• ACCA F2 練習題(2012版) - 下載本文

    Fixed production overheads for the year are budgeted to be $200,000 and are to be recovered

    on the basis of the total of 40,000 direct labour hours for the years.

    Other overheads, in ralation to selling, distribution and daministretion, are recovered at the rate

    of $80 per job.

    The total cost of job 173 is

    A $404 B $300 C $254 D $324 Answer:A

    The following information relates to questions 10.4 and 10.5

    A firm makes special assemblies to customers? orders and uses job costing. The data for a period are: Job number Job number Job number AA10 BB15 CC20 $ $ $ Opening WIP 26,800 42,790 0 Material added in period 17,275 0 18,500 Labour for period 14,500 3,500 24,600 The budgeted overheads for the period were $126,000. 10.4 What overhead should be added to job number CC20 for the period ?

    A $65,157

    B $69,290 C $72,761

    D $126,000 Answer:C

    10.5 What was the approximate value of closing work-in-progerss at the end of the period ?

    A $58,575

    B $101,675 C $217,323

    D $227,675 Answer:C

    10.6 The following items may be used in costing batches. 1 Actual material cost

    2 Actual manufacturing overheads 3 Absorbed manufacturing overheads 4 Actual labour cost

    Which of the above are contained in a typacil batch cost ? A 1,2 and 4 only B 1 and 4 only C 1,3 and 4 only D 1,2,3 and 4 Answer:C

    10.7 What would be the most appropriate cost unit for a cake manufacturer ? Cost per : A Cake B Batch C Kg

    D Piece of cake Answer:B

    10.8 Which of the following would be appropriate cost units for a passenger coach company ? (i) Vehicle cost per passenger-kilometre (ii) Fuel cost for each vehicle per kilometre (iii) Fixed cost per kilometre

    A (i) only B (i) and (ii) only C (i) and (iii) only D (ii) and (iii)only Answer:B

    10.9 The following information is available for a hotel company for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred $3,900

    The room servicing cost per occupied room-night last period, to the nearest penny, was: A $3.25 B $5.00 C $97.50 D $150.00 Answer:B

    10.10 Annie is to set up a small hairdressing business at home. She anticipates working a 35-hour

    week and taking four week?s holiday per day. Her expenses for materials and overheads are expected to be $3,000 per year, and she has set herself a target profit of $18,000 for the first year.

    Assuming that only 90% of her working time will be chargeable to clients, what price should

    she charge for a ?colour and cut? which would take 3 hours ? A $13.89

    B $35.71 C $37.50

    D $41.67 Answer:D

    10.11 Which of the following is not a characteristic of service costing ? A High levels of direct costs as a proportion of total costs B Intangibility of output

    C Use of composite cost units

    D Can be used for internal services as well as external services Answer:A

    10.12 Which of the following are likely to use service costing ? (i) A college (ii) A hotel (iii) A plumber A (i),(ii) and (iii) B (i) and (ii) C (ii) only

    D (ii) and (iii) only Answer:B

    10.13 Which of the following would be considered a service industry ? (i) An airline company (ii) An railway company (iii) A firm of accountants A (i) and (ii) only B (i) and (iii) only C (i),(ii) and (iii) D (ii) and (iii) only

    Answer:C

    10.14 The following information relates to a management consultancy organisation: Salary cost per hour for senior consultants $ Salary cost per hour for junior consultants 40 Overhead absorption rate per hour applied to all hours 20

    The organisation adds 40% to total cost to arrive at the final fee to be changed to a client Assignment number 789 took 54 hours of a senior consultant?s time and 110 hours of junior

    consultants? time

    What is the final fee to be charged for Assignment 789 ? A $6,874 C $11,466 B $10,696 D $12,642 Answer:C

    10.15 A company operates a job costing system. Job number 1012 requires $45 of direct material

    and $30 of direct labour. Direct labour is paid at the rate of $7.50 per hour. Production

    overheads are absorbed at a rate of $12.50 per labour hour and non-production overhead are absorbed at a rate of 60% of prime cost.

    What is the total cost of job number 1012 ?

