Trắc nghiệm kế toán quản trị 1

What will absorption costing lead to the same profit as marginal costing:

• A. When the levels of inventory are constant

• B. When opening and closing inventory levels are the same

• C. When no inventory is held as opening inventory and no inventory is held as closing inventory

• D. When opening inventory level is greater than closing inventory level

• E. When closing inventory level is greater than opening inventory level

If an assembly line supervisor is paid a salary of $100 each week and an

additional $0.10 for every unit of production made in the week, this wage could

be described as

• semi- variable cost

• Fixed costs

• Variable costs

• Step costs

Sales revenue $15,200

Total direct material cost $2,600

Direct material price variance $800 favourable

Direct material usage variance $400 adverse

There was no change in inventory levels during the month

What was the actual production in February ?

• 1,100

• 500

• 366

• 866

In a process account, how are abnormal gain valued?

• A. At their scrap value

• B. The same as goods production

• C. At the cost of raw materials

• D. Similar to normal loss

Budgets for the various functions and departments of an organisation are:

• Master budgets

• Flexible budgets

• Fixed budgets

• Functional budgets

How are three statements on the determination of overhead absorption

rates:

(1) Costs can be allocated where it is possible to identify the department

that caused them

(2) Costs need to be apportioned where they are shared by more than one

department

(3) Service centre costs should not be included in unit overheads costs

• A. (1) and (2) only

• B. (2) and (3)

• C. (1) and (3)

• D. (1), (2) and (3)

The following data relates to a process for the month of May:

Input materials (500 units); $3,000

Labour and overhead: $2,670

Normal output is expected to be 9 units for every 10 units input

Actual output was 460 units. Every item lost has $1 of scrap value.

What is the cost per unit of finished output (to 2 decimal places)?

• $11.33

• $11.67

• $12.49

• $12.60

ABC system assign overheads to

• A. Each major activity

• B. Each function

• C. Each department

• D. Each cost center

Overheads related to only one cost centre should be

• Absorbed

• Re- apportioned

• Apportioned

• Allocated

Which of the following best describes overtime pay?

• A. Overtime pay is the total amount paid for extra hours worked

• B. Overtime pay is the additional rate for each hour paid, not the total amount paid for extra hours worked

• C. Overtime pay is the basic rate paid for extra hours worked

• D. Overtime pay is the additional rate for each hour paid for a specific job