快速查题-ACCA英国注册会计师试题

When opening inventory was 8,500 litres and closing inventory was 6,750 litres, a firm had a profit of $62,100 using marginal costing.

Assuming that the fixed overhead absorption rate was $3 per litre, what would be the profit using absorption costing?

  $______

Which of the following relate to marginal costing and which to absorption costing?

                                                                                                                                 Marginal  costing           Absorption  costing

The cost of a product includes an allowance for fixed production costs.  

The cost of a product represents the additional cost of producing an extra unit.  

The following data are for questions 155 and 156

The budget for Bright's first month of trading, producing and selling boats was as follows:

                                                                   $000

Variable production cost of boats               45

Fixed production costs                               30

Production costs of 750 boats                   75

Closing inventory of 250 boats                 (25)

Production cost of 500 sold                       50

Variable selling costs                                 5

Fixed selling costs                                     25

                                                                  80

Profit                                                         10

Sales revenue                                           90

The budget has been produced using an absorption costing system.

Exp has compiled the following standard cost card for its main product.

Production costs                                           $

Fixed                                                          33.00

Variable                                                      45.10

Selling costs Fixed                                     64.00

Variable                                                      7.20

Profit                                                          14.70

Selling price                                               164.00

What would the closing inventory be valued at under an absorption costing system (to 2 decimal places)?

 What is the absorption costing profit for the month?

What overhead should be added to job number CC20 for the period?

In a process account, how are abnormal losses valued?

 The theory of constraints is an approach to production management, which aims to maximise sales revenue less: 

Throughput accounting policy is to hold zero inventories throughout all operations.