CIMA Fundamentals of management accounting - BA2무료 덤프문제 풀어보기
Refer to the Exhibit.
A company operates an absorption costing system. The management accounts show that fixed production overheads were over-absorbed in the period.
Which FOUR combinations could possibly have resulted in this situation?
A company operates an absorption costing system. The management accounts show that fixed production overheads were over-absorbed in the period.
Which FOUR combinations could possibly have resulted in this situation?
정답: B,D,F,H
Refer to the exhibit.
A company currently manufactures a component which has the following costs per unit:
If the fixed overhead costs are unavoidable costs, what is the maximum price the company should be willing to pay to buy-in the component?
Give your answer to 2 decimal places.
A company currently manufactures a component which has the following costs per unit:
If the fixed overhead costs are unavoidable costs, what is the maximum price the company should be willing to pay to buy-in the component?
Give your answer to 2 decimal places.
정답:
£175 per unit
The following is an extract from a budgetary control report for the latest period:
The budget variance for prime cost is:
The budget variance for prime cost is:
정답: C
If the fixed costs are increased, the point at which the line plotted on a profit/volume (PV) graph cuts the horizontal axis will:
정답: C
Fixed costs can best be described as:
정답: D
Refer to the exhibit.
Patchit Limited operates a job costing system. They have been asked to quote for a rush job that will require to be done in overtime hours. It is estimated that the job will incur the following costs:
Production overheads are absorbed on a direct labour hour basis. Budgeted direct labour hours for the year were 50,000 and budgeted direct labour cost was $300,000.
If production overheads had been based on a percentage of direct labour cost, the revised production costs for the job would be:
Patchit Limited operates a job costing system. They have been asked to quote for a rush job that will require to be done in overtime hours. It is estimated that the job will incur the following costs:
Production overheads are absorbed on a direct labour hour basis. Budgeted direct labour hours for the year were 50,000 and budgeted direct labour cost was $300,000.
If production overheads had been based on a percentage of direct labour cost, the revised production costs for the job would be:
정답:
$8
Overtime worked as a result of a rush order at the customers request should be classified as a:
정답: C
Refer to the exhibit.
A company issued its production budget based on an anticipated output of 800 units. Actual output was 1,000 units. The details of the costs are shown below:
The total budget variance was:
A company issued its production budget based on an anticipated output of 800 units. Actual output was 1,000 units. The details of the costs are shown below:
The total budget variance was:
정답: B
Refer to the exhibit.
The following conventional breakeven chart has been drawn for a product. Forecast sales volume for next period is V units.
Which ONE of the following distances on the graph indicates the forecast profit for next period?
The following conventional breakeven chart has been drawn for a product. Forecast sales volume for next period is V units.
Which ONE of the following distances on the graph indicates the forecast profit for next period?
정답: D
Refer to the exhibit.
Xell Ltd uses a standard costing system and therefore values all inventory at standard cost. During period 3 the price paid for material 'A' was £6 per kg less than the standard price.
The following information for material 'A' relates to period 3:
What was the material price variance for period 3?
Xell Ltd uses a standard costing system and therefore values all inventory at standard cost. During period 3 the price paid for material 'A' was £6 per kg less than the standard price.
The following information for material 'A' relates to period 3:
What was the material price variance for period 3?
정답: D
Data for the latest period for a company which makes and sells a single product are as follows:
There were no budgeted or actual changes in inventories during the period.
The sales volume contribution variance for the period was:
There were no budgeted or actual changes in inventories during the period.
The sales volume contribution variance for the period was:
정답: C
VL manufactures a single product. The management accountant has estimated that the margin of safety as a percentage of budgeted sales is 25%. The company's profit/volume ratio is 20%, variable costs are $8 per unit and budgeted sales for the year are 80,000 units.
The budgeted fixed costs for the year, to the nearest $000, are.
The budgeted fixed costs for the year, to the nearest $000, are.
정답:
$120000