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2.
3.
) (2)
) (2)
Volume
in units
32,000
40,000
50,000
Total cost
$
100,000
120,000
145,000
(2)
4.
Based on the above data, the variable costing profit for the
month is:A
B
C
D
$44,800
$45,160
$50,600
$76,160
(
5.
)(2)
Based on the above data, the absorption costing profit for the
month is:A
B
C
D
$42,200
$44,800
$45,160
$47,400
(
) (2)
6.
Overheads
Output
Machine hours
Budget
$350,000
70,000 units
35,000 hours
Actual
$400,000
60,000 units
30,000 hours
7.
) (2)
QQ
$82,000
XX
$46,000
YY
$30,000
It has been estimated that each service cost centre does work
for the other cost centres in the following proportions:-
PP
40
30
QQ
40
60
XX
10
YY
20
) (2)
8.
Production budget
Sales (units)
Production (units)
January
February
March
5,000
6,000
8,000
9.
10.
Jon Tey Food Manufacturing has the following budget for the
next month:Finished Product
Sales 7,000 units
Production units 7,200 units
Materials
Usage per unit 3 kg
Opening stock 400 kg
Closing stock 500 kg
What is the material purchases budget for the month?
A 20,900 kg
B 21,100 kg
C 21,500 kg
D 21,700 kg
(
11.
) (2)
) (2)
The following information relates to questions 12 and 13:In the following price, cost and revenue functions, which have been
established by a company for one of its products, Q represents the
number of units produced and sold per week:
Price ($ per unit) = 40 0.03Q
Marginal revenue ($ per unit) = 40 0.06Q
Total cost per week ($) = 3,500 + 10Q
12.
13.
) (2)
What would be the profit per week if the selling price of the
product was set at $31 per unit?
A $2,800
B $3,150
C $5,490
D $5,800
(
14.
) (2)
Activity level
Units
5,000
7,500
10,000
Using the high-low method what is the variable cost per unit?
A $25
B $30
C $35
D $40
(
) (2)
7
15.
Edgar has been reviewing its total costs over the last few
periods and has established the following:
Period
(units)
1
2
3
Sales
$
225
150
350
Total cost
2,300
1,500
2,800
$2,120
$1,800
$1,695
$1,620
(
16.
) (2)
17.
) (2)
) (2)
18.
19.
) (2)
$40
25
$20
) (2)
20.
Sales (units)
Production (units)
Product Aple
2,000
1,750
Product Bola
4,500
5,000
Labour:Skilled at $10/hour
Unskilled at $7/hour
2 hours/unit
3 hours/unit
2 hours/unit
4 hours/unit
What is the budgeted cost for unskilled labour for the period?
Answer - ..
21.
(2)
The following statements relate to labour costs:There would be an increase in the total cost for labour as a
result of:(i)
additional labour being employed on a temporary basis.
(ii)
a department with spare capacity being made to work
more hours.
(iii) a department which is at full capacity switching from the
production of one product to another.
Which of the above is/are correct?
B (i) only
C (ii) only
D (iii) only
E (i) and (iii) only
(
) (2)
10
22.
AA
Per unit
8 kg
$35
Product
BB
Per unit
5 kg
$25
CC
Per unit
6 kg
$48
$4.375
$5
$8
3,000
5,000
2,000
A
B
C
D
AA
1,000
1,000
2,875
3,000
Product
BB
4,600
3,000
2,200
CC
2,000
2,000
2,000
23.
) (2)
11
24.
25.
) (2)
26.
) (2)
) (2)
12
27.
28.
) (2)
13
29.
30.
) (2)
) (2)
14
31.
32.
) (2)
) (2)
15
33.
34.
) (2)
3,000
3,500
(2)
16
35.
is as follows:
$15 per unit
10,000 units
$5 per unit
$151,500
9,800 units
36.
) (2)
Boh Leow Ltd produces and sells a single product, which has a
profit/volume ratio of 30%. Fixed costs amount to $120,000
each year.
The sales revenue required each year to break even
A is $156,000
B is $171,428
C is $400,000
D cannot be calculated from the data supplied.
(
) (2)
)(1)
17
39.
) (1)
Production is continuous
Production of the product can be completed in a single
accounting period
Production relates to a single special order
40.
) (1)
41.
) (1)
) (1)
18
42.
A (i) only
B (i) and (ii)
C (i), (ii) and (iii)
(
43.
) (1)
44.
) (1)
45.
) (2)
True
False
) (1)
19
46.
False
True
(
47.
48.
) (1)
) (1)
Answer - .
(2)
20
49.
50.
(2)
Process 1
$
3,290
10,000
8,350
9,080
Process 2
$
2,140
17,000
19,700
2,620
(2)
21