快速查题-ACCA英国注册会计师试题

Which of the following would NOT explain a favourable direct materials usage variance? 

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

While a drag and drop style question is impossible to fully replicate within a paper based medium, some questions of this style have been included for completeness. 

The following are potential causes of a material usage variance; drag the ones that could properly explain an adverse usage variance and at the same time indicate poor performance of the production manager into the box below.   

The business has separate managers for production, material purchase and machine maintenance.

  Selection of a new supplier offering similar quality for lower prices

  Inadequate training of newly recruited staff in the production department

  Movements in the exchange rates causing more expensive materials

  Machine breakdown due to delays in the annual maintenance schedule

  Reduced quality materials bought

  Change in the production process causing extra losses of materials 

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Bloom Limited was the subject of the following press story:

 “Bloom is proud to announce that it has managed to maintain its market share despite an overall increase in the market size by 10%.”  However, the sales director when challenged, by this journalist recently admitted having been forced to reduce prices by $1.50 per bunch on average on a budget volume of  12,000 bunches.  All is not as rosy as it seems in Bloom’s garden!

 If the standard variable cost of a bloom bunch of flowers is $20 and the standard contribution gained is $5 what is the adverse sales price variance? 

This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Bloom Limited was the subject of the following press story: 

“Bloom is proud to announce that it has managed to maintain its market share despite an overall increase in the market size by 10%.”  However, the sales director when challenged, by this journalist recently admitted having been forced to reduce prices by $1.50 per bunch on average on a budget volume of  12,000 bunches.  All is not as rosy as it seems in Bloom’s garden!

 If the standard variable cost of a bloom bunch of flowers is $20 and the standard contribution gained is $5 what is the favourable sales volume variance? 

Returning to the question above, now assume that the company operates a marginal costing system.  

Required 

Recalculate any variances necessary and produce an operating statement. 

Fill in the blanks. 

The material price variance is the difference between ………………… and ………………… 

The material usage variance is the difference between ………………… and ………………… 

A company incurs the following costs at various activity levels: 

      Total cost                        Activity level

              $                                     units 

        250,000                              5,000 

        312,500                              7,500 

        400,000                            10,000 

Using the high-low method what is the variable cost per unit? 

The total cost of production for two levels of activity is as follows:  

                                                             Level 1                             Level 2 

Production (units)                             3,000                                5,000 

Total cost ($)                                       6,750                               9,250 

The variable production cost per unit and the total fixed production cost both remain constant in the range of activity shown. 

What is the level of fixed costs? 

 The first unit of an entirely new product took 160 labour hours to make and the labour cost was $3,200. Four units have now been produced and it is thought that a 75% learning curve applies to the work.  

What will be the expected labour cost of the fifth unit to be produced? 

Which of the following is generally regarded as a benefit of using spreadsheets for budgeting?