快速查题-ACCA英国注册会计师试题

 In which TWO of the following situations will an agent be liable on a contract? 

(1) Where it is usual business practice for the agent to be liable  

(2) Where the agent acts on their own behalf even though they purport to be acting for the principal 

 (3) Where the principal intends for the agent to take personal liability 

 (4) Where the third party agrees with the principal that the agent will be liable 

 In the context of the law of agency, an agent will NOT be liable for a contract in which of the following instances? 

 The Employment Rights Act (ERA) 1996 sets out remedies in relation to unfair dismissal. 

Which of the following is NOT a potential remedy for unfair dismissal under the ERA 1996? 

Which of the following is a condition that must be met in order for a principal to ratify the actions of an agent? 

A company manufactures a carbonated drink, which is sold in 1 litre bottles. During the bottling process there is a 20% loss of liquid input due to spillage and evaporation. What is the standard usage of liquid per bottle?

Which of the following best describes management by exception?

Standard costing provides which of the following?

(i) Targets and measures of performance

(ii) Information for budgeting

(iii) Simplification of inventory control systems

(iv) Actual future costs

A unit of product L requires 9 active labour hours for completion. The performance standard for product L allows for ten per cent of total labour time to be idle, due to machine downtime. The standard wage rate is $9 per hour. What is the standard labour cost per unit of product L?

A company manufactures a single product L, for which the standard material cost is as follows.

                                                        $ per unit

Material 14 kg x $3                               42

During July, 800 units of L were manufactured, 12,000 kg of material were purchased for $33,600, of which 11,500 kg were issued to production.

SM Co values all inventory at standard cost.

What are the material price and usage variances for July?

Extracts from a company's records from last period are as follows.

                                                                                      Budget                    ActuaI

Production                                                                  1,925 units               2,070 units

Variable production overhead cost                             $11,550                   $14,904

Labour hours worked                                                 5,775                        8,280

What are the variable production overhead variances for last period?