Tutorial 4
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This document contains a tutorial on cost accounting for four students in the DAT3A program. It provides an example comparing marginal costing and absorption costing methods. Under marginal costing, Gloria Manufacturing's net profit is RM1,180,000. Under absorption costing, Gloria Manufacturing's net profit is RM1,168,000. The document also lists the lecturer, MS Norwani bt Harun, and is restricted for the invigilator only.
Tutorial 4
- 1. PA302 COST ACCOUNTING TUTORIAL : NAME : Nor Hazwani Fasihah Binti Mohammad Nazri Nor Afiera Binti Mohammad Haji Nur Dalila Binti Mohd Zamri Norfarah Aqilah Binti Mohamad Saleh PROGRAMME : 10DAT11F2046 10DAT11F2031 10DAT11F2016 10DAT11F2017 DAT3A Restricted for Invigilator only LECTURER : MS NORWANI BT HARUN
- 2. MARGINAL & ABSORPTION COSTING Material Labour Production Overhead Fixed Overhead Total Sales (Sales (unit) x Selling Price (unit)) Production Cost (Total x Output) Closing Stock (Output-Unit Sold x Total) Marginal 32 32 16 80 8000 x 260 =2080000 80 x 16000 =1280000 16000 – 8000 =8000 8000 x 80 =640000 Absorption 32 32 16 24 104 80000 x 260 =2080000 104 x 16000 =1664000 16000 – 8000 =8000 8000 x 104 =832000 (A) Marginal Costing GLORIA MANUFACTURING CO. INCOME STATEMENT FOR THE YEAR ENDED 2011 RM Sales Cost Of Goods Sold (+) Opening Stock (-) Production Cost (-) Closing Stock Gross Margin Variable Selling + Administrative Expenses Contribution Margin Fixed Production Overhead Fixed Administration, Selling & Distribution Expenses Net Profit 1280000 640000 RM 2080000 (640000) 1440000 1440000 180000 80000 1180000
- 3. (B) Absorption Costing GLORIA MANUFACTURING CO. INCOME STATEMENT FOR THE YEAR ENDED 2011 RM Sales Cost Of Goods Sold (+)Opening Stock (-)Production Cost (-)Closing Stock Gross Profit Variable Selling + Administration Expenses Fixed Selling + Administration Expenses Net Profit 1664000 832000 RM 2080000 (832000) 1248000 80000 1168000