ACCA英国注册会计师试题及答案_ACCA英国注册会计师考试练习题P127-新东方在线职业题库

Which of the following statements in relation to damages for breach of contract is correct?

A

In order to claim damages an innocent party is required to take reasonable steps to mitigate their losses

B

Damages are not payable in relation to mental distress

C

Damages to rectify a defect are still payable even if they are wholly disproportionate to the size of the breach

D

Damages in the form of a penalty clause are valid and enforceable

Which of the following statements is NOT a lawful excuse for failing to perform contractual obligations?

A

Actual performance is impossible

B

Both parties agreed to non-performance

C

Performing the contract will cause the party concerned financial hardship

At which point does anticipatory breach of contract occur?

A

At the time performance is due

B

Before the time performance is due

C

After the time performance is due

Which of the following correctly describes the type of repudiatory breach known as renunciation?

A

One party states that they have no intention to perform their obligations

B

One party prevents themselves from performing their obligations

C

One party is prevented from performing their obligations by external circumstances

A new product is being developed. The development will take one year and the product is expected to have a life cycle of two years before it is replaced.Which of the following statements are true of life cycle costing?Statement 1 It is useful for assessing whether new products have been successful.Statement 2 The individual profitability for products is less accurate.

A

Both statements are true

B

Both statements are false

C

Statement 1 is true and statement 2 is false

D

Statement 2 is true and statement 1 is false

A chain of coffee shops has implemented a Total Quality Management system to ensure high quality and consistency across all outlets. As part of the scheme, the chain offers a free replacement drink to any customer not completely satisfied with their purchase. Which of the following BEST describes the cost of providing replacement drinks?

A

An external failure cost

B

An internal failure cost

C

A prevention cost

D

An appraisal cost

Which costing method is based around a calculation involving a desired profit margin and a competitive market price?

A

Activity Based Costing

B

Total Quality Management

C

Target costing

D

Life cycle costing

Which ONE of the following is an advantage of Activity Based Costing?

A

It provides more accurate product costs

B

It is simple to apply

C

It is a form of marginal costing and so is relevant to decision making

D

It is particularly useful when fixed overheads are very low

In the context of quality costs, what would customer compensation costs and test equipment running costs be classified as?

A

Customer compensation costs Test equipment running costs

Internal failure costs Prevention costs

B

Customer compensation costs Test equipment running costs

Internal failure costs Appraisal costs

C

Customer compensation costs Test equipment running costs

External failure costs Appraisal costs

D

Customer compensation costs Test equipment running costs

External failure costs Prevention costs

The selling price of product K is set at $450 for each unit and the company requires a return of 20% from the product.

What is the target cost for each unit for the coming year?

A

$300

B

$360

C

$400

D

$450

快速查题-ACCA英国注册会计师试题