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over which of the following is the manager of a profit Center likely to have control? i) selling prices ii) controllable costs iii) apportioned head office costs iv) capital investment in the center

• a. all of the above

• b. i,ii,iii

• c. i,ii,iv

• d. i and ii

A manufacturing company has the following budgeted and actual results for the year:

Budgeted fixed overhead expenditure: $504,000

Budgeted activity: 42,000 machine hours

Actual fixed overhead expenditure: $515,000

Actual activity: 45,000 machine hours

What is the result of using the pre-determined fixed overhead rate for the year?

• A. $11,000 under-absorbed

• B. $25,000 under-absorbed

• C. $25,000 over-absorbed

• D. $36.000 over absorbed

Q53.Which of the following is not a stockholding cost;

• A. The opportunity cost of capital tied up

• B. The cost of insurance

• C. Shipping and handling costs

• D. Stock obsolescence

A pet food company incur the following costs for each year of its three different markets

Dog food: $1.345.000

Cat food: $2,300,000

Food supplements: $985,000

If a pie chart were used to represent the proportion of costs incurred by each area, what would be the angle of the section representing cat food?

• A 179 degrees

• B. 77 degrees

• C. 120 degrees

• D. 106 degrees

Under which sampling method is the population divided into categories?

• a. Systematic

• b. Quota

• c. Random

• d. stratified (phân tầng)

Q57.In a typical cost ledger, what is the double entry for indirect labor cost incurred?

• A. DR Wages control CR Factory Overhead control

• B. DR Admin overhead control CR Wages control

• C. DR Factory Overhead control CR Wages control

• D. DR Wages control CR Admin overhead control

Data relating to one particular stores item are as follows:

Average daily issues: 70 units

Maximum daily issues: 90 units

Minimum daily issues: 50 units

Lead time for the replenishment of stock 11 to 17 days

Reorder quantity 2,000 units

Reorder level 1,800 units

What is the maximum stock level (in units) for this store item?

• A. 2,950

• B. 3,100

• C. 3.250

• D. 3,800

The information available for a process for the month of December is as follows:

Opening WIP 12,000 units (degree of completion: 40%)

Material cost: $33,600 Conversion costs: $22,980

Materials added 48,000 units at a cost of $144,000

Conversion costs $307,500

Closing WIP 15,000 units (degree of completion: 60%)

All material is input at the start of the process whereas conversion occurs evenly through the process. What is the value of closing WIP at 31 December, using the Weighted average method of valuation?

• A. $84,680

• B. $99,480

• C. $101,250

• D. $136,200

A company uses process costing to establish the cost per unit of its output.

The following information was available for the last month:

| Input

Output

Opening stock

110,000 units 9,850 units 300 units,

100% complete for materials and 70% complete for conversion costs

Closing stock 450 units, 100% complete for materials and 30% complete for conversion costs

The company uses the weighted average method of valuing stock. What were the equivalent units for conversion costs?

• A. 9,505 units

• B. 9,715 units

• C. 9,775 units

• D. 9,985 units

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 $35,000

July$40,000

August$60,000

September $45,000

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

• A. $46.260

• B. $49,480

• C. $50.200

• D. $50.530