ACIFEB 2022/MAF201

cONFIDENTIAL 3

QUESTION 2
windows and room type known as
WinDeco Sdn Bhd manufactures curtain rods for different
to its functlonality, aesthetics, as wel as
Flexy. The product is highly demanded due serves as a wonderful decoration of windows
excellent workmanship. For many years, Flexy
as t fits almost any interio. The productlon
of Flexy passes through two consecutive
Process. The output from Moulding
processes known as Moulding Process and Finishing
has provided the
Process is transferred to Finishing Process. The productlon manager
following information for the month of January 2022.
Finishing Process
Moulding Process
Opening work in progress 1,000 units
Direct material RM30,000 (fuly complete)
Direct labour RM20,000 (50% complete)
Production overhead RM16,000 (40% complete)

input costs:
Direct material 20,000 units@RM144,000 From Moulding Process
Direct labour 8,000 hoursRM9 per 10,892 hours RM10 per
hour hour
Production overhead RM60,700 RM60,605

500 units
Closing work in progress
Direct material Fully complete
Direct labour 70% complete
Production overhead 70%complete
Expected losses 5% of input 5% of production
Scrap value per unit RM1.20 RM2.00
Output for the process 19,100 units 18,500 units

Required:
. Prepare Moulding Process Account for the month of January 2022.
(6 marks)
b. Prepare Finishing Process Account for the month of January 2022 based on the
assumption that the opening work in progress is the first group to be processed and
completed during the current period. (Show all relevant statements).
(15 marks)
C. Describe the accounting treatment between normal loss and abnormal loss in a
manufacturing company.
(4 marks)

Hak Clpta Univereiti Teknologl MARA cONFIDENTIAL

 ACIFEB 2022/MAF201
cONFIDENTIAL
to each joint product
reasons why joint
costs need to be apportioned
d. Explain TWO (2)
produced by the company. (2 marks)
(Total: 27 marks)

QUESTION3

manufactures a beauty care product called

Perfect Beauty Bar which
Beauty Living Sdn Bhd
bars. Eech box is sold for RM150.
is sold in a box that comprises of 30
of December 2021 regarding the
The following information is available for the month
production and sales of Perfect Beauty Bar:
Opening stock 3,500 boxes
Production 6,000 boxees
Sales 9,000 boxes
The company normaly produces 5,000 boxes of Perfect Beauty Bar per month.

The production of onebox of Perfect Beauty Bar requires 2 kilograms of raw materials XX at
a cost of RM6 per kg, 3 kilograms of raw materials Y at a cost of RM5 per kg and 2 hours
of direct labour at a rate of RM9 per hour.

The company's overhead costs consist of the following:

Variable production overhead RM5 per box

Variable selling overhead RM4 per box
Fixed production overhead RM420,000 per year
Other annual fixed costs of the company are as follows:
Soal

General administration cost RM600,000 1 mitt month )

Marketing and promotion cost RM960,000
t is the company's policy to absorb fixed production overhead based on the number of units
produced. All fixed cost incurred evenly throughout the year.

Required:
a. Prepare the Sietement of Profit or Loss for the month of December 2021 using:

The marginal costing approach

The absorption costing approach
(10 marks)

b. Justify the difference in profits dertved from the two approaches in part (a) above.
(2 marks)

. Briefly explain ONE (1) difference between marginal costing and absorption costing
approaches.
(2 marks)
(Total: 14 marks)
Hak Cipta Universiti Teknologi MARA cONFIDENTIAL
 Date: * *******************:************ '***

No. ** *********

QueSHon_2 (Feb 2)
WinDeco Sdn bhd

Stat ement of Mould1ng Proress At

pm

OWIP Output 10FG 19100 +6So

144 000NL 2 0 1000 1200
DM 0 o00

D 12000
PON G0 100
AvIwimal gAin 00 450
0100 20100

Notma 1oSS : 5/. Xinput Cpu-(144 000 1120001G0100-|200 14.5

5 x3o00 o00 ( 20000- 1000)

Statement of tinish1n Pioces

m Rm

O00 Go000 OU1PUt 16900 1114

Bmiransie fiom PPT 1 100 236140 NL 00 80 1960

D I0%20 wIP 00 o295

Pov G0605 Abnov mal loss 20

20100
20 100

NL 57. x pioduction
5 1 (1000 1100500) 980
 Siate men of ea uiVale ni unit FIFO)_
PPT DL POV
OwIP 1000 100 50 G00 60 600
11500 00 7500
I1500 00 100 leo|
980 100 |960 t00 60 00 9800
NL
3G0
10 350
CwIP 500 10000 30
00 120
AL 120100120 120
Total 19100 19460 q550

StnemenB (Ost
PPT Pov
150 1OS920 G0605
(uYent yeaY
191 00 9450 19550

14.5 5 3. 22

State ment oevALuanon

PPT DL POV 101a
OwIP & 00 &G0 4660
+O6 000
CPDP 1150023.2
2136
NL
CwP 1250 10295

A 120 X 22v

ouiput 4660 t 66 o00 + 406000 12112-1460

q14336