快速查题-ACCA英国注册会计师试题

 You have been provided with the following information relating to three products: 

                                                                            Product X                       Product Y                   Product Z  

Demand (units)                                                  1,000                                2,000                        3,000  

Selling price                                                          $15                                    $20                           $30  

Profit per unit                                                          $2                                       $5                             $2  

Actual sales for the year showed the following results.  

                                                                            Product X                     Product Y                      Product Z  

Units sold                                                            1,100                              2,050                             2,800  

Sales value                                                      $17,050                         $38,950                         $86,800  

Profit                                                                     $3,080                         $10,455                           $6,160 

What is the sales quantity variance?  

 If closing inventories of raw materials are valued at standard cost, the material price variance is calculated on material purchases in the period. 

The sales volume variance is valued at the standard selling price per unit. 

The total yield variance in quantity is zero. 

 In the budget period just ended, a very large adverse direct materials usage variance has been reported. Control action should be taken. Which one of the following actions might help to improve materials usage rates? 

Which of the following would NOT explain a favourable direct materials usage variance? 

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

While a drag and drop style question is impossible to fully replicate within a paper based medium, some questions of this style have been included for completeness. 

The following are potential causes of a material usage variance; drag the ones that could properly explain an adverse usage variance and at the same time indicate poor performance of the production manager into the box below.   

The business has separate managers for production, material purchase and machine maintenance.

  Selection of a new supplier offering similar quality for lower prices

  Inadequate training of newly recruited staff in the production department

  Movements in the exchange rates causing more expensive materials

  Machine breakdown due to delays in the annual maintenance schedule

  Reduced quality materials bought

  Change in the production process causing extra losses of materials 

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Bloom Limited was the subject of the following press story:

 “Bloom is proud to announce that it has managed to maintain its market share despite an overall increase in the market size by 10%.”  However, the sales director when challenged, by this journalist recently admitted having been forced to reduce prices by $1.50 per bunch on average on a budget volume of  12,000 bunches.  All is not as rosy as it seems in Bloom’s garden!

 If the standard variable cost of a bloom bunch of flowers is $20 and the standard contribution gained is $5 what is the adverse sales price variance? 

This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Bloom Limited was the subject of the following press story: 

“Bloom is proud to announce that it has managed to maintain its market share despite an overall increase in the market size by 10%.”  However, the sales director when challenged, by this journalist recently admitted having been forced to reduce prices by $1.50 per bunch on average on a budget volume of  12,000 bunches.  All is not as rosy as it seems in Bloom’s garden!

 If the standard variable cost of a bloom bunch of flowers is $20 and the standard contribution gained is $5 what is the favourable sales volume variance? 

Returning to the question above, now assume that the company operates a marginal costing system.  

Required 

Recalculate any variances necessary and produce an operating statement.