C1模擬題（五）
Question 41
Which of the following are characteristics of service costing?
(i) High levels of indirect costs as a proportion of total cost
(ii) Use of composite cost units
(iii) Use of equivalent units
A. (i) only
B. (ii) only
C. (i) and (ii) only
D. All of them
Question 42
The incomplete process account relating to period 4 for a company which manufactures paper is shown below:
There was no opening work in process (WIP). Closing WIP, consisting of 700 units, was complete as shown:
Material 高
Labour 50%
Production overhead 40%
Losses are recognised at the end of the production process and are sold for $1.75 per unit.
The total value of the units transferred to finished goods was
A. $21,052.50
B. $21,587.50
C. $22,122.50
D. $22,656.50
Question 43
Point K on the graph indicates the value of
A. Semi-variable cost
B. Total cost
C. Variable cost
D. Fixed cost
Question 44
This graph is known as a
A. Conventional breakeven chart
B. Contribution breakeven chart
C. Semi-variable cost chart
D. Profit volume chart
Question 45
W Ltd makes leather purses. It has drawn up the following budget for its next financial period:
Selling price per unit $11.60
Variable production cost per unit $3.40
Sales commission 5% of selling price
Fixed production costs $430,500
Fixed selling and administration costs $198,150
Sales 90,000 units
The margin of safety represents
A. 5.6% of budgeted sales
B. 8.3% of budgeted sales
C. 11.6% of budgeted sales
D. 14.8% of budgeted sales
Question 46
ZK has been asked to quote a price for a special job that must be completed within one week.
The job requires a total of 100 skilled labour hours and 50 unskilled labour hours. The current employees are paid a guaranteed minimum wage of $525 for skilled workers and $280 for unskilled workers for a 35-hour week.
Currently, skilled labour has spare capacity amounting to 75 labour hours each week and unskilled labour has spare capacity amounting to 100 labour hours each week. Additional skilled workers and unskilled workers can be employed and paid by the hour at rates based on the wages paid to the current workers.
The materials required for the job are currently held in inventory at a book value of $5,000. The materials are regularly used by ZK and the current replacement cost for the materials is $4,500. The total scrap value of the materials is $1,000.
A. Nil
B. $375
C. $775
D. $1,540
What is the total relevant cost to ZK of using skilled and unskilled labour on this job?
Question 47
ZK has been asked to quote a price for a special job that must be completed within one week.
The job requires a total of 100 skilled labour hours and 50 unskilled labour hours. The current employees are paid a guaranteed minimum wage of $525 for skilled workers and $280 for unskilled workers for a 35-hour week.
Currently, skilled labour has spare capacity amounting to 75 labour hours each week and unskilled labour has spare capacity amounting to 100 labour hours each week. Additional skilled workers and unskilled workers can be employed and paid by the hour at rates based on the wages paid to the current workers.
The materials required for the job are currently held in inventory at a book value of $5,000. The materials are regularly used by ZK and the current replacement cost for the materials is $4,500. The total scrap value of the materials is $1,000.
What is the relevant cost to ZK of using the materials in inventory on this job?
A. $1,000
B. $3,500
C. $4,500
D. $5,000
Question 48
For decision-making purposes, which of the following are relevant costs?
(i) Avoidable cost
(ii) Future cost
(iii) Opportunity cost
(iv) Differential cost
A. (i), (ii), (iii) and (iv)
B. (i) and (ii) only
C. (ii) and (iii) only
D. (i) and (iv) only
Question 49
A project requires an initial investment of $300,000.
The following cash inflows have been estimated for the life of the project:
Year $
1 50,000
2 120,000
3 200,000
Using a discount rate of 8%, the net present value of the project to the nearest $’000 is $？
Question 50
Which THREE of the following statements are advantages of the internal rate of return (IRR) method of investment appraisal?
A. It is a measure of absolute profitability
B. It considers the time value of money
C. It is an easy to understand percentage measure
D. It is based on accounting profits
E. It considers the whole life of a project
F. It is a simple measure of risk
