快速查题-ACCA英国注册会计师试题

 The following statements have been made about material price planning variances: 

(1) The publication of material price planning variances should always lead to automatic updates of standard costs. 

(2) The causes of material price planning variances do not need to be investigated by managers at any level in the organisation. 

Which of the above statement(s) is/are true? 

 Leaf limited has had a mixed year. Its market share has improved two percentage points to 20% but the overall market had contracted by 5% in the same period.  The budgeted sales were 504,000 units and standard contribution was $12 per unit. 

 What is the level of actual sales? 

 The finance director of Paint Mixers Ltd has produced the table below showing the variance results for the first three months of the year: 

                                                                                   January                    February                   March 

Material price variance                                          $3,000 A                   $2,000 A                 $1,000 A 

Material mix variance                                             $2,000 A                      $750 A                     $100 F 

Material yield variance                                           $4,000 A                   $2,000 A                        $50F 

Which of the following interpretations of the variances analysis exercise above is NOT correct?  

 The following statements have been made in relation to the use of standard costs in rapidly changing environments: 

(1) Variance analysis results will take into account important criteria such as customer satisfaction or quality of production. 

(2) Achieving standards is suitable in most modern manufacturing environments. 

Which of the above statement(s) is/are true? 

 The following statements have been made about planning and control as described in the three tiers of Robert Anthony’ s decision-making hierarchy: 

(1) Strategic planning is concerned with making decisions about the efficient and effective use of existing resources. 

(2) Operational control is about ensuring that specific tasks are carried out efficiently and effectively. 

Which of the above statements is/are true? 

 Long-term sales forecasts are an example of accounting information used at which level of control in an organisation? 

 A company has the following production planned for the next four weeks. The figures reflect the full capacity level of operations. Planned output is equal to the maximum demand per product. 

The direct labour force is threatening to go on strike for two weeks out of the coming four. This means that only 2,160 hours will be available for production, rather than the usual 4,320 hours.

 If the strike goes ahead, which product or products should be produced if profits are to be maximised? 

 A jewellery company makes rings (R) and necklaces (N). 

The resources available to the company have been analysed and two constraints have been identified: 

Labour time                                            3R + 2N < 2,400 hours

 Machine time                                      0.5R + 0.4N < 410 hours 

The management accountant has used linear programming to determine that R = 500 and N = 400.  

Which of the following is/are slack resources? 

(1) Labour time available 

(2) Machine time available 

 The following statements have been made about using external information: 

(1) External information is usually more reliable than internal information. 

(2) External information can be general and vague, and may not really help an organisation with decision making. 

Which of the above statement is/are true? 

 Which of the following sources of information would be considered internal?