Kế toán quản trị 1 (Học viện Tài chính)

The following statements relate to management accounting and financial accounting:

(1) Management accounting provides information to people outside an organization to enable them to make decisions.

(2) Financial accounting provides information to facilitates the production of annual accounts.

Which of the following is/are correct?

• Statement 1

• None

• Statement 2

• Both

A particular cost is fixed in total for a period. What is the effect on the cost per unit of a reduction in activity of 50%?

• A. Cost per unit increases by 50%

• Cost per unit is unchanged

• Cost per unit increases by 100%

• Cost per unit reduces by 50%

Answer explanation

Suppose fixed costs for a period = $10,000 and activity in period=10,000 units.

A reduction in activity of 50% therefore causes the fixed cost per unit to increase from $1 to
$2, i.e. an increase in cost per unit of 100%

Which line-up as follows is suitable for a product life cycle?

• A. Introduction, Growth, Decline, Maturity

• B. Introduction, Decline, Maturity, Growth

• C. Introduction, Decline, Growth, Maturity

• D. Introduction, Growth, Maturity, Decline

Which stage of a product life is aimed by target costing?

• A. Maturity stage

• B. Development and design stage

• C. Growth stage

• D. Introduction stage

ABC systems assign overheads to:

• A. Each department

• B. Each major activity

• C. Each function

• D. Each cost centre

Which of the following costs are fixed per unit, but change in total, as production level change?

• A. Variable costs

• B. Fixed costs

• C. Direct costs

• D. Step costs

In a typical cost ledger, what is the double entry for indirect labour cost incurred?

• A. DR Factory Overhead control CR Wages control

• B. DR Admin overhead control CR Wages control

• C. DR Wages control CR Factory Overhead control

• D. DR Wages control CR Admin overhead control

What does an activity (production volume) ratio 105%?

• A. That the budget hours were greater than the actual hours

• B. That the actual hours worked were less than the standard hours of actual output.

• C. That the actual hour worked exceeded the flexible budget

• D. That the standard hours of actual output exceeded the fixed budget hours.

Which statement about equivalent units is true?

• Equivalent units are notional part units which represent incompleted work

• Equivalent units are notional whole units which represent completed work

• Equivalent units are notional part units which represent completed work

• Equivalent units are notionalwhole units which represent incompleted work

The statement 'a budget which is designed to remain unchanged regardless of the volume of output or sales achieved' is the term of?

• A. Flexed Budget

• B. Fixed Budget

• C. Flexible Budget

• D. Budget