F2试题库.docx

F2试题库.docx

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F2试题库

Choicetwoortwoabovetrueanswerfrommutipleanswer

1、Whichofthefollowingsatementsaboutmanagementaccountsarefalse?

    （     ）

 A Theymustbestatedinpurelymonearyterms

 B Limitedcompaniesmust,bylaw,preparemangementaccounts

 C Theyserveasafutureplanningtoolandarenotusedanhistoricalrecord.

2 whichofthefollowingisthemanagerofaprofitcentrelikelytohavecontrol?

          （      ）

   A Sellingprices  

 B Controllablecosts

   C Apportionedheadofficecosts  

   D Capitalinvestmentinthecentre

3 Whichofthefollowingitemsmightbeasuitablecostunitwithinthecreditcontroldepartment?

  （         ）

   A   Stationerycost

   B   Customeraccount

   C   Chequereceivedandprocessed

Whichofthefollowingfunctionsarefulfilledbyagoodsreceivednote（GRN）?

     （    ）

   A Providesinformationtoupdatetheinventoryrecordsonreceiptofgoods

   B Providesinformationtocheckthequantityonthesupplier’sinvoice

   C Providesinformationtocheckthepriceonthesupplier’sinvoice.

8  Whichofthefollowingiscorrectwithregardtoinventories?

                                        （      ）

   A  Stock-outsarisewhentoolittleinventoryisheld.

   B  Safetyinventoriesarethelevelofunitsmaintainedincasethereisunexpecteddemand.

   C  Are-orderlevelcanbeestablishedbylookingatthemaximumusageandthemaximumlead-time.

whichofthefollowingstatementsaretrueaboutgroupbonusschemes?

     （    ）

   AGroupbonusschemesareappropriatewhenincreasedoutputdependsonanumberofpeopleallmakingexraeffort.

  B Withagroupbonusscheme,itiseasiertoawardeachindividual’sperformance

  C  Non-productionemployeescanberewardedaspartofagroupincenivescheme.

10 whichofthefollowingstatementsaboutpredeerminedoverheadabsorptionratesaretrue?

  （       ）

  A  Usingapredeteriminkedabsorptionrateavoidsfluctuationsinunitcostscausedbyabnormallyhighorlowoverhead expenditureoractivitylevels

B    Usingapredeterminedabsorptionrateofferstheadministraiveconvenienceofbeingabletorecordfullproducioncostssooner.

 C   Usingapredeerminedabsorptionrateavoidsproblemsofunder/overabsorptionofoverheadsbecauseaconstantrateisavailable.

11 Factoryoverheadscanbeabsorbedbywhichofthefollowingmehods?

 （      ）

  A Directlabourhours           B   Machinehours

  C Asapercenageofprimecost   D     perunit

12  TheproductinoverheadcontrolaccountforRLimitedattheendoftheperiodlookslikethis

                Productionoverheadcontrolaccount

                 $                         $

Storescontrol     22,800   workinprogress   404,800

Wagescontrol     180,400  Profitandloss      8,400

Expensecreditors  210,000                          

                 413,000                   413,200

Whichofthefollowingstatementsarecorrect?

     （    ）

 A Indirectmaterialissuedfrominventorywas$22,800

 B Overheadabsorbedduringtheperiodwas$210,000

 C Overheadfortheperiodwasoverabsorbedby$8,400

 D Indirectwagescostsincurredwere$180,400

13 Whichofthefollowingareacceptablebasesforabsorbingproductionoverheads?

 （       ）

       A  Directlabourhours

      B  Machinehours

      C  Asapercentageoftheprimecost

      D  Perunit

14 Whichofthefollowingmaybeconsideredtobeobjetivesofbudgeting?

   （      ）

     A Co-ordination     B  Communication

     C Expension        D  Resourceallocation

Inasituationwheretherearenoproductionresourelimitionswhichofthefollowingitemsofinformationmustbeavailablefortheproductionbudgettobecompleted?

   （     ）

     A  Salesvolumefromthedalesbudget

     B   Materialpurchasesfromthepurchasesbudget

     C  Budgetedchangeinfinishedgoodsinventory

     D  Stantarddirectlabourcostperunit

16   A masterbudgetcomprises :

   （     ）

     A Thebudgetedincomestatement

     B Thebudgetedcashflow

     C Thebudgetedbalancesheet

     D Theentiresetofbudgetsprepared

17 Whichofthefollowingareafunctionalbudget?

  （     ）

    A Cashbudget           B Productionbudget

    C Sellingcostbudget      D Distributioncostbudget

18 Whichofthefollowingwouldbedirectlyrelevanttothedeterminationofstandardlabourtimesperunitofoutput?

                      （    ）

         A Thetypeofperformancestandardtobeused

         B Thevolumeofoutputfromtheproductionbudget

     C Technicalspecificationsoftheproposed

productionmethods.

1.Standardcostingprovideswhichofthefollowing?

（    ）

       A Targetsandmeasuresofperformance

       B Informanceforbudgeting

       C Simplificationofinventorycontrolsystems

       D Actualfuturecosts.

