快速查题-ACCA英国注册会计师试题

The following graph shows the standard price and quantity and the actual and price and quantity relating to the direct material for the manufacture of the bulbs.

Which area correctly represents the direct material price variance?

The following spreadsheet has started to be completed for direct materials, with a ^ showing where data has been entered. 

                                             A                                               B                               C

1                                                                                       Standard                      Actual

2                             Production in units                                   √                                √

3                             Kg's per unit                                             √

4                             Cost per kg ($)                                         √                                √

5                            Total kg’s purchased                                                             C6/C4

6                             Total material cost                                                                    √    

What will be the formula for the materials usage variance?

The following information is available for Wick Co for month 1

Budgeted

Fixed overheads                                      $20,000 to be absorbed at $10/hr

Time to make one unit                             4 hoursActual

Fixed overheads                                     $23,000

Time taken to make 550 units                 2,475 hours

Calculate the fixed overhead:

(i) Expenditure variance and state if it is favourable or adverse.

(ii) Capacity variance and state if it is favourable or adverse. 

(iii) Efficiency variance and state if it is favourable or adverse. 

Is the following statement true/false?

#A favourable fixed overhead capacity variance is likely to arise if a new machine is bought to replace an unreliable one/

The managers have now been told that although the levels of glass inventory did not change during July, wood inventory rose by 15 kg.

Which manager will need to have this fact accounted for in their performance appraisal?

In the following graph, which area arises because both the material quantity and price are above standard levels?

Are the following statements true or false?Statement one: A flexed budget cannot be produced for non-manufacturing costs such as sales commission.Statement two: All costs can be controlled in the long term.