A company is reviewing actual performance to budget to see where there are differences. The following standard information is relevant: $/per unit Selling price 50 Direct materials 4 Direct labour 16 Fixed production overheads 5

第1题

The following data relates to one of a company's products. $ per unit $ per unit Selling price 27.00 Variable costs 12.00 Fixed costs 9.00 21.00 Profit 6.00 Budgeted sales for control period 7 were 2,400 units, but actual sales were 2,550 units. The revenue earned from these sales was $67,320. Profit reconciliation statements are drawn up using marginal costing principles. What sales price and volume variances would be included in such a statement for period 7?

A、$1,530 (A) $900 (F)

B、$1,530 (A) $2,250 (F)

C、$1,530 (A) $2,250 (A)

D、$1,530 (F) $2,250 (F)

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第2题

A company currently uses a standard absorption costing system. The fixed overhead variances extracted from the operating statement for November are: $ Fixed production overhead expenditure variance 5,800 adverse Fixed production overhead capacity variance 4,200 favourable Fixed production overhead efficiency variance 1,400 adverse PQ Limited is considering using standard marginal costing as the basis for variance reporting in future. What variance for fixed production overhead would be shown in a marginal costing operating statement for November?

A、No variance would be shown for fixed production overhead

B、Expenditure variance: $5,800 adverse

C、Volume variance: $2,800 favourable

D、Total variance: $3,000 adverse

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第3题

AD Ltd manufactures and sells a single product, E, and uses a standard absorption costing system. Standard cost and selling price details for product E are as follows. $ per unit Variable cost 8 Fixed cost 2 10 Standard profit 5 Standard selling price 15 The sales volume variance reported for last period was $9,000 adverse. AD Ltd is considering using standard marginal costing as the basis for variance reporting in future. What would be the correct sales volume variance to be shown in a marginal costing operating statement for last period?

A、$6,428 (A)

B、$6,428 (F)

C、$12,600 (F)

D、$12,600 (A)

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第4题

A company uses standard marginal costing. Last month the standard contribution on actual sales was $10,000 and the following variances arose: $ Total variable costs variance 2,000 Adverse Sales price variance 500 Favourable Sales volume contribution variance 1,000 Adverse What was the actual contribution for last month?

A、$7,000

B、$7,500

C、$8,000

D、$8,500

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第5题

A company uses standard marginal costing. Last month, when all sales were at the standard selling price, the standard contribution from actual sales was $50,000 and the following variances arose: $ Total variable costs variance 3,500 Adverse Total fixed costs variance 1,000 Favourable Sales volume contribution variance 2,000 Favourable What was the actual contribution for last month?

A、$46,500

B、$47,500

C、$48,500

D、$49,500

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第6题

The budgeted contribution for HMF Co for June was $290,000. The following variances occurred during the month. $ Fixed overhead expenditure variance 6,475 Favourable Total direct labour variance 11,323 Favourable Total variable overhead variance 21,665 Adverse Selling price variance 21,875 Favourable Fixed overhead volume variance 12,500 Adverse Sales volume variance 36,250 Adverse Total direct materials variance 6,335 Adverse What was the actual contribution for the month?

A、$252,923

B、$258,948

C、$321,052

D、$327,077

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第7题

A company calculates the following under a standard absorption costing system. (i) The sales volume margin variance (ii) The total fixed overhead variance (iii) The total variable overhead variance If a company changed to a standard marginal costing system, which variances could change in value?

A、(i) only

B、(ii) only

C、(i) and (ii) only

D、(i), (ii) and (iii)

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第8题

A company uses a standard absorption costing system. The following figures are available for the last accounting period in which actual profit was $108,000. $ Sales volume profit variance 6,000 adverse Sales price variance 5,000 favourable Total variable cost variance 7,000 adverse Fixed cost expenditure variance 3,000 favourable Fixed cost volume variance 2,000 adverse What was the standard profit for actual sales in the last accounting period?

A、$101,000

B、$107,000

C、$115,000

D、$109,000

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第9题

A company operates a standard marginal costing system. Last month its actual fixed overhead expenditure was 10% above budget resulting in a fixed overhead expenditure variance of $36,000. What was the actual expenditure on fixed overheads last month?

A、$324,000

B、$360,000

C、$396,000

D、$400,000

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第10题

The following statements refer to qualities of good information: (i) It should be communicated to the right person. (ii) It should always be completely accurate before it is used. (iii) It should be understandable by the recipient. Which of the above statements are correct?

A、(i) and (ii) only

B、(i) and (iii) only

C、(ii) and (iii) only

D、(i), (ii) and (iii)

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