Bài tập LMS bài số 1 chương 1 KTQT 2 | Đại học Công nghiệp TPHCM

Bài tập LMS bài số 1 chương 1 KTQT 2 | Đại học Công nghiệp TPHCMBài tập LMS bài số 1 chương 1 KTQT 2 | Đại học Công nghiệp TPHCMBài tập LMS bài số 1 chương 1 KTQT 2 | Đại học Công nghiệp TPHCM

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Nhà của tôi > Các khoá học của tôi > KẾ TOÁN QUAN TRỊ 2 ( HỌC KỲ 1 / 2023 - 2024) > BÀI KIỂM TRA - QUIZ ONLINE > Exam 1 - Chapter 1

KE TOAN QUAN TRI 2( HOC KY 1 / 2023 - 2024) Exam 1 - Chapter 1 Bắt đầu vào lúc Tuesday, 26 September 2023, 3:09 PM

Trạng thái Đã xong Kết thúc lúc Tuesday, 26 September 2023, 3:54 PM Thời gian thực hiện 44 phút 56 giây

Điểm 18,00/20,00 Điểm 9,00 trên 10,00 (90%)

Typo Ltd's budget for the year ended 31 December 20X8 is as follows

b £4 400 loss c £3,400 profit d £2,600 profit

The following cost details relate to one unit of product X:

The following information relates to the latest period

Variable labor is paid at £12 per hour e Fixed production overhead incurred of £214,500 was the same as budgeted for the period e Fixed production overhead is absorbed on the basis of labor hours

e The value of the closing inventory of product X using absorption costing was £81,250 e The value of the closing inventory of product Y using absorption costing was £86,800 The value of the closing inventory of product X in a marginal costing system will be:

Select one: a £49,000 b £442,000 c £392,000

d £65,000X/

Câu Hỏi 4 Đúng Đạt điểm 1,00 trên 1,00

Which two of the following statements are advantages of marginal costing as compared with absorption costing?

Select one or more:

a It is more appropriate when there are strong seasonal variations in sales demand b It ensures the company makes a profit

c It complies with accounting standards d Itis more appropriate for short-term decision-making

e Fixed costs are treated in accordance with their nature (ie, as period costs)“

In March, a company had a marginal costing profit of £78,000 Opening inventories were 760 units and closing inventories were 420 units The company is considering changing to an absorption costing system What profit would be reported for March, assuming that the fixed overhead absorption rate is £5 per unit?

Select one:

a £74,200

b £80,200 c £76,400 d £76,300

A company manufactures product S and product T The following information relates to the latest period

Product S

Variable labor is paid at £12 per hour

Product T £48 £50

4,000

16,000

Fixed production overhead incurred of £214,500 was the same as budgeted for the period Fixed production overhead is absorbed on the basis of labor hours

Fixed production overhead is absorbed rate = £214,500/(17,000 + 16,000)

=£6.50 per labor hour The value of the closing inventory of product S using absorption costing was £65,000 If marginal costing had been used the full production cost per unit of product S would have been

Select one: a £142.00

b £160.00 c £153.15 d £16250%/

A company budgets during its first year of operations to produce and sell 15,000 units per quarter of its product at a selling price of £25 per unit Budgeted costs are as follows:

£ per unit

In the first quarter the unit selling price, variable unit cost and expenditure on fixed production costs were as budgeted The sales volume was 15,000 units and closing inventory was 1,000 units The marginal costing profit for the quarter was:

Select one:

a £151,875 b £150,000“ c £113,250 d £112,000

The following information relates to the latest period

Product X

Other variable production costs per unit £70

Variable labor is paid at £12 per hour

Product Y £48

£50 4,000 16,000

e Fixed production overhead incurred of £214,500 was the same as budgeted for the period e Fixed production overhead is absorbed on the basis of labor hours

e The value of the closing inventory of product X using marginal costing was £91,000 e The value of the closing inventory of product Y using marginal costing was £58,800 The value of the closing inventory of product Y in an absorption costing system will be

Select one:

a £74,400V

b £118,950 c £69,550

d £60,775

Norbury plc has just completed its first year of trading The following information has been collected from the accounting records:

