2016年管理会计(F2)选择题题库附答案

2016年管理会计（F2）选择题题库附答案

一、单项选择题

1.The sales manager has prepared a manpower plan to ensure that sales quotas for the forthcoming year are achieved.This is an example of what type of planning（B）

A Strategic planning

B Tactical planning

C Operational planning

D Corporate planning

2．Which of the following statements is correct（B）A Management accounting systems provide information for use in fulfilling legal requirements

B Management accounting systems provide information

for the use of decision-makers within an

organisation

C Management accounting systems provide information for use by shareholders

D Management accounting systems provide information for use by tax authorities

3．Which of the following would be data rather than information（B）

A Sales increase/decrease per product in last quarter

B Total sales value per product

C Sales made per salesman as a percentage of total sales

D Sales staff commission as a percentage of total sales 4．Which of the following would be classed as indirect labour（B）

A Assembly workers in a company manufacturing televisions

B A stores assistant in a factory store

C Plasterers in a construction company

D A consultant in a firm of management consultants5．A company makes chairs and tables.Which of the following items would be treated as an indirect cost（D）

A Wood used to make a chair

B Metal used for the legs of a chair

C Fabric to cover the seat of a chair

D The salary of the sales director of the company 6．Which of the following best describes a controllable cost（C）

A A cost which arises from a decision already taken, which cannot,in the short run,be changed.

B A cost for which the behaviour pattern can be easily analysed to facilitate valid budgetary control comparisons.

C A cost which can be influenced by its budget holder.

D A specific cost of an activity or business which would be avoided if the activity or business did not exist. 7．Which of the following best describes a period cost （A）

A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation.

B A cost that can be easily allocated to a particular period, without the need for arbitrary

apportionment between periods.

C A cost that is identified with a unit produced

during the period,and is included in the value of inventory.The cost is treated as an expense for the period when the inventory is actually sold.

D A cost that is incurred regularly every period,eg every month or quarter.

8．Fixed costs are conventionally deemed to be which of the following（D）

A Constant per unit of output

B Outside the control of management

C Easily controlled

D Constant in total when production volume changes

9．

．

Which one of the above graphs illustrates the costs described A linear variable cost–when the vertical axis represents cost incurred.（B）

A Graph1

B Graph2

C Graph4

D Graph5Which one of the above graphs illustrates the costs described A fixed cost–when the vertical axis represents cost incurred.（A）

A Graph1

B Graph2

C Graph3

D Graph6Which one of the above graphs illustrates the costs described A linear variable cost–when the vertical axis represents cost per unit.（A）

A Graph1

B Graph2

C Graph3

D Graph6Which one of the above graphs illustrates the costs described A semi-variable cost–when the vertical axis represents cost incurred.（C）

A Graph1

B Graph2

C Graph4

D Graph5

Which one of the above graphs illustrates the costs described A step fixed cost–when the vertical axis represents cost incurred.（A）

A Graph3

B Graph4

C Graph5

D Graph610．A production worker is paid a salary of$650

per month,plus an extra5cents for each unit produced during the month.How is this type of labour cost best described（D）

A A variable cost

B A fixed cost

C A step cost

D A semi-variable cost

11．A total cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term.

What type of cost is this（D）

A A fixed cost

B A variable cost

C A

semi-variable cost D A stepped fixed cost12．What is the economic batch quantity used to establish Optimal（C）

A reorder quantity

B recorder level

C order quantity

D inventory level for production

13．A company determines its order quantity for a raw

material by using the Economic Order Quantity(EOQ)model. What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material（D）EOQ Total annual holding cost

A Higher Lower

B Higher Higher

C Lower Higher

D Lower Lower

14．Over-absorbed overheads occur when（A）

A Absorbed overheads exceed actual overheads

B Absorbed overheads exceed budgeted overheads

C Actual overheads exceed absorbed overheads

D Actual overheads exceed budgeted overheads15．Budgeted overheads$690,480Budgeted machine hours15,344

Actual machine hours14,128Actual overheads$679,550 Based on the data above,what is the machine hour absorption rate(to the nearest$)（B）

A44per machine hour

B45per machine hour

C48per machine hour

D49per machine hour

16.Absorption costing is concerned with which of the

following（D）

A Direct materials

B Direct labour

C Fixed costs

D Variable and fixed costs

17.The following statements have been made about life cycle costing.

(1)Life cycle costing can be applied to products with a short life cycle.

(2)Product life cycle costing is not well-suited for use within budgetary control systems.

Which of the above statements is/are true

（D）

A1only

B2only

C Neither1nor2

D Both1and2

18.The following statements have been made about target costing.

(1)Target costing makes the business look at what competitors are offering at an early stage in the

new product development process.

(2)Cost control is emphasised at the new product design stage so any engineering changes must happen before production starts.

Which of the above statements is/are true（D）

A1only

B2only

C Neither1nor2

D Both1and2

19.The following statements have been made about target costing.

(1)Target costing is inappropriate for a new product that has no existing market.

(2)It may be acceptable for a target cost for a new product to be exceeded during the growth stage of its life cycle.

Which of the above statements is/are true（B）

A1only

B2only

C Neither1nor2

D Both1and2

20.The following statements have been made about throughput accounting.

(1)When throughput accounting(TA)is used,the aim should be to have sufficient inventories to overcome bottlenecks in production.

(2)Throughput accounting is based on the assumption that in the short run,most factory costs,other than materials, are fixed.

Which of the above statements is/are true（B）

A1only

B2only

C Neither1nor2

D Both1and2

21.The following statements have been made about activity based costing.;’’

(1)Implementation of ABC is unlikely to be

cost-effective when variable production costs are

a low proportion of total production costs.

(2)In a system of ABC,for costs that vary with production levels,the most suitable cost driver is likely to be direct labour hours or machine hours.

