CIMA—C1模拟题及分析(2)

CIMA—C1模拟题及分析（2）

1. 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.

2． 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

3． 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

4. 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.

5. 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

6. 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.

7. 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.

8. 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

9．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

10. 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.

11. 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

12．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

13. 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

Creditors 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

14.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

15. 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

16. 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

17. 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

18.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?

19. 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.

20. 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

试题答案：

1、【答案】 A

2、【答案】 D

3、【答案】 B

4、【答案】 D

5、【答案】 A

6、【答案】 A

7、【答案】 B

8、【答案】 A

9、【答案】 D

10、【答案】 A

11、【答案】 D

12、【答案】 C

13、【答案】 C

14、【答案】 D

15、【答案】 C

16、【答案】 A

17、【答案】 B

18、【答案】 C

19、【答案】 C

20、【答案】 D

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