快速查题-ACCA英国注册会计师试题

How is an overhead absorption rate calculated? 

Over-absorption means that the overheads charged to the cost of sales are greater than the overheads actually incurred.  

List as many possible bases of absorption (or 'overhead recovery rates') as you can think of. 

Using the information in, and the results of, the question on page 7, determine budgeted overhead absorption rates for each of the production departments using appropriate bases of absorption. 

The total production overhead expenditure of the company in the questions above was $176,533 and its actual activity was as follows.  

                                                                     Machine shop A                   Machine shop B                  Assembly 

Direct labour hours                                         8,200                                          6,500                             21,900 

Machine usage hours                                    7,300                                         18,700                                 –-- 

Required 

Using the information in and results of the previous questions, calculate the under- or over-absorption of overheads. 

The lASB's Conceptual Fram are these six characteristics?

Which one of the following is not a qualitative characteristic of financial information according to the Conceptual framework for Financial Reporting?

According to the IASB Conceptual framework which of the following is not an objective of financial statements?

Which of the following statements about accounting concepts and policies is/are correct?1 Companies should never change

the presentation or classification of items in their financial statements, even if there is a significant change in the nature of

operations.2 Companies should create provisions in times of company growth to be utilised in more difficulttimes, to smooth

profits