快速查题-ACCA英国注册会计师试题

In a decision about whether or not to sell a joint product at the split-off point or after further processing, joint costs are relevant. 

The following information relates to a bank reconciliation.

(i) The bank balance in the cashbook before taking the items below into account was $8,970 overdrawn.

(ii) Bank charges of $550 on the bank statement have not been entered in the cashbook.

(iii) The bank has credited the account in error with $425 which belongs to another customer.

(iv) Cheque payments totalling $3,275 have been entered in the cashbook but have not been presented for payment.

(v) Cheques totalling $5,380 have been correctly entered on the debit side of the cashbook but have not been paid in at the

bank.

What was the balance as shown by the bank statement before taking the above items into account?

 What are the relevant costs in a make or buy decision? 

The following bank reconciliation statement has been prepared by a trainee accountant:

BANK RECONCILIATION                                 30

SEPTEMBER 20X2                                           $

Balance per bank statement (overdrawn)      36,840

Add: lodgements credited after date              51,240

Less: unpresented cheques                           88,080

Balance per cash book (credit)                       43,620

                                                                       44,460

Assuming the amounts stated for items other than the cash book balance are correct, what should the cash book balance be?

A company wants to decide whether to make its materials in-house or whether to sub-contract production to an external supplier. In the past it has made four materials in-house, but demand in the next year will exceed in-house production capacity of 8,000 units. All four materials are made on the same machines and require the same machine time per unit: machine time is the limiting production factor. The following information is available. 

If a decision is made solely on the basis of short-term cost considerations, what materials should the company purchase externally? 

Listed below are some possible causes of difference between the cash book balance and the bank statement balance when

preparing a bank reconciliation：1 Cheque paid in, subsequently dishonoured2 Error by bank3 Bank charges4 Lodgements

credited after date5 Unpresented cheques not yet presentedWhich of these items require an entry in the cash book?

Jetson Co produces three products:  

Labour is restricted to 120,000 hours. In order to meet demand, Jetson is considering using a subcontractor to produce the products that cannot be produced in-house due to the restriction on labour hours. The subcontractor has prepared the following quote:  

George = $55 

Elroy = $66 

Jane = $82 

Calculate the number of units of George that will be manufactured in-house. 

In preparing a company's bank reconciliation statement at March 20X3, the following items are causing the difference between the cash book balance and the bank statement balance：1 Bank charges $3802 Error by bank $1,000 (cheque incorrectly

debited to the account)3 Lodgements not credited $4,5804 Unpresented cheques $1,4755 Direct debit $3506 Cheque paid in by the company and dishonoured $400Which of these items will require an entry in the cash book?

 Your company regularly uses material X and currently has in inventory 500 kg for which it paid $1,500 two weeks ago. If this were to be sold as raw material, it could be sold today for $2.00 per kg. You are aware that the material can be bought on the open market for $3.25 per kg, but it must be purchased in quantities of 1,000 kg. 

What is the relevant cost of 600 kg needed to be used in a job for a customer? 

The following bank reconciliation statement has been prepared by a trainee accountant:

Overdraft per bank statement             3,860

Less: unpresented cheques                9,160

Add: deposits credited after date        5,300

                                                           16,690

Cash at bank as calculated above     21,990

What should be the correct balance per the cash book?