快速查题-ACCA英国注册会计师试题

 Choose the appropriate words from those highlighted.  

The materials yield variance is calculated on the difference between the standard/actual input for standard/actual output, and the standard/actual total quantity input (in the standard/actual mix), valued at standard/actual costs. 

 Choose the appropriate words from those highlighted 

The sales mix variance is calculated as the difference between the standard/actual quantity sold in the standard/actual mix and the standard/actual quantity sold in the standard/actual mix, valued at standard/actual margin per unit. 

Choose the appropriate words from those highlighted 

The sales quantity variance is calculated as the difference between the standard/actual sales volume in the budgeted proportions and the budgeted sales volumes, multiplied by the standard/actual margin. 

Spendthrift Co purchased 6,850 kg of material at a total cost of $32,195. The material price variance was $1,370 adverse.  The standard price per kg was $ ________  (to the nearest cent) 

A standard unit of product contains two materials, P and Q. The standard direct materials cost is:  

                                                                                                                                $ 

Material P                            0.1 kg at $8 per kg                                               0.8 

Material Q                            0.3 kg at $4 per kg                                               1.2 

Total direct material cost                                                                                   2.0 

Management can control the mix of the materials and so, in standard costing variance reports, direct materials variances are reported as mix and yield variances. 

In the period just ended, 45,000 units of finished products were made. They used 6,900 kg of Material P, which cost $7 per kg, and 12,600 kg of Material Q, which cost $5 per kg. 

What was the adverse direct materials yield variance? 

$ ________

The following data have been extracted from the budget working papers of WR Co: 

Activity (machine hours)                                      Overhead cost                                   

                                                                                              $        

            10,000                                                                 13,468

            12,000                                                                 14,162

            16,000                                                                 15,549

            18,000                                                                 16,242 

In November 20X3, the actual activity was 13,780 machine hours and the actual overhead cost incurred was $14,521. Give your answer to the nearest $10. 

Calculate the total overhead expenditure variance for November 20X3.  

$_________ Favourable/Adverse (select the correct option)