QUIZ AA025 ACCOUNTING 2
TOPIC 8: JOB ORDER COSTING
QUESTION 1
Cerah Sdn Bhd (CSB) uses job order costing system to manufacture wood base products. On 22 January 2023, CSB received 100 units order of Ukir-X products from Pudujaya Sdn Bhd (PSB) for a price of RM55 per unit. This order is labeled as Job 300. CSB has started processing Job 300 on January 30, and the following costs have been incurred to complete the job:
(Cerah Sdn Bhd (CSB) menggunakan kaedah pengekosan kerja untuk mengeluarkan produk berasaskan kayu. Pada 22 Januari 2023, CSB menerima tempahan 100 units produk Ukir-X daripada Pudujaya Sdn Bhd (PSB) dengan harga RM55 seunit. Tempahan ini dilabel sebagai Kerja 300. CSB memulakan proses pengeluaran Kerja 300 pada 30 Januari dan kos berikut telah dilibatkan bagi menyiapkan kerja tersebut:)
| Time Ticket No. | Description | RM |
| TB18 | 12.5 hours @ RM20 | 250 |
| TB25 | 30 hours @ RM19 | 570 |
| Material Acquisition No. | Description | RM |
| PB43 | 60 metres thick board @ RM12 (60 meter papan tebal @ RM12) | 720 |
| PB54 | 40 metres medium board @ RM12.50 (40 meter papan sederhana @ RM12.50) | 500 |
| PB62 | 100 metres medium board @ RM10 (100 meter papan nipis @ RM10) | 1,000 |
CSB applied the overhead costs based on direct labour costs. The estimated manufacturing overhead is RM400,000 per year, while estimated direct labour costs is RM250,000 per year. Job 300 has been completed on February 3 and has been delivered to PSB on February 5, 2023.
(CSB menyerap kos overhed perkilangan kepada kerja menggunakan asas kos buruh langsung. Jumlah kos overhed perkilangan yang dijangkakan ialah RM400,000 setahun, manakala jumlah kos buruh langsung yang dijangkakan ialah RM250,000 setahun. Kerja 300 disiapkan pada 3 Februari dan dihantar kepada PSB pada 5 Februari 2023.)
Required:
Prepare Job Cost Sheet for Job 300.
(Sediakan Lembaran Kos Kerja bagi Kerja 300)
QUESTION 2
Jertam Sdn. Bhd. (JSB) uses job order costing system. JSB applied the overhead costs based on direct labor costs. In early 2023, JSB estimated the following expenses:
(Jertam Sdn. Bhd. (JSB) mengamalkan sistem pengekosan kerja. JSB menggunakan kadar overhed kilang pratentu untuk menyerap kos overhed kilang pada kerja berasaskan kos buruh langsung. Pada awal tahun 2023, JSB menganggar perbelanjaan seperti berikut:)
| Manufacturing overhead costs (Kos overhed kilang) | RM150,000 |
| Direct labour costs (Kos buruh langsung) | RM200,000 |
| Direct labour hours (Jam buruh langsung) | 40,000 hours |
| Machine hours (Jam mesin) | 100,000 hours |
The following transactions occur in the first month of operations:
(Urusniaga berikut berlaku pada bulan pertama operasi:)
1) Direct material costs
(Kos bahan langsung)
| Job | RM |
| 101 | 22,000 |
| 102 | 16,000 |
| 103 | 24,000 |
2) Direct labour costs
(Kos buruh langsung)
| Job | RM |
| 101 | 30,000 |
| 102 | 26,000 |
| 103 | 20,000 |
3) Manufacturing costs is aplied to all the jobs.
(Kos overhed kilang diserap kepada kerja-kerja tersebut.)
4) Actual manufacturing overhead costs of RM66,000 is paid by cash.
(Kos overhed kilang sebenar berjumlah RM66,000 dibayar secara tunai)
5) Completed jobs
(Kerja-kerja yang telah siap)
| Job | Unit |
| 101 | 1,000 |
| 103 | 200 |
Required:
(i) Calculate the Predetermined Overhead Rate (POR).
(Kirakan kadar overhed kilang pratentu)
(ii) Calculate total direct material used, direct labour, applied overhead and completed job.
(Kirakan jumlah bahan mentah yang digunakan, buruh langsung, overhead diserap dan kerja yang telah siap)
(iii) Calculate cost per unit of job 101.
(Kirakan kos seunit bagi kerja 101)
(iv) Calculate the ending work in process inventory.
(Kirakan baki akhir kerja dalam proses)
(v) Calculate under-applied or over-applied overhead.
(Kirakan overhed terlebih atau terkurang serap)
Sumber : https://www.madamfizi.com/2023/02/quiz-topic-8-job-order-costing.html