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1、 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 1 2013 年 CIMA 考试每日一练(2)1.An engineering firm operates a job costing system.Production overhead is absorbed at the rate of$8.50 per machine hour.In order to allow for non-production overhead costs and profit,a mark up of 60%of prime cost is added to th
2、e production cost when preparing price estimates.The estimated requirements of job number 808 are as follows:Direct materials$10,650 Direct labour$3,260 Machine hours 140 The estimated price notified to the customer for job number 808 will be A.$22,256 B.$22,851 C.$23,446 D.$24,160 2.The diagram rep
3、resents the behaviour of a cost item as the level of output changes.Which ONE of the following situations is described by the graph?A.Discounts are received on additional purchases of material when certain quantities are purchased.B.Employees are paid a guaranteed weekly wage,together with bonuses f
4、or higher levels of production.C.A licence is purchased from the government which allows unlimited production.D.Additional space is rented to cope with the need to increase production.3.A hospitals records show that the cost of carrying out health checks in the last five accounting periods have been
5、 as follows:Period Numberof patients seen Total cost($)1 650 17,125 2 940 17,800 3 1260 18,650 4 990 17,980 5 1150 18,360 Using the high-low method and ignoring inflation,the estimated cost of carrying out health checks on 850 patients in period 6 is:财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 2
6、 A.$17,515 B.$17,570 C.$17,625 D.$17,680 4.Which ONE of the following statements is true?A.The total variable cost varies with a measure of activity.B.A variable cost is an unavoidable cost.C.A variable cost is not relevant for decision-making.D.A variable cost becomes fixed in the long run.5.The fo
7、llowing data have been collected for four cost types;W,X,Y,and Z at two activity levels.Where V=variable,SV=semi-variable and F=fixed,assuming linearity,the four cost types W,X,Y and Z are respectively:6.Fixed costs are conventionally deemed to be:A.Constant per unit of output B.Constant in total wh
8、en production volume changes C.Outside the control of management D.Those unaffected by inflation 7.Based on the data below,what is the amount of the overhead under-/over-absorbed？Invoices paid in the month after sale 60%Invoices paid in the second month after sale 20%Invoices paid in the third month
9、 after sale 15%Bad debts 5%Credit sales for June to August 2011 are budgeted as follows:June$100,000 July$150,000 August$130,000 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 3 8.Customers paying in the month after sale are entitled to deduct a 2%settlement discount.Invoices are issued on the last
10、 day of the month.The amount budgeted to be received in September 2011 from credit sales is:A.$115,190 B.$116,750 C.$121,440 D.$123,000 9.A flexible budget is:A.A budget which by recognising different cost behaviour patterns is designed to change as the volume of activity changes.B.A budget for a de
11、fined period of time which includes planned revenues,expenses,assets,liabilities and cash flow.C.A budget which is prepared for a period of one year which is reviewed monthly,whereby each time actual results are reported,a further forecast period is added and the intermediate period forecasts are up
12、dated.D.A budget of semi-variable production costs only.10.The following extract is taken from the overhead budget of X:Budgeted activity 50%75%Budgeted overhead$100,000$112,500 The overhead budget for an activity level of 80%would be A.$115,000 B.$120,000 C.$136,000 D.$160,000 1.【答案】D 2.【答案】A 3.【答案】C 4.【答案】A 5.【答案】B 6.【答案】B 7.【答案】D 8.【答案】C 9.【答案】A 10.【答案】A 财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 4 参与 CIMA 的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取CIMA 考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询。更多 CIMA 考试资讯，请关注官方微信公众号：gaoduncima