29 Jun Question SectionA 40marks AnswerQuestionNo. 1,thenattemptanyotherTHREEquestions.
Question
SectionA 40marks
AnswerQuestionNo. 1,thenattemptanyotherTHREEquestions.
1. Transactiondriverscount howoftenan activityisperformed.
Durationdriversrepresenttheamountof timerequiredtoperforman activity.
Intensitydrivers directlychargefortheresourcesused eachtimean activityis performed. Also, aweighted indexapproachmightbeused to simulateanintensitydriver.
a. Giveanexampleof eachof thefourtypesof driversdescribedabove. b. Explainwheneachofthefourtypesof driversshouldbeused.
c.For eachof the first threetypesof drivers,explaintheassumptionsabouttheactivityandthe objectof the activity.
d. For eachof the followingactivitiesidentifyatransactiondriver,adurationdriver, andan intensitydriver.
Machinemaintenance
MachinesetupQuality controlMaterialorderingProductionschedulingWarehouseexpenseEngineeringdesign
AttemptanyTHREEquestionsof thefollowing
2. Describethestepsin thePDCAcycle.
3. Describesomeof thedrawbacksofusing theoperatingbudgetasa controldevice.
4. Whatrolehastheincreasinglycompetitivebusinessenvironmentplayed inthe developmentofmanagementaccounting?
5. Explain howtraditionalcost systems,using only unitlevelcost drivers,distortproductcosts.
SectionB 60marks
ReadthefollowingFOURcases,thenanswertherequiredquestionsafter eachcase.
Case1
ProfitsharingKnightMedicalDevices makesdevicesandequipmentthat it sellstohospitals.The organizationhasaprofit-sharingplan thatiswordedasfollows:
The companywillmakeavailableaprofit-sharingpoolthatwill be thelower ofthefollowingtwo items:
1.40%ofincomebeforetaxesin excessof thetargetprofitlevel,whichis18%of net assets,or
2.$14million.
The individualemployeeis paid ashareof theprofit-sharingpoolequal totheratio of that employee’ssalarytothetotalsalarypaid to allemployees.
Required
(a) Ifthe companyearned$90millionof earningsbeforetaxesandhadnetassetsof$200 million, whatwouldbetheamountavailablefordistributionfromtheprofit-sharingpool?
(b) Supposethat BobKnight’ssalarywas$136,000 andthattotalsalariespaidinthe company were$50million. Whatwould Bob’sprofit sharebe?
Sunshine,Inc.sellsasingle product.The company’smostrecentincomestatementisgivenb
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