£ Variable cost per unit

Fixed costs

Production was 75,000 units and sales were 70,000 units The selling price was £8 per unit throughout the year Calculate the manufacturing cost per unit, on an absorption costing basic, is

Select one: a £7.10

b £730 Cc £8.20 d £7.20V

Iddon Ltd makes two products, Pye and Tan, in a factory divided into two production departments, Machining and Assembly Both Pye and Tan need to pass through the Machining and Assembly departments In order to find a fixed overhead cost per unit, the following budgeted data are relevant:

Budgeted production is 4,000 units of Pye and 4,000 units of Tan (8,000 units in all) and fixed overheads are to be absorbed by reference to labor hours What is the budgeted fixed overhead cost of a unit of Pye?

Select one:

a £19 b £28 c £20 d £24

Câu Hỏi 11 Đúng Đạt điểm 1,00 trên 1,00

A company had opening inventory of 49,500 units and closing inventory of 45,500 units Profits based on marginal costing were £315,250 “Oo costing were £288,250 What is the fixed overhead absorption rate per unit?

Select one:

a £5.94 b £6,750 C £6.34

d £6.50

When comparing the profits reported under marginal and absorption costing, when the levels of inventories increased (assuming unit variable and fixed costs pre constant)

Select one: a Absorption costing profits will be higher and closing inventory valuations higher than those under marginal costing b Absorption costing profits will be lower and closing inventory valuations higher than those under marginal costing c Absorption costing profits will be higher and closing inventory valuations lower than those under marginal costing d Absorption costing profits will be lower and closing inventory valuations lower than those under marginal costing

Câu Hỏi 13 Đúng Đạt điểm 1,00 trên 1,00

ABC Co.,Ltd has just completed its first year of trading The following information has been collected from the accounting records:

£ Variable cost per unit

Fixed costs

Production was 75,000 units and sales were 70,000 units The selling price was £10 per unit throughout the year Oo The profit calculated on the absorption cost basis compared with the profit calculated on the marginal cost basis is:

Select one: a £6,000 lower b £62,500

c £68,500

d £6,000 higher’

A company budgets during its first year of operations to produce and sell 15,900 units per quarter of its product at a selling price of £24 per unit Budgeted costs are as follows:

£ per unit

In the first quarter the unit selling price, variable unit cost and expenditure on fixed production costs were as budgeted The sales volume was 16,000 units and closing inventory was 400 units The absorption costing gross profit for the quarter was

Select one:

a- £212,000

V

b £208,000 © £210,750

£280,250

Cau Hoi 15 Sai Đạt điểm 0,00 trên 1,00

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

The variable cost per clock is £30 Fixed costs in September were, as budgeted, £5,000 Using marginal costing the contribution and profit for September would be calculated as

Select one: a Contribution: £11,000, Profit: £16,000 b Contribution: £15,000, Profit: £10,000 c Contribution: £16,000, Profit: £11,000 d Contribution: £25,000, Profit: £1 6,000 *

A company budgets during its first year of operations to produce and sell 15,000 units per quarter of its product at a selling price of £25 per unit Budgeted costs are as follows:

£ per unit

In the first quarter the unit selling price, variable unit cost and expenditure on fixed production costs were as budgeted The sales volume was 15,000 units and closing inventory was 1,000 units The absorption costing profit for the quarter was:

Select one:

a £113,250 b £151,875 c £110,750% d £112,000

A company produces a single product for which cost and selling price details are as follows:

£ per unit £ per unit

Select one:

a £72,500 b £79,500 c £77,600 d £77,500

The following information relates to the latest period

Product X

Other variable production costs per unit £70

Variable labor is paid at £12 per hour

Product Y £48

£50 4,000

Select one:

a £68,600X( b £49,000 c £65,000 d £392,000

The following cost details relate to one unit of product MC

The following cost details relate to one unit of product X:

Variable materials Variable labor Production overheads

Variable Fixed Selling and distribution overheads

Variable Fixed

Total cost

The value of a closing inventory of 6,500 units of product X in an absorption costing system will be:

Select one:

a £269,750 b £118,950 c £125,775 d £186,550X(

< CHAPTER 3

4 £ per unit

9.50 8.50

1.35 9.35

9.50 3.3 ©

1.5 iO