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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%)
Trang 2Typo 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
Trang 3The following cost details relate to one unit of product X:
Trang 4The 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)“
Trang 5In 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
Trang 6A 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%/
Trang 7A 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
Trang 8The 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
Trang 9Norbury 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
Trang 10Iddon 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
Trang 11When 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’
Trang 12A 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 *
Trang 13A 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
Trang 14A 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
Trang 15The 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
Trang 16The following cost details relate to one unit of product MC
Trang 17The 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