快速查题-ACCA英国注册会计师试题

 Which of the following best describes a ‘basic standard’ within the context of budgeting? 

The following statements have been made about budgets and standards:

(i) Budgets can be used in situations where output cannot be measured, but standards cannot be used in such situations. 

(ii) Budgets can include allowances for inefficiencies in operations, but standards use performance targets which are attainable under the most favourable conditions.

 (iii) Budgets are used for planning purposes, standards are used only for control purposes. 

Which of the above statements is/are true? 

The following statements relate to the materials mix variance: 

(i) A favourable total mix variance would suggest that a higher proportion of a cheaper material is being used instead of a more expensive one.

 (ii) A favourable total mix variance will usually result in a favourable material yield variance. 

Which of the above statements are true? 

 JC Ltd mixes three materials to produce a chemical SGR. The following extract from a standard cost card shows the materials to be used in producing 100 kg of chemical SGR: 

What is the total material mix variance? 

 A private company with a sole director is not legally required to have a company secretary, but if it does, the sole director cannot also be the company secretary. 

 Which of the following is not a recognised qualification that allows an individual to act as a company secretary? 

Different management accounting techniques can be used to account for environmental costs. 

One of these techniques involves analysing costs under three distinct categories: material, system, and delivery and disposal. 

What is this technique known as? 

 Which of the following are advantages of using Activity Based Costing for Environmental Management Accounting? 

 (i) Higher environmental costs can be reflected in higher prices.

 (ii) cost savings achieved through environmental policies can be measured. 

(iii) it is simple to determine the environmental costs and cost drivers.

 (iv) It considers all environmental effects of the company’s actions. 

 A company makes and sells product X and product Y. Twice as many units of product Y are made and sold as that of product X. Each unit of product X makes a contribution of $10 and each unit of product Y makes a contribution of $4. Fixed costs are $90,000. 

What is the total number of units which must be made and sold to make a profit of $45,000? 

 Betis Limited is considering changing the way it is structured by asking its employed staff to become freelance.  Employees are currently paid a fixed salary of $240,000 per annum, but would instead be paid $200 per working day.  On a typical working day, staff can produce 40 units. Other fixed costs are $400,000 pa.  

The selling price of a unit is $60 and material costs are $20 per unit. 

What will be the effect of the change on the breakeven point of the business and the level of operating risk?