C1模擬題（四）
Question 31
G repairs electronic calculators. The wages budget for the last period was based on a standard repair time of 24 minutes per calculator and a standard wage rate of $10.60 per hour.Following the end of the budget period, it was reported that:
Number of repairs 31,000
Labour rate variance $3,100 (A)
Labour efficiency variance Nil
Based on the above information, the actual wage rate during the period was:
A. $10.35 per hour
B. $10.60 per hour
C. $10.85 per hour
D. $11.10 per hour
Question 32
P operates a standard marginal costing system. The following budgeted and standard cost information is available:
Budgeted production and sales 10,000 units
Variable production overheads – 5 hours x $4 $20 per unit
Actual results for the period were as follows:
Production and sales 11,500 units
Variable production overheads – 52,000 hours $195,000
The variable production overhead expenditure variance is
A. $35,000 adverse
B. $13,000 adverse
C. $13,000 favourable
D. $35,000 favourable
Question 33
XYZ operates an integrated accounting system. The material control account at
31 March 2011 shows the following information:
Material control account
$ $
Balance b/d 50,000 Production overhead control account 10,000
Balance b/d 100,000 ？ 125,000
Bank 25,000 Balance c/d 40,000
175,000 175,000
The $125,000 credit entry represents the value of the transfer to the
A. Cost of sales account
B. Finished goods account
C. Profit and loss account
D. Work-in-progress account
Question 34
R makes one product, which passes through a single process. Details of the process account for period 1 were as follows
$
Material cost – 20,000 kg 26,000
Labour cost 12,000
Production overhead cost 5,700
Output 18,800 kg
Normal losses 5% of input
There was no work-in-progress at the beginning or end of the period. Process losses have no value.
The cost of the abnormal loss (to the nearest $) is
A. $437
B. $441
C. $460
D. $465
Question 35
In a standard cost bookkeeping system, when the actual material usage has been greater than the standard material usage, the double entry to record this is:
A. Debit the material usage variance account, Credit the raw material control account
B. Credit the material usage variance account, Debit the raw material control account
C. Debit the material usage variance account, Credit the work-in-progress account
D. Credit the material usage variance account, Debit the work-in-progress account
Question 36
A company produces a single product that passes through two processes. The details for process 1 are as follows:
Materials input 20,000 kg at $2·50 per kg
Direct labour $15,000
Production overheads 150% of direct labour
Normal losses are 15% of input in process 1 and without further processing any losses can be sold as scrap for $1 per kg.
The output for the period was 18,500 kg from process 1. There was no work-in-progress at the beginning or end of the period.
What value (to the nearest $) will be credited to the process 1 account in respect of the normal loss?
A. Nil
B. $3,000
C. $4,070
D. $5,250
Question 37
A company has been asked to quote for a job. The company aims to make a net profit of
30% on sales. The estimated cost for the job is as follows:
Direct materials 10 kg @ £10 per kg
Direct labour 20 hours @ £5 per hour
Variable production overheads are recovered at the rate of £2 per labour hour.
Fixed production overheads for the company are budgeted to be £100,000 each year and
are recovered on the basis of labour hours.
There are 10,000 budgeted labour hours each year. Other costs in relation to selling, distribution and administration are recovered at the rate of £50 per job.
The company quote for the job should be
A. £572
B. £637
C. £700
D. £833
Question 38
A company produces a single product that passes through two processes. The details for process 1 are as follows:
Materials input 20,000 kg at $2·50 per kg
Direct labour $15,000
Production overheads 150% of direct labour
Normal losses are 15% of input in process 1 and without further processing any losses can be sold as scrap for £1 per kg.
The output for the period was 18,500 kg from process 1.
There was no work-in-progress at the beginning or end of the period.
What is the value (to the nearest $) of the output to process 2?
A. $88,813
B. $90,604
C. $91,956
D. $94,063
Question 39
In an integrated bookkeeping system, when the actual production overheads exceed the absorbed production overheads, the accounting entries to close off the production overhead account at the end of the period would be:
A. Debit the production overhead account and credit the work-in-progress account.
B. Debit the work-in-progress account and credit the production overhead account.
C. Debit the production overhead account and credit the profit and loss account.
D. Debit the profit and loss account and credit the production overhead account.
Question 40
In a standard cost bookkeeping system, when the actual material price exceeds the standard price, the double entry to record the difference in price is:
A. Debit the material price variance account and credit the raw material control account
B. Credit the material price variance account and debit the raw material control account
C. Debit the material price variance account and credit the work-in-progress account
D. Credit the material price variance account and debit the work-in-progress account
