快速查题-ACCA英国注册会计师试题

The following information relates to labour costs for the past month:

Budget                 Labour rate                      $10 per hour

                            Production time                15,000 hours

                           Time per unit                     3 hours

                           Production units                5,000 units 

Actual                Wages paid                       $176,000

                          Production                         5,500 units 

                        Total hours worked             14,000 hours

There was no idle time.

What were the labour rate and efficiency variances? 

A manufacturing company operates a standard absorption costing system. Last month 25,000 production hours were budgeted and the budgeted fixed production overhead cost was $125,000. Last month the actual hours worked were 24,000 and the standard hours for actual production were 27,000.What was the fixed production overhead capacity variance for last month?

Which of the following statements are true?

(i)A favourable fixed overhead volume capacity variance occurs when actual hours of work are greater than budgeted hours of work

(ii)A labour force that produces5,000standard hours of work in 5,500 actual hours will give a favourable fixed overhead volume efficiency variance

A company uses process costing to value its output. The following was recorded for the period:

Input materials                  2,000 units at $4.50 per unit        

Conversion costs             13,340

Normal loss                      5% of input valued at $3 per unit

Actual loss                        150 units

There were no opening or closing inventories.What was the valuation of one unit of output to one decimal place?

Which of the following statements are true?(i) The fixed overhead volume capacity variance represents part of the over/under absorption of overheads(ii) A company works fewer hours than budgeted. This will result in an adverse fixed overhead volume capacity variance

The costs below relate to the month of June.

                                             Fixed budget                        Flexed budget                         Actual

                                              2,200 units                           2,000 units                          2,000 units

Total direct materials            $165,000                               $150,000                           $140,000

What was the total direct material variance?

The graph below shows the standard fixed overhead cost per unit, the total budgeted fixed overhead cost and the actual fixed overhead cost for the month of December. The actual number of units produced in June was 2,500 units.

A company currently uses a standard absorption costing system. The fixed overhead variances extracted from the operating statement for November are：Fixed production overhead expenditure variance Fixed production overhead capacity variance Fixed production overhead efficiency variancePQ Limited is considering using standard marginal costing as the basis for variance reporting in future. What variance for fixed production overhead would be shown in a marginal costing operating statement for November?

Which of the following situations is most likely to result in a favourable selling price variance?

A company uses a standard absorption costing system. The following details have been extracted from its budget for April.Fixed production overhead cost $48,000 Production (units) 4,800 In April the fixed production overhead cost was under absorbed by $8,000 and the fixed production overhead expenditure variance was $2,000 adverse.What was the actual number of units produced?