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P152-新东方在线职业题库

A company manufactures and sells a single product. For this month the budgeted fixed production overheads are $48,000, budgeted production is 12,000 units and budgeted sales are 11,720 units.The company currently uses absorption costing.If the company used marginal costing principles instead of absorption costing for this month, what would be the effect on the budgeted profit?

A

$1,120 higher

B

$1,120 lower

C

$3,920 higher

D

$3,920 lower

A company operates a standard marginal costing system. Last month its actual fixed overhead expenditure was 10% above budget resulting in a fixed overhead expenditure variance of $36,000.What was the actual expenditure on fixed overheads last month?

A

$324,000

B

$360,000

C

$396,000

D

$400,000

Which two of the following costs are likely to rise when just in time (JIT) manufacturing is introduced?

A

Set-up costs

B

Raw material handling costs

C

Raw material storage costs

D

Customer order costs

Which of the following strategies would be immediately acceptable methods to reduce an identified cost gap?

A

Reduce the desired margin without discussion with business owners

B

Reduce the predicted selling price

C

Source similar quality materials from another supplier at reduced cost

D

Increase the predicted selling price

Which of the following techniques is NOT relevant to target costing?

A

Value analysis

B

Variance analysis

C

Functional analysis

D

Activity analysis

The selling price of product Zigma is set to be $250 for each unit and sales for the coming year are expected to be 500 units. If the company requires a return of 15% in the coming year on its investment of $250,000 in product Zigma, the target cost for each unit for the coming year is

A

$145

B

$155

C

$165

D

$175

VC Co is a firm of opticians. It provides a range of services to the public, such as eye tests and contact lens consultations, and has a separate dispensary selling glasses and contact lenses. Patients book appointments with an optician in advance.

A standard appointment is 30 minutes long, during which an optician will assess the patient’s specific requirements and provide them with the eye care services they need. After the appointment, patients are offered the chance to buy contact lenses or glasses from the dispensary.

Which of the following describes a characteristic of the services provided by an optician at VC Co during a standard appointment?

A

Tangible

B

Homogeneous

C

Non-perishable

D

Simultaneous

S Company is a manufacturer of multiple products and uses target costing. It has been noted that Product P currently has a target cost gap and the company wishes to close this gap.

Which of the following may be used to close the target cost gap for product P?

A

Use overtime to complete work ahead of schedule

B

Substitute current raw materials with cheaper versions

C

Raise the selling price of P

D

Negotiate cheaper rent for S Company's premises

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.

The predicted selling price for a product has been set at $56 per unit. The desired mark-up on cost is 25% and the material cost for the product is estimated to be $16 before allowing for additional materials to allow for shrinkage of 20% (for every 10 kg of material going in only 8 kg comes out). If labour is the only other cost and 2 hours are needed what is the most the business can pay per hour if a cost gap is to be avoided?

The maximum rate per hour is

What might be effective ways of reducing the labour cost element in a product, in order to lower expected cost towards a target cost?

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