最新的CPA Management Accounting - MA免費考試真題
Consider the following statements:
(i)Users must be able to compare an entity's results to its results in previous years and to the results of other entities. To ascertain this objective, accounting policies must be applied consistently both within the financial statements and from one period to the next. Users must be informed of any changes of accounting policy or accounting estimate and must be able to see the effects of such changes.
(ii)Financial statements must seek to represent faithfully the transactions which have taken place during the year.
What accounting concepts are reflected by the above two statements?
(i)Users must be able to compare an entity's results to its results in previous years and to the results of other entities. To ascertain this objective, accounting policies must be applied consistently both within the financial statements and from one period to the next. Users must be informed of any changes of accounting policy or accounting estimate and must be able to see the effects of such changes.
(ii)Financial statements must seek to represent faithfully the transactions which have taken place during the year.
What accounting concepts are reflected by the above two statements?
正確答案: A
Consider the following statements relating to activity-based costing (ABC) in a manufacturing environment:
(i)
ABC eliminates the use of volume as a means of measuring costs
(ii)
More accurate cost estimates will always be produced using ABC than absorption costing
Which of the following combinations is correct?
(i)
ABC eliminates the use of volume as a means of measuring costs
(ii)
More accurate cost estimates will always be produced using ABC than absorption costing
Which of the following combinations is correct?
正確答案: D
Dalf Co calculates the margin of safety for each of its products separately. Data for one product are shown below:
Selling price per unit$85 Variable cost per unit$53 Budgeted sales volume80,000 units Margin of safety22%
What is the value of fixed costs attributed to the product?
Selling price per unit$85 Variable cost per unit$53 Budgeted sales volume80,000 units Margin of safety22%
What is the value of fixed costs attributed to the product?
正確答案: A
On the first day of the new financial year, the value of the non-current assets held by Vieta Co increased because the directors implemented a policy of revaluation.
How will the company's return on capital employed (ROCE) and net profit margin ratios for the year be affected?
How will the company's return on capital employed (ROCE) and net profit margin ratios for the year be affected?
正確答案: B
On 1 February 2011, Hopper Co acquired 480,000 of the 600,000 ordinary shares of Space Co at a price of $4*28 per share. At that date the book value of the net assets of Space Co was $2,356,920, and the fair value of land owned by Space Co exceeded the book value by $110,000.
Assuming that the full fair value method of valuation is used, what is the value of goodwill on acquisition?
Assuming that the full fair value method of valuation is used, what is the value of goodwill on acquisition?
正確答案: A
In the three months to 31 March 2013, Pegem Co paidlaborcosts of $62,597.60 for 6,760laborhours. This included 182 hours of non-productivelabor. The standardlaborcost of the product produced is $21.96, based on a standard time of 2.4 hours per unit.
What was thelaborrate variance for the three months to 31 March 2013?
What was thelaborrate variance for the three months to 31 March 2013?
正確答案: D
Coolbreeze Co manufactures refrigerators. The company isorganizedon a divisionalised basis and has two divisions (compressor and cabinet).
The compressor division transfers 65% of its output to the cabinet division for $85 per unit, and sells the rest of its output to external companies for $92 per unit.
The cabinet division sells the final product at an average selling price of $495 per unit. In the next month, it expected that the compressor division will produce 27,000 units. The variable cost of manufacturing compressors is $62 per unit.
Assuming that the divisions operate with total autonomy, which of the following options is the most likely reason for making internal transfers at a value which is less than the external selling price of the compressor division?
The compressor division transfers 65% of its output to the cabinet division for $85 per unit, and sells the rest of its output to external companies for $92 per unit.
The cabinet division sells the final product at an average selling price of $495 per unit. In the next month, it expected that the compressor division will produce 27,000 units. The variable cost of manufacturing compressors is $62 per unit.
Assuming that the divisions operate with total autonomy, which of the following options is the most likely reason for making internal transfers at a value which is less than the external selling price of the compressor division?
正確答案: A
Capac Co uses activity based costing (ABC). Overhead costs for the next year are:
ExpenseTotal expenditureVolume of activity $
Set up costs1,139,2003,200 set ups
Raw material handling488,9005,000 materials orders
One of the company's products is manufactured in batches of 500 units, with each batch requiring one set up and 50 materials orders.
Using ABC, what is the overhead cost of 220 units?
ExpenseTotal expenditureVolume of activity $
Set up costs1,139,2003,200 set ups
Raw material handling488,9005,000 materials orders
One of the company's products is manufactured in batches of 500 units, with each batch requiring one set up and 50 materials orders.
Using ABC, what is the overhead cost of 220 units?
正確答案: B