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CHAPTER 12

Introduction to Cost Accounting

E 12-1

1. A 6. A 11. A 16. A

2. A 7. A 12. A 17. A

3. A & C 8. A 13. A 18. C

4. A 9. A & C 14. A 19. A

5. A 10. A 15. A 20. A

E 12-2

Lacbay Manufacturing Company

ncom! "tat!m!nt

#or t$! Mont$ %n! Apri' 30( 2010

"a'!) *1(440(000

Co)t of +oo) "o' 966(000

+ro)) *rofit * 474(000

,p!rating %-p!n)!)

Mar/!ting %-p!n)!) *72(000

Amini)trati! %-p!n)!) 14(400 86(400*rofit b!for! ncom! a- * 387(600

ncom! a- 135(660

*rofit *251(940

Lacbay Manufacturing Company

"tat!m!nt of Co)t of +oo) "o'

#or t$! Mont$ %n! Apri' 30( 2010

ir!ct Mat!ria') a Mat!ria') n!ntory( b!ginning *120(000

a Mat!ria') *urc$a)!) 720(000

a mat!ria') Aai'ab'! for )! *840(000

L!)) a Mat!ria') n!ntory( !n 170(000 ir!ct Mat!ria') )! * 670(000

ir!ct Labor 300(000

#actory ,!r$!a 200(000

ota' Manufacturing Co)t *1(170(000

A or/ in *roc!)) n!ntory( b!ginning 160(000

ota' Co)t of or/ *ut into *roc!)) *1(330(000

L!)) or/ in *roc!)) n!ntory( !n 300(000

Co)t of +oo) Manufactur! *1(030(000

A #ini)$! +oo) n!ntory( b!ginning 140(000

Co)t of +oo) Aai'ab'! for "a'! *1(170(000L!)) #ini)$! +oo) n!ntory( !n 204(000

Co)t of +oo) "o' * 966(000

E 12-3

1. a Mat!ria')( un! 30 *150(000

A a Mat!ria') *ut into *roc!)) 240(000

a mat!ria') Aai'ab'! for )! *390(000

L!)) a Mat!ria')( un! 1 120(000

a Mat!ria') *urc$a)! *270(000

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Chapter 12- Suggested Answers (APC-2011) page 2

