Chapter15-19习题_F2_ACCA英国注册会计师

The following question is taken from the June 2013 exam paper.A project has an initial outflow of $12,000 followed by six equal annual cash inflows, commencing in oneyear’s time. The payback period is exactly four years. Thec ost of capital is 12% per year.What is the project’s net present value (to the nearest $)?

A

$333

B

-$2,899

C

-$3,778

D

-$5,926

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L Co wants to be able to predict their overhead costs with more accuracy. The company accountant has analysed costs for the past six months:

Note: perform all calculations to the nearest $

Production Overhead costs

level (units) ($)

January 10 3,352

February 10.5 3,479

March 12 3,860

April 9 3,098

May 9.5 3,225

June 10.25 3,416

Further analysis has revealed:

Σx = 61.25 Σy = 20,430 Σxy = 209;903 Σx2 = 630.56

63

【简答题】

Use regression analysis to identify the variable cost per unit.

Which graph shows best the relationship between production levels and overhead costs for L Co?

A

B

C

Further analysis has shown that there is a price index applicable to the overhead costs:

Production level (units) Overhead costs ($) Index

January 10 3,352 100

February 10.5 3,479 101

March 12 3,860 102

April 9 3,098 104

May 9.5 3,225 105

June 10.25 3,416 106

Required:

Using high low analysis, calculate the variable cost per unit in June’s prices.

Within time series analysis, which TWO of the following are concerned with long term movements/fluctuations in variables?

A

Seasonal variations

B

Cyclical variations

C

Random variations

D

The Trend

Which one of the following options about the Paasche and Laspeyre indices is correct?

Paasche index Laspeyre index

Uses base data to weight the index

Uses current data to weight the index

A

Underestimates the effect of inflation

B

Overestimates the effect of inflation

C

Underestimates the effect of inflation

D

Overestimates the effect of inflationLaspeyre index

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Daps Co makes spades and forks. The following budgeted information is available:

Month one Month two

Fork production 220 units 240 units

Spade production 170 units 180 units

Each fork uses 1.5 kg of steel, and each spade uses 2 kg of steel.

No finished goods inventory is held, but Daps Co's raw material inventory policy is to hold enough material to cover half of the next month's production requirements.

A spreadsheet for the material purchases budget is being prepared for month one:

A B

kgs

1 Steel required for production Gap 1

2 Opening inventory Gap 2

3 Closing inventory Gap 3

4 Material purchases

68

【简答题】

Calculate the figure that should be entered into: (i) Gap 1 (ii) Gap 2 (iii) Gap 3

State the formula that should be entered into cell B4

Are the following statements true or false?

Statement one: The master budget includes the capital expenditure budget.

Statement two: Continuous budgets are also known as rolling budgets.

Statement three: Scenario planning is mainly used in the short term.

Statement four: The mission of an organisation is the target to be met in the medium term.

Which TWO of the following are the main aims of budgeting?

A

Controlling costs

B

Identifying objectives

C

Evaluating managers performance

D

Introducing budgetary bias

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