快速查题-ACCA英国注册会计师试题

In a process account, how are abnormal losses valued?

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 of 5% of the material input into the process.How many litres of material were input into the process during the month?

WQT Co manufactures a single product and an extract from their flexed budget for production costs is as follows.

                                                                                                                       Activity level

                                                                                                                  80%                  90%

                                                                                                                    $                       $

Direct material                                                                                          2,400                  2,700

Labour                                                                                                      2,120                  2,160

Production overhead                                                                                4,060                  4,080 

                                                                                                                 8,580                  8,940

What would the total production cost allowance be in a budget flexed at the 83% level of activity? (to the nearest $)

Which of these statements is untrue?

What was the actual usage of direct material during February?

What was the selling price variance for February?

What was the sales volume profit variance for February?

Explain what is meant by standard costing

Explain what is meant by a standard cost

Describe four types of standard.