管理会计：Cost behaviour unit Test and Answer.docx

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1、1、The following diagram represents the behaviour of one element of cost:Vblume of actrvity 0Which ONE of the following statements is consistent with the above diagram?A. Annual factory power cost where the electricity supplier sets a tariff based on a fixed charge plus a constant unit cost for consu

2、mption but subject to a maximum annual charge.B. Total direct material cost for a period where the supplier charges a constant amount per unit for all units supplied up to a maximum charge for the period.C. Weekly total labour cost when there is a fixed wage for a standard 40 hour week but overtime

3、is paid at a premium rate.D. Total direct material cost for a period if the supplier charges a lower unit cost on all units once a certain quantity has been purchased in that period.正确答案：A角牟析： The diagram shown depicts annual factory power cost where the electricity supplier sets a tariff based on a

4、 fixed charge plus a constant unit cost for consumption but subject to maximising arrival charge.用军析：A cost object is something to which costs are assigned, for example,a product, service or department.12、A production worker is paid a salary of $650 per month, plus an extra 5 cents for each unit pro

5、duced during the month. How is this type of labour cost best described?A. A variable costA semi-variable costB. A fixed costA step cost正确答案：B角军析： The salary is part fixed ($650 per month) and part variable (5 cents per unit). Therefore it is a semi-variable cost.13、 An organisation manufactures a si

6、ngle product. The total cost of making 4, 000 units is $20, 000 and the total cost of making 