快速查題-ACCA英國注冊會計師試題

A step fixed cost - when the vertical axis represents cost incurred.

A company determines its order quantity for a raw material by using the Economic Order Quantity (EOQ) model.What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?

Data relating to a particular stores item are as follows:?

Average daily usage??????????????????????????????????????????????????????????????? 400 units

Maximum daily usage????????????????????????????????????????????????????????????? 520 units

Minimum daily usage?????????????????????????????????????????????????????????????? 180 units

Lead time for replenishment of inventory 10 to 15 days?

Reorder quantity?????????????????????????????????????????????????????????????????????8,000 units

What is the reorder level (in units) which avoids stockouts (running out of inventory)?

The material stores control account for a company for March looks like this：

MATERIAL STORES CONTROL ACCOUNT?

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

Balance b/d?????????? 12,000?????????????? Work in progress?????????????????????????? ?40,000

Suppliers????????????? 49,000??????????????? Overhead control?????????????????????????? 12,000

Work in progress? 18,000?????????????????Balance c/d??????????????????????????????????? 27,000?

????????????????????????????? 79,000?????????????????????????????????????????????????????????????????????? ?79,000

Balance b/d??????????? 27,000

Which of the following statements are correct?

(i)?Issues of direct materials during March were $18,000

(ii)?Issues of direct materials during March were $40,000

(iii)?Issues of indirect materials during March were $12,000

(iv)?Purchases of materials during March were $49,000

A manufacturing company uses 25,000 components at an even rate during a year. Each order placed with the supplier of the components is for 2,000 components, which is the economic order quantity.The company holds a buffer inventory of 500 components. The annual cost of holding one component in inventory is $2.What is the total annual cost of holding inventory of the component?

For a particular component, the re-order quantity is 6,000 units and the average inventory holding is 3,400 units.What is the level of safety inventory (in whole units)?

The following data relate to inventory item A452:??

?Average usage???????? 100 units per day

Minimum usage???????? 60 units per day

Maximum usage???????130 units per day???

Lead time???????????????? ? 20-26 days???

EOQ????????????????????????? 4,000 units??

What is the maximum inventory level????

Where on the graph would you read off the value for the economic order quantity?

A company uses an item of inventory as follows.

Purchase price??????????????????????????? $25 per unit

Annual demand?????????????????????????? 1,800 units

Ordering cost????????????????????????????? ?$32

Annual holding cost??????????????????? $4.50 per unit

EOQ??????????????????????????????????????????? 160 units

What is the minimum total cost assuming a discount of 2% applies to the purchase price and to holding costs on orders of 300 and over?

A wholesaler had opening inventory of 300 units of product Emm valued at $25 per unit at the beginning of January. The following receipts and sales were recorded during January.

Date????????????????????????? ?2 Jan????????????????? ? ?12 Jan??????????????????21 Jan???????????????????? 29 Jan

???????????????????????????????????????????????????????????????? 400

Issues?????????????????????????250????????????????????????????????????????????????????? 200?????????????????????????? ?75

The purchase cost of receipts was $25.75 per unit. Using a weighted average method of valuation, calculate the value of closing inventory at the end of January.