Cheating 101

SIOMAI Company Quantity Schedule In process June 1 Received frm dept 1 Units to be accounted for in proess june 1 f&T started this month F&T in process, june 30 Units accounted for

Actual 2000 10000 12,000 ===== 2000 6000 4000 12000 =====

Cost Analysis Cost from purchasing dept Work in process, June 1 Cost added in dept 2: Materials Labor Overhead Total added cost Cost added during the month: Materials Labor Overhead Total added cost Total cost to be accounted for

WorkDone Materials

100% 90%

6000 3600 9600 ====

WorkDone Labor WorkDone

40% 100% 70%

Total Cost 160,000 32,000 192,000

1600 6000 1400 9000 ====

16

20,000 7,200 5,500 32, 700 96,000 36,000 18,000 150,000 374,700 ======

Quantity Schedule Actual WorkDone Materials In process June 1 2000 Received frm dept 1 10000 Units to be accounted for 12,000 ===== started this month F&T 8000 1000 8000 in process, june 30 4000 90% 3600 Units accounted for 1200 11600 ===== ==== Cost Analysis Units Total Cost In Process, June 1 2000 32,000 Received from dept. 1 10,000 160,000 12,000 192,000 ===== ====== Cost added in dept 2: Materials 20,000 Labor 7,200 Overhead 5,500 Total added cost 32, 700 ====== Cost added during the month: Materials 96,000 Labor 36,000 Overhead 18,000I Total added cost 150,000 Total cost to be accounted for 374,700 ====== Cost accounted for Finished and transferred Cost from preceding dept. (8000 x 32.5) In process: Cost last month Cost this month: Materials (3600 x 10) Labor (2800 x 4) Overhead (1,400 x 2.5) Total cost accounted for

10 3.75 2.14 15.75 31.75 =====

32,700 3000 3200 32,000 190,500 64, 000 36,000 10,500 2,800

115,300 374,700 ======

WorkDone Labor WorkDone

100% 70%

8000 2800 10800 ====

100% 35%

Unit cost 16

10 4 2.5 16.5 32.5 ===== 260,000 64,000 36,000 11,200 3,500 374, 706 =======

Problem 3 :Average

Finished & Transferred in process, End Units accounted for

80% 100% 35%

Unit cost

Cost accounted for Finished and transferred In process, June 1 Cost this month Cost this department Labor(800 x 3.75) Overhead(1600 x 2) Cost from preceding dept Started this month (6,000 x 3.75) In process, June 30 Cost from preceding dept (4000 x 16) Cost this month Materials(3,600 x 10) Labor(2,800 x 3.75) Overhead(1, 400x 2.14) Total cost accounted for

Quantity Schedule In process Beg. Received from dept A Units to be accounted for

800 6000 2800 9600 ====

Overhead

Actual WorkDone Equivalent Production 2000 9000 11,000 ===== 8000 100% 8000 3000 1/3 1000 11000 9000 ===== ====

Overhead

8000 1400 9400 ====