題目：
The manager of the courier division is retiring this year and his bonus is being paid based on the ROCE percentage of the division.Which TWO of the following actions could the manager of the courier division have taken in order to improve his bonus
Delay repairs to the fleet of vans.
Understate the closing inventory of fuel held in the depot.
Include all the revenue for an uncompleted new contract.
Overstate the bad debt provision
題目：
Drive Co is a diverse business, one division of which runs a courier business using a fleet of small vans. The following information has been produced by the manager of the division for the year ended 30 June 20X4:
Revenue $500,000
Gross profit $120,000
Operating profit$50,000
Loan (8% per year) $60,000
Asset turnover 4
【簡答題】
Using the information provided, calculate (perform your calculations to 2 decimalplaces):
(i) Interest cover
(ii) Return on capital employed (ROCE)
(ii) Gearing
題目：
In an attempt to improve their liquidity position, Tel Co is considering offering an early settlement discount to its customers. Which TWO of the following outcomes may occur as a result of offering the early settlement discount
Sales increase
Bad debts increase
Administration cost decrease
Receivables decrease
題目：
Tel Co's quick ratio is 0.49. If they sell half of their inventory to pay off part of the bank overdraft, what will happen to their quick ratio
Stay the same
Increase
Decrease
題目：
Tel Co manufactures televisions and sells them to large retailers. Due to high staff turnover, no liquidity ratios have been calculated for the year ahead.
The bank is concerned about the forecast increase in Tel Co's overdraft to $40,500 at BO November 20X4, and has suggested that the ratios be calculated. The following forecast information is available for the year ended 30 November 20X4:
$
Revenue 343,275
Cost of sales 284,000
Purchases 275,000
Closing Inventory 35,000
Receivables37,400
Payables35,410
【簡答題】
For Tel Co for the year ended 30 November 20X2 calculate:
(i)The inventory holding period
(H)The receivables collection period
(iii)The payables period
(iv)The current ratio
Perform your calculations for (i), (ii) and (iii) to the nearest day and assume that there are 365 days in a year
Perform your calculation for part (iv) to B decimal places.
題目：
Using the following information, calculate the variable overhead rate and efficiency variances, and state if they are favourable or adverse.
Actual production was 1,500 units which were completed in 3,620 hours at a variable overhead cost of $11,000.
The budget was that each pie would take 2.5 hours to make and the variable overhead absorption rate would be $3 per hour.
題目：
What should the title be in Gap 1
題目：
An operating statement has been partially completed for a company that makes pies andpasties:
$
Budgeted contribution 5,075
Sales volume variance 175(F)
Standard contribution on actual sales 5,250
Sales price variance750(A)
4,500
Favourable($) Adverse ($)
Cost variances
Materials price 700
Materials usage 600
Labour rate 724
Labour efficiency 650
Variable overhead rate
Variable overhead efficiency
GAP1
Fixed overhead expenditure
Total
【簡答題】
For the following variances, state whether it is true or false that the variance stated above could be caused by better quality ingredients being purchased for the pies:
(i)Sales volume
(ii)Materials price
(iii)Labour rate
(iv)Materials usage
(v)Sales price
題目：
Are the following statements true or falseStatement one: A flexed budget cannot be produced for non-manufacturing costs such as sales commission.Statement two: All costs can be controlled in the long term.
Statement one Statement two
True True
Statement one Statement two
True False
Statement one Statement two
False True
DStatement one Statement two
FalseFalse
題目：
The managers have now been told that although the levels of glass inventory did not change during July, wood inventory rose by 15 kg.
Which manager will need to have this fact accounted for in their performance appraisal
Purchasing manager
Production manager
題目：
Bogh Co manufactures wooden picture frames.
The company's information system produces an operating statement, and on the basis of the variances calculated, managers are assessed and bonuses paid.
The standard material cost for each picture frame is $8. This is made up:
Wood 0.5 kg@$10 per kg $5
Glass 0.25 kg@$12 per kg $3
In July, Bogh manufactured 300 picture frames, and purchased:
Wood 170 kg $2,040
Glass 70 kg $860
【簡答題】
Using the information above, calculate:
(i)The total materials price variance and state if it is adverse or favourable.
