F2_ACCA英国注册会计师考试试题及答案P40-新东方在线职业题库

Which of the following items might be a suitable cost unit within the credit control department of a company?(i) Stationery cost(ii) Customer account

(iii) Cheque received and processed

A

Item (i) only

B

Item (ii) only

C

Item (iii) only

D

Items (ii) and (iii) only

Which of the following best describes a period cost?

A

A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation.

B

A cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods.

C

A cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold.

D

A cost that is incurred regularly every period, eg every month or quarter

A company employs four supervisors to oversee the factory production of all its products. How would the salaries paid to these supervisors be classified?

A

As a direct labour cost

B

As a direct production expense

C

As a production overhead

D

As an administration overhead

A company manufactures and sells toys and incurs the following three costs:

(i) Rental of the finished goods warehouse

(ii) Depreciation of its own fleet of delivery vehicles

(iii) Commission paid to sales staffWhich of these are classified as distribution costs?

A

(i) and (ii) only

B

(i) and (iii) only

C

(ii) and (iii) only

D

(i), (ii) and (iii)

Which of the following describes a cost centre?

A

A unit of output or service for which costs are ascertained

B

A function or location for which costs are ascertained

C

A segment of the organisation for which budgets are prepared

D

An amount of expenditure attributable to a particular activity

The overhead expenses of a company are coded using a five digit coding system, an extract from which is

as follows:

Cost centre Code no Types of expense Code no

Machining 10 Indirect materials 410

Finishing 11 Depreciation of production machinery 420

Packing 12 Indirect wages 430

Stores 13 Maintenance materials 440

Maintenance 14 Machine hire costs 450

Depreciation of non-production equipment 460

The coding for the hire costs of a packing machine is 12450.

Which is the coding for the issue of indirect materials issued from stores to the machining department?

A

10410

B

10440

C

13410

D

13440

Which one of the following statements does NOT explain why coding systems are used?

A

A code is more precise than a description so reduces ambiguity

B

A code is briefer than a description so saves time

C

A code is more suited to communicating wider issues than a description

D

The use of codes facilitates data processing

The following diagram represents the behaviour of one element of cost:Which one of the following descriptions is consistent with the above diagram?

A

Annual total cost of factory power where the supplier sets a tariff based on a fixed charge plus a constant unit cost for consumption which is subject to a maximum annual charge.

B

Total annual direct material cost where the supplier charges a constant amount per unit which then reduces to a lower amount per unit after a certain level of purchases.

C

Total annual direct material cost where the supplier charges a constant amount per unit but when purchases exceed a certain level a lower amount per unit applies to all purchases in the year.

D

Annual total cost of telephone services where the supplier makes a fixed charge and then a constant unit rate for calls up to a certain level. This rate then reduces for all calls above this level.

An organisation has the following total costs at three activity levels:

Activity level (units) 8,000 12,000 15,000

Total cost $204,000 $250,000 $274,000

Variable cost per unit is constant within this activity range and there is a step up of 10% in the total fixed costs when the activity level exceeds 11,000 units.What is the total cost at an activity level of 10,000 units?

A

$220,000

B

$224,000

C

$227,000

D

$234,000

A firm has to pay a $0.50 per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm's accounts?

A

selling expense

B

direct expense

C

production overhead

D

administrative overhead

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