MA EXAM 2014 - k Maastricht University School of Business and Economics Ëourse Code Date Tlme - Studeersnel (2024)

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Maastricht University School of Business and Economics

Ëourse

Code

Date

Tlme

Location

Management AccountingEBC2.49:00-12:MECC Westhal

communications Devices are not allowed - put them in your bag (under your

table) or on the floor, nof within arm's reach! Otherwise tniíwiil be reported as

possible fraud to the Board of Examiners.

Any changes to the examination after the official end of the examination will be

reported as possible fraud to the Board of Examiners.

Sanctions by the Board of Examiners on fraud or irregularities include such

measures as:

- complete or partial voidance or annulment of the relevant examination;

- exclusion from participation or further participation of one or more examinations

or exams at the SBE for a period of time to be determined by the Board of

Examiners, with a maximum period of one year;

- termination of the student's registration for the programme.

This examination,coltsists of: (olease check if vou received alt oaoes before

vou start answerinal

16 Pages (Front page included)

6 Questions

You are allowed to make use of: your mind and intuition as well as a non-

programmable calculator. No books or other written material!

Norm:

Youpass this exam if your score /s 5 or higher, Then, and only then wil a

final scare be computed on Íhe basis af this exam (50%), your participatiop in

cfqss (15%), yaur case work (30%), and your participation in ihe experiment

(5%).All paftialscores will be oNLy vALtD in this academic year!

Publication of the resultst within lS workdavs

Proced u re for obiections:

Abiections have to be presented in writing (or e-mait with a receipt

confirmation) to the block coordinator (a@maa

within 5 working days (not including the day of the exam). nn eiam inspection

date will be communicated later.

Particulars: no real particulars .,, it's about common serrse/ so just enjoy the

examination! Good luck!!!

NAM E: r t r t t. r t! t I r t r t r t t r r r t.. r a r! r.. r r r r! r t r r r r r r! r r r. r. r r. r t r... r t.. r r.. r r. r!. r.Id: r rr. r.. rrr rtr rr. r!.

Ql.

Q2.Q3"Q4.Qs. / / / / 2A 25 10 20 10

06. I 15

####### TOTAL; 100

Ouestion 1. Aberfishv & Crombie (max. score 2O)The following information relates to labour of Aberfishy & Crombies Ltd.Type of Labour Skilled SemiSkilled UnSkilled TotalNo. of workers in standard teamStandard rate per hour (€)Number of workers in actual teamActual rate per hour (€)4€€3€c2€€:In a standard 36 hours week, the actual 8 workers team produced2T2 standard hours in total,each of the team members working an equal number of hours. The actual number of semi-skilledworkers is two times the actual number of unskilled workers. The rate variance of semi-skilledworkers is €144,- (F).1 (max. score 10) Engage in a "smart" variance analysis.

I

Ouestion 2. Ooticallv NV (max. score 25)Optically NV makes two kinds of products: lenses and swimming goggles in divisions P and Q respectively.is an input for Q and two units of P are needed to make, one unit of Q,The following data is given to you for a period :If Q buysP€/unita€/unitDirect MaterialsDirect LabourVariable OverheadExternal Demand (units)Capacity (units)Selling Price (per unit) (outsidemarket)€2,'€3,-€1,-3,7,€10,-€2,50 (excl, P)€3,€2,-3,2,500 5 o0,€uys lenses from outside, it has the follor,rFor orrer aranrirv 2,4ee or tess JilBcosts:For order quantity 2,499 or less I í èl- per lr unit for theunit for the entire quantity entire ordered.For order quantity 2,500 - 5,000 I 6 €8,- per unit for the entire quantity ordered.For order quantity more than s,OOqQ€7,- per unit for the entire quantity ordered.

F

2. (max. score 15) Compute the best decision rights altocation (responsibílity centre structure)for the divisions P and Q and for Optically as a whole. What transfer price and deal comes out ofyour gptimal structure?

Ouestion 3. Gill Ltd, (max. score 1O)Gill Ltd. manufactures three products, E, F, and G. The products are all finished on the same machine. This is the only mechanized part of the process. During the next period the production manager is planning an essential major maintenance overhaul of the machine. This will restrict the available machine hours to 1400 hours for the next period. Data for the three products is: Selling price Variable cost Fixed production cost Other fixed cost Profit Max. demand (units/period) Product E€/unit30131025250Product F€/unit176812140Product G€/unit2L963,2,130 No inventory is held. Fixed production costs are absorbed using a machine hour rate of €2 per machine hour. 3. (max. score 10) You are required to determine the production plan that will maximize profit for the forthcoming period.

Ouestion 4. Hatch Hardwood Floors - Paramaribo ísuriname) (max. score 2O) Hatch Hardwood Floors installs hardwood floors in homes and businesses. The company uses an activity-based costing s)4stem for its overhead costs, The company has providedthe following data concerning its annual overhead costs and its activity based costingsystem:Overhead costs:Production overhead SRD 160.Office expense,."'......'. SRD 160.Tota1.......... SBDi!20-0OODistribution of resource consumption:Activitv Cost Pools

production overhead...,..., ''fs#

suPPoort

W {|í[XL

OffÍce expense,...,.'..'.."', 10o/o 600/o 30o/o 100o/oThe ,.Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs,The amount of activity for the year is as follows:Activity Cost Pool Annual Activi|Installing floors..,............. 800 squaresJob support 160 iobsOther........' Not applicableA"square" is a measure of area that iS roughly equivalent to 1 square feet.

4. (max. score 5) Discuss your findings.ouestion 5. Randall comoanv - Edmonton (canada) ímax. score lo)Randall Company is a merchandising company that sells a single product. The company,sinventories, production, and sales in units for the next three months have been forecastedas follows:k §ooWr?o", Novernber DecemberBeginning inventory 10 10 10.Merchandise purchases .no.!P 60 7O 35,OOOSales.,...... 60 7O 40,OOOEnding inventory 1O 1O 5IUnits are sold for CAN;Ip each. one foffih of all sales are paid for in the month of saleand the balance is paid in-the following month. Accounts receivable at September 30totaled CAN $450.Merchandise is purchased for CAN $7 per unit. Half of the purchases are paid for in theaid in the month following purchase. Sellingand administrative expenses are expected to total CAN 9120 each month. One half o]these expenses will be paid in the month in which they are and the ba'iàfiEéïïll be

####### § O%*os

####### §ry" l-,*.,k

G.

pa.íd.'in the following month. ïhere is no depreclation. Accounts payable at September 30totaled cAN $290.'cash at september 30 totaled cAN g80. A paymentof CAN 9300 for purchase ofequipment is scheduled for November, and a divídend of CAN $2bo is to be paid inDecember.5. (max. score 10) Prepare_schedule of expecteà iast colfections and disbursem*nts ffmerchandise purchases and for selling and general administrative (S&GA) for each of the monthsof October, November, and Decembei. Oiscuss your flndings.

1 6- (max. score 15) Sketch the ouHine of a Sata;ciclearly rnentioning the KPI's as part of the management accounting ivsternÉeÉinà inËtsc.