快速查题-ACCA英国注册会计师试题

A company has established a marginal costing profit of $72,300. Opening inventory was 300 units and closing inventory is 750 units. The fixed production overhead absorption rate has been calculated as $5/unit.

What was the profit under absorption costing?

What would the budgeted profit be if a marginal costing system were used?

 Assume that at the end of the first month unit variable costs and fixed costs and selling price for the month were in line with the budget and any inventory was valued at the same unit cost as in the above budget.

However, if production was actually 700 and sales 600; what would be the reported profit using absorption costing?

A new company has set up a marginal costing system and has a budgeted contribution for the period of $26,000 based on sales of 13,000 units and production of 15,000 units. This level of production represents the firm's expected long-term level of production. The company's budgeted fixed production costs are $3,000 for the period.

What would the budgeted profit be if the company were to change to an absorption costing system?

Which of these statements are true of marginal costing?

(i) The contribution per unit will be constant if the sales volume increases.

(ii) There is no under- or over-absorption of overheads.

(iii) Marginal costing does not provide useful information for decision making.

In a period, a company had opening inventory of 31,000 units of Product G and closing inventory of 34,000 units. Profits based on marginal costing were $850,500 and profits based on absorption costing were $955,500.

If the budgeted fixed costs for the company for the period were $1,837,500, what was the budgeted level of activity?

In a given period, the production level of an item exactly matches the level of sales.

How would the profit differ if marginal or absorption costing was used?

For a product that has a positive unit contribution^ which of the following events would tend to increase total contribution by the greatest amount?

A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a mark up. Job number Y256 was sold for $1,690 and incurred overheads of $694. What was the prime cost of the job?

A company operates a job costing system.

The estimated costs for job 173 are as follows.

Direct materials                      5 metres @ $20 per metre

Direct labour                            14 hours @ $8 per hour

Variable production overheads are recovered at the rate of $3 per direct labour hour.

Fixed production overheads for the year are budgeted to be $200,000 and are to be recovered on the basis of the total of 40,000 direct labour hours for the year.

Other overheads, in relation to selling, distribution and administration, are recovered at the rate of $80 per job. What is the total cost of job 173?