Question
You are provided with financial statements for fiscal year 2020 of two (2) businesses which are Cerah Pelangi Sdn Bhd and Guruh Dentum Sdn Bhd.
You are provided with financial statements for fiscal year 2020 of two (2) businesses which are Cerah Pelangi Sdn Bhd and Guruh Dentum Sdn Bhd. You are required to analyse the financial statements.You used ratio analysis and the following is the accounting ratios that you have prepared
|
| Nisbah perakaunan (Accounting ratio) | Cerah Pelangi Sdn Bhd | Guruh Dentum Sdn Bhd |
| i. | Keuntungan bersih (Net profit) | 5% | 1% |
| ii. | Pusing ganti inventori (Inventory turnover ) | 5.6 kali (times) | 8.8 kali (times) |
| iii. | Nisbah semasa (Current ratio) | 3.4 | 3.2 |
| iv. | Nisbah ujian asid (Acid test ratio ) | 0.85 | 2 |
| v. | Hutang kepada aset (Debt to asset) | 30% | 70% |
| vi. | Pulangan ke atas aset (Return on asset) | 12% | 20% |
(a) Comment each ratio ((i) to (vi)) that you have prepared above for 1)Cerah Pelangi Sdn Bhd and 2)Guruh Dentum Sdn Bhd. business
(b) Compare the business performance and financial position of Cerah Pelangi and Guruh Dentum by using the accounting ratios that has been prepared above
B. Standford Manufacturer has prepared the following information for the month of March 2020)
Stanford Manufacturer
Akaun Barang dikilang bagi bulan berakhir 31 Mac, 2020
(Manufacturing Accounts for the month ended 31st March, 2020)
|
| RM | RM |
| Bahan langsung (Direct materials) |
|
|
| Inventori awal- bahan mentah (Beginning inventory-raw material),1/3/2020 | 22000 |
|
| Tambah: Belian- bahan mentah (Add: Purchases-raw material) | 76,000 |
|
| Bahan mentah sedia untuk digunakan (Raw materials available for use) | 98000 |
|
| Tolak: Inventori akhir (Deduct: Ending inventory- raw materials), 31/3/2020 | (33,000) |
|
| Bahan langsung yang digunakan dalam pengilangan (Direct materials used in production) |
| 65,000 |
| Buruh langsung (Direct labour) |
| 42,000 |
| Overhead pengilangan (Manufacturing overhead) |
| 77,000 |
| Jumlah kos pengilangan (Total manufacturing costs) |
| 184,000 |
| Tambah: Inventori awal- kerja dalam proses (KDP) (Add: Beginning inventory-work in process (WIP)),1/3/2020 |
| 15,000 |
|
|
| 199,000 |
| Tolak: Inventori akhir KDP (Less: Ending inventory- WIP), 31/3/2020 |
| (23,000) |
| Kos barang dikilang (Cost of goods manufactured) |
| 176,000 |
Maklumat tambahan (Additional information):
| Akaun (Accounts) | (RM) |
| Jualan (Sales) | 280,000 |
| Belanja Jualan (Selling Expenses) | 20,000 |
| Belanja Pentadbiran (Administrative Expenses) | 35,000 |
| Inventori awal-barang siap (Beginning inventory-finished goods), 1/3/2020 | 52,000 |
| Inventori akhir-barang siap (Ending inventory-finished goods), 31/3/2020 | 43,000 |
Dikehendaki (Required):
(a) Tentukan kos barang dijual untuk bulan Mac, 2020. (Determine cost of goods sold for the month of March, 2020)
(4 markah/ marks)
(b) Sediakan penyata untung atau rugi (penyata pendapatan) untuk bulan Mac, 2020. (Prepare a statement of profit or loss (income statement) for the month of March, 2020).
(4 markah/ marks)
(c) Kos tempoh adalah sebahagian daripada kos produk. Adakah anda bersetuju? Jelaskan secara ringkas kenapa anda bersetuju/ tidak bersetuju. (Period cost is part of the product cost". Do you agree ? Briefly explain why you agree/ disagree).
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