快速查题-ACCA英国注册会计师试题

 This question appeared in the June 2015 exam. 

The following statements have been made in relation to the concepts outlined in throughput accounting: 

(1) Inventory levels should be kept to a minimum 

(2) All machines within a factory should be 100% efficient, with no idle time 

Which of the above statements is/are correct? 

 This question appeared in the June 2015 exam. 

X Co uses a throughput accounting system. Details of product A, per unit, are as follows: 

Selling price                                          $320 

Material costs                                          $80 

Conversion costs                                   $60 

Time on bottleneck resource         6 minutes 

What is the return per hour for product A? 

 The following data relate to a manufacturing company. At the beginning of August there was no inventory. During August 2,000 units of product X were produced, but only 1,750 units were sold. The financial data for product X August were as follows:  

The value of inventory of X at 31 August using a throughput accounting approach is: 

This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Skye Limited has a two process environment, and details of these processes are as follows: 

Process P: Each machine produces 6 units an hour and Skye has 8 machines working at 90% capacity. 

Process Q: Each machine produces 9 units per hour and Skye has 6 machines working at 85% capacity. 

One of Skye products is Cloud. Cloud is not particularly popular but does sell at a selling price of $20 although discounts of 15% apply.  Material costs are $5 and direct labour costs are double the material cost.  Cloud spends 0.2 hours in process P but 0.3 hours in process Q.

 What is Cloud’s throughput per hour in its bottleneck process? 

Which one of the following assets may be classified as a non-current asset in the financial statements of a business?

Which of the following items should be included in current assets?

(i) Assets which are not intended to be converted into cash

(ii) Assets which will be converted into cash in the long term

(iii) Assets which will be converted into cash in the near future

Which of the following statements describes current assets?

Gamma purchases a motor vehicle on 30 September 20X1 for $15,000 on credit. Gamma has a policy of depreciating

motorvehicles using the reducing balance method at 15% per annum, pro rata in the years of purchase and sale.

What are the correct ledger entries to record the purchase of the vehicle at 30 September 20X1 and what is the

depreciationcharge for the year ended 30 November 20X1?Purchase of motor vehicle on 30.9.X1 Depreciation charge for

year ended 30.11.X1

Banjo Co purchased a building on 30 June 20X8 for $1,250,000. At acquisition, the useful life of the building was 50 years.

Depreciation is calculated on the straight-line basis. 10 years later, on 30 June 20Y8 when the carrying amount of the building was $1,000,000, the building was revalued to $1,600,000. Banjo Co has a policy of transferring the excess depreciation on

revaluation from the revaluation surplus to retained earnings.Assuming no further revaluations take place,

what is the balance on the revaluation surplus at 30 June 20Y9?

A non-current asset (cost $15,000, depreciation $10,000) is given in part exchange for a new asset costing $20,500.

The agreed trade-in value was $5,500. Which of the following will be included in the statement of profit or loss?