2. a Mat!ria') *ut into *roc!)) *240(000

A ir!ct Labor

!partm!nt A *140(000

!partm!nt 160(000 300(000

*rim! Co)t) *540(000

3. ir!ct Labor *300(000A #actory ,!r$!a

!partm!nt A *140(000 - 120:; *168(000

!partm!nt *160(000 - 80:; 128(000 296(000

Con!r)ion Co)t) *596(000

4. a Mat!ria') *ut into *roc!)) *240(000

ir!ct Labor 300(000

#actory ,!r$!a 296(000

ota' Manufacturing Co)t *836(000

5. ota' Manufacturing Co)t *836(000

A or/ in *roc!))( un! 1 160(000ota' Co)t of or/ *ut into *roc!)) *996(000

L!)) or/ in *roc!))( un! 30 128(000

Co)t of +oo) Manufactur! *868(000

6. Co)t of +oo) Manufactur! *868(000

A #ini)$! +oo)( un! 1 108(000

Co)t of +oo) Aai'ab'! for "a'! *976(000

L!)) #ini)$! +oo)( un! 30 120(000

Co)t of +oo) "o' *856(000

E 12-4

Company A#ini)$! +oo)( b!ginning *1(200(000

A Co)t of +oo) Manufactur! 7(600(000

Co)t of +oo) Aai'ab'! for "a'! *8(800(000

L!)) Co)t of +oo) "o' *8(000(000 - 60:; 4(800(000

#ini)$! +oo)( !n *4(000(000

Company

Co)t of goo) )o' *2(600(000

A #ini)$! goo)( !n 380(000

Co)t of goo) aai'ab'! for )a'! *2(980(000

Company CCo)t of +oo) Manufactur! *680(000

A #ini)$! +oo)( b!ginning 90(000


L!)) #ini)$! +oo)( !n 104(000

Co)t of +oo) "o' *666(000

A +ro)) *rofit 192(000

"a'!) *858(000

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E 12-5

a. a Mat!ria') *urc$a)!) 80(000

#actory 4(200

n)uranc! > #actory 1(560

*rop!rty a-!) > #actory 2(500 *r!pai n)uranc! 1(560

Accumu'at! !pr!ciation > #actory 4(200

Accru! *rop!rty a-!) 2(500

i. a Mat!ria')( !n 10(000

or/ in *roc!))( !n 18(260 Manufacturing "ummary 28(260

*80(000 ? *66(000 > *4(000 @ *10(000 *66(000 *64(000 *4(000 *16(000 *8(000 *36(000

*4(200 *1(560 *2(500 > *184(000 @ *18(260

B. Account) !c!iab'! 160(000 "a'!) 160(000

/. Ca)$ 80(000

Account) !c!iab'! 80(000

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'. Manufacturing "ummary 212(260

a Mat!ria') *urc$a)!) 80(000

ir!ct Labor 64(000

nir!ct Labor 16(000

#actory *ayro'' a-!) 8(000 "unry #actory ,!r$!a 36(000

!pr!ciation %-p!n)! > #actory 4(200 n)uranc! > #actory 1(560

*rop!rty a-!) > #actory 2(500

m. #ini)$! +oo)( !n 64(000

ncom! "ummary 64(000

*184(000 > *160(000 - 75:; @ *64(000

E 12-6

1. ir!ct Mat!ria')( anuary 1 *12(800

A *urc$a)!) of ir!ct Mat!ria') 18(000

ir!ct Mat!ria') Aai'ab'! for )! *30(800

L!)) ir!ct Mat!ria')( !c!mb!r 31 10(800ir!ct Mat!ria') )! *20(000

2. Co)t of +oo) "o' 3; *105(400

A +ro)) *rofit 22(600

"a'!) *128(000


A #ini)$! +oo)( anuary 1 16(000


L!)) #ini)$! +oo)( !c!mb!r 31 10(600

Co)t of +oo) "o' *105(400

4. ir!ct Mat!ria') )! 1; * 20(000

ir!ct Labor 26(000

#actory ,!r$!a 58.000


5. Co)t of +oo) Manufactur! *100(000A or/ in *roc!))( !c!mb!r 31 4(000

ota' Co)t of or/ *ut into *roc!)) *104(000

L!)) ota' Manufacturing Co)t 104(000

or/ in *roc!))( anuary 1 * ? 0??

6. ir!ct Mat!ria') )! 7; *11(800A ir!ct Mat!ria')( !c!mb!r 31 9(200


L!)) *urc$a)!) of ir!ct Mat!ria') 14(000

ir!ct Mat!ria')( anuary 1 * 7(000

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L!)) ir!ct Labor *16(000

#actory ,!r$!a 15(200 31(200

ir!ct Mat!ria') )! *11(800

8. Co)t of +oo) "o' *44(000

A #ini)$! +oo)( !c!mb!r 31 10(600Co)t of +oo) Aai'ab'! for "a'! *54(600

L!)) #ini)$! +oo)( anuary 1 8(000


9. "a'!) *67(600

L!)) Co)t of +oo) "o' 44(000

+ro)) *rofit *23(600


A or/ in *roc!))( anuary 1 9(600


L!)) Co)t of +oo) Manufactur! 8; 46(600or/ in *roc!))( !c!mb!r 31 * 6(000

11. ota' Manufacturing Co)t 15; *80(800

L!)) ir!ct Mat!ria') )! *18(800 #actory ,!r$!a 26(000 44(800

ir!ct Labor *36(000

12. ir!ct Mat!ria') )! *18(800

A ir!ct Mat!ria')( !c!mb!r 31 11(000


L!)) ir!ct Mat!ria')( anuary 1 13(800

*urc$a)!) of ir!ct Mat!ria') *16(000

13. "a'!) *110(000

L!)) +ro)) *rofit 24(000

Co)t of +oo) "o' * 86(000

14. Co)t of +oo) "o' 13; *86(000A #ini)$! +oo)( !c!mb!r 31 12(400


L!)) #ini)$! +oo)( anuary 1 15(600


15. Co)t of +oo) Manufactur! 14; *82(800A or/ in *roc!))( !c!mb!r 31 600


L!)) or/ in *roc!))( anuary 1 2(600


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16. ir!ct Mat!ria')( anuary 1 * 3(000

