快速查题-ACCA英国注册会计师试题

A company is in the process of setting standard unit costs for next period. Product J uses two types of material, P and S. 7 kg of material P and 3 kg of material S are needed, at a standard price of $4 per kg and $9 per kg respectively.Direct labour will cost $7 per hour and each unit of J requires 5 hours of labour.Production overheads are to be recovered at the rate of $6 per direct labour hour, and general overhead is to be absorbed at a rate of ten per cent of production cost.What is the standard prime cost for one unit of product J?

What is an attainable standard?

Which of the following statements is correct?

A company manufactures a carbonated drink, which is sold in 1 litre bottles. During the bottling process there is a 20% loss of liquid input due to spillage and evaporation. What is the standard usage of liquid per bottle?

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.