What type of standard is prepared on the basis that all activities are undertaken at a maximum level of efficiency?

1 .What is a standard cost?

A The planned unit cost of a product, component or service in a period B The budgeted cost ascribed to the level of activity achieved in a budget centre in a control period C The budgeted production cost ascribed to the level of activity in a budget period D The budgeted non-production cost for a pr...

题型: 单选题 提问时间: 2021-08-22

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2 .A supplier of telephone services charges a fixed line rental per period. The first 10 hours of telephone calls by the customer are free, after that all calls are charged at a constant rate per minute up to a maximum, thereafter all calls in the period are again free.Which of the following graphs depicts the total cost to the customer of the telephone services in a period?

A B C D

题型: 单选题 提问时间: 2021-08-22

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3 .The treatment of which of the following gives rise to the difference between marginal and standard costing approaches?

A Direct material B Variable overhead C Fixed overhead D Prime cost

题型: 单选题 提问时间: 2021-08-22

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4 .The standard absorption cost of a product is:(1) A direct cost(2) A historic cost(3) A pre-determined costWhich is/are true?

A 1 and 2 only B 2 only C 2 and 3 only D 3 only

题型: 单选题 提问时间: 2021-08-22

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5 .Which of the following are benefits of using a standard costing system?(1) It facilitates timelier and more efficient reporting(2) It provides the basis on which inefficient operations can be identified(3) Over time administrative work is reduced(4) It focuses on controllable costs for responsibility accounting

A 1, 2 and 3 only B 1, 2 and 4 only C 1, 3 and 4 only D 2, 3 and 4 only

题型: 单选题 提问时间: 2021-08-22

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7 .A company uses a standard absorption costing system. Last month budgeted production was 8,000 units and the standard fixed production overhead cost was USD15 per unit. Actual production last month was 8,500 units and the actual fixed production overhead cost was USD17 per unit.What was the total adverse fixed production overhead variance for last month?

A USD7,500 B USD16,000 C USD17,000 D USD24,500

题型: 单选题 提问时间: 2021-08-22

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8 .The standard direct material cost per unit for a product is calculated as follows: 10.5 litres at USD2.50 per litreLast month the actual price paid for 12,000 litres of material used was 4% above standard and the direct material usage variance was USD1,815 favourable. No inventory of material is held.What was the adverse direct material price variance for last month?

A USD1,000 B USD1,200 C USD1,212 D USD1,260

题型: 单选题 提问时间: 2021-08-22

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9 .A company has the following data for a semi-variable cost:The fixed element of total cost increases by USD8,000 at output levels in excess of 30,000 units.What is the variable cost per unit?

A USD4.00 B USD4.20 C USD4.22 D USD4.25

题型: 单选题 提问时间: 2021-08-22

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10 .The standard direct material cost per unit for a product is calculated as follows: 10.5 litres at USD2.50 per litreLast month the actual price paid for 12,000 litres of material used was 4% above standard and the direct material usage variance was USD1,815 favourable. No inventory of material is held.What was the actual production last month (in units)?

A 1,074 B 1,119 C 1,212 D 1,258

题型: 单选题 提问时间: 2021-08-22

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