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P161-新东方在线职业题库

Which of the following is in the correct chronological sequence for purchase documents?

A

Purchase order - Invoice - Goods received note - Delivery note

B

Delivery note - Goods received note - Purchase order - Invoice

C

Purchase order - Delivery note - Goods received note - Invoice

D

Goods received note - Delivery note - Purchase order - Invoice

Which of the following describes a purchase order?

A

Issued by the purchasing department, sent to the supplier requesting materials

B

Issued by the stores department, sent to the purchasing department requesting materials

C

Received together with the materials and compared to the materials received

D

Issued by the production department, sent to the stores department requesting materials

When charging direct material cost to a job or process^ the details would be taken from which document?

A

Purchase requisition

B

Material requisition

C

Goods received note

D

Purchase order

The following relate to the management of raw materials:(i) Holding costs per unit of inventory would increase(ii) The economic order quantity would decrease(iii) Average inventory levels would increase(iv) Total ordering costs would decreaseWhich of the above would result from the introduction of buffer (safety) inventory?

A

(iii) only

B

(ii) and (iii) only

C

(ii), (iii) and (iv) only

D

(i), (ii), (iii) and (iv)

Which of the following is least relevant to the simple economic order quantity model for inventory?

A

Safety inventory

B

Annual demand

C

Holding costs

D

Ordering costs

The following documents are used in accounting for raw materials:(i) goods received note(ii) materials returned note(iii) materials requisition note(iv) delivery noteWhich of the documents may be used to record raw materials sent back to stores from production?

A

(i) and (ii)

B

(i) and (iv)

C

(ii) only

D

(ii) and (iii)

Which of the following documents should be checked before a purchase invoice is paid, to confirm that the price and quantities are correct?

A

Price check Quantity check

Purchase order Purchase order

B

Price check Quantity check

Goods received note Delivery note Goods

C

Price check Quantity check

Purchase invoice Goods received note

D

Price check Quantity check

Purchase order Goods received note

A manufacturing company uses 28,000 components at an even rate during the year. Each order placed with the supplier of the components is for 1,500 components, which is the economic order quantity. The company holds a buffer inventory of 700 components. The annual cost of holding one component in inventory is $B.

What is the total annual cost of holding inventory of the component?

$ O

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 ABC Company manufactures two products, Product Alpha and Product Beta. Both are produced in a very labour-intensive environment and use similar processes. Alpha and Beta differ by volume. Beta is a high-volume product, while Alpha is a low-volume product. Details of product inputs, outputs and the costs of activities are as follows:

Fixed overhead costs amount to a total of $420,000 and have been analysed as follows:

$

Volume-related 100,000

Purchasing related 145,000

Set-up related 175,000

Using a traditional method of overhead absorption based on labour hours, what is the overhead cost per unit for each unit of product Alpha?

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.

A company manufactures two products, C and D, for which the following information is available:

Product C Product D Total

Budgeted production (units) 1,000 4,000 5,000

Labour hours per unit/in total 8 10 48,000

Number of production runs required 13 15 28

Number of inspections during production 5 3 8

Total production set up costs $140,000

Total inspection costs $80,000

Other overhead costs $96,000

Other overhead costs are absorbed on the basis of labour hours per unit.

Using activity-based costing, what is the budgeted overhead cost per unit of product D?

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