快速查题-ACCA英国注册会计师试题

The following details relate to three services provided by RST Company: 

All three services use the same type of direct labour which is paid $25 per hour. 

The fixed overheads are general fixed overheads that have been absorbed on the basis of machine hours. 

What are the most and least profitable uses of direct labour, a scarce resource? 

You are given the following information：

Receivables at 1 January 20X3                                                     $10,000

Receivables at 31 December 20X3                                                $9,000

Total receipts during 20X3 (including cash sales of $5,000)          $85,000

What is the figure for sales on credit during 20X3?

A linear programming model has been formulated for two products, X and Y. The objective function is depicted by the formula C = 5X + 6Y, where C = contribution, X = the number of product X to be produced and Y = the number of product Y to be produced. 

Each unit of X uses 2 kg of material Z and each unit of Y uses 3 kg of material Z. The standard cost of material Z is $2 per kg. The shadow price for material Z has been worked out and found to be $2.80 per kg. 

If an extra 20 kg of material Z becomes available at $2 per kg, what will the maximum increase in contribution be? 

A supplier sends you a statement showing a balance outstanding of $14,350. Your own records show a balance outstanding

of $14,500.

Which one of the following could be the reason for this difference?

 The shadow price of skilled labour for CBV is currently $8 per hour. 

 What does this mean? 

Your payables control account has a balance at 1 October 20X8 of $34,500 credit. During October, credit purchases were

$78,400, cash purchases were $2,400 and payments made to suppliers, excluding cash purchases, and after deducting

settlement discounts of $1,200, were $68,900. Purchase returns were $4,700.

What was the closing balance?

A receivables ledger control account had a closing balance of $8,500. It contained a contra to the payables ledger of $400, but this had been entered on the wrong side of the control account.

What should be the correct balance on the control account?

Which of the following items could appear on the credit side of a receivables ledger control account?

1 Cash received from customers

2 Irrecoverable debts written off

3 Increase in allowance for receivables

4 Discounts allowed5 Sales6 Credits for goods returned by customers7 Cash refunds to customers

An inexperienced bookkeeper has drawn up the following receivables ledger control account：

RECEIVABLES       LEDGER          CONTROL ACCOUNT

                                                         $                                                                                  $ 

Opening balance                             180,000                  Credit sales                                190,000

Cash from credit customers             228,000             Irrecoverable debts written off          1,500

Sales returns                                     8,000                 Contras against payables               2,400

Cash refunds to credit customers     3,300               Closing balance (balancing figure)   229,60

0Discount allowed                             4,200              

                                                         423,500                                                                    423,500

What should the closing balance be after correcting the errors made in preparing the account?

The payables ledger control account below contains a number of errors:

                           PAYABLES LEDGER CONTROL ACCOUNT

                                                                                     $                                                                            $

Opening balance (amounts owed to suppliers)         318,600               Purchases                                 1,268,600

Cash paid to suppliers                                               1,364,300           Contras against debit                  48,000

Purchases returns                                                      41,200                balances in                                 8,200

Refunds received from suppliers                                 2,700                receivables ledger                       402,000

                                                                                  $1,726,800         Discounts received                      $1,726,800

                                                                                                              Closing balance

All items relate to credit purchases.

What should the closing balance be when all the errors are corrected?