快速查題-ACCA英國注冊會計師試題

What will be the formula to go in G8?

Budgeted production in a factory for next period is 4,800 units. Each unit requires five labour hours to make. Labour is paid $10 per hour. Idle time represents 20% of the total labour time.What is the budgeted total labour cost for the next period?

Which of the following statements are true? (i) A flexed budget allows businesses to evaluate a manager's performance more fairly (ii) A fixed budget is useful for defining the broad objectives of the organisation (iii) Relying on fixed budgets alone would usually give rise to massive variances

A Local Authority is preparing a cash budget for its refuse disposal department. Which of the following items would NOT be included in the cash budget?

The following details have been extracted from the receivables collection records of C Co.

Invoices paid in the month after sale?????????????? ? 60%

Invoices paid in the second month after sale??? ?25%

Invoices paid in the third month after sale?????????12%

Bad debts?????????????????????????????????????????????????????????? 3%

Invoices are issued on the last day of each month.

Customers paying in the month after sale are entitled to deduct a 2% settlement discount. Credit sales values for June to September are budgeted as follows.

????? ????? June????????????? ?? July?????????????? ?? August????????????? September

?????????? $35,000?????????? $40,000???????????? $60,000????????????? $45,000

What is the amount budgeted to be received from credit sales in September?

BDL plc is currently preparing its cash budget for the year to 31 March 20X8. An extract from its sales budget for the same year shows the following sales values.?

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

March?????????????? ?60,000

April?????????????????? 70,000

May?????????????????? 55,000

June???????????????? ?65,000

40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in the month after sale and take a2% discount; 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts.

What is the value of sales receipts to be shown in the cash budget for May 20X7?

An extract from a company's sales budget is as follows:

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

October???????????????????????????? 224,000

November???????????????????????? 390,000

December???????????????????????? 402,000

Ten per cent of sales are paid for immediately in cash. Of the credit customers, 30 per cent pay in the month following the sale and are entitled to a one per cent discount. The remaining customers pay two months after the sale is made.

What is the value of sales receipts shown in the company's cash budget for December?

Extracts from a company's budget are as follows:

?????????????????????????????????????????????????????????????????????????????????????? August????????????????????? ?September

Production units???????????????????????????????????????????????????????????? 12,600??????????????????????????? 5,500

Fixed production overhead cost incurred?????????????????????? ?$9,440?????????????????????????? $7,000

The standard variable production overhead cost per unit is $5. Variable production overhead is paid 70 per cent in the month incurred and 30 per cent in the following month.

Fixed production overhead cost is paid in the month following that in which it is incurred and includes depreciation of $2,280 per month.

What is the payment for total production overhead cost shown in the cash budget for September?

The following extract is taken from the production cost budget of S Co.

Production (units)?????????????? 2,000????????? ?? 3,000

Production cost ($)???????????? 11,100?????????? 12,900

What is the budget cost allowance for an activity level of 4,000 units?

The following details have been extracted from the payables' records of X Co:

Invoices paid?in?the month of purchase??????????????????????????????????????? 25%

Invoices paid?in?the first month after purchase??????????????????????????? ?70%

Invoices paid?in?the second month after purchase????????????????????????5%

Purchases for July to September are budgeted as follows:

July????????????????????? ?$250,000

August???????????????? ?$300,000

September????????? ?$280,000

For suppliers paid in the month of purchase, a settlement discount of 5% is received. What is the amount budgeted to be paid to suppliers in September?