(ii)The total materials usage variance and state if it is adverse or favourable
題目：
Is the following statement true/false
#A favourable fixed overhead capacity variance is likely to arise if a new machine is bought to replace an unreliable one/
True
False
題目：
The following information is available for Wick Co for month 1
Budgeted
Fixed overheads $20,000 to be absorbed at $10/hr
Time to make one unit 4 hoursActual
Fixed overheads $23,000
Time taken to make 550 units 2,475 hours
Calculate the fixed overhead:
(i)Expenditure variance and state if it is favourable or adverse.
(ii)Capacity variance and state if it is favourable or adverse.
(iii)Efficiency variance and state if it is favourable or adverse.
題目：
The following is a proforma operating statement for Wick Co, a company manufacturing candles.
$
Budgeted profit
Sales volume variance
Standard profit on actual sales
Sales price variance
Favourable ($) Adverse ($)
Cost variances
Materials price
Materials usage
Labour rate
Labour efficiency
Variable overhead rate
Variable overhead efficiency
Fixed overhead expenditure
Fixed overhead capacity
Fixed overhead efficiency
Total
Actual profit
【不定項選擇題】
Which of the following THREE statements are correct
Wick Co uses standard profit per unit to calculate the sales volume variance.
The fixed overhead expenditure variance is the same figure as the over or under absorption of fixed overheads
Wick Co absorbs fixed overheads on an hourly basis.
The efficiency variances will all either be favourable or adverse
題目：
The following spreadsheet has started to be completed for direct materials, with a ^ showing where data has been entered.
A B C
1 Standard Actual
2Production in units√ √
3 Kg's per unit √
4Cost per kg ($) √ √
5Total kg’s purchased C6/C4
6Total material cost√
What will be the formula for the materials usage variance
(C5xC4)-(B2xB3xB4)
(C5xB4)-(B2xB3xB4)
(C5xC4)-(C2xB3xC4)
(C5xB4)-(C2xB3xB4)
題目：
Which of the following is likely to lead to the variances stated above
lower quality direct material has been purchased
higher quality direct material has been purchased
題目：
Cabrinda Co manufactures bulbs. The following figures are available:
500 kg of direct materials were actually purchased
The standard cost per kg is $2.25, leading to a standard cost of actual purchases of $1,125
The direct materials price variance is $125 favourable
The direct materials usage variance is $45 adverse
【簡答題】
From the information provided calculate
(i)The actual price paid per kg for the direct material
(ii)The standard quantity that should have been used for actual production.
題目：
A cost centre had an overhead absorption rate of $4.25 per machine hour, based on a budgeted activity level of 12,400 machine hours.In the period covered by the budget, actual machine hours worked were 2% more than the budgeted hours and the actual overhead expenditure incurred in the cost centre was $56,389.What was the total over or under absorption of overheads in the cost centre for the period
$1,054 over absorbed
$2,635 under absorbed
$3,689 over absorbed
$3,689 under absorbed
題目：
A company uses a standard absorption costing system. Last month budgeted production was 8,000 units and the standard fixed production overhead cost was $15 per unit. Actual production last month was 8,500 units and the actual fixed production overhead cost was $17 per unit.What was the total adverse fixed production overhead variance for last month
$7,500
$16,000
$17,000
$24.500
題目：
A company uses variance analysis to control costs and revenues.
Information concerning sales is as follows：
Budgeted selling price $15 per unit
Budgeted sales units 10,000 units
Budgeted profit per unit$5 per unit
Actual sales revenue $ 151,500
Actual units sold 9,800 units
What is the sales volume profit variance
$500 Favourable
$1,000 Favourable
$1,000 Adverse
$3,000 Adverse
題目：
Last month a company budgeted to sell 8,000 units at a price of $12.50 per unit. Actual sales lastmonth were 9,000 units giving a total sales revenue of $117,000. What was the sales price variance for last month
$4,000 Favourable
$4,000 Adverse
$4,500 Favourable
$4,500 Adverse
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