HÖGSKOLAN I BORÅS ANALYS OCH BEDÖMNING AV FÖRETAG OCH FÖRVALTNING 7,5 Högskolepoäng Provmoment: Tentamen Ladokkod: Namn: Personnummer: Tentamensdatum: 2013-02-18 Tid: 09.00-13.00 Tillåtna hjälpmedel: Miniräknare samt engelsk-svenskt lexikon Totalt antal frågor på tentamen: 4 frågor Totalt antal poäng på tentamen: 35 poäng För godkänt på tentamen krävs minst 17,5 poäng Rättningstiden är tre veckor. OBS: Glöm inte att skriva namn och presonnummer på alla blad du lämnar in. Lärare : Hossein Pashang (0733-899667)
Example 1: Bundled sales (8 Poäng) Software companies often sale their products in bundles of more than one product or service. The contract is written in lump-sum but delivery is multiple. For example, beside the software itself, other deliveries include such as upgrade, post contract, customer support, and training. Torpa Data which is a small IT-company sold a database software to the University for 1 000 000 SEK on contract. The contract stipulates that in addition to software, Torpa Data shall provide training on the use of the software, a free upgrade, and customer support over the five years of the licensing agreement. The fair market value of these individual elements (if sold separately) is as follows: Fair value Database software 600 000 Training 450 000 Upgrades 300 000 Customer support 150 000 Total estimate fair values 1500 000 Question: 1: in which ways each item of the bundle sale (database software, training, upgrades, and customer support) which amounted to 1000 000 SEK should be apportioned. 2: Discuss about the rules applied to recognize revenues in regards with the items delivered during the contract.
Example: 2 (8 poäng) Accountant of a manufacturing company identify the following costs (MSEK) which need to be sorted and registered in the respective accounts: a) Depreciation on plant equipments b) Depreciation on salespersons automobiles c) Insurance on plant building d) Marketing managers salary e) Raw materials applied to WIP f) Raw materials applied to manufacturing overheads g) Plant repairs and maintenance h) Electricity bill for home office i) Production employee wages paid and applied to WIP j) Overheads applied to WIP 1 000 200 40 20 2 000 100 70 10 40 000 50 000 Your task is to: 1: present the costs as either category of the inventorial (manufacturing) or period cost (4 P). 2: present the costs by T- accounts. Note: the T-accounts should have the correct names by consideration of correct debit and credit rules (4p)
Example 3: Compute the missing amounts of the following table (12 p). Beginning work in process Company X Company Y Company Y A 4 000 2 000 Direct materials used Direct labour 14 000 10 000 35 000 20 000 G 1 000 Manufacturing overhead B 10 000 500 Total manufacturing cost incurred 44 000 D H Total manufacturing cost account for 54 000 E 6 500 Less ending work in process inventory C 25 000 2 500 Cost of goods manufactured 5 000 F I Example 4: Allocation of the costs of building service department. (7 poäng)
A department has four sections. These sections have their own cost centres and manufacturing control overheads: A general factory, cutting, sewing, and finishing. A building service department provides services for these sections and therefore its overheads should be divided and added to the overheads of the respective sections. According to the following table square meter is used as a basis of apportioning the overheads. Departments Square meter occupied percent A (general factory) B (cutting) C (Sewing) D (Finishing) Total 1 620 1 080 1 512 1 188 5 400 1: Manufacturing overhead costs of the building services department for October 2007, total 1506 MSEK should be prorated to the other departments. How much is the overhead services of each department? (4p) 2: Manufacturing overhead costs of the building service department for a year period (12 months) amounted to 14 000 MSEK. Controller of the departments discovered that during this period, the building service department did not provide any services for the finishing section. How much is the overhead services of General Factory, Cutting and Swing (if finishing section did not use the service)? (3p)