快速查题-ACCA英国注册会计师试题

The following data is available for period 9.

Opening inventory               10,000 units

Closing inventory                  8,000 units

Absorption costing profit       $280,000

What would be the profit for period 9 using marginal costing?

The overhead absorption rate for product T is $4 per machine hour. Each unit of T requires 3 machine hours. Inventories of product T last period were:

                                          Units

Opening inventory            2,400

Closing inventory              2,700

Compared with the marginal costing profit for the period,the absorption costing profit for product T will be which of the following?

In a period where opening inventories were 15,000 units and closing inventories were 20,000 units, a firm had a profit of $130,000 using absorption costing. If the fixed overhead absorption rate was $8 per unit, the profit using marginal costing would be which of the following?

In a period, a company had opening inventory of 31,000 units and closing inventory of 34,000 units. Profits based on marginal costing were $850,500 and on absorption costing were $955,500. If the budgeted total fixed costs for the company was $1,837,500, what was the budgeted level of

Which of the following relate to marginal costing and which to absorption costing?

                                                                                                                                 Marginal  costing           Absorption  costing

The cost of a product includes an allowance for fixed production costs.  

The cost of a product represents the additional cost of producing an extra unit.  

The following data are for questions 155 and 156

The budget for Bright's first month of trading, producing and selling boats was as follows:

                                                                   $000

Variable production cost of boats               45

Fixed production costs                               30

Production costs of 750 boats                   75

Closing inventory of 250 boats                 (25)

Production cost of 500 sold                       50

Variable selling costs                                 5

Fixed selling costs                                     25

                                                                  80

Profit                                                         10

Sales revenue                                           90

The budget has been produced using an absorption costing system.

Exp has compiled the following standard cost card for its main product.

Production costs                                           $

Fixed                                                          33.00

Variable                                                      45.10

Selling costs Fixed                                     64.00

Variable                                                      7.20

Profit                                                          14.70

Selling price                                               164.00

What would the closing inventory be valued at under an absorption costing system (to 2 decimal places)?

 What is the absorption costing profit for the month?

What overhead should be added to job number CC20 for the period?