A ir!ct Mat!ria') *urc$a)! 16(000

Mat!ria') Aai'ab'! for )! *19(000

L!)) ir!ct Mat!ria') )! 11(200

ir!ct Mat!ria')( !c!mb!r 31 * 7(800

17. ota' Manufacturing Co)t *36(200L!)) ir!ct Mat!ria') )! *11(200

ir!ct Labor 12(000 23(200

#actory ,!r$!a *13(000


A #ini)$! +oo)( anuary 1 12(000


L!)) Co)t of +oo) "o' 34(000

#ini)$! +oo)( !c!mb!r 31 *14(200

19. "a'!) *80(000

L!)) Co)t of +oo) "o' 34(000+ro)) *rofit *46(000


A or/ in *roc!))( !c!mb!r 31 5(000ota' Co)t of or/ *ut into *roc!)) *41(200

L!)) ota' Manufacturing Co)t 36(200

or/ in *roc!))( anuary 1 * 5(000

P 12 1

1. ota' Manufacturing Co)t *3(600(000

L!)) Co)t of +oo) Manufactur! 3(400(000

iff!r!nc! in or/ in *roc!)) b!ginning an !ning * 200(000

20:

or/ in *roc!))( !c!mb!r 31 *1(000(000


A or/ in *roc!))( anuary 1 *1(000(000 - 80:; 800(000ota' Co)t of +oo) *ut into *roc!)) *4(400(000


L!)) Manufacturing ,!r$!a *3(600(000 - 25:; * 900(000

ir!ct Labor *900(000 D 72:; 1(250(000 2(150(000

ir!ct Mat!ria') )! *1(450(000

P 12 2

1. a. a Mat!ria') *urc$a)!) 400(000

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*820(000 @P94,400

*100(000 *400(000 > *370(000 > *70(000 @P60,000

/2. Manufacturing "ummary 908(400 a Mat!ria' *urc$a)!) 400(000

,t$!r #actory ,!r$!a 70(000

ir!ct Labor 280(000

nir!ct Labor 60(000

#actory *ayro'' a-!) 28(400

nir!ct Mat!ria') 70(000

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/3. Manufacturing "ummary 136(000

or/ in *roc!))( b!ginning 36(000

a Mat!ria')( b!ginning 100(000

/4. #ini)$! +oo) 120(000


*70(000 *820(000 > *770(000 @ *120(000

/5. ncom! "ummary 70(000

#ini)$! +oo)( b!ginning 70(000

/6. "a'!) 1(078(000

Manufacturing "ummary 820(000

"a'!) "a'ari!) 50(000

Amini)trati! "a'ari!) 30(000

"a'!) *ayro'' a-!) 4(750

Amini)trati! *ayro'' a-!) 2(700

ncom! a- 66(165 ncom! "ummary 104(385

/7. ncom! "ummary 154(385

!tain! %arning) 154(385

Lama)an Company

Co)t of +oo) "o' "tat!m!nt

#or t$! Mont$ %n! u'y 31( 2010

ir!ct Mat!ria')

