快速查题-ACCA英国注册会计师试题

 Product GX consists of a mix of three materials, J, K and L. The standard material cost of a unit of GX is as follows: 

                                                                                        $ 

Material J                        5 kg at $4 per kg               20 

Material K                       2 kg at $12 per kg             24 

Material L                        3 kg at $8 per kg               24 

During March, 3,000 units of GX were produced, and actual usage was: 

Material J                                        13,200 kg 

Material K                                         6,500 kg 

Material L                                          9,300 kg 

What was the materials yield variance for March? 

 Mr. Green makes salads. The standard plate of salad has 30 g of lettuce (L), 50 g of peppers (P) and 80 g of beetroot (B). The standard prices of the three ingredients are $0.2/kg, 0.4/kg and 0.8/kg respectively. 

Mr. Green has been experimenting and so in July he changed the mix of vegetables on the plate thus: 1,500 plates contained 62,000 grams of lettuce, 81,000 grams of peppers and 102,000 grams of beetroot. 

What is the yield variance (do not round your answer)? 

A manufacturing company uses three processes to make its two products, X and Y. The time available on the three processes is reduced because of the need for preventative maintenance and rest breaks. 

The table below details the process times per product and daily time available: 

Process                                  Hours available                    Hours required to make                  Hours required to make  

                                                      per day                               one unit of product X                         one unit of product Y

     1                                                   22                                                1.00                                                       0.75  

     2                                                   22                                                0.75                                                       1.00  

     3                                                   18                                                1.00                                                        0.50 

Daily demand for product X and product Y is 10 units and 16 units respectively.  

Which of the following will improve throughput? 

 The following statements have been made about throughput accounting:

 A Throughput accounting considers that the only variable costs in the short run are materials and components. 

B Throughput accounting considers that time at a bottleneck resource has value, not elsewhere. 

C Throughput accounting views stock building as a non-value-adding activity, and therefore discourages it.

 D Throughput accounting was designed as a decision-making tool for situations where there is a bottleneck in the production process. 

Which ONE of the above statements is not true of throughput accounting?

Fill in the blanks. 

 Ideally, a transfer price should be set that enables the individual divisions to maximise their profits at a level of output that maximises ……………………. . 

 The transfer price which achieves this is unlikely to be a ……………….. transfer price or a ……………. transfer price.  

 If optimum decisions are to be taken, transfer prices should reflect …………………. . 

There are two profit centres, A and B. Profit centre A transfers a product to profit centre B, but could also sell the product in an external market at a price of $30. The marginal cost of making the product in profit centre A is $8 per unit and the full cost is $14 per unit. There would be a variable cost of $1 per unit for sales and distribution to customers in the external market, but no such costs for internal transfers. 

To avoid disputes between the profit centre managers, what should be the transfer price for the product? 

$ _______

 Division Y of Chardonnay currently has capital employed of $100,000 and earns an annual profit after depreciation of $18,000. The divisional manager is considering an investment of $10,000 in an asset which will have a ten-year life with no residual value and will earn a constant annual profit after depreciation of $1,600. The cost of capital is 15%. 

Calculate the following and comment on the results. 

(i) The return on divisional investment before and after the new investment 

(ii) The divisional residual income before and after the new investment 

 Explain the potential benefits of operating a transfer pricing system within a divisionalised company. 

The senior manager is suspicious of a local manager’s accounts and thinks that the profit performance may have been overstated.    

Which of the following would be a plausible explanation of an overstatement of profit?