快速查题-ACCA英国注册会计师试题

A step fixed cost - when the vertical axis represents cost incurred.

A company determines its order quantity for a raw material by using the Economic Order Quantity (EOQ) model.What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?

Data relating to a particular stores item are as follows: 

Average daily usage                                                                400 units

Maximum daily usage                                                              520 units

Minimum daily usage                                                               180 units

Lead time for replenishment of inventory 10 to 15 days 

Reorder quantity                                                                     8,000 units

What is the reorder level (in units) which avoids stockouts (running out of inventory)?

The material stores control account for a company for March looks like this：

MATERIAL STORES CONTROL ACCOUNT 

                                  $                                                                                $

Balance b/d           12,000               Work in progress                            40,000

Suppliers              49,000                Overhead control                           12,000

Work in progress  18,000                 Balance c/d                                    27,000 

                              79,000                                                                        79,000

Balance b/d            27,000

Which of the following statements are correct?

(i) Issues of direct materials during March were $18,000

(ii) Issues of direct materials during March were $40,000

(iii) Issues of indirect materials during March were $12,000

(iv) Purchases of materials during March were $49,000

A manufacturing company uses 25,000 components at an even rate during a year. Each order placed with the supplier of the components is for 2,000 components, which is the economic order quantity.The company holds a buffer inventory of 500 components. The annual cost of holding one component in inventory is $2.What is the total annual cost of holding inventory of the component?

For a particular component, the re-order quantity is 6,000 units and the average inventory holding is 3,400 units.What is the level of safety inventory (in whole units)?

The following data relate to inventory item A452:  

 Average usage         100 units per day

Minimum usage         60 units per day

Maximum usage       130 units per day   

Lead time                   20-26 days   

EOQ                          4,000 units  

What is the maximum inventory level?   

Where on the graph would you read off the value for the economic order quantity?

A company uses an item of inventory as follows.

Purchase price                            $25 per unit

Annual demand                           1,800 units

Ordering cost                               $32

Annual holding cost                    $4.50 per unit

EOQ                                            160 units

What is the minimum total cost assuming a discount of 2% applies to the purchase price and to holding costs on orders of 300 and over?

A wholesaler had opening inventory of 300 units of product Emm valued at $25 per unit at the beginning of January. The following receipts and sales were recorded during January.

Date                           2 Jan                     12 Jan                  21 Jan                     29 Jan

                                                                 400

Issues                         250                                                      200                            75

The purchase cost of receipts was $25.75 per unit. Using a weighted average method of valuation, calculate the value of closing inventory at the end of January.