Chapter11-14_F2考试试题及答案P5-新东方在线职业题库

Which costing method is based around a calculation involving a desired profit margin and a competitive market price?

A

Activity Based Costing

B

Total Quality Management

C

Target costing

D

Life cycle costing

Which ONE of the following is an advantage of Activity Based Costing?

A

It provides more accurate product costs

B

It is simple to apply

C

It is a form of marginal costing and so is relevant to decision making

D

It is particularly useful when fixed overheads are very low

In the context of quality costs, what would customer compensation costs and test equipment running costs be classified as?

A

Customer compensation costs Test equipment running costs

Internal failure costs Prevention costs

B

Customer compensation costs Test equipment running costs

Internal failure costs Appraisal costs

C

Customer compensation costs Test equipment running costs

External failure costs Appraisal costs

D

Customer compensation costs Test equipment running costs

External failure costs Prevention costs

The selling price of product K is set at $450 for each unit and the company requires a return of 20% from the product.

What is the target cost for each unit for the coming year?

A

$300

B

$360

C

$400

D

$450

In calculating the life cycle costs of a product, which of the following items would beexcluded?

(i) Planning and concept design costs

(ii) Preliminary and detailed design costs

(iii) Testing costs(iv) Production costs

(v) Distribution and customer service costs

A

(iii)

B

(iv)

C

(v)

D

None of them

As part of a process to achieve a target cost, GYE Inc are interviewing prospective customers to determine why they would buy the product and how they would use it.What term best describes this process?

A

Value analysis

B

Operational research

C

TQM

D

Lifecycle costing

A company manufactures three joint products and one by-product from a single process.

Data for May are as follows.

Opening and closing inventories Nil

Raw materials input $180,000

Conversion costs $50,000

Output Units Sales price $ per unit

Joint product L 3,000 32

M 2,000 42

N 4,000 38

By-product R 1,000 2

By-product sales revenue is credited to the sales account. Joint costs are apportioned on a sales value basis.

What were the full production costs of product M in May (to the nearest $)?

A

$57,687

B

$57,844

C

$58,193

D

$66,506

Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing before it is in a saleable condition. There are no opening inventories and no work in progress. The following data are available for last period:

$

Total joint production costs 384,000

Further processing costs (product H) 159,600

Product Selling price Sales Production

per unit Units Units

G $0.84 400,000 412,000

H $1.82 200,000 228.000

Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product H for last period?

A

$36,400

B

$37,520

C

$40.264

D

$45,181

Two products (W and X) are created from a joint process. Both products can be sold immediately after split-off. There are no opening inventories or work in progress. The following information is available for last period:

Total joint production costs $776,160

Product Production units Sales units Selling price per unit

W 12,000 10,000 $10

X 10,000 8,000 $12

Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product X for last period?

A

$310,464

B

$388,080

C

$155,232

D

$77,616

Which of the following statements is not correct?

A

Activity based costing is an alternative to traditional volume-based costing methods

B

Activity based costs provide an approximation of long-run variable unit costs

C

Activity based costing cannot be used to cost services

D

Activity based costing is a form of absorption costing

快速查题-ACCA英国注册会计师试题