快速查题-ACCA英国注册会计师试题

 ABC recognises the complexity of modern manufacturing by the use of multiple cost pools.

Direct labour hours or direct machine hours are used to trace costs to products occurs with absorption costing, but not with ABC. 

The cost driver for quality inspection is likely to be batch size

 ABC is not a system that is suitable for use by service organisations.

 Are the following statements about Activity Based Costing (ABC) true or false? 

 In a system of ABC, there is no under- or over-absorption of overheads. 

Are the following statements about Activity Based Costing (ABC) true or false? 

 In a system of ABC, a larger proportion of overheads is attributed to low volume products than in a traditional absorption costing system. 

 The following statements have been made about activity-based costing. 

(1) Unlike traditional absorption costing, ABC identifies variable overhead costs for allocation to product costs.  

(2) ABC can be used as an information source for budget planning based on activity rather than incremental budgeting. 

Which of the above statements is/are true? 

 The following statements have been made about ABC and cost drivers. 

(1) A cost driver is any factor that causes a change in the cost of an activity.

 (2) For long-term variable overhead costs, the cost driver will be the volume of activity. 

(3) Traditional absorption costing tends to under-allocate overhead costs to low-volume products. 

Which of the above statements is/are true? 

 The following statements have been made in relation to activity-based costing: 

(1) A cost pool is an activity which consumes resources and for which overhead costs are identified and allocated. 

(2) The overhead absorption rate (OAR) is calculated in the same way as the absorption costing OAR, and the same OAR will be calculated for each activity. 

Which of the above statements is/are true?