快速查题-ACCA英国注册会计师试题

The following statements have been made about Activity-Based Budgeting (ABB): 

(1) The costs determined using ABC are used as a basis for preparing budgets. 

(2) The aim of ABB is to control the number of units output rather than the costs themselves. 

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

 The following statements have been made about budgetary systems in the performance hierarchy: 

 (1) Developing new products in response the changes in technology is a budgeting activity that would fall within operational planning and control. 

(2) Budgetary systems at strategic planning levels look at the business as a whole and define resource requirements. 

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

The following table shows the number of clients who attended a particular accountancy practice over the last four weeks and the total costs incurred during each of the weeks: 

      Week                                           Number of clients                            Total cost 

                                                                                                                                $

           1                                                       400                                                  36,880

           2                                                        440                                                 39,840 

           3                                                        420                                                 36,800 

           4                                                        460                                                  40,000

 Applying the high low method to the above information, which of the following could be used to forecast total cost ($) from the number of clients expected to attend (where x = the expected number of clients)? 

 The management accountant of a business has identified the following information: 

                   Activity level                              800 units                     1,200 units

                    Total cost                                  $16,400                         $23,600 

The fixed costs of the business step up by 40% at 900 units.  

What is the variable cost per unit? 

 Which of the following best describes a ‘basic standard’ within the context of budgeting? 

The following statements have been made about budgets and standards:

(i) Budgets can be used in situations where output cannot be measured, but standards cannot be used in such situations. 

(ii) Budgets can include allowances for inefficiencies in operations, but standards use performance targets which are attainable under the most favourable conditions.

 (iii) Budgets are used for planning purposes, standards are used only for control purposes. 

Which of the above statements is/are true? 

The following statements relate to the materials mix variance: 

(i) A favourable total mix variance would suggest that a higher proportion of a cheaper material is being used instead of a more expensive one.

 (ii) A favourable total mix variance will usually result in a favourable material yield variance. 

Which of the above statements are true? 

 JC Ltd mixes three materials to produce a chemical SGR. The following extract from a standard cost card shows the materials to be used in producing 100 kg of chemical SGR: 

What is the total material mix variance? 

Different management accounting techniques can be used to account for environmental costs. 

One of these techniques involves analysing costs under three distinct categories: material, system, and delivery and disposal. 

What is this technique known as? 

 Which of the following are advantages of using Activity Based Costing for Environmental Management Accounting? 

 (i) Higher environmental costs can be reflected in higher prices.

 (ii) cost savings achieved through environmental policies can be measured. 

(iii) it is simple to determine the environmental costs and cost drivers.

 (iv) It considers all environmental effects of the company’s actions.