)
4-
Optimal production plan
(15 marks)
Case 2: Kelou Estate forecasted to produce 10 units of a certain product P with the following elements:
Raw material: 10 kg at 800f each,
Direct labour: 5 hours at 2,500 f per hour and
Overhead expense l,200,000f (of which 200, 000f is fixed cost) for a normal monthly activity of 500 hours
of direct labour (that is steel 5 hours per 10 units of P)
In reality, during the month of June 2018, the company actually produces 1,100 units of product P, after using the
following:
Raw material: 1,320 at 790f each,
Direct labour: 440 hours for a total of 1,144,000f
Overhead expense 1,300,000f
Work Required
1- Present the unit standard cost card. (10 marks)
2- Present the comparison table between actual costs and standard costs. (10 marks)
3- Analyse algebraically the variance on overhead. (10 marks)
4- Analyse graphically (using vectors) the variance on material. (5 marks)
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