F2试题库Word文档格式.docx

1、 C Apportioned head office costs D Capital investment in the centre3 Which of the following items might be a suitable cost unit within the credit control department? （ Stationery cost B Customer account Cheque received and processedWhich of the following functions are fulfilled by a goods received n

2、ote（ GRN）?（ Provides information toupdate the inventory records on receipt of goods Provides information to check the quantity on the suppliers invoice Provides information to check the price on the suppliers invoice. 8 Which of the following is correct with regard to inventories? Stock-outs arise w

3、hen too little inventory is held. Safety inventories are the level of units maintained in case there is unexpected demand. A re-order level can be established by looking at the maximum usage and the maximum lead-time.which of the following statements are true about group bonus schemes? A Group bonus

4、 schemes are appropriate when increased output depends on a number of people all making exra effort. With a group bonus scheme, it is easier to award each individuals performance Non-production employees can be rewarded as part of a group incenive scheme .10 which of the following statements about p

5、redeermined overhead absorption rates are true ? Using a predeteriminked absorption rate avoids fluctuations in unit costs caused by abnormally high or low overhead expenditure or activity levels Using a predetermined absorption rate offers the administraive convenience of being able to record full

6、producion costs sooner. Using a predeermined absorption rate avoids problems of under/over absorption of overheads because a constant rate is available.11 Factory overheads can be absorbed by which of the following mehods ? Direct labour hours Machine hours As a percenage of prime cost per unit12 Th

7、e productin overhead control account for R Limited at the end of the period looks like this Production overhead control account $ $Stores control 22,800 work in progress 404,800Wages control 180,400 Profit and loss 8,400Expense creditors 210,000413,000413,200Which of the following statements are cor

8、rect? Indirect material issued from inventory was $22,800 Overhead absorbed during the period was $210,000 Overhead for the period was over absorbed by $8,400D Indirect wages costs incurred were $180,400 13 Which of the following are acceptable bases for absorbing production overheads? Direct labour

9、 hours As a percentage of the prime cost Per unit14 Which of the following may be considered to be objetives of budgeting? Co-ordination Communication Expension Resource allocationIn a situation where there are no production resoure limitions which of the following items of information must be avail

10、able for the production budget to be completed? Sales volume from the dales budget Material purchases from the purchases budget Budgeted change in finished goods inventory Stantard direct labour cost per unit16 master budget comprises : The budgeted income statement The budgeted cash flow The budget

11、ed balance sheet The entire set of budgets prepared17 Which of the following are a functional budget? （ Cash budget Production budget Selling cost budget Distribution cost budget18 Which of the following would be directly relevant to the determination of standard labour times per unit of output? ） T

12、he type of performance standard to be used The volume of output from the production budget Technical specifications of the proposed production methods.1.Standard costing provides which of the following? Targets and measures of performance Informance for budgeting Simplification of inventory control

13、systems Actual future costs.20 Which of the following statements is correct? An adverse direct material cost variance will always be a combination of an adverse material price variance and an adverse maerial usage variance An adverse direct material cost variance will always be a combination of an a

14、dverse maerial price variance and a favourable material usage variance. An adverse direct material cost variance can be a combination of an adverse material price variance and a favourable maerial usage variance An adverse direct material cost variance can be a combination of a favourable material p

15、rice variance and an adverse maerial usage variance21 which of the following would help to explain a favourable direct labour efficiency variance? Employees were of a lower skill level than specified in the standard Better quality material was easier to process Suggestion for improved working method

16、s were implemented during the period.Which of the following statements about overhead absorption rates are not true? They are predetermined in advance for each period They are used to charge overheads to products They are based on actual data for each period They are used to control overhead costs26

17、 Which one of the following statements about a fixed budget are correct? fixed budget is : budget which ignores inflation budget for fixed assets A budget which is most generally used for planning purposes budget for a single level of activity E A budget for fixed costs.27 If a more expensive materi

18、al than the standard materials used in the productionof product A ,There will be an adverse material price variance. Which of the following might be an interrelated variance? A favourable sales volune variance A favourable labour efficiency variance A favourable material usage variance A favourable

19、sales price variance30 Which of the following are descriptions of a semi-variable costs? Rent of a photocopier; the rent cost is $250 per month if the number of copies taken is less than 8,000. if the number of copies exceeds 8,000 the minthly rental increases to $300 Hire of a delivery vehicle:the

20、hire costs is $800 per month ,plus $0.07 per mile travelled A piecework scheme with a guaranteed day rate31 Which of the following are classified as direct materials? Cleaning materials used to clean he factory floor Component parts ordered for a specific job Part finished goods transferred into a p

21、rocess from an earlier process Maintenance materials used to repair machines32 Which of the following criticisms of standard costing dont apply in all circumstance? Standard costing can only be used where all operations are repetitive and output is homogeneous. Standard costing systems cannot be use

22、d in environments which are prone to change. They assume stable conditions Standard costing systems assume that performance to standard is acceptable. They do not encourage continuous inprovement.33 In a situation where there are no production resource limitations,which of the following must be avai

23、lable for the material usage budget to be completed? Standard material usage per unit Budgeted production volume The budgeted average lead time for delivery of materials budgeted change in material inventory.34 Which of the following statements about a standard hour are correct? A standard hour is :

24、 Always equivalent to a clock hour Useful for monitoring output in a standard costing system Any hour during which no idle time ocurs The quantity of work achievable at standard performance in an hour. A basis for measuring output when dissimilar products are manufacturd F An hour throughout which u

25、nits of the same type are made.35. which of the statements are true? if a sample is selected using random sampling, it will be free from bias a sampling frame is a numbered list of all items in a sample cluster sampling is a non probability sampling method in quota sampling , investigators are told

26、to interview all the people they meet up to a certain quota.36. which of the following are true? with FIFIO, the inventory valuation will be very close to replacement cost with LIFO, inventories are issued at a price which is close to the current market value decision making can be difficult with both FIFO and LIFO because of the variations in prices. a disadvantage of the weighted average method of inventory valuation is that the resulting issue price i