快速查题-ACCA英国注册会计师试题

The following question is taken from the December 2011 exam paper.

The following shows the total overhead costs for given levels of a company's total output.

Cost                     Output

   $                        Units

 4,000                   1,000

 7,000                   2,000

10,000                  3,000

 9,500                   4,000

A step up in fixed costs of $500 occurs at an output level of 3,500 units.

What would be the variable overhead cost per unit (to the nearest $0.01) using the high-low technique?

Pliant pic produces cars and motorbikes. The company is split into four different divisions:

Car sales division - this department's manager has been given responsibility for selling the cars, as well as keeping control of the division's costs.

Motorbike sales division - this department's manager has been given responsibility for selling the motorbikes as well as controlling divisional costs. In addition, he has been told to plan what assets he should purchase for the coming year.

Manufacturing division - this division makes the cars and bikes and passes them to the finishing division. The divisional manager is only responsible for controlling the division's costs.

Finishing division - this division tests the cars and cleans them ready to be sold. They transfer the goods to the sales divisions and charge the sales divisions a set price, which is set by the finishing division's manager. The manager is also responsible for managing the division’s costs as well as the investment in divisional assets.Are these centres being operated as a cost, profit or investment centre?

Division                             Cost centre                 Profit centre              Investment centre

Car sales   

Motorbike sales   

Manufacturing   

Finishing   

Gilbert pic is a furniture manufacturer. How would he classify the following costs?

Cost                                                            Fixed                           Variable                      Semi-variable

Director’s salary   

Wood   

Rent of factory   

Phone bill - includes a line rental   

Factory workers wage   

Bytes Limited operates an IT consultancy business and uses a coding system for its elements of cost (materials, labour or overheads) and then further classifies each element by nature (direct or indirect cost):

Element of cost                               Code                   Nature of cost                         Code

Materials                                            A                            Direct                                 100  

Indirect                                                                                                                        200

Labour                                                B                            Direct                                100  

Indirect                                                                                                                        200

Overheads                                          C                           Direct                                 100  

Indirect                                                                                                                        200

What would the codes be for the following costs?

                                                                                       Cost                        Code

Salary of trainee IT consultant 

Planning costs to renew lease of the office 

Wages of the office manager 

Cleaning materials used by cleaner 

How would a clothes retailer classify the following costs?

Cost                                                         Materials                 Labour              Expenses

Designer skirts   

Heating costs   

Depreciation of fixtures and fittings   

Cashier staff salaries   

The following data relate to two output levels of a department:

Machine hours                         17,000                         18,500

Overheads                               $246,500                     $251,750

What is the amount of fixed overheads?

    $  O

P Harrington is a golf ball manufacturer. Classify the following costs by nature {direct or indirect) in the table below.

                Cost                                               Direct                   Indirect

Machine operators wages  

Supervisors wages  

Resin for golf balls  

Salesmen's salaries  

A manufacturing firm is very busy and overtime is being worked. How would the amount of overtime premium contained in direct wages normally be classed?

A company makes chairs and tables. Which of the following items would be treated as an indirect cost?

Over which of the following is the manager of a profit centre likely to have control?

(i) Selling prices

(ii) Controllable costs

(iii) Apportioned head office costs

(iv) Capital investment in the centre