快速查题-ACCA英国注册会计师试题

TIM produces and sells two products, the MK and the KL. The organisation expects to sell 1 MK for every 2 KLs and have monthly sales revenue of $150,000. The MK has a C/S ratio of 20% whereas the KL has a C/S ratio of 40%. Budgeted monthly fixed costs are $30,000.  

Required 

What is the budgeted breakeven sales revenue? 

Refer back to the information in the paragraph following Question: C/S ratio for multiple products. 

Suppose the organisation in question has fixed costs of $100,000, and wishes to earn total contribution of $200,000. 

Required 

What level of revenue must be achieved? 

Sutton produces four products. Relevant data is shown below for period 2.

                                                                           Product M                  Product A                  Product R                Product P 

C/S ratio                                                                 5%                             10%                             15%                        20% 

Maximum sales value                                     $200,000                  $120,000                    $200,000               $180,000 

Minimum sales value                                        $50,000                     $50,000                      $20,000                  $10,000 

The fixed costs for period 2 are budgeted at $60,000. 

Required 

Fill in the blank in the sentence below. 

The lowest breakeven sales value, subject to meeting the minimum sales value constraints, is $........….. 

 Fill in the blanks.  

Breakeven point in units for a multi-product organisation = Total fixed costs divided by ___________ .  

Breakeven point in sales revenue for a multi-product organisation = Total fixed costs divided by _________. 

 Fill in the blanks. 

​​​​​​​

 Mark the following on the breakeven chart below.

 • Profit                                             • Variable costs

 • Sales revenue                            • Fixed costs

 • Total costs                                   • Breakeven point

 • Margin of safety 

​​​​​​​

Wanda Co allows customers to return faulty goods within 14 days of purchase. At 30 November 20X5 a provision of $6,548

was made for sales returns. At 30 November 20X6, the provision was re-calculated and should now be $7,634

What should be reported in Wanda Co's statement of profit or loss for the year to 31 October 20X6 in respect of the

provision?

Doggard Co is a business that sells second hand cars. If a car develops a fault within 30 days of the sale, Doggard Co will

repair it free of charge.At 30 April 20X4 Doggard Co had made a provision for repairs of $2,500. At 30 April 20X5 Doggard

Co calculated that the provision should be $2,000.What entry should be made for the provision in Doggard Co's statement of

profit or loss for the year to 30 April 20X5?

Which of the following best describes a provision according to IAS 37 Provisions, contingent liabilities and contingent assets?

Which of the following items does the statement below describe?

“A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or

non-occurrence of one or more uncertain future events not wholly within the entity's control”