Managerial Accounting 1 (ACCC3111)
BBA Accounting and Finance - AFN
Semester: First Semester
Level: 300
Year: 2018
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REPUBLIC OF CAMEROON REPUBLIQUE DU CAMEROUN
Peace work Fatherland Paix-Travail-Patrie
THE UNIVERSITY OF BAMENDA UNIVERSITE DE BAMENDA
Higher Institute of Commerce and Institut Superieur De Commerce
Management(HICM) Et Management
P.O. BO. 64 Bambili
Course: Title: Management Accounting I Course Instructor: Dr. Visemih
Course Code: ACC 211
Hall:
Instructions to Candidates
Attempt All the question
Number of Pages: 2 Number of question
Q1. Explain the following:
Strategic Information
Qualities of good information
Materials requisition
Stock levels
Time rate system
Bin card .
Clock card ’ .
Levels of management
Cost elements - (20 marks)
Q2. You are the Accountant of a company and the store keeper. Has given you the following data,
collected from the store’s records _____
Date
Details
CPU
Quantity
(Frs)
Units
Jan. 1
Balance b/f
1000
50
Jan. 2
Receipts
1100
50
Jan. 6
Issued to production
75
Jan.
13
Receipts
1500
120
Jan. 15
Isgued to production
75
Jan. 20
Receipts
1300
100
Jan. 25
Issued to
production
150
Jan. 30 Receipts 1400 150
Required: i Prepare the stores records using the FIFO stock issuing methods (10 marks)
ii. Prepare the journal entries to show the value of finished good (10 marks)
Q3. A company is producing a single product with the following cost structure: Raw-materials cost 1200
Labour cost 2400 frs, Variable overhead cost 1300 frs. and Fixed overhead cost 1000 frs. The company
has a policy to make a 25 % profit margin on this product.
Required Determine the
selling price (10 marks)
Q4: A factory consist of two production cost countries (A and B) and two service cost countries ( X and
Y) The total overheads allocated and apportioned to each cost centre are as follows:
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A B X Y
Units 1000 1200
Total overheads 180,000Frs 120,000Frs 128,000Frs 140,000Frs
The total work done by the service cost countries can be presented as follows:
A B X Y
Percentage of service cost centre X to 60 % 30% _ 10%
Percentage of service cost centre Y to 50 % 30% 20% _
The service cost centre costs are apportioned for production cost countries using repeated distribution
methods
Required: i. What are the total over overheads for the production cost countries? (18marks)
ii. Calculate the OAR for the two production cost countries (2 marks)
QUESTION ONE (35 MARKS)
"... It is important, to note that the literature on the relationship between job satisfaction and productivity
was neither found conclusive nor consistent. However, studies dating back to
Herzberg’s have shown at least low correlation between light morale and high productivity, and
it does seem logical that more satisfied, workers will tend to add more value to an organization.
Unhappy employees, who are .motivated only, by a fear of losing the job, will net give 100
percent of their effort for very long. Though fear is a. powerful motivator, it is also a temporary
one, and as soon as the threat is lifted off-performance will decline, Owing to such-reasons', the
urge-to investigate the level of job satisfaction, and its effects, has been of interest and
researchers since long;.. (Baloch, undated)
a) Generate a topic for this study
b) Established at least three research questions for this study
c) Specify the objectives of the research
d) State the hypothesis
e) What is the research method which you will adopt out this study
f) What is the relevance of literature review in this
QUESTION TWO (25 MARKS)
You are interested in studying the problem of inefficiency of members of, staff of a Non Governmental
Organization which employs 9000 staff engages in the. production tomatoes, cabbages and carrots. The
staff can be grouped in to different categories depending on their marital status, number of children in the
family and highest. certificate obtained . The staff range from 20 to 60 years and they lived in three areas
in the municipality label A, B and C
a) Carefully explain how you will choose a representative sample- of 1500 from the staff. .
b) If you were to use a questionnaire in collecting information, which are some of the questions you will
be interested in? (State at. least 5 closed-ended questions)
c) In administering the questionnaire above; list three ethical issues which you will have to
bear in mind.
d)List four variables which you will use in making the recommendation for this study.
QUESTION THREE (10 MARKS)
Arrange the following references using the APA Style
i) Volume: 3, Pages: -34-76, BabilacharlesFru; Modern Cookery for Teaching and Trade, 1986;
Journal of Cookery
ii) William Esterly, Rose Levine, It’s not factor accumulation: Stylized facts and growth
models. The World Bank Economic Review;.VbK.1.5(2), pp. 9-29, 1996
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