F2 考前习题卷withanswerWord下载.docx

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F2 考前习题卷withanswerWord下载.docx

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F2 考前习题卷withanswerWord下载.docx

（ii）Discretedatacantakeonanyvalue

（iii）Qualitativedataaredatathatcannotbemeasured

（iv）Populationdataaredataarisingasaresultofinvestigatingagroupofpeopleorobjects

Whichofthestatementsaretrue?

A（i）and（ii）only

B（ii）and（iii）only

C（ii）and（iv）only

D（iii）and（iv）only

Costclassification

5.Afirmhastopaya20cperunitroyaltytotheinventorofadevicewhichitmanufacturesandsells.Howwouldtheroyaltychargebeclassifiedinthefirm’saccounts?

ASellingexpense

BDirectexpense

CProductionoverhead

DAdminstrativeoverhead

6.Acompanymanufacturesandsellstoysandincursthefollowingthreecosts:

（i）Rentalofthefinishedgoodswarehouse

（ii）Depreciationofitsownfleetofdeliveryvehicles

（iii）Commissionpaidtosalesstaff

Whichoftheseareclassifiedasdistributioncosts?

B（i）and（iii）only

C（ii）and（iii）only

D（i）,（ii）and（iii）

Costbehavior

7.Fixedcostsareconventionallydeemedtobe:

AConstantperunitofoutput

BConstantintotalwhenproductionvolumechanges

COutsidethecontrolofmanagement

DEasilycontrolled

8.Acompanyhasrecordedthefollowingdatainthetwomostrecentperiods.

Totalcostsofproduction

Volumeofproduction

Units

13,500

700

18,300

1,100

Whatisthebestestimateofthecompany’sfixedcostsofperiod?

A$13,500

B$13,200

C$5,100

D$4,800

9.Anorganisationmanufacturesasingleproduct.Thetotalcostofmaking4,000unitsis

$20,000andthetotalcostofmaking20,000unitsis$40,000.Withinthisrangeofactivity

thetotalfixedcostsramainunchanged.

Whatisthevariablecostperunitoftheproduct?

A$0.80

B$1.20

C$1.25

D$2.00

Answer：

Presentinginformation

10.ThecostofmaterialsforproductAareasfollows.

MaterialW:

$2,250

MaterialX:

$3,000

MaterialY:

$3,600

MaterialZ:

$150

Ifthematerialproportionsweredisplayedonapiechart,howmanydegreewouldmaterialY

represent?

A90degreesC144degree

B120degreeD204degree

Thefollowinginformationrelatestoquestions5.2to5.3

Numberofice-creamssold

April

May

June

July

Mintchocchip

600

760

725

900

Chocolate

300

335

360

525

Strawberry

175

260

310

475

Blueberry

100

11.Whichoneofthefollowingstatementsistrue?

ASalesofmintchocchiprosesteadilyoverthefourmonths

BTotalsalesfellinthemonthofJuly

CAfterMay,salesofstrawberrybegantocatchupwithsalesofchocolate

DSalesofblueberryroseinMayandJuly

Materialcosts

12.Whichofthefollowingfunctionsarefulfilledbyagoodrececivednote（GRN）?

（i）Providesinformationtoupdatetheinventoryrecordsonreceiptofgoods

（ii）Providesinformationtocheckthequantityonthesupplier’sinvoice

（iii）Providesinformationtocheckthepriceonthesupplier’sinvoice

D（i）only

13.ThematerialstorescontrolaccountforacompanyforMarchlookslikethis:

MATERIALSTORESCONTROLACCOUNT

Balanceb/d

12,000

Workinprogress

40,000

Suppliers

49,000

Overheadcontrol

18,000

27,000

79,000

Balanceb/d

Whichofthefollowingstatementsarecorrect?

（i）IssuesofdirectmaterialsduringMarchwere$18,000

（ii）IssuesofdirectmaterialsduringMarchwere$48,000

（iii）IssuesofindirectmaterialsduringMarchwere$12,000

（iv）PurchasesofmaterialsduringMarchwere$49,000

A（i）and（iv）only

B（ii）and（iv）only

C（ii）,（iii）and（iv）only

DAllofthem

14.ACBCograduallyreceivesitsre-supplyofinventoryatarateof10,000unitsaweek.Otherinformationisavailableasfollows.

Weeklydemand

5,000units

Set-upcostsforeachproductionrun

$125

Weeklycostofholdingoneunit

$0.0025

Whatistheeconomicproductionrun?

A1,577units

B7.071units

C31,623units

D894,427units

Labour

15.Thefollowingdatarelatetoworkinthefinishingdepartmentofacertainfactory.

