Question 1 Char Tau Sdn Bhd uses Material B for production. The following are the movements of stock during the month of November 2007: Receipts Issues Units Unit cost (RM) 1.10 1.20 200 Datel Units 240 3 300 10 15 250 18 23 27 400 30 1.30 250 100 1.25 250 Required: Prepare a store ledger card for the month using each of the following methods: (a) First-in-first-out (FIFO) (8 marks) (b) Last-in-first-out (LIFO) (8 marks) (c) Cumulative weighted average cost (CWAC) (9 marks) (Total : 25 marks) Question 2 Watermelon Sdn Bhd produces a single product. The following standard data per unit is available: Selling price RM16 Direct Material 1 kilo at RM 6 per kilo Direct Labour 0.25 hour at RM 11 per hour Variable overhead RM 12 per labour hour Fixed factory overhead RM 10 per labour hour Fixed factory overheads are budgeted based on the company's normal activity level of 850 units. Other fixed costs are estimated as follows: Fixed selling overheads RM300 per month Fixed administration overheads RM200 per month Planned production and sales levels for April and May are as follows: April May Production units 800 900 Sales units 700 800 Assume that there is no beginning stock for April. Required: (a) Calculate the standard cost and profit for one unit of the product (b) Prepare a statement showing the budgeted profits for both April and May, using: (1) Absorption costing Marginal costing otal: 25 marks) Question 3 AP Ltd budgeted overheads and statistics for the second half of year 2009 are as follows: Cutting Sewing Ironing Service A Service B Allocated cost (RM) 49.290 37,890 10,650 19,190 25380 Cost to be apportioned (RM): Building related cost 15,400 Labour related cost 8,400 Machinery depreciation 9,800 Rent and rates 14.000 Additional information provided by AP Cutting Sewing Ironing Service A Service B Floor area (Square metres) 2,000 2,000 4,000 1.000 1.000 Direct labour hours 31.000 6.000 24.000 Building value 20,600 18,400 10,000 Cost of machinery (RM) 35,000 35,000 5,000 15.000 10.000 Service cost centre overheads are apportioned on the following basis: Cutting Sewing Ironing Service Service B % share of Service A40 3515 10 % share of Service B 50 20 10 20 Required: (a) Prepare the overhead analysis sheet. Calculate the suitable overhead absorption rate for each of the production cost centres to three decimal places. (b) Prepare the overhead based on repeated and simultaneous method (Total : 25 marks)