快速查题-ACCA英国注册会计师试题

Last month, when a company had an opening inventory of 16,500 units and a closing inventory of 18,000 units, the profit using absorption costing was $40,000. The fixed production overhead rate was $10 per unit.What would the profit for last month have been using marginal costing?

Last month a manufacturing company's profit was $2,000, calculated using absorption costing principles. If marginal costing principles has been used, a loss of $3,000 would have occurred. The company's fixed production cost is $2 per unit. Sales last month were 10,000 units. What was last month's production (in units)?

HMF Co produces a single product. The budgeted fixed production overheads for the period are $500,000. The budgeted output for the period is 2,500 units. Opening inventory at the start of the period consisted of 900 units and closing inventory at the end of the period consisted of 300 units. If absorption costing principles were applied, the profit for the period compared to the marginal costing profit would be which of the following?

The following question is taken from the June 2013 exam paper.

A company has the following budgeted costs and revenues:

                                                         $ per unit

Sales price                                            50

Variable production cost                       18

Fixed production cost                            10

In the most recent period, 2,000 units were produced and 1,000 units were sold. Actual sales price, variable production cost per unit and total fixed production costs were all as budgeted. Fixed production costs were over-absorbed by $4,000. There was no opening inventory for the period.

What would be the reduction in profit for the period if the company has used marginal costing rather than absorption costing?

Which of the following costing methods is most likely to be used by a company involved in the manufacture of liquid soap?

PQR sells one product. The cost card for that product is given below:

                                                                                      $

Direct materials                                                             4

Direct labour                                                                  5

Variable production overhead                                       3

Fixed production overhead                                            2

Variable selling cost                                                      3

The selling price per unit is $20. Budgeted fixed overheads are based on budgeted production of 1,000 units. Opening inventory was 200 units and closing inventory was 150 units. Sales during the period were 800 units and actual fixed overheads incurred were $1,500.

What was the total contribution earned during the period?

E operates a marginal costing system. For the forthcoming year, variable costs are budgeted to be 60% of sales value and fixed costs are budgeted to be 10% of sales value.

If E were to increase the selling price by 10% and all other costs and production and sales volumes were to remain the same what would be the effect on E#s contribution?

A company produces and sells a single product whose variable cost is $6 per unit.

Fixed costs have been absorbed over the normal level of activity of 200,000 units and have been calculated as $2 per unit.

The current selling price is $10 per unit.

How much profit is made under marginal costing if the company sells 250,000 units?

A company had opening inventory of 48,500 units and closing inventory of 45,500 units. Profits based on marginal costing were $315,250 and on absorption costing were $288,250. What is the fixed overhead absorption rate per unit?

Which of the following are acceptable bases for absorbing production overheads? (i) Direct labour hours(ii) Machine hours(iii) As a percentage of the prime cost(iv) Per unit