    A $170

    B $195 C $200

    D $240 Answer:A 11 Process costing

    11.1 A chemical process has a normal wastage of 10% of input. In a period, 2,500 kgs of material were input and there was an abnormal loss of 75 kgs. What quantity of good production was achieved?

    A 2,175 kgs B 2,250 kgs C 2,325 kgs D 2,425 kgs Answer:A

    The following information relates to questions 11.2 and 11.3

    A company manufactures Chemical X, in a single process. At the start of the month there was no work-in-progress. During the month 300 litres of raw material were input into the process at a total cost of $6,000. Conversion costs during the month amounted to $4,500. At the end of the month 250 litres of Chemical X were transferred to finished goods inventory. The remaining work-in-progress was 100% complete with respect to materials and 50% complete with respect to conversion costs. There were no losses in the process.

    11.2 The equivalent units for closing work-in-progress at the end of the month would have been: Material Conversion costs A 25 litres 25 litres B 25 litres 50 litres C 50 litres 25 litres D 50 litres 50 litres Answer:C

    11.3 If there had been a normal process loss of 10% of input during the month the value of this loss would have been: A Nil B $450 C $600

    D $1,050 Answer:A

    11.4 In a particular process, the input for the period was 2,000 units. There were no inventories at

    the beginning or end of the process. Normal loss is 5 per cent of input. In which the following circumstances is there an abnormal gain?

    (i) Actual output =1,800 units (ii) Actual output=1,950 units

    (iii) Actual output=2,000 units A (i) only B (ii) only

    C (i) and (ii) only D (ii) and (iii) onlr Answer:D

    11.5 In a process account, abnormal losses are valued: A At their scrap value

    B The same as good production C At the cost of raw materials D The same as normal losses Answer:B

    11.6 A company needs to produce 340 litres of Chemical X. There is a normal loss of 10% of the

    material input into the process. During a given month the company did produce 340 litres of good production, although there was an abnormal loss 5% of the material input into the process.

    How many litres of material were input into the process during the month? A 357 litres B 374 litres C 391 litres D 400 litres Answer:D

    The following information relares to questions 11.7 and 11.8

    A company produces a certain food item in a manufacturing process. On 1 November, there was no opening inventory of work in process. During November, 500 units of material were input to the process, with a cost of $9,000. Direct labour costs in November were $3,840. Production overhead is absorbed at the rate of 200% of direct labour costs. Closing inventory on 30 November considered of 100 units which wre 100% complete as to materials and 80% complete as to olabour and overhead. There was no loss in process.

    11.7 The full production cost of completed units during November was

    A $10,400 B $16,416 C $16,800 D $20,520 Answer:C

    11.8 The value of the closing work in progress on 30 November is

    A $2,440 B $3,720 C $4,104 D $20,520 Answer:B

    The following information relates to questions 11.9 and 11.10

    A company makes a product in two processes. The following data is available for the latest period,

    for process 1.

    Opening work in progress of 200 units was valued as follows. Material $2,400 Labour $1,200 Overhead $400 No losses occur in the process. Units added and costs incurred during the period: Material $6,000(500 units) Labour $3,350 Overhead $1,490 Closing work in progress of 100 units had reached the following degrees of completion: Material 100% Labour 50% Overhead 30% The company used the weighted average method of inventory valuation. 11.9 How many equivalent units are used when calculating the cost per unit in relation to overhead?

    A 500 B 600 C 630 D 700 Answer:C

    11.10 The value of the units transferred to process 2 was

    A $7,200 B $13,200 C $14,840 D $15,400 Answer:B

    11.11 A company uses process costing to estabilsh the cost per unit its output. The following information was available for the last month: Input units 10,000 Output units 9,850 Opening inventory 300 units, 100% complete for materials and 70% complete for conversion costs Closing inventory 450 units, 100% complete for materials and 30% complete for conversion costs The company uses the weighted average method of valuing inventory. What were the equivalent units for conversion costs? A 9,505 units B 9,715 units C 9,775 units D 9,985 units Answer:D

    11.12 A company uses process costing to value its output. The following was recorded for the period Input material 2,000 units at $4.50 per unit Conversion costs 13,340 Normal loss 5% of input valued at $3 per unit Actual loss 150 units There were no opening or closing inventories.





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