快速查题-ACCA英国注册会计师试题

What is the correct description of perpetual inventory?

What would be the double entry for an issue of indirect production materials?

Which of the following will be completed by a production department requiring new materials to be obtained from suppliers?

Which of the following procedures are carried out to minimise losses from inventory?(i) use of standard costs for purchases(ii) restricted access to stores(iii) regular stocktaking

What is the economic batch quantity used to establish?Optima

A company determines its order quantity for a raw material by using the Economic Order Quantity (EOQ) model.What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?

Data relating to a particular stores item are as follows: 

Average daily usage                                                                400 units

Maximum daily usage                                                              520 units

Minimum daily usage                                                               180 units

Lead time for replenishment of inventory 10 to 15 days 

Reorder quantity                                                                     8,000 units

What is the reorder level (in units) which avoids stockouts (running out of inventory)?

The material stores control account for a company for March looks like this：

MATERIAL STORES CONTROL ACCOUNT 

                                  $                                                                                $

Balance b/d           12,000               Work in progress                            40,000

Suppliers              49,000                Overhead control                           12,000

Work in progress  18,000                 Balance c/d                                    27,000 

                              79,000                                                                        79,000

Balance b/d            27,000

Which of the following statements are correct?

(i) Issues of direct materials during March were $18,000

(ii) Issues of direct materials during March were $40,000

(iii) Issues of indirect materials during March were $12,000

(iv) Purchases of materials during March were $49,000

A manufacturing company uses 25,000 components at an even rate during a year. Each order placed with the supplier of the components is for 2,000 components, which is the economic order quantity.The company holds a buffer inventory of 500 components. The annual cost of holding one component in inventory is $2.What is the total annual cost of holding inventory of the component?

For a particular component, the re-order quantity is 6,000 units and the average inventory holding is 3,400 units.What is the level of safety inventory (in whole units)?