ACCT 301 SEU Wk 10 Purpose of Measuring & Assigning Support Department Costs Discussion
Question Description
Q 1 Provide numerical example of assigning support department cost and discuss the purpose of assigning support department costs (Week 10: Chapter 8, Measuring and Assigning Support Department Costs).
(2 marks)
Q 2 LMN Compagny produces three products K, L and M.During the year, the joint costs
of processing the three products were $480,000.
Production and sales value information were as follows:
Sales Value
ProductUnitsat Split-OffSeparable CostsSelling Price
K500,000$13 per unit$6.00 per unit$40 per unit
L300,000 $12per unit$4.00 per unit$37 per unit
M200,000$8 per unit$3.00 per unit$28 per unit
Allocate the joint costs using the physical output method.
(Week 11: Chapter 9, Joint product and by Product costing)
(1.5 marks)
Q 3Provide numerical examples of static and flexible budget and discuss how these budgets could be used to evaluate the performance of the managers (Week 12: Static and flexible budgets).
(1.5 marks)
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