快速查题-ACCA英国注册会计师试题

A company purchased 6,850 kgs of material at a total cost of $21,920. The material price variance was $1,370 favourable. What was the standard price per kg?

The following data relates to one of a company's products.

                                                  $ per unit                                 $ per unit

 Selling price                                                                                  27,00

Variable costs                               12.00

Fixed costs                                    9.00

                                                                                                      21.00

Profit                                                                                              6.00

Budgeted sales for control period 7 were 2,400 units, but actual sales were 2,550 units. The revenue earned from these sales was $67,320.

Profit reconciliation statements are drawn up using marginal costing principles. What sales variances would be included in such a statement for period 7?

Last month a company budgeted to sell 8,000 units at a price of $12.50 per unit. Actual sales lastmonth were 9,000 units giving a total sales revenue of $117,000. What was the sales price variance for last month?

A company uses variance analysis to control costs and revenues.

Information concerning sales is as follows：

Budgeted selling price               $15 per unit

Budgeted sales units                 10,000 units

Budgeted profit per unit             $5 per unit    

Actual sales revenue                 $ 151,500

Actual units sold                         9,800 units

What is the sales volume profit variance?

Which of the following statements is/are incorrect?

1 A Co owns 25% of the ordinary share capital of B Co, which means that B Co is an associate of A Co.

2 C Co can appoint 4 out of 6 directors to the board of D Co, which means that C Co has control over D Co.

3 E Co has the power to govern the financial and operating policies of F Co, which means that F Co is an associate of E Co.

4 G Co owns 19% of the share capital of H Co, but by agreement with the majority shareholder, has control over the financial and operating policies of H Co, so H Co is an associate of G Co.

 Clementine Co has owned 21% of the ordinary shares of Tangerine Co for several years. Clementine Co does not have any

investments in any other companies. How should the investment in Tangerine Co be reflected in the financial statements of

Clementine Co?

 Caroline has recently developed a new product. The nature of Caroline’s work is repetitive, and it is usual for there to be an 80% learning effect when a new product is developed. The time taken for the first unit was 22 minutes. An 80% learning effect applies. 

What is the time to be taken for the fourth unit in minutes? 

 Which of the following statements relating to parent companies and subsidiaries are correct?

1 A parent company could consolidate a company in which it holds less than 50% of the ordinary share capital in certain circumstances.

2 Goodwill on consolidation will appear as an item in the parent company's individual statement of financial position.

3 Consolidated financial statements ignore the legal form of the relationship between parents and subsidiaries and present the results and position of the group as if it was a single entity.

A company incurs the following costs at various activity levels: 

      Total cost                        Activity level

              $                                     units 

        250,000                              5,000 

        312,500                              7,500 

        400,000                            10,000 

Using the high-low method what is the variable cost per unit? 

P Co, the parent company of a group, owns shares in three other companies. P 0〇!3 holdings are：

Q Shares giving control of 60% of the voting rights in Q Co R Shares giving control of 20% of the voting rights in R Co. remove all the directors of R Co P Co also has the right to appoint orS Shares giving control of 10%of the voting rights in S Co,shares 

plus 90% of the non-voting preference

Which of these companies are subsidiaries of P Co?