时间序列分析代写 Time Series Analysis代写 Exam代写
801STAD57 Time Series Analysis Final Examination 时间序列分析代写 Duration: 3hours Examination aids allowed: Non-programmable scientific calculator, open book/notes Instructions: • Read the...
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会计考试代写 Group I (8 Values) (Estimated solving time: 60 minutes) JOTA company produces a single product from the transformation of a single product.
(Estimated solving time: 60 minutes)
JOTA company produces a single product from the transformation of a single product.
The following information was retrieved from the company’s budget for year N:
1.Cash budget (in euros)
1st SEM | 2st SEM | Balance Sheet | Term | |
1. Receipts | ||||
From previous years | 1.000 | |||
From the current year | ||||
Sales | ? | ? | ？ | 45d |
Total Receipts | xxxxx | xxxxx | ||
2. Payments | ||||
From previous years | 10.000 | 3.000 | – | |
From the current year | ||||
Material purchases | 8.200 | ？ | 4.100 | 60d |
Transformation costs | ？ | 12.000 | 2.000 | 30d |
Commercial Variable Costs | 900 | 1.200 | – | p.p. |
Other Non-manufactring Costs | 6.000 | 8.000 | – | p.p. |
2. Total Payments | xxxxx | xxxxx | ||
3. Cash Balance (1-2) | xxxxx | xxxxx |
– Forecasted Selling Price: 30 € / unit
– Forecasted sales: 1.500 units in the 1^{st} semester and 2.000 units in the 2^{nd} semester
– There were no opening stocks of products and materials
– Finished Product Stock Policy:
The company plans to have, by the end of the year, a closing stock of 200 units, considering that production is regular throughout the year.
– Forecasted Closing Stock of Materials: 1.500 €
– Forecasted manufacturing depreciation: 6.700 €
– Opening cash: 1.000 €;
– Forecasted closing cash (for each semester): 4.000 €
– On the 1^{st} of November of N-1, the company has undertaken a medium-long loan in the amount of 30.000€, payable in 5 equal semi-annual consecutive refunds, starting on the 30^{th} of april of year N. This loan has an annual interest rate of 4%. Interests are payable simultaneously with the capital refunds;
– The company has contracted a short-term credit line, in order to face any cash deficits (which uses as needed and is refundable if there is cash availability). The use of credit line implies the payment of interests at the annual rate of 10%, payable in the following semester of its use;
– The company applies any cash excess in financial applications with an annual interest rate of 1%, receivable in the following semester of its application.
1. Prepare the production programme (Appendix 1)
2. Complete the Cash Budget, calculating the missing values^{1} (Appendix 2)
3. Prepare the Financial Budget (Appendix 4), considering that the correct Cash Balances would be (-350€) in the 1st semester and (+19.750 €) in the 2nd semester.
4. Determine the value to record in the Forecasted Profit and Loss Statement, regarding Financial Expenses (Appendix 5);
5. Determine the value to record in the forecasted Balance Sheet, regarding the Finished Product Stocks (Appendix 5A);
^{1}^{ }Note: Calculations resulting from the difference in the totals of cash receipts and payments are not considered as correct answers
(Estimated solving time: 50 minutes)
The annual budget of company INCUNABULA for year N shows the following data:
a) Departments’ cost budget (values in euros)
S1 | S2 | S3 | FPW | |
1. Direct Costs | ||||
Variable | 36.000 | 120.000 | – | 50.000 |
Fixed | 62.400 | 189.600 | 72.000 | 10.000 |
2. Reallocations | ||||
S3 | – | – | ||
3. Total Cost | 72.000 | 60.000 | ||
Departments’ activity | 24.000 Lh | 48.000 mh | (*) | (**) |
(*) The costs of department S3 are charged at the proportions of 40% to S1 and 60% to S2.
(**) The costs of the FPW are charged to the production of products X and Y.
b) Forecasted annual production and sales
Product X | Product Y | By product S | |
Production | 10.000 ton | 12.000 ton | 1.200 ton |
Sales | 7.000 ton at 38 €/ton | 10.000 ton at 62 €/ton | 700 ton at 10 €/ton |
The company forecasts that the sales of X and Y will be regular throughout each semester. The company also estimated that 60% of the annual sales for these two products will in occur the 1st semester. As for the sales of by-product S, the company forecasts that they will be regular throughout the year.
c) Forecasted purchases of M1 and M2
Material M1 | Material M2 | |
Purchases | 15.000 ton at 10 €/ton | 17.000 ton at 12 €/ton |
d) Other information:
§ By-product S results from the production of Y, and is sold with no further costs;
§ Material M1 is used for the production of X, and the company forecasts a unitary consumption of 1,4 ton of M1 for each ton of X..
§ Material M2 is used for the production of Y, and the company forecasts a unitary consumption of 1,5 ton of M2 for each ton of Y.
§ Department S1 works for the production of X and department S2 works for the production of Y.4
S1 | S2 | S3 | FPW | |
1. Direct Costs | ||||
Variable | 3.696 | 7.520 | – | 4500 |
Fixed | 7.209 | 10.680 | 6.500 | 800 |
2. Activity | 2.310 Lh | 3.200 mh | – | – |
§ Product X: 700 ton.
§ Product Y: 800 ton.
§ By-product S: 80 ton.
Note: The production is equal to sales.
The selling prices of in May were: 40 €/ton for product X, 65 €/ton for product Y and 12 €/ton for the by-product S.
Material M1 | Material M2 | |
Purchases | 1.200 ton at 10,5 €/ton | 1.400 ton at 11,5 €/ton |
Unitary consumption | 1,5 ton | 1,35 ton |
Knowing that the company adopts the budgeted full absorption costing system, and considering the month of May of year N:
a) Determine the unitary cost (working/allocation unit) of the month, for each department (Appendix 6);
b) Prepare the production cost of the month map (Appendix 7);
c) Determine and analyze the variance for department S1 (Appendix 8);
d) Analyze and comment on the production cost variance of product X (Appendix 9);
e) Comment and justify the determination method of the production cost variance, if the company used the Industrial Basic Costing in the calculation of the Cost of Goods Manufactured of the products (Appendix 10);
f) Determine and analyze the purchases variance of material M1 (Appendix 11);
g) Describe the impact in the Annual budget if the costs of the Finished Product Warehouse (FPW) were charged to the sales of product X and Y (Appendix 11A).
(Estimated solving time: 30 minutes)
Characterize the process of Budgetary Management and comment on the main criticisms over this management tool (Appendix 12).
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