快速查题-ACCA英国注册会计师试题

You are currently employed as a Management Accountant in an insurance company. You are contemplating starting your own business. In considering whether or not to start your own business, what would your current salary level be?

In decision making, costs which need to be considered are said to be relevant costs. Which of the following are characteristics associated with relevant costs?(i) Future costs(ii) Unavoidable costs(iii) Incremental costs(iv) Differential costs

A machine owned by a company has been idle for some months but could now be used on a one year contract which is under consideration. The net book value of the machine is $1,000. If not used on this contract, the machine could be sold now for a net amount of $1,200. After use on the contract, the machine would have no saleable value and the cost of disposing of it in one year's time would be $800. What is the total relevant cost of the machine to the contract?

Which of the following would be part of the capital expenditure budget?(i) Purchase of a new factory premises(ii) Replacement of existing machinery(iii) Refurbishment of existing factory premises(iv) Purchases of raw materials

A building society adds interest monthly to investors' accounts even though interest rates are expressed in annual terms. The current rate of interest is 6% per annum.An investor deposits $1,000 on 1 January. How much interest will have been earned by 30 June?

A one-year investment yields a return of 15%. The cash returned from the investment, including principal and interest, is $2,070. What is the interest?

If a single sum of $12,000 is invested at 8% per annum with interest compounded quarterly, what is the amount to which the principal will have grown by the end of year three? (approximately)

A bank offers depositors a nominal 4% pa, with interest payable quarterly. What is the effective annual rate of interest?

 X plc intends to use relevant costs as the basis of the selling price for a special order: the printing of a brochure. The brochure requires a particular type of paper that is not regularly used by X plc although a limited amount is in X plc’s inventory which was left over from a previous job. The cost when X plc bought this paper last year was $15 per ream and there are 100 reams in inventory. The brochure requires 250 reams. The current market price of the paper is $26 per ream, and the resale value of the paper in inventory is $10 per ream. 

What is the relevant cost of the paper to be used in printing the brochure? 

 Jorioz Co makes joint products X and Y. $120,000 joint processing costs are incurred. 

At the split-off point, 10,000 units of X and 9,000 units of Y are produced, with selling prices of $1.20 for X and $1.50 for Y. 

The units of X could be processed further to make 8,000 units of product Z. The extra costs incurred in this process would be fixed costs of $1,600 and variable costs of $0.50 per unit of input. 

The selling price of Z would be $2.25. 

What would be the outcome if product X is further processed?