Bài tập LMS bài số 3 chương 3 KTQT 2 | Đại học Công nghiệp TPHCM

Bài tập LMS bài số 3 chương 3 KTQT 2 | Đại học Công nghiệp TPHCMBài tập LMS bài số 3 chương 3 KTQT 2 | Đại học Công nghiệp TPHCMBài tập LMS bài số 3 chương 3 KTQT 2 | Đại học Công nghiệp TPHCM

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Alpha Sports Company manufactures high quality sports products Products are sold in the local as well as international markets The company uses a well-established standard costing system to control costs One of the products of Alpha Supports Company is a cricket bat The standard requirements to manufacture one bat are as follows:

Direct materials: 5 feet wood at £0.60 per foot Direct labor: 1.2 hours at £14 per hour

During the last month, Alpha manufactured 4,000 cricket bats 50,000 feet wood was purchased at 0.56 per foot 20,000 feet wood was in stock at the end of the month 6,400 direct labor hours were worked at £15 per hour

Required: Compute direct materials usage variance

Select one:

a £6,000 (A)

b £6,000 (F) c £2,000 (F) d £2,000 (A)

Câu Hỏi 2 Đúng Đạt điểm 1,00 trên 1,00

The information of fixed production overhead cost extracted from standard cost card is 2 hours at £3.70 per hour Budgeted output for May was 5,100 units During the month, 4,850 units were produced and fixed overheads amounted to £42,300

What is the fixed overhead expenditure variance?

Select one:

3 £4560AN

b £6,410F c £4560F

d £6,410A

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During the month of December, actual direct labor cost amounted to £39,550, the standard direct labor rate was £10 per hour and the direct labor rate variance amounted to £450 favorable The

actual direct labor hours worked were:

Select one: a 3,910 hours

b 4,000 hours

c 4,500 hours d 3,955 hours

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

Examine the following relating to Job NE1: Standard hours worked 112 Actual hours worked 130 Standard wage rate £5.40 Actual wage rate £4.95 The wage rate variance for Job NE‘1 Is:

Select one:

a £58.50 (adverse) b £97.20 (adverse) c £97.20 (favorable) d £ 58,50 (favorable)

Trang 4

Examine the following data relating to material B1 Standard price per Kg £40

Standard usage per unit 3.5 Kg Actual price per Kg £42 Actual usage per unit 3.8 Kg The material price variance would be:

Select one:

a £17.60 (favorable)

b £7.60 (adverse)

c £12.00 (adverse) d £7.00 (adverse)

Cau Hoi 6 Đúng Đạt điểm 1,00 trên 1,00

Examine the following relating to Job 124:

Standard hours worked 28.0 Actual hours worked 26.5 Standard wage rate £ 5.60 Actual wage rate £ 6.05

The labor efficiency variance for Job 124 would be:

Select one: a £11.93 (A) b £9.08 (F) c £3.53 (A)

d £8.40 (FY

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Which of the following terms would NOT be considered a quantity variance associated with a product's inputs under a standard costing system?

Select one:

Efficiency variance b Usage variance

C- Rate varia nce

“The standard production overhead cost per unit = the predetermined overhead rate x the activity index quantity standard” This formula is:

Select one:

a True

b False

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Company Xs standard variable production overhead cost was £20 per hour calculated on the basis of machine hours According to standards, the company took 1 hour to complete three units During the month of June, the company operated for 4,100 hours and manufactured 12,000 units of product The actual variable production overhead cost for June was £84,050

The variable production overhead efficiency variance for June was:

Select one: a £2,050 favorable b £2,000 favorable

c £2,000 adverse

d £2,050 adverse

Cau Hoi 10 Đúng Đạt điểm 1,00 trên 1,00

The following data relates to direct labor costs for June:

b £8.5

d £75

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During the last month, Alpha manufactured 4,000 cricket bats 50,000 feet wood was purchased at 0.56 per foot 20,000 feet wood was in stock at the end of the month 6,400 direct labor hours were worked at £15 per hour

Required: Compute direct labor rate variance

Select one: a £6,400 (F)

b £6,400 (A)V

c £22,400 (F) d £22,400 (A)

Trang 8

Examine the following data relating to material 5RT: Standard price per kg £12.50

Standard usage per unit 21 kg Actual price per kg £13.75 Actual usage per unit 19 kg The material price variance will be:

Select one:

a £25.00 (F)

b £25.00(A) c £23.75 (F)

d £23.75 (A)

The difference between a budget and a standard is that

Select one:

a A budget expresses a total amount while a standard expresses a unit amount./ b A budget expresses management's plans, while a standard reflects what actually happened c A budget expresses what costs were, while a standard expresses what costs should be d Standards are excluded from the cost accounting system, whereas budgets are generally incorporated

into the cost accounting system

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The standard cost of one unit of product X includes 2 hours of direct labor at £7.50 per hour The company’s labor rate variance was £80 adverse and labor efficiency variance was £30 favorable 250 units were produced The actual labor hours were:

Select one:

a 504 hours b 514 hours

C- 500 hours

d 496 hours”

Examine the following relating to Job C3: Standard hours worked 12.0 Actual hours worked 11.5 Standard wage rate £5.60 Actual wage rate £6.00 The total labor variance for Job C3 is:

Select one:

a £7.40 (favorable) b £2.80 (favorable) c £4.60 (adverse)

d £1.80 (adverse)

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The Up company established the direct materials cost standards for one unit of product X as follows: Standard quantity: 4 kg

Standard price: £5/kg During the month of June, the company purchased 21,000 kg of direct materials at a cost of £104,580 and produced 5,000 units of product X using 19,750 kg of direct materials The direct materials usage variance for June was:

During the last month, Aloha manufactured 4,000 cricket bats 50,000 feet wood was purchased at 0.56 per foot 20,000 feet wood was in stock at the end of the month 6,400 direct labor hours were worked at £15 per hour

Required: Compute direct labor efficiency variance

Select one:

a £22,400 (A)

b £6,400 (F) c £22,400 (F) d £6,400 (A)

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The following data are available with regard to a product for April:

Blue Ocean Ltd Produces a product requiring 10 kilograms of material at £1.50 per kilogram The company produced 10,000 products during March resulting in a £30,000 adverse materials usage variance How much direct material did Blue Ocean use during March?

Select one:

a 100,000 kg

b 120,000 ke c 200,000 kg

d 145,000 kg

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The investigation of direct materials price variance usually begins in the

Select one: a finance department b purchasing department’ c production department

d controller's office

<4 Exam 2 - Chapter 2 Chuyển tới v Lớp thứ 5( tiết 10-12) >