快速查题-ACCA英国注册会计师试题

With regard to the tests applied by the courts to determine whether a person is an employee or self-employed, which of the following describes the focus of the integration test? 

Which of the following individuals can be considered an employee? 

Which TWO of the following are consequences of being an employee rather than self-employed? 

(1) The person does not have protection from unfair dismissal 

(2) The employer is vicariously liable for the tortious acts of the employee performed in the course of employment  

(3) PAYE tax is deducted by the employer from the employee's salary  

(4) The person is a non-preferential creditor in the event of the liquidation of the employer 

The following details have been extracted from the receivables collection records of C Co.

Invoices paid in the month after sale                 60%

Invoices paid in the second month after sale     25%

Invoices paid in the third month after sale         12%

Bad debts                                                           3%

Invoices are issued on the last day of each month.

Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Credit sales values for June to September are budgeted as follows.

            June                 July                  August              September

           $35,000           $40,000             $60,000              $45,000

What is the amount budgeted to be received from credit sales in September?

BDL plc is currently preparing its cash budget for the year to 31 March 20X8. An extract from its sales budget for the same year shows the following sales values. 

                              $

March                60,000

April                   70,000

May                   55,000

June                  65,000

40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sale and take a2% discount; 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts.

What is the value of sales receipts to be shown in the cash budget for May 20X7?

An extract from a company's sales budget is as follows:

                                               $

October                             224,000

November                         390,000

December                         402,000

Ten per cent of sales are paid for immediately in cash. Of the credit customers, 30 per cent pay in the month following the sale and are entitled to a one per cent discount. The remaining customers pay two months after the sale is made.

What is the value of sales receipts shown in the company's cash budget for December?

Extracts from a company's budget are as follows:

                                                                                       August                       September

Production units                                                             12,600                            5,500

Fixed production overhead cost incurred                        $9,440                           $7,000

The standard variable production overhead cost per unit is $5. Variable production overhead is paid 70 per cent in the month incurred and 30 per cent in the following month.

Fixed production overhead cost is paid in the month following that in which it is incurred and includes depreciation of $2,280 per month.

What is the payment for total production overhead cost shown in the cash budget for September?

The following extract is taken from the production cost budget of S Co.

Production (units)               2,000             3,000

Production cost ($)             11,100           12,900

What is the budget cost allowance for an activity level of 4,000 units?

The following details have been extracted from the payables' records of X Co:

Invoices paid in the month of purchase                                        25%

Invoices paid in the first month after purchase                             70%

Invoices paid in the second month after purchase                        5%

Purchases for July to September are budgeted as follows:

July                       $250,000

August                  $300,000

September           $280,000

For suppliers paid in the month of purchase, a settlement discount of 5% is received. What is the amount budgeted to be paid to suppliers in September?

Which of the following control actions could be taken to help eliminate an adverse direct labour efficiency variance?

(i) Employ more highly skilled labour

(ii) Ensure stricter supervision of labour workers

(iii) Ask employees to work paid overtime