a Mat!ria')( b!ginning *100(000

A a Mat!ria') *urc$a)!) 400(000

a Mat!ria') Aai'ab'! for )! *500(000

L!)) nir!ct Mat!ria') *70(000

a Mat!ria')( !n 60(000 130(000

ir!ct Mat!ria') )! *370(000

ir!ct Labor 280(000

#actory ,!r$!a nir!ct Mat!ria') *70(000

nir!ct Labor 60(000

#actory *ayro'' a-!) 28(400

,t$!r #actory ,!r$!a 70(000 228(400


A or/ in *roc!))( b!ginning 36(000ota' Co)t of or/ *ut into *roc!)) *914(400

L!)) or/ in *roc!))( !n 94(400




L!)) #ini)$! +oo)( !n 120(000

Co)t of +oo) "o' *770(000

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3. Lama)an Company

ncom! "tat!m!nt

#or t$! Mont$ %n! u'y 31( 2010

"a'!) *1(078(000

Co)t of +oo) "o' 770(000+ro)) *rofit * 308(000

,p!rating %-p!n)!)

Amini)trati! "a'ari!) *30(000

Amini)trati! *ayro'' a-!) 2(700

"a'!) "a'ari!) 50(000

"a'!) *ayro'' a-!) 4(750 87(450

*rofit b!for! ncom! a- * 220(550

ncom! a- 66(165

*rofit *154(385

Lama)an Company

"tat!m!nt of #inancia' *o)itionu'y 31( 2010

A""%"

Ca)$ *200(000 ? *351(310 *810(000 > *440(000; *218(690

Account) !c!iab'! *120(000 *1(078(000 > *810(000; 388(000#ini)$! +oo) 120(000

or/ in *roc!)) 94(400

a Mat!ria') 60(000

,AL A""%" *881(090

LAL%"

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nir!ct Mat!ria') )! * 20(000

2. #actory *ayro'' pai * 88(000

Accru! *ayro'' 12(000

ir!ct Labor 64(000;

nir!ct 'abor * 36(000

3. nir!ct Mat!ria') * 20(000nir!ct Labor 36(000

#actory n)uranc! 1(200

!pr!ciation of #actory %Juipm!nt 6(800

#actory ti'ity "!ric! 12(000

ota' #actory ,!r$!a * 76(000

4. ir!ct Mat!ria') )! *156(000

ir!ct Labor 64(000

#actory ,!r$!a 76(000


A or/ in *roc!))( b!ginning 164(000

ota' Co)t of or/ *ut into *roc!)) *460(000L!)) or/ in *roc!))( !n 188(000


5. Co)t of +oo) Manufactur! *272(000A #ini)$! +oo)( b!ginning 592(000


L!)) #ini)$! +oo)( !n 608(000

Co)t of +oo) "o' *256(000

P 12 4

1. *180(000 10. * 12(000 18. *260(000

2. * 30(000 11. * 34(000 19. *18(0003. * 46(000 12. * 42(600 20. *78(000

4. * 12(000 13. *123(600 21. *53(400

5. * 34(000 14. * 42(000 22. *80(400

6. * 36(000 15. * 36(600 23. *32(600

7. * 94(000 16. *132(400 24. *36(600

8. * 30(000 17. * 95(000 25. *40(0009. * 82(000

MC



#ini)$! +oo)( !n 104(000; Co)t of +oo) "o' *666(000

+ro)) *rofit 192(000

"a'!) *858(000

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2 A a Mat!ria') *urc$a)! * 860(000

L!)) ncr!a)! in a Mat!ria') n!ntory 30(000

ir!ct Mat!ria') )! * 830(000

ir!ct Labor 400(000#actory ,!r$!a 600(000

ota' Manufacturing Co)t @ Co)t of +oo) Manufactur! *1(830(000

!cr!a)! in #ini)$! +oo) n!ntory 70(000

Co)t of +oo) "o' *1(900(000

3 ir!ct Mat!ria')( !c!mb!r 1 * 72(000

ir!ct Mat!ria') *urc$a)!) 168(000

ir!ct Mat!ria')( !c!mb!r 31 60(000;

ir!ct Mat!ria') )! * 180(000

ir!ct Labor 120(000

*rim! Co)t *300(000

4 ir!ct Labor *120(000

#actory ,!r$!a K*120(000 D15; - 20 160(000Con!r)ion Co)t *280(000

5 *rim! Co)t *300(000

#actory ,!r$!a 160(000


or/ in *roc!))( !c!mb!r 1 36(000

or/ in *roc!))( !c!mb!r 31 24(000;


