快速查题-ACCA英国注册会计师试题

Give five possible sources of information from which a standard materials price may be estimated.

Explain what is meant by a cost variance?

What would an adverse materials price variance and a favourable materials usage variance indicate and what might this be caused by?

 Mr. Green makes salads. The standard plate of salad has 30 g of lettuce (L), 50 g of peppers (P) and 80 g of beetroot (B). The standard prices of the three ingredients are $0.2/kg, 0.4/kg and 0.8/kg respectively. 

Mr. Green has been experimenting and so in July he changed the mix of vegetables on the plate thus: 1,500 plates contained 62,000 grams of lettuce, 81,000 grams of peppers and 102,000 grams of beetroot. 

What is the yield variance (do not round your answer)? 

A company has a process in which the standard mix for producing 9 litres of output is as follows:   

                                                                                               $ 

4.0 litres of D at $9 per litre                                         36.00 

3.5 litres of E at $5 per litre                                         17.50 

2.5 litres of F at $2 per litre                                            5.00 

Total                                                                                  58.50 

A standard loss of 10% of inputs is expected to occur. The actual inputs for the latest period were:   

                                                                                              $ 

4,300 litres of D at $9.00 per litre                             38,700 

3,600 litres of E at $5.50 per litre                             19,800 

2,100 litres of F at $2.20 per litre                               4,620 

Total                                                                              63,120 

Actual output for this period was 9,100 litres.  

What is the total materials mix variance? 

 Jones’ monthly absorption costing variance analysis report includes a sales mix variance, which indicates the effect on profit of actual sales mix differing from the budgeted sales mix.  The following data are available. 

What is the favourable sales mix variance for July? 

 You have been provided with the following information relating to three products: 

                                                                            Product X                       Product Y                   Product Z  

Demand (units)                                                  1,000                                2,000                        3,000  

Selling price                                                          $15                                    $20                           $30  

Profit per unit                                                          $2                                       $5                             $2  

Actual sales for the year showed the following results.  

                                                                            Product X                     Product Y                      Product Z  

Units sold                                                            1,100                              2,050                             2,800  

Sales value                                                      $17,050                         $38,950                         $86,800  

Profit                                                                     $3,080                         $10,455                           $6,160 

What is the sales quantity variance?  

 If closing inventories of raw materials are valued at standard cost, the material price variance is calculated on material purchases in the period. 

The sales volume variance is valued at the standard selling price per unit. 

The total yield variance in quantity is zero.