C1模擬題（三）
Question 21
The term “budget slack” refers to the
A. Extended lead time between the preparation of the functional budgets and the master budget.
B. Difference between the budgeted output and the breakeven output.
C. Additional capacity available which can be budgeted for.
D. Deliberate over-estimation of costs and under-estimation of revenues in a budget.
Question 22
RS is currently preparing the production budget for Product A and the material purchase budget for material X for the forthcoming year. Each unit of Product A requires 5 kgs of material X.
The anticipated opening inventory for Product A is 5,000 units and the company wishes to increase the closing inventory by 30% by the end of the year.
The anticipated opening inventory for material X is 50,000 kgs and in order to avoid stock outs the required closing inventory has been increased to 60,000 kgs.
The Sales Director has confirmed a sales requirement of 70,000 units of Product A.
How many units of Product A will need to be produced?
A. 68,500 units
B. 71,500 units
C. 76,500 units
D. 80,000 units
Question 23
RS is currently preparing the production budget for Product A and the material purchase budget for material X for the forthcoming year. Each unit of Product A requires 5 kgs of material X.
The anticipated opening inventory for Product A is 5,000 units and the company wishes to increase the closing inventory by 30% by the end of the year.
The anticipated opening inventory for material X is 50,000 kgs and in order to avoid stock outs the required closing inventory has been increased to 60,000 kgs.
The Sales Director has confirmed a sales requirement of 70,000 units of Product A. What will be the purchases budget for material X?
A. 347,500 kgs
B. 350,000 kgs
C. 357,500 kgs
D. 367,500 kgs
Question 24
The principal budget factor is the
A. Factor which limits the activities of the organisation and is often the starting point in budget preparation.
B. Budgeted revenue expected in a forthcoming period.
C. Main budget into which all subsidiary budgets are consolidated.
D. Overestimation of revenue budgets and underestimation of cost budgets, which operates as a safety factor against risk.
Question 25
Which of the following would NOT be included in a cash budget?
(i) Depreciation
(ii) Provisions for doubtful debts
(iii) Wages and salaries
A. (i) and (ii) only
B. (ii) and (iii) only
C. (iii) only
D. (i) only
Question 26
Overtime premium is
A. The additional amount paid for hours worked in excess of the basic working week.
B. The additional amount paid over and above the normal hourly rate for hours worked in excess of the basic working week.
C. The additional amount paid over and above the overtime rate for hours worked in excess of the basic working week.
D. The overtime rate.
Question 27
A standard cost is
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 product, component or service in a period.
Question 28
X operates a standard marginal costing system. The following budgeted and standard cost information is available:
Budgeted production and sales 10,000 units
Direct material cost – 3 kg x $10 $30 per unit
Actual results for the period were as follows:
Production and sales 11,500 units
Direct material – 36,000 kg $342,000
The direct material price variance is
A. $18,000 adverse
B. $3,000 adverse
C. $3,000 favourable
D. $18,000 favourable
Question 29
Y operates a standard marginal costing system. The following budgeted and standard cost information is available:
Budgeted production and sales 10,000 units
Direct material cost – 3 kg x $10 $30 per unit
Actual results for the period were as follows:
Production and sales 11,500 units
Direct material – 36,000 kg $342,000
The direct material usage variance is
A. $15,000 adverse
B. $14,250 adverse
C. $14,250 favourable
D. $15,000 favourable
Question 30
Which ONE of the following factors could explain a favourable direct material usage variance?
A. More staff were recruited to inspect for quality, resulting in a higher rejection rate.
B. When estimating the standard product cost, usage of material had been set using ideal standards.
C. The company had reduced training of production workers as part of a cost reduction exercise.
D. The material price variance was adverse.
