Chap 4+8 kế toán quản trị

• A £85,355

• B £117,562

• C £125,603

• D £172,430

• A £52,000

• B £53,150

• C £260,000

• D £442,000

Ticktock Ltd makes clocks with a selling price of £50 per clock. Budgeted production and sales volume is 1,000 clocks per month. During September 1,000 clocks were made and 800 clocks were sold. There was no opening inventory.

The variable cost per clock is £25. Fixed costs in September were, as budgeted, £5,000.

Using marginal costing the contribution and profit for September would be calculated as

• A Contribution: £25,000, Profit: £20,000

• B Contribution: £20,000, Profit: £15,000

• C Contribution: £20,000, Profit: £16,000

• D Contribution: £25,000, Profit: £16,000

Which three of the following statements concerning marginal costing are true?

• A Marginal costing is an alternative method of costing to absorption costing.

• B Contribution is calculated as sales revenue minus fixed cost of sales.

• C Closing inventories are valued at full production cost.

• D Fixed costs are treated as a period cost and are charged in full to the income statement of the accounting period in which they are incurred.

• E Marginal cost is the cost of a unit which would not be incurred if that unit were not produced.

Which two of the following statements concerning marginal costing systems are true?

• A Such systems value finished goods at the variable cost of production.

• B Such systems incorporate fixed overheads into the value of closing inventory

• C Such systems necessitate the calculation of under- and over-absorbed overheads.

• D Such systems write off fixed overheads to the income statement in the period in which they were incurred.

The absorption costing profit for the quarter was

• A £110,750

• B £112,000

• C £112,250

• D £113,250

Which of the following statements about profit measurement under absorption and marginal costing is true (assuming unit variable and fixed costs are constant)?

• A Profits measured using absorption costing will be higher than profits measured using marginal costing.

• B Profits measured using absorption costing will be lower than profits measured using marginal costing.

• C Profits measured using absorption costing will be either lower or higher than profits measured using marginal costing

• D Profits measured using absorption costing may be the same as, or lower than, or higher than profits measured using marginal costing.

f the number of units of finished goods inventory at the end of a period is greater than that at the beginning, marginal costing inventory will result in (assuming unit variable and fixed costs are constant)

• A less operating profit than the absorption costing method

• B the same operating profit as the absorption costing method

• C more operating profit than the absorption costing method

• D more or less operating profit than the absorption costing method depending on the ratio of fixed to variable costs

• A £24,260 lower

• B £5,160 higher

• C £5,160 lower

• D £24,260 higher

• A £22,500 lower

• B £10,000 lower

• C £10,000 higher

• D £22,500 higher