管理会计(F2)选择题题库

管理会计（F2）选择题题库---2016

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 consultants 5．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 Graph 1

B Graph 2

C Graph 4

D Graph 5 Which one of the above graphs illustrates the costs described A fixed cost – when the vertical axis represents cost incurred. （A ）

A Graph 1

B Graph 2

C Graph 3

D Graph 6 Which one of the above graphs illustrates the costs described A linear variable cost – when the vertical axis represents cost per unit. （A ）

A Graph 1

B Graph 2

C Graph 3

D Graph 6

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

A Graph 1

B Graph 2

C Graph 4

D Graph 5

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

A Graph 3

B Graph 4

C Graph 5

D Graph 6 10．A production worker is paid a salary of $650 per month, plus an extra 5 cents 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 cost

12．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 overheads 15．Budgeted overheads $690,480 Budgeted machine hours 15,344

Actual machine hours 14,128 Actual overheads $679,550

Based on the data above, what is the machine hour

absorption rate (to the nearest $)?（B ）

A 44 per machine hour

B 45 per machine hour

C 48 per machine hour

D 49 per 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 ）

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 ）

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 ）

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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.