Akuntansi Biaya : Metode 3 Variance

Metode 3 Variance
FOH Actual					$  210,000
Budget FOH based on Actual hours						Spending Variance
FOH Variabel	29,500	x	$3	=	$    88,500		$  1,500	(UF)
FOH Fixed	30,000	x	$4	=	$  120,000
Total FOH					$  208,500
						Variable Efficiency Variance
Budget FOH Based on Standard hours							$     300	(UF)
FOH Variabel	29,400	x	$3	=	$    88,200
FOH Fixed	30,000	x	$4	=	$  120,000	Volume Variance
Total FOH					$  208,200		$  2,400	(UF)
FOH aplied	29,400	x	$7	=	$  205,800
			Total FOH Variance				$  4,200	(UF)

Latihan Soal Manajemen Keuangan 2

1. Cost of equity

Isabelle Thomas and Son, Inc. just paid the annual dividend on their common stock in the amount of $1.20 per share. The company expects to maintain a constant 3% rate of growth in their dividend payments. Currently, the stock is selling for $20.40 a share. What is the cost of equity for Isabelle Thomas and Son, Inc.?

2. Cost of equity

The Curtis Plane Co. has paid $1.10, $.90, $.83 and $.75 in annual dividends over the past four years, starting with the latest year first. This year the company is paying a dividend of $1.22 a share. What is the average growth rate of the dividends?

3. Cost of equity

The stock of Neal & Co. has a beta of 1.40. The risk-free rate of return is 3.5% and the risk premium is 8%. What is the expected rate of return on Neal & Co. stock?

4. Cost of debt

Four years ago, JE, Inc. issued twenty-year bonds that have a face value of $1,000 per bond and pay interest semi-annually. These bonds currently sell for $1,012.30 and have a 9% coupon. What is the pre-tax cost of debt?

5. Cost of debt

The pre-tax cost of debt for Morrison and Sons is 8.78%. The tax rate is 35%. What is the after-tax cost of debt for Morrison and Sons?

6. Portfolio weights

Wilson and Ruth, Inc. has 720,000 shares of common stock outstanding at a market price of $32.10 per share. They also have 50,000 shares of preferred stock outstanding at a price of $45 a share. The company has 20,000 bonds outstanding that are currently selling at 98% of face value and mature in 9 years. The bonds carry a 6% coupon and pay interest annually. The bonds have a face value of $1,000. The tax rate is 34%. What are the portfolio weights that should be used in computing the weighted average cost of capital?

7. Weighted average cost of capital

A firm has a debt-equity ratio of .45 and a tax rate of 34%. The cost of equity is 9.4% and the pre-tax cost of debt is 8%. What is the weighted average cost of capital?

8. Weighted average cost of capital

Merilee, Inc. maintains a capital structure of 40% equity, 15% preferred stock and 45% debt. The cost of equity is 12% and the cost of preferred is 9%. The pre-tax cost of debt is 8%. The tax rate is 35%. What is the weighted average cost of capital?

9. Flotation costs

Your company maintains a debt/equity ratio of .60. The flotation cost for new equity is 12% and for debt it is 6%. The firm is considering a new project which will require $5 million in external funding. What is the initial cost of the project including the flotation costs?

Akuntansi Biaya : LABOR STANDARD AND VARIANCE

LABOR STANDARD AND VARIANCE
Standard Hours		0.333333	DLH per Unit
Standard Labor Rate		12	per DLH
Actual Rate		12.5	per DLH
Actually Work Hours		1632	DLH
Produksi		4512	unit
Labor Rate Variance  =
		(Act. Rate - Std. Rate) x  Act. Hours
	(	12.5	-	12	)  x	1632	DLH =	816	Un Fav
Labor Efficiency Variance =
		(Act. Hours - Std. Hours) x  Std. Rate
	(	1632	-	1504	)  x	12	=	1536	Un Fav