bộ thứ 2 F2

1.    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

• A.   A semi- variable cost

• A.   A fixed cost

• A.   A variable cost

• A.   A step cost

1.    What is the “lead time” in inventory control?

• A.   The time between placing an order with a supplier, and the inventory becoming available for use

• A.   The time between placing an order with a supplier, and time purchasing department receiving inventory

• A.   The time inventory be used from maximum inventory level to minimum inventory level

• A.   The time inventory be used from production department making a request to purchasing department placing an order

1.    Which of the following is the best describe of “EOQ”

• A.   The economic order quantity (EOQ) is the order quantity which minimises inventory purchasing costs

• A.   The economic order quantity (EOQ) is the order quantity which minimises inventory ordering costs

• A.   The economic order quantity (EOQ) is the order quantity which minimises inventory holding costs

• A.   The economic order quantity (EOQ) is the order quantity which minimises inventory costs

1.    Which statement as follow is the best describe about overtime premium

• A.   Overtime premium is the whole of the payments for overtime hours

• A.   Overtime premium is the extra rate per hour which is paid, not the whole of the payment for overtime hours

• A.   Overtime premium is the basic rate which is paid for overtime hours

• A.   Overtime premium is the extra rate per hour which is paid for specific job

1.    Re-apportionment is a stage, in that:

• Overhead is allocated to one cost centre

• A.   Overhead is shared to more than one cost centre

• A.   Overhead is shared from service centres to production centres

• A.   Overhead is shared from production centres to service centres

1.    What is one of principles of marginal costing?

• A.   Period fixed costs are the same, for any volume of sales and production

• A.   Period variable costs are the same, for any volume of sales and production

• A.   Fixed costs are not the same at different levels of activity

• A.   Variable costs per unit are not the same at different levels of activity

1.    The statement “A plan of what the organisation is aiming to achieve and what it has as a target whereas a forecast is an estimate of what is likely to occur in the future” is the term of?

• A.   Budget

• A.   Fixed budget

• A.   Flexed budget

• A.   Flexible budget

1.    A company faces an annual demand of 2,000 units. It costs the company $1,000 for every order placed and $250 per unit of the product. It faces a holding cost of 10% of a unit cost annually. What is the economic order quantity?

• A.   200 units

• A.   400 units

• A.   2,000 units

• A.   none of above is correct

The firm uses periodic weighted average cost (AVCO) to value its inventory.

What is the inventory value at the end of the year (amount to the nearest dollar)?

• A.   $nill

• A.   $2,057

• A.   $2,400

• A.   $2,007

1.    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)?

• A.   $11.33

• B.   $11.67

• C.   $12.49

• D.   $12.60