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P144-新东方在线职业题库

The following information is available for a single product:

Units produced 500

Time taken 200 hours

Maximum time available 200 hours

Materials purchased 1,000 kg costing $3,000

Materials used 800 kg

Labour costs $2,000

Overheads $1,500

Sales $9,000

What is the throughput accounting ratio for this product?

A

0

B

1.00

C

1.50

D

1.70

The carrying amount of a company's non-current assets was $200,000 at 1 August 20X0.

During the year ended 31 July20X1, the company sold non-current assets for $25,000 on which it made a loss of $5,000.

The depreciation charge for theyear was $20,000.

What was the carrying amount of noncurrent assets at 31 July 20X1?

A

$150,000

B

$155,000

C

$160,000

D

$180,000

Which of the following statements regarding intention to create legal relations is correct?

A

Social arrangements are generally intended to be legally binding

B

Commercial arrangements are generally not intended to be legally binding

C

A contract will be legally binding if both parties intended it to be so

Which of the following indicates that the parties intend to be legally bound?

A

A letter of comfort

B

An agreement between a husband and wife to transfer property between them

C

An agreement 'binding in honour only'

Which of the following is a correct rule for valid consideration?

A

Consideration must pass from the promisee

B

Consideration must be adequate

C

Past consideration is generally valid consideration

D

Executory consideration is generally not valid consideration

Which of the following statements is true of consideration?

A

Past consideration is sufficient to create liability on a bill of exchange

B

Suffering some loss or detriment is not valid consideration

C

Consideration can be in the form of any act, even if that act is impossible to perform

D

Performance of an illegal act is valid consideration

Where a party accepts part payment for a debt, they may at a later date request payment of the amount outstanding unless the other party provided extra consideration when making the part payment.

Which TWO of the following are valid extra consideration for part payment of a debt?

(1) Payment in the form of goods rather than cash

(2) Payment by a third party rather than the debtor

(3) An intention by the debtor to be legally bound by the part payment

(4) A guarantee by the debtor to make the payment on the date agreed in the contract

A

1 and 2

B

1 and 4

C

2 and 3

D

2 and 4

Which of the following statements regarding consideration is correct?

A

Performance of an existing legal obligation is valid consideration for the promise of additional reward

B

Performance of an existing contractual duty is sufficient consideration for the promise of additional reward

C

Performance of an existing contractual duty to a third party is sufficient consideration for the promise of additional reward

D

Performance of an extra service in addition to an existing contractual duty is not sufficient consideration for the promise of additional reward

Which of the following statements concerning privity of contract is correct?

A

Privity of contract means only parties to a contract may sue on it

B

Privity of contract is not subject to regulation by statute

C

There are no exceptions to the rule of privity of contract

D

Privity of contract is only enforceable on commercial contracts

The Contracts (Rights of Third Parties) Act 1999 sets out the circumstances where a third party has a right to enforce rights they may have under a contract.

Which of the following statements concerning the Contracts (Rights of Third Parties) Act 1999 is correct?

A

The third party need not be expressly identified in the contract

B

The third party need not be in existence when the contract was formed

C

The Act confers rights to third parties under a company's constitution

D

The Act confers rights to third parties under employment contracts

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