20 Whichofthefollowingstatementsiscorrect?

 （     ）

   A Anadversedirectmaterialcostvariancewillalwaysbeacombinationofanadversematerialpricevarianceandanadversemaerialusagevariance

   B  Anadversedirectmaterialcostvariancewillalwaysbeacombinationofanadversemaerialpricevarianceandafavourablematerialusagevariance.

  C  Anadversedirectmaterialcostvariancecanbeacombinationofanadverse materialpricevarianceandafavourablemaerialusagevariance

  D   Anadversedirectmaterialcostvariancecanbeacombinationofafavourable materialpricevarianceandanadversemaerialusagevariance

21   whichofthefollowingwouldhelptoexplainafavourabledirectlabourefficiencyvariance?

（       ）

    A Employeeswereofalowerskilllevelthanspecifiedinthestandard

    B Betterqualitymaterialwaseasiertoprocess

    C Suggestionforimprovedworkingmethodswereimplementedduringtheperiod.

Whichofthefollowingstatementsaboutoverheadabsorptionratesarenottrue?

  （      ）

   A Theyarepredeterminedinadvanceforeachperiod

   B Theyareusedtochargeoverheadstoproducts

   C Theyarebasedonactualdataforeachperiod

   D Theyareusedtocontroloverheadcosts

26Whichoneofthefollowingstatementsaboutafixedbudgetarecorrect?

   A fixedbudgetis:

   （         ）

   A   A budgetwhichignoresinflation

   B   A budgetforfixedassets

   C   Abudgetwhichismostgenerallyusedforplanningpurposes

  D  A budgetforasinglelevelofactivity

  E  Abudgetforfixedcosts.

27  Ifamoreexpensive materialthanthestandardmaterialsusedintheproductionofproductA,Therewillbeanadversematerialpricevariance.Whichofthefollowingmightbeaninterrelatedvariance?

 （       ）

   A  Afavourablesalesvolunevariance

   B  Afavourablelabourefficiencyvariance

   C  Afavourablematerialusagevariance

   D  Afavourablesalespricevariance

30 Whichofthefollowingaredescriptionsofasemi-variablecosts?

       （        ）

   A Rentofaphotocopier;therentcostis$250permonthifthenumberofcopiestakenislessthan8,000.ifthenumberofcopiesexceeds8,000theminthlyrentalincreasesto$300

  B Hireofadeliveryvehicle:

thehirecostsis$800permonth,plus$0.07permiletravelled

  C  Apieceworkschemewithaguaranteeddayrate

31  Whichofthefollowingareclassifiedasdirectmaterials?

（    ）

    A  Cleaningmaterialsusedtocleanhefactoryfloor

    B  Componentpartsorderedforaspecificjob

    C  Partfinishedgoodstransferredintoaprocessfromanearlierprocess

    D  Maintenancematerialsusedtorepairmachines

32  Whichofthefollowingcriticismsofstandardcostingdon’tapplyinallcircumstance?

    （     ）

   A Standardcostingcanonlybeusedwherealloperationsarerepetitiveandoutputishomogeneous.

   B Standardcostingsystemscannotbeusedinenvironmentswhicharepronetochange.Theyassumestableconditions

   C Standardcostingsystemsassumethatperformancetostandardisacceptable.Theydonotencouragecontinuousinprovement.

33  Inasituationwheretherearenoproductionresourcelimitations,whichofthefollowingmustbeavailableforthematerialusagebudgettobe completed?

 （     ）

   A Standardmaterialusageperunit

   B Budgetedproductionvolume

   C Thebudgeted averageleadtimefordeliveryofmaterials

   D budgetedchangeinmaterialinventory.

34 Whichofthefollowingstatementsaboutastandardhourarecorrect?

 Astandardhouris:

 （    ）

   A Alwaysequivalenttoaclockhour

   B Usefulformonitoringoutputinastandardcostingsystem

   C Anyhourduringwhichnoidletimeocurs

   D Thequantityofworkachievableatstandardperformanceinanhour.

   E Abasisformeasuringoutputwhendissimilarproductsaremanufacturd

   F Anhourthroughoutwhichunitsofthesametypearemade.

35.whichofthestatementsaretrue?

（      ）

   A ifasampleisselectedusingrandomsampling,itwillbefreefrombias

 B asamplingframeisanumberedlistofallitemsinasample

 C clustersamplingisanonprobabilitysamplingmethod

 D inquotasampling,investigatorsaretoldtointerviewallthepeopletheymeetuptoacertainquota.

36.whichofthefollowingaretrue?

（      ）

  A withFIFIO,theinventoryvaluationwillbeveryclosetoreplacementcost

  B withLIFO,inventoriesareissuedatapricewhichisclosetothecurrentmarketvalue

  C decisionmakingcanbedifficultwithbothFIFOandLIFObecauseofthevariationsinprices.

  D adisadvantageoftheweightedaveragemethodofinventoryvaluationisthattheresultingissuepricei