快速查題-ACCA英國注冊會計師試題

A company's management accountant is analysing the reject rates achieved by 100 factory operatives working in identical conditions. Reject rates, Y%, are found to be related to months of experience, X, by this regression equation： Y = 20 - 0.25X. (The correlation coefficient was r = -0.9.) Using the equation, what is the predicted reject rate for an operative with 12 months' experience?

A regression equation Y = a + bX is used to forecast the value of Y for a given value of X. Which of the following increase the reliability of the forecast? (i) A correlation coefficient numerically close to 1 (ii) Working to a higher number of decimal places of accuracy (iii) Forecasting for values of X outside the range of those used in the sample (iv) A large sample is used to calculate the regression equation

Using data from twelve European countries, it has been calculated that the correlation between the level of car ownership and the number of road deaths is 0.73. Which of the statements shown follow from this?(i) High levels of car ownership cause high levels of road deaths(ii) There is a strong relationship between the level of car ownership and the number of road deaths(iii) 53% of the variation in the level of road deaths from one country to the next can be explained by the corresponding variation in the level of car ownership(iv) 73% of the variation in the level of road deaths from one country to the next can be explained by the corresponding variation in the level of car ownership

A company operates a standard marginal costing system. Last month its actual fixed overhead expenditure was 10% above budget resulting in a fixed overhead expenditure variance of $36,000.What was the actual expenditure on fixed overheads last month?

Last month, when a company had an opening inventory of 16,500 units and a closing inventory of 18,000 units, the profit using absorption costing was $40,000. The fixed production overhead rate was $10 per unit.What would the profit for last month have been using marginal costing?

Last month a manufacturing company's profit was $2,000, calculated using absorption costing principles. If marginal costing principles has been used, a loss of $3,000 would have occurred. The company's fixed production cost is $2 per unit. Sales last month were 10,000 units. What was last month's production (in units)?

HMF Co produces a single product. The budgeted fixed production overheads for the period are $500,000. The budgeted output for the period is 2,500 units. Opening inventory at the start of the period consisted of 900 units and closing inventory at the end of the period consisted of 300 units. If absorption costing principles were applied, the profit for the period compared to the marginal costing profit would be which of the following?

The following question is taken from the June 2013 exam paper.

A company has the following budgeted costs and revenues:

???????????????????????????????????????????????????????? $ per unit

Sales price??????????????????????????????????????????? 50

Variable production cost?????????????????????? 18

Fixed production cost??????????????????????????? 10

In the most recent period, 2,000 units were produced and 1,000 units were sold. Actual sales price, variable production cost per unit and total fixed production costs were all as budgeted. Fixed production costs were over-absorbed by $4,000. There was no opening inventory for the period.

What would be the reduction in profit for the period if the company has used marginal costing rather than absorption costing?

Which of the following costing methods is most likely to be used by a company involved in the manufacture of liquid soap?

PQR sells one product. The cost card for that product is given below:

??????????????????????????????????????????????????????????????????????????????? ????? $

Direct materials???????????????????????????????????????????????????????????? 4

Direct labour??????????????????????????????????????????????????????????????????5

Variable production overhead?????????????????????????????????????? 3

Fixed production overhead??????????????????????????????????????????? 2

Variable selling cost??????????????????????????????????????????????????????3

The selling price per unit is $20. Budgeted fixed overheads are based on budgeted production of 1,000 units. Opening inventory was 200 units and closing inventory was 150 units. Sales during the period were 800 units and actual fixed overheads incurred were $1,500.

What was the total contribution earned during the period?