Normalworkingday

7hours

Basicrateofpayperhour

Standardtimeallowedtoproduce1unit

4minutes

Premiumbonuspayableatthebasicrate

60%oftimesaved

Onaparticulardayoneemployeefinishes180units.Hisgrosspayforthedaywillbe

A$35

B$50

C$56

D$60

16.Janeworksasamenberofathree-persontearnintheassemblydepartmentofafactory.Theteamisrewardedbyagroupbonusschemewherebytheteamleaderreceives40percentofanybonusearnedbytheteam,andtheramainingbonusissharedevenlybetweenJaneandtheotherteammember.

Detailofoutputforonedayaregivenbelow.

Hoursworkedbyteam

8hours

Teamproductionachieved

80units

Standardtimeallowedtoproduceoneunti

9minutes

Groupbonuspayableat$6perhour

70%oftimesaved

ThebonuselementofJane’spayforthisparticulardaywillbe

A$5.04

B$7.20

C$10.08

D$16.80

Accountingforoverheads

17.ThefollowingextractofinformationisavailableconcerningthefourcostcentresofEGLimited.

Servicecost

Productioncostcentres

centre

Machinery

Finishing

Packing

Canteen

Numberofdirectemployees

—

Numberofindirectemployees

Overheadallocatedandapportioned

$28,500

$18,300

$8,960

$8,400

Theoverheadcostofthecanteenistobere-apportionedtotheproductioncostcentresonthe

basisofthenumberofemployeesinieachproductioncostcentre.Afterthere-apportioned,thetotaloverheadcostofthepackingdepartment,tothenearest$,willbe

A$1,200

B$9,968

C$10,080

D$10,160

18.Acompanymanufacturerstwoproducts,XandY,inafactorydividedintotwoproductioncostcentres.PrimaryandFinishing.Thefollowingbudgeteddataareavaliable:

Costcentre

Primary

Allocatedandapportionedfixedoverheadcosts

$96,000

$82,500

Directlabourminutesperunit:

—productX

—productY

Budgetedproductionis6,000unitsofproductXand7,500unitsofproductY.Fixedoverheadcostsaretobeabsorbedonadirectlabourhourbasis.

WhatisthebudgetedfixedoverheadcostperunitforproductY?

A$11

B$12

C$14

D$15

Absorptioncostingandmarginalcosting

19.Thefollowingdataisavailableforperiod9.

Openinginventory10,000units

Closinginventory8,000units

Absorptioncostingprofit$280,000

Theprofitforperiod9usingmarginalcostingwouldbe:

A$278,000

B$280,000

C$282,000

DImpossibletocalculatewithoutmoreinformation

20.Acompanymanufacturesandsellsasingleproduct.Forthismonththebudgetedfixedproductionoverheadsare$48,000,budgetedproductionis12,000unitsandbudgetedsalesare11,720units.

Thecompanycurrentlyusesabsorptioncosting.

Ifthecompanyusedmarginalcostingprinciplesinsteadofabsorptioncostingforthismonth,whatwouldbetheeffectonthebudgetedprofit?

A$1.120higher

B$1,120lower

C$3,920higher

D$3,920lower

21.HMFCoproducesasingleproduct.Thebudgetedfixedproductionoverheadsfortheperiodare$500,000.Thebudgetedoutputfortheperiodis2,500units.Openinginventoryatthestartoftheperiodconsistedof900unitsandclosinginventoryattheendoftheperiodconsistedof300units.Ifabsorptioncostingprincipleswereapplied,theprofitfortheperiodcomparedtothemarginalcostingprofitwouldbe:

A$125,000higher

B$125,000lower

C$120,000higher

D$120,000lower

Job,batchandservicecosting

22.Whichofthefollowingcostingmethodsismostlikelytobeusedbyacompanyinvolvedinthemanufactureofliquidsoap?

ABatchcosting

BServicecosting

CJobcosting

DProcesscosting

23.Whichofthefollowingwouldbeconsideredaserviceindustry?

（i）Anairlinecompany

（ii）Anrailwaycompany

（iii）Afirmofaccountants

C（i）,（ii）and（iii）

D（ii）and（iii）only

Processcosting

24.Inaparticularprocess,theinputfortheperiodwas2,000units.Therewerenoinventoriesatthebeginningorendoftheprocess.Normallossis5percentofinput.Inwhichthefollowingcircumstancesisthereanabnormalgain?

（i）Actualoutput=1,800units

（ii）Actualoutput=1,950units

（iii）Actual

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