6 C !ginning in!ntori!) *80(000 *50(000 *120(000; *250(000

%ning in!ntori!) *100(000 *70(000 *140(000; 310(000;

ir!ct Labor 240(000#actory ,!r$!a 216(000

Co)t of +oo) "o' 756(000;

ir!ct Mat!ria') *urc$a)!) *360(000

7 Co)t of +oo) "o' *756(000

#ini)$! +oo)( "!pt!mb!r 30 140(000#ini)$! +oo)( "!pt!mb!r 1 120(000;


8 C *756(000 - 200: @ *1(512(000

A ir!ct Mat!ria')( un! 1 *246(000*urc$a)!) 825(720

ir!ct Mat!ria')( un! 30 375(908;

ir!ct Mat!ria') )! in prouction *695(812

1! A ir!ct Mat!ria') )! * 695(812

ir!ct Labor 428(216

*rim! Co)t *1(124(028

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11 A ir!ct Labor *428(216

#actory ,!r$!a *16(470 - 11; 181(170

Con!r)ion Co)t *609(386

12 C *rim! Co)t *1(124(028

#actory ,!r$!a 181(170ota' Manufacturing Co)t *1(305(198

or/ in *roc!))( un! 1 648(040

ota' Co)t of +oo) *'ac! in *roc!)) *1(953(238

13 C ota' Co)t of +oo) *'ac! in *roc!)) *1(953(238

L!)) or/ in *roc!))( un! 30 1(153(382

Co)t of +oo) Manufactur! * 799(856

14 Co)t of +oo) Manufactur! *799(856

#ini)$! +oo)( b!ginning 1(196(642

#ini)$! +oo)( !ning 1(587(278;

Co)t of +oo) "o' *409(220

15 C *428(216D16470 @ *26.00

16 *125(000D12.5: @ *1(000(000

17 C *315(000D75: @ *420(000

18 C "a'!) *1(000(000

,p!rating %-p!n)!) *125(000

*rofit 125(000 250(000

Co)t of +oo) "o' *750(000

1 !ginning n!ntori!) *700(000

%ning in!ntori!) 1(115(000;

*urc$a)!) 230(000

ir!ct Labor 420(000

#actory ,!r$!a 315(000

Co)t of +oo) "o' 750(000;a Mat!ria')( b!ginning *200(000

2! A *200(000 *230(000 > *250(000 @ *180(000

TM 44

1. 6. # 11. # 16. #2. # 7. 12. 17.

3. 8. # 13. 18. #

4. # 9. 14. # 19.

5. # 10. # 15. # 20. #

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TM 45 TM 46

1. A 6. % 1. 6.

2. 7. + 2. 7. A3. F 8. I( L( M 3. C 8. C

4. 9. 4. C 9. 5. I 10. E 5. C 10. C

11. A p'u)

12.

13. C

14. M

15. +

TM 47

1. "a'!) *720(000

+ro)) *rofit 440(000;

Co)t of +oo) "o' *280(000

#ini)$! +oo)( !n 60(000Co)t of +oo) Manufactur! 240(000;

#ini)$! +oo)( b!ginning *100(000

2. "a'!) *1(400(000+ro)) *rofit 650(000;

Co)t of +oo) "o' * 750(000

#ini)$! +oo)( !n 70(000

#ini)$! +oo)( b!ginning 120(000;

