Chapter20-22习题_F2_ACCA英国注册会计师

Extracts from a company's records from last period are as follows.

Budget ActuaI

Production 1,925 units 2,070 units

Variable production overhead cost $11,550 $14,904

Labour hours worked 5,775 8,280

What are the variable production overhead variances for last period?

A

Expenditure Efficiency

$1,656 (F) $2,070 (A)

B

Expenditure Efficiency$

1,656 (F) $3,726(A)

C

Expenditure Efficiency

$1,656 (F) $4,140 (A)

D

Expenditure Efficiency

$3,354 (F) $4,140 (A)

A company has budgeted to make and sell 4,200 units of product X during the period.

The standard fixed overhead cost per unit is $4.

During the period covered by the budget, the actual results were as follows.

Production and sales 5,000units

Fixed overhead incurred $17,500

What are the fixed overhead variances for the period?

A

Fixed overhead Fixed overhead

expenditure variance volume variance

$700 (F) $3,200 (F)

B

Fixed overhead Fixed overhead

expenditure variance volume variance

$700 (F) $3,200 (A)

C

Fixed overhead Fixed overhead

expenditure variance volume variance

$700 (A) $3,200 (F)

D

Fixed overhead Fixed overhead

expenditure variance volume variance

$700 (A) $3,200 (A)

A company manufactures a single product, and relevant data for December is as follows.

Budget/standard Actual

Production units 1,800 1,900

Labour hours 9,000 9,400

Fixed production overhead $36,000 $39,480

What are the fixed production overhead capacity and efficiency variances for December?

A

Capacity Efficiency

$1,600 (F) $400 (F)

B

Capacity Efficiency

$1,600 (A) $400 (A)

C

Capacity Efficiency

$1,600 (A) $400 (F)

D

Capacity Efficiency

$1,600 (F) $400 (A)

Which of the following would help to explain a favourable direct labour efficiency variance?

(i) Employees were of a lower skill level than specified in the standard

(ii) Better quality material was easier to process

(iii) Suggestions for improved working methods were implemented during the period

A

(i), (ii) and (iii)

B

(i) and (ii) only

C

(ii) and (iii) only

D

(i) and(II) only

Which of the following statements is correct?

A

An adverse direct material cost variance will always be a combination of an adverse material price variance and an adverse material usage variance

B

An adverse direct material cost variance will always be a combination of an adverse material price variance and a favourable material usage variance

C

An adverse direct material cost variance can be a combination of a favourable material price variance and a favourable material usage variance

D

An adverse direct material cost variance can be a combination of a favourable material price variance and an adverse material usage variance

The following information relates to labour costs for the past month:

Budget Labour rate $10 per hour

Production time 15,000 hours

Time per unit 3 hours

Production units 5,000 units

Actual Wages paid $176,000

Production 5,500 units

Total hours worked 14,000 hours

There was no idle time.

What were the labour rate and efficiency variances?

A

Rate variance Efficiency variance

$26,000 Adverse $25,000 Favourable

B

Rate variance Efficiency variance

$26,000 Adverse $10,000 Favourable

C

Rate variance Efficiency variance

$36,000 Adverse $2,500 Favourable

D

Rate variance Efficiency variance

$36,000 Adverse $25,000 Favourable

A manufacturing company operates a standard absorption costing system. Last month 25,000 production hours were budgeted and the budgeted fixed production overhead cost was $125,000. Last month the actual hours worked were 24,000 and the standard hours for actual production were 27,000.What was the fixed production overhead capacity variance for last month?

A

$5,000 Adverse

B

$5,000 Favourable

C

$10,000 Adverse

D

$10,000 Favourable

Which of the following statements are true?

(i)A favourable fixed overhead volume capacity variance occurs when actual hours of work are greater than budgeted hours of work

(ii)A labour force that produces5,000standard hours of work in 5,500 actual hours will give a favourable fixed overhead volume efficiency variance

A

(i) is true and (ii) is false

B

Both are true

C

Both are false

D

(i) is false and (ii) is true

A company uses process costing to value its output. The following was recorded for the period:

Input materials 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.What was the valuation of one unit of output to one decimal place?

A

$11.8

B

$11.6

C

$11.2

D

$11.0

Which of the following statements are true?(i) The fixed overhead volume capacity variance represents part of the over/under absorption of overheads(ii) A company works fewer hours than budgeted. This will result in an adverse fixed overhead volume capacity variance

A

(i) is true and (ii) is false

B

Both are true

C

Both are false

D

(i) is false and (ii) is true

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