題目

?X plc intends to use relevant costs as the basis of the selling price for a special order: the?printing of a brochure. The brochure requires a particular type of paper that is not regularly?used by X plc although a limited amount is in X plc’s inventory which was left over from a?previous job. The cost when X plc bought this paper last year was $15 per ream and there?are 100 reams in inventory. The brochure requires 250 reams. The current market price of?the paper is $26 per ream, and the resale value of the paper in inventory is $10 per ream.?

What is the relevant cost of the paper to be used in printing the brochure??

A

?$2,500?

B

?$4,900?

C

?$5,400?

D

?$6,500?

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Chapter6Short-termdecisions

The book value is not relevant as it is a sunk cost. The relevant cost of the paper in?inventory is the resale value as that is its next best use. The remaining material required?must be bought at the replacement cost of $26.?

100 reams @ $10? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $1,000?

150 reams @ $26? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $3,900??

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ––––––?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $4,900?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?––––––?

多做幾道

?The following statements have been made about material price planning variances:?

(1) The publication of material price planning variances should always lead to automatic?updates of standard costs.?

(2) The causes of material price planning variances do not need to be investigated by?managers at any level in the organisation.?

Which of the above statement(s) is/are true??

A

?(1) only?

B

?(2) only?

C

?Neither (1) nor (2)?

D

?Both (1) and (2)?

?Leaf limited has had a mixed year. Its market share has improved two percentage points to?20% but the overall market had contracted by 5% in the same period.? The budgeted sales?were 504,000 units and standard contribution was $12 per unit.?

?What is the level of actual sales??

A

?Two percentage points up on budget at 510,080 units?

B

?Three percent down overall on budget at 488,880 units?

C

?Three percent up on budget at 519,120 units?

D

?Up by a little over five and a half percent to 532,000 units?

?The finance director of Paint Mixers Ltd has produced the table below showing the variance?results for the first three months of the year:?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?January? ? ? ? ? ? ? ? ? ? February? ? ? ? ? ? ? ? ? ?March?

Material price variance? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? $3,000 A? ? ? ? ? ? ? ? ? ?$2,000 A? ? ? ? ? ? ? ? ?$1,000 A?

Material mix variance? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$2,000 A? ? ? ? ? ? ? ? ? ? ? $750 A? ? ? ? ? ? ? ? ? ? ?$100 F?

Material yield variance? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?$4,000 A? ? ? ? ? ? ? ? ? ?$2,000 A? ? ? ? ? ? ? ? ? ? ? ? $50F?

Which of the following interpretations of the variances analysis exercise above is NOT?correct???

A

?The purchasing manager should be able to threaten to switch suppliers to get better?deals and address the adverse material price variance?

B

?The materials mix variance is entirely under the control of the production manager?

C

?The favourable yield variance in March could be the result of operational efficiency?

D

?The responsibility for the initial poor performance must be borne by both the?purchasing manager and the production manager?

?The following statements have been made in relation to the use of standard costs in rapidly?changing environments:?

(1) Variance analysis results will take into account important criteria such as customer?satisfaction or quality of production.?

(2) Achieving standards is suitable in most modern manufacturing environments.?

Which of the above statement(s) is/are true??

A

?(1) only?

B

?(2) only?

C

?Neither (1) nor (2)?

D

?Both (1) and (2)?

?The following statements have been made about planning and control as described in the?three tiers of Robert Anthony’ s decision-making hierarchy:?

(1) Strategic planning is concerned with making decisions about the efficient and?effective use of existing resources.?

(2) Operational control is about ensuring that specific tasks are carried out efficiently?and effectively.?

Which of the above statements is/are true??

A

?(1) only?

B

?(2) only?

C

?Neither (1) nor (2)?

D

?Both (1) and (2)?

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