Which of the above statements is/are true(B)

A1only

B2only

C Neither1nor2

D Both1and2

22.In the theory of constraints and throughput accounting,which of the following methods may be used to elevate the performance of a binding

constraint(C)

(1)Acquire more of the resource that is the binding constraint.

(2)Improve the efficiency of usage of the resource that is the binding constraint.

A1only

B2only

C1and2

D Neither1nor2

23.The following statements have been made about life cycle costing.

(1)Life cycle costing is more useful for planning than for control purposes.

(2)Most of the life cycle costs for a product are determined by decisions taken in the early stage of

a product’s life cycle.

Which of the above statements is/are true(D)A1only

C Neither1nor2

D Both1and2

24.The following statements have been made about activity based costing.

(1)Activity based costs are not the same as relevant costs for the purpose of short-run

decision-making.

(2)Activity based costing is a form of absorption costing. Which of the above statements is/are true(D)

A1only

B2only

C Neither1nor2

D Both1and2

25.The following statements have been made about activity based costing.

(1)In a system of ABC,apportionment of some overhead costs may need to be done on an arbitrary basis.

(2)The costs of introducing and maintaining an

activity based costing system may exceed the

benefits of such a costing system.

Which of the above statements is/are true(D)

B2only

C Neither1nor2

D Both1and2

26.The following statements have been made about target costing.

(1)Target costing ensures that new product development costs are recovered in the target

price for the product.

(2)A cost gap is the difference between the target price and the target cost.

Which of the above statements is/are true(C)

A1only

B2only

C Neither1nor2

D Both1and2

27.In which of the following ways might financial returns be improved over the life cycle of a product

(C)

(1)Maximising the breakeven time.

(2)Minimising the time to market.

(3)Minimising the length of the life cycle.

A1and2only

B1and3only

C2only

D2and3only

28.The following statements have been made about target costing.

(1)Target costing is not well-suited for services

that have a large fixed cost base.

(2)Costs may be reduced in target costing by

removing product features that do not add value.

Which of the above statements is/are true(D)

A1only

B2only

C Neither1nor2

D Both1and2

29.The following statements have been made about activity based costing.

(1)Activity based costs are not the same as relevant costs for the purpose of short-run decision-making (2)Activity based costing is a form of absorption costing Which of the above statements is/are true(D)

A1only

B2only

C Neither1nor2

D Both1and2

30.The following statements have been made about target costing.

(1)A target cost gap is the difference between the target cost for a product and its projected cost.

(2)Products should not be manufactured if there is

a target cost gap.

Which of the above statements is/are true(A)

A1only

B2only

C Neither1nor2

D Both1and2

31.The following statements have been made about throughput accounting.

(1)Inventory has no value and should be valued at$0.

(2)Efficiency is maximised by utilising direct labour time and machine time to full capacity.

Which of the above statements is/are true(C)

A1only

B2only

D Both1and2

32.The following statements have been made about activity based costing.

(1)In the short run,all the overhead costs for an activity vary with the amount of the cost driver for the activity.

(2)A cost driver is an activity based cost.

Which of the above statements is/are true(C)

A1only

B2only

C Neither1nor2

D Both1and2

33.The following statements have been made abouttarget costing.

(1)The value of target costing depends on having reliable estimates of sales demand.

(2)Target costing may be applied to services that are provided free of charge to customers,such as costs of call centre handling.

Which of the above statements is/are true(A)

A1only

B2only

D Both1and2

34.The following statements have been made about life cycle costing.

(1)An important use of life cycle costing is to decide whether to go ahead with the development of a new product.

(2)Life cycle costing encourages management to find

a suitable balance between investment costs and operating expenses.

Which of the above statements is/are true(D)

A1only

B2only

C Neither1nor2

D Both1and2

35.The following statements have been made about traditional absorption costing and activity based costing.

(1)Traditional absorption costing may be used to set prices for products,but activity based costing

may not.

(2)Traditional absorption costing tends to allocate too many overhead costs to low-volume products and not

enough overheads to high-volume products.

Which of the above statements is/are true(C)

A1only

B2only

C Neither1nor2

D Both1and2

36.For which one of the following reasons would the choice of penetration pricing be unsuitable for a product during the initial stage of its life cycle

(B)

A To discourage new entrants to the market

B To increase the length of the initial stage of the life cycle

C To achieve economies of scale

D To set a price for a product that has a high price elasticity of demand

37.The following statements have been made about theuse of ex pected values for decision-making under conditions of

uncertainty.

(1)Expected values are used to support a risk-averse attitude to

decision-making.

(2)Expected values are more valuable as a guide to decision-making where they

refer to outcomes which will occur many times over. Which of the above statements is/are true(B)

A1only

B2only

C Neither1nor2

D Both1and2

38.Which of the following statements about relevant costing is/are correct(C)

(1)An opportunity cost is defined as the relevant cost of taking a business opportunity.

(2)Business decisions should be taken on the basis of whether they improve profit

or reduce costs.

A1only is correct

B2only is correct

C Neither1nor2is correct

D Both1and2are correct

39.In which one of the following circumstances would the choice of a market skimming pricing policy be unsuitable

for a product during the initial stage of its life cycle (C)

A The product is protected by a patent

B Expected demand and the price sensitivity of customers for the new product are unknown

C When the product is expected to have a long life cycle

D To maximise short-term profitability

40.The following statements have been made about relevant costing.

(1)Sunk costs can never be a relevant cost for the purpose of decision-making.

(2)If a company charges the minimum price for a product or service,based on

relevant costs,it will not improve its overall profitability.

Which of the above statements is/are true(D)

A1only

B2only

C Neither1nor2

D Both1and2

41.The following statements have been made about full cost plus pricing.