题目

This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

The ABC Company manufactures two products, Product Alpha and Product Beta. Both are produced in a very labour-intensive environment and use similar processes. Alpha and Beta differ by volume. Beta is a high-volume product, while Alpha is a low-volume product. Details of product inputs, outputs and the costs of activities are as follows: 


Fixed overhead costs amount to a total of $420,000 and have been analysed as follows:   

                                                                                                             $ 

Volume-related                                                                          100,000 

Purchasing related                                                                   145,000 

Set-up related                                                                            175,000 

Using a traditional method of overhead absorption based on labour hours, what is the overhead cost per unit for each unit of product Alpha?

Chapter2aActivitybasedcosting

Overhead absorption rate =               Total  overhead cost                 

                                                    Total number of direct labour hours

  Overhead absorption rate =                           $420,000                

                                                         66,000 Direct labour hours

Overhead absorption rate = $6.36 per labour hour. Alpha uses 5 direct labour hours per unit so will have an overhead cost per unit of 5 hours × $6.36 per hour = $31.82. 

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 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Summary financial statements are given below for JE, the division of a large divisionalised company: 


The cost of capital for the division is estimated at 11% each year. The annual rate of interest on the long-term loans is 9%. All decisions concerning the division’s capital structure are taken by central management. 

What is the divisional return on capital employed (ROCE) for the year ended 31 December? 

This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Pro is a division of Mo and is an investment centre.  The head office controls finance, HR and IT expenditure but all other decisions are devolved to the local centres. 

The statement of financial position for Pro shows net value of all assets and liabilities to be $4,500m.  It carries no debt itself although the group has debt liabilities. 

The management accounts for income read as follows:  

                                                                                          $m  

Revenue                                                                      3,500  

Cost of sales                                                              1,800 

Local administration                                                    250

IT costs                                                                             50 

Distribution                                                                      80 

Central administration                                                  30 

Interest charges                                                             90 

Net profit                                                                     1,200 

Ignore taxation. 

If the cost of capital is 12%, what is the division’s residual income?  

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

Pro is a division of Mo and is an investment centre.  The head office controls finance, HR and IT expenditure but all other decisions are devolved to the local centres. 

The statement of financial position for Pro shows net value of all assets and liabilities to be $4,500m at the start of the year and $4,890m at the end.  It carries no debt itself although the group has debt liabilities. 

The management accounts for income read as follows:  

                                                                                    $m  

Revenue                                                                 3,500  

Cost of sales                                                        1,800 

Local administration                                              250 

IT costs                                                                       50 

Distribution                                                                80 

Central administration                                            30 

Interest charges                                                       90 

Net profit                                                               1,200 

Ignore taxation. 

 What is the divisional ROI to the nearest % point? 

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

At the end of 20X1, an investment centre has net assets of $1m and annual operating profits of $190,000. However, the bookkeeper forgot to account for the following: 

A machine with a net book value of $40,000 was sold at the start of the year for $50,000, and replaced with a machine costing $250,000. Both the purchase and sale are cash transactions. No depreciation is charged in the year of purchase or disposal. The investment centre calculates return on investment (ROI) based on closing net assets. 

Assuming no other changes to profit or net assets, what is the return on investment (ROI) for the year?

 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever version of the exam they are taking. 

TM plc makes components which it sells internally to its subsidiary RM Ltd, as well as to its own external market. 

The external market price is $24.00 per unit, which yields a contribution of 40% of sales. For external sales, variable costs include $1.50 per unit for distribution costs, which are not incurred on internal sales. 

TM plc has sufficient capacity to meet all of the internal and external sales. The objective is to maximise group profit.

 At what unit price should the component be transferred to RM Ltd? 

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