快速查题-ACCA英国注册会计师试题

Standard costing provides which of the following?

(i) Targets and measures of performance

(ii) Information for budgeting

(iii) Simplification of inventory control systems

(iv) Actual future costs

A unit of product L requires 9 active labour hours for completion. The performance standard for product L allows for ten per cent of total labour time to be idle, due to machine downtime. The standard wage rate is $9 per hour. What is the standard labour cost per unit of product L?

A company manufactures a single product L, for which the standard material cost is as follows.

                                                        $ per unit

Material 14 kg x $3                               42

During July, 800 units of L were manufactured, 12,000 kg of material were purchased for $33,600, of which 11,500 kg were issued to production.

SM Co values all inventory at standard cost.

What are the material price and usage variances for July?

Extracts from a company's records from last period are as follows.

                                                                                      Budget                    ActuaI

Production                                                                  1,925 units               2,070 units

Variable production overhead cost                             $11,550                   $14,904

Labour hours worked                                                 5,775                        8,280

What are the variable production overhead variances for last period?     

A company has budgeted to make and sell 4,200 units of product X during the period.

The standard fixed overhead cost per unit is $4.

During the period covered by the budget, the actual results were as follows.

Production and sales                           5,000units

Fixed overhead incurred                       $17,500

What are the fixed overhead variances for the period?

A company manufactures a single product, and relevant data for December is as follows.     

                                                 Budget/standard                     Actual

Production units                               1,800                               1,900

Labour hours                                    9,000                              9,400

Fixed production overhead             $36,000                           $39,480

What are the fixed production overhead capacity and efficiency variances for December?   

Which of the following statements is correct?

A company is in the process of setting standard unit costs for next period. Product J uses two types of material, P and S. 7 kg of material P and 3 kg of material S are needed, at a standard price of $4 per kg and $9 per kg respectively.Direct labour will cost $7 per hour and each unit of J requires 5 hours of labour.Production overheads are to be recovered at the rate of $6 per direct labour hour, and general overhead is to be absorbed at a rate of ten per cent of production cost.What is the standard prime cost for one unit of product J?

What is an attainable standard?