管理会计(F2)选择题题库--2016

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.

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

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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.

A 1 only

B 2 only

C 1 and 2

D Neither 1 nor 2

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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.

A 1 and 2 only

B 1 and 3 only

C 2 only

D 2 and 3 only

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 )

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

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 )

A 1 only

B 2 only