管理会计：Absorption and marginal costing unit Test and Answer.docx

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1、一、单项选择题1 Under absorption costing, the total cost of a product will include: A.Variable costs onlyB.AII direct and indirect costsC.Direct costs onlyD.AII direct and indirect costs excluding a share of fixed overhead正确答案：B解析： Under absorption costing all associated costs are included in the total cos

2、t of a product 2、 A company produces and sells a single product whose variable cost is $6 per unit. Fixed costs have been absorbed over the normal level of activity of 200,000 units and have been calculated as $2 per unit. The current selling price is $10 per unit. How much profit is made under marg

3、inal costing if the company sells 250,000 units?A.$600,000B.$500,000C.$l,000,000D.$900,000正确答案：A解析: Contribution per unit = selling price - variable cost = $10-$6=$4 per unitTotal contribution = 250,000 units x $4 per unit = $1,000,000Total fixed costs = 200,000 units x $2 per unit =$400,000Marginal

4、 costing profit = total contribution - total fixed costs= $1,000,000-$400,000=$600,0003、The following information relates to a manufacturing company for next period: Units$Production 14,000Fixed production costs 63,000Sales12,000Fixed selling costs12,000Using absorption costing the profit for next p

5、eriod has been calculated as $36,000.What would the profit for next period be using marginal costing?A.$25,000B.$47,000C.$45,000D.$27,000正确答案：D解析： Marginal costing profit=36,000-(2,000*63,000/14,000)=527,0004、Last month a manufacturing company/s profit was $2,000, calculated using absorption costing

6、 principles. If marginal costing principle has been used, a loss of $3,000 would have occurred. The companys fixed production cost is $2 per unit. Sales last month were 10,000 units.What was last months production (in units)?A.10,500B.7,500C.12,500D.9,500正确答案：C解析: Any difference between marginal cos

7、ting and absorption costing profit is due to changes in inventory.Absorption costing profit:$2,000Marginal costing profit:$(3,000)Difference$5,000Change in inventory=$5,000/$2=2,500 unitsThen, production=10,000 units(sales)+2,500 units=12,500 units5、The overhead absorption rate for product T is $4 p

8、er machine hour. Each unit of T requires 3 machine hours. Inventories of product T last period were:UnitsOpening inventory 2,400Closing inventory 2,700Compared with the marginal costing profit for the period, the absorption costing profit for product T will be which of the following?A.$l,200 higherB

9、.$3,600 higherC.$3,600 lowerD.$l7200 lower正确答案：B解析:Difference in profit = change in inventory level * fixed overhead per unit= (2,400-2,700) *($4*3)=$3,600The absorption profit will be higher because inventories have increased, and fixed overheads have been carried forward in inventories.6、In a peri

10、od where opening inventories were 15,000 units and closing inventories were 20,000 units, a firm had a profit of $130,000 using absorption costing. If the fixed overhead absorption rate was $8 per unit, the profit using marginal costing would be which of the following?A.$130z000B.Impossible to calcu

11、late without more informationC.$170,000D.$90,000正确答案：D解析: Difference in profit = change in inventory level * fixed overhead per unit= (15,000-20,000)* $8=$40,000The inventory level increased during the period therefore the absorption costing profit is higher than the marginal costing profit.Marginal

12、 costing profit = $130,000 - $40,000 = $90,0007、In a period, a company had opening inventory of 31,000 units and closing inventory of 34,000 units. Profits based on marginal costing were $850,500 and on absorption costing were $955,500.If the budgeted total fixed costs for the company was $1,837,500

13、, what was the budgeted level of activity in units?A.105,000B.32,500C.65,000D.52,500正确答案：D解析: Inventory levels increased by 3,000 units and absorption costing profit is $105,000 higher($955/500 - $850,500).Fixed production cost included in inventory increase: $105,000/3,000=$35 per unit of inventory

14、Budgeted fixed costs/Fixed cost per unit=$l,837,500/$35 = 52,500 units8、A company had opening inventory of 48,500 units and closing inventory of 45,500 units. Profits based on marginal costing were $315,250 and on absorption costing were $288,250. What is the fixed overhead absorption rate per unit?

15、A.$6.34B.$9.00C.$5.94D.$6.50正确答案：B解析：Decrease in inventory levels = 48,500 - 45,500 = 3,000 unitsDifference in profits = $315,250 - $288,250 = $27,000Fixed overhead per unit = $27,000/3,000= $9 per unit9、Cost and selling price details for product Z are as follows.$ per unitDirect materials6.00Direct

16、 labour7.50Variable overhead2.50Fixed overhead absorption rate5.0021.00Profit9.00Selling price30.00Budgeted production for the month was 5,000 units although the company managed to produce 5,800 units,selling 5,200 of them and incurring fixed overhead costs of $27,400. What is the marginal costing p

17、rofit for the month?A.$46,800B.$53,800C.$45,400D.$72,800正确答案：C解析：Contribution per unit = $30 - $(6.00 + 7.50 + 2.50)= $14Contribution for month = $14 x 5,200 units= $72,800Less fixed costs incurred = $27,400Marginal costing profit = $45,40010 Cost and selling price details for product Z are as follo

18、ws.$ per unitDirect materials6.00Direct labour7.50Variable overhead2.50Fixed overhead absorption rate5.0021.00Profit9.00Selling price30.00Budgeted production for the month was 5,000 units although the company managed to produce 5,800 units,selling 5,200 of them and incurring fixed overhead costs of

19、$27,400. What is the absorption costing profit for the month?A.$45z200B.$48,400C.$45,400D.$46,800正确答案：B解析：B、$Sales (5,200 at $30)156,000Materials (5,200 at $6)31,200Labour (5,200 at $7.50)39,000Variable overhead (5,200 at $2.50)13,000Total variable cost(83,200)Fixed overhead ($5 * 5,200)(26,000)Over-absorbed overhead (W)1,600Absorption costing profit48,400Working$Overhead absorbed (5,800 *$5)29,000Overhead incurred27,400Over-absorbed overhead1,600