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.T he 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