快速查题-ACCA英国注册会计师试题

How can the constraint facing the Shaping Department be written as an inequality? 

 Fill in the blanks. 

The shadow price of a scarce resource indicates the amount by which contribution would ...............  if an organisation were deprived of one unit of the resource. The shadow price only applies while the extra unit of resource can be obtained at its .................  cost. 

 KP makes 2 products, the K and the P.  

                                                                  K                        P  

                                                                  $                         $ 

Selling price                                          160                    98 

Mat C                                                         20                      0 

Mat D                                                         20                    20 

Labour                                                      60                     40 

Fixed costs per unit                                15                     10 

Labour is in short supply and KP have only 21,000 hours available per month. Labour is paid $20 per hour. 

What is the maximum contribution they can earn in the month? 

Determine the optimal production plan for the four-week period ending 30 June 20X0, assuming that RAB is seeking to maximise the profit earned. You should use a linear programming graph, identify the feasible region and the optimal point and accurately calculate the maximum profit that could be earned using whichever equations you need. 

P & Co maintain a receivables ledger control account within the nominal ledger. At 30 November 20X0, the

total of the list of individual balances extracted from the receivables ledger was $15,800, which did not agree

with the balance on the receivables ledger control account. An examination of the books revealed the following

information, which can be used to reconcile the receivables ledger and the receivables ledger control account.

1 The credit balance of $420 in Ahmed's payables ledger account had been set off against his account in the receivable

ledger, but no entries had been made in the receivables and payables ledger control accounts.

2 The personal account of Mahmood was undercast by $90.

3 Yasmin's balance of (debit) $780 had been omitted from the list of balances.

4 Thomas' personal account balance of $240 had been removed from the receivables ledger as a bad

debt, but no entry had been made in the receivables ledger control account.

5 The January total of $8,900 in the sales daybook had been posted as $9,800.

6 A credit note to Charles for $1,000, plus sales tax of $300, had been posted to the receivables ledger

control account as $1,300 and to Charles' personal account as $1,000.

7 The total on the credit side of Edward's personal account had been overcast by $125.

Which of these items need to be corrected by journal entries in the nominal ledger?

 Explain the meaning of a shadow price and calculate the shadow price of qualified researcher time. 

P & Co maintain a receivables ledger control account within the nominal ledger. At 30 November 20X0, the

total of the list of individual balances extracted from the receivables ledger was $15,800, which did not agree

with the balance on the receivables ledger control account. An examination of the books revealed the following

information, which can be used to reconcile the receivables ledger and the receivables ledger control account.

1 The credit balance of $420 in Ahmed's payables ledger account had been set off against his account in the receivables

ledger, but no entries had been made in the receivables and payables ledger control accounts.

2 The personal account of Mahmood was undercast by $90.

3 Yasmin's balance of (debit) $780 had been omitted from the list of balances.

4 Thomas' personal account balance of $240 had been removed from the receivables ledger as a bad

debt, but no entry had been made in the receivables ledger control account.

5 The January total of $8,900 in the sales daybook had been posted as $9,800.

6 A credit note to Charles for $1,000, plus sales tax of $300, had been posted to the receivables ledger

control account as $1,300 and to Charles' personal account as $1,000.

7 The total on the credit side of Edward's personal account had been overcast by $125.

 Assuming that the closing balance on the receivables ledger control account should be $16,000, what is the opening

balance on the receivables ledger control account before the errors were corrected?

The balance on Jude Co’s payables ledger control account is $31,554. The accountant at Jude Co has discovered that she

has not recorded:A settlement discount of $53 received from a supplier; and A supplier’s invoice for $622.What amount should be reported for payables on Jude Co’s statement of financial position?

The accountant at Borris Co has prepared the following reconciliation between the balance on the trade payables ledger

control account in the general ledger and the list of balances from the suppliers ledger：

                                                                                                          $

Balance on general ledger control account                                    68,566

Credit balance omitted from list of balances from payables ledger  (127)

                                                                                                        68,439

Undercasting of purchases day book                                                  99

Total of list of balances                                                                   68,538

What balance should be reported on Borris Co’s statement of financial position for trade payables?