篩選結(jié)果 共找出26

?Dust Co has two divisions, A and B. Each division is currently considering the following?separate projects:??

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Division A? ? ? ? ? ? ? ? ? ?Division B?

Capital required for the project? ? ? ? ? ? ? ? ? ? $32.6 million? ? ? ? ? ? ?$22.2 million?

Sales generated by the project? ? ? ? ? ? ? ? ? ? $14.4 million? ? ? ? ? ? ? ?$8.8 million?

Operating profit margin? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?30%? ? ? ? ? ? ? ? ? ? ? ? ? ? ?24%?

Cost of capital? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?10%? ? ? ? ? ? ? ? ? ? ? ? ? ? ?10%?

Current return on investment of division? ? ? ? ? ? 15%? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?9%?

If residual income is used as the basis for the investment decision, which division(s)?would choose to invest in the project??

A

?Division A only?

B

?Division B only?

C

?Both Division A and Division B?

D

?Neither Division A neither Division B?

?Oxco has two divisions, A and B. Division A makes a component for air conditioning units?which it can only sell to Division B. It has no other outlet for sales.?

Current information relating to Division A is as follows:?

Marginal cost per unit? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $100?

Transfer price of the component? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$165?

Total production and sales of the component each year? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 2,200 units?

Specific fixed costs of Division A per year? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$10,000?

Cold Co has offered to sell the component to Division B for $140 per unit.

If Division B?accepts this offer, Division A will be shut.?If Division B accepts Cold Co’s offer, what will be the impact on profits per year for the?group as a whole??

A

?Increase of $65,000?

B

?Decrease of $78,000?

C

?Decrease of $88,000?

D

?Increase of $55,000?

?Summary financial statements are given below for JE, the division of a large divisionalised?company:?



The cost of capital for the division is estimated at 11% each year. The annual rate of interest?on the long-term loans is 9%. All decisions concerning the division’s capital structure are?taken by central management.?

What is the divisional residual income (RI) for the year ended 31 December??

A

?–$84?

B

?$180?

C

?$236?

D

?$284?

?Perrin Co has two divisions, A and B.?

Division A has limited skilled labour and is operating at full capacity making product Y. It has?been asked to supply a different product, X, to division B. Division B currently sources this?product externally for $700 per unit.?

The same grade of materials and labour is used in both products. The cost cards for each?product are shown below:?

Product? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Y? ? ? ? ? ? ? ? ? ? ? ? X?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?($)/unit? ? ? ? ? ? ? ($)/unit?

Selling price? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 600? ? ? ? ? ? ? ? ? ? ?–?

Direct materials ($50 per kg)? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?200? ? ? ? ? ? ? ? ? 150?

Direct labour ($20 per hour)? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?80? ? ? ? ? ? ? ? ??120?

Apportioned fixed overheads ($15 per hour)? ? ? ? ? ? ? ? ? ? ? ? ? ?60? ? ? ? ? ? ? ? ? ? 90?

Using an opportunity cost approach to transfer pricing, what is the minimum transfer?price??

A

?$270?

B

?$750?

C

?$590?

D

?$840?

Fill in the blanks.?

?Ideally, a transfer price should be set that enables the individual divisions to maximise their profits at a?level of output that maximises ……………………. .?

?The transfer price which achieves this is unlikely to be a ……………….. transfer price or a?……………. transfer price.??

?If optimum decisions are to be taken, transfer prices should reflect …………………. .?

There are two profit centres, A and B. Profit centre A transfers a product to profit centre B, but?could also sell the product in an external market at a price of $30. The marginal cost of making the?product in profit centre A is $8 per unit and the full cost is $14 per unit. There would be a variable?cost of $1 per unit for sales and distribution to customers in the external market, but no such costs?for internal transfers.?

To avoid disputes between the profit centre managers, what should be the transfer price for the?product??

$ _______

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24

【論述題】

Compare and contrast the use of residual income and return on investment in divisionalperformance measurement, stating the advantages and disadvantages of each.?

?Division Y of Chardonnay currently has capital employed of $100,000 and earns an annual profit?after depreciation of $18,000. The divisional manager is considering an investment of $10,000 in?an asset which will have a ten-year life with no residual value and will earn a constant annual profit?after depreciation of $1,600. The cost of capital is 15%.?

Calculate the following and comment on the results.?

(i) The return on divisional investment before and after the new investment?

(ii) The divisional residual income before and after the new investment?

?Explain the potential benefits of operating a transfer pricing system within a divisionalised?company.?

?Division B of a company makes units which are then transferred to other divisions. The?division has no spare capacity. The following statements have been made regarding the?minimum transfer price that will encourage the divisional manager of B to transfer units to?other divisions:?

(1) Any price above variable cost will generate a positive contribution, and will therefore?be accepted.?

(2) The division will need to give up a unit sold externally in order to make a transfer;?this is only worthwhile if the income of a transfer is greater than the net income of an?external sale.?

Which of the above statement(s) is/are true??

A

?(1) only?

B

?(2) only?

C

?Neither (1) nor (2)?

D

?Both (1) and (2)?