快速查题-ACCA英国注册会计师试题

X department is a division of W Plc. X department usually has a quarterly wages cost of $4,500,000. Quarterly material costs are usually around $2,000,000. W Plc made a central decision to award all employees a wages increase of 2%.Which of the following variances for the latest quarter are worth investigating?(i) Direct material price variance $400 (A)(ii) Labour rate variance $90,000 (A)(iii) Sales volume variance $4,000,000 (F)

Which one of the following would be an error of principle?

 What is an error of commission?

Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, what is the error known as？

A business statement of profit or loss and other comprehensive income for the year ended 31 December 20X4 showed a net

profit of $83,600. It was later found that $18,000 paid for the purchase of a motor van had been debited to motor expenses

account. It is the company's policy to depreciate motor vans at 25 per cent per year, with a full year's charge in the year of

acquisition.What would the net profit be after adjusting for this error?

Where a transaction is entered into the correct ledger accounts, but the wrong amount is used, what is the error known as?

Budgeted production in a factory for next period is 4,800 units. Each unit requires five labour hours to make. Labour is paid $10 per hour. Idle time represents 20% of the total labour time.What is the budgeted total labour cost for the next period?

Which of the following statements are true? (i) A flexed budget allows businesses to evaluate a manager's performance more fairly (ii) A fixed budget is useful for defining the broad objectives of the organisation (iii) Relying on fixed budgets alone would usually give rise to massive variances

A Local Authority is preparing a cash budget for its refuse disposal department. Which of the following items would NOT be included in the cash budget?

 When is a market penetration pricing policy appropriate?