Co)t of +oo) Manufactur! * 700(000

3. A ota' Manufacturing Co)t *170(000

*rim! Co)t *72(000D60:; 120(000;#actory ,!r$!a * 50(000

4. a Mat!ria') *urc$a)! *200(000

ir!ct Labor 300(000

#actory ,!r$!a 400(000

ncr!a)! in or/ in *roc!)) 30(000;!cr!a)! in #ini)$! +oo) 20(000

Co)t of +oo) "o' *890(000

5. ir!ct Mat!ria') )! *600(000ncr!a)! in ir!ct Mat!ria') n!ntory 100(000

ir!ct Mat!ria') *urc$a)!) *700(000

6. A #ini)$! +oo) tran)f!rr! out *340(000

or/ in *roc!))( !n 600(000

or/ in *roc!))( b!ginning 100(000;


ir!ct Mat!ria') )! 220(000;

ir!ct 'abor 500(000;

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#actory ,!r$!a *120(000

7. Co)t of +oo) Aai'ab'! for "a'! *360(000

#ini)$! +oo)( !n 240(000

Co)t of +oo) "o' *120(000

+ro)) *rofit 560(000"a'!) *680(000

8. ir!ct Mat!ria') *3(400(000

ir!ct Labor 1(600(000

#actory ,!r$!a 2(400(000

ota' Manufacturing Co)t *7(400(000

or/ in *roc!))( b!ginning 600(000


Co)t of +oo) Manufactur! 4(800(000;

or/ in *roc!))( !n *3(200(000

9. A ota' Manufacturing Co)t @ to Co)t of +oo) Manufactur! *120(000




or/ in *roc!)) !n 30(000

ota' Co)t of or/ *ut into *roc!)) *220(000ota' Manufacturing Co)t

ir!ct Mat!ria') *60(000

ir!ct Labor 80(000

#actory ,!r$!a 40(000 180(000

or/ in *roc!))( b!ginning * 40(000

TM 48

Lia)an Corporation

Co)t of +oo) "o' "tat!m!nt#or t$! H!ar %n! !c!mb!r 31( 2010

ir!ct Mat!ria')

a Mat!ria') n!ntory( b!ginning * 176(000

a Mat!ria') *urc$a)!) *732(000

A #r!ig$t?in on ra mat!ria') purc$a)! 13(200!'i!r! Co)t of a Mat!ria') *urc$a)!) 745(200

a Mat!ria') Aai'ab'! for )! * 921(200

L!)) a Mat!ria') n!ntory( !n 128(000

ir!ct Mat!ria') )! * 793(200ir!ct Labor 1(047(200

#actory ,!r$!a 1(145(600ota' Manufacturing Co)t *2(986(000

A or/ in *roc!))( b!g 59(600


L!)) or/ in *roc!))( !n 77(600

Co)t of +oo) Manufactur! *2(968(000


Co)t of +oo) Aai'ab'! for "a'! *3(076(400

L!)) #ini)$! +oo)( !n 132(000

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Co)t of +oo) "o' *2(944(400

#actory ,!r$!a !-c'uing !pr!ciation * 936(800

!pr!ciation > manufacturing 208(800

ota' *1(145(600

TM 4

a. a Mat!ria') *urc$a)!) 692(000#actory "upp'i!) 196(000

*770(000 @P178,000

*770(000 *186(000 *98(000 *44(000 *372(000

*52(000 *166(000 *164(000 > *1(690(000 @P162,000

i3. Manufacturing "ummary 420(000

ir!ct Mat!ria') n!ntory( b!ginning 256(000 or/ in *roc!)) n!ntory( b!ginning 164(000

i4. Manufacturing "ummary 1(610(000

a Mat!ria') *urc$a)!) 692(000

#actory "upp'i!) 186(000

ir!ct Labor 98(000

!pr!ciation %-p!n)! > #actory ui'ing an %Juipm!nt 44(000

nir!ct Labor 372(000

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ti'iti!) > #actory 52(000

,t$!r #actory ,!r$!a 166(000

B. Account) !c!iab'! 2(524(000

"a'!) 2(524(000

/. Ca)$ 2(390(000

Account) !c!iab'! 2(390(000

'1. #ini)$! +oo)( !n 294(000


*344(000 *1(690(000 > *1(740(000 @ *294(000

'2. ncom! "ummary 344(000


m.

APC_ch12sol.2011

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Transcript of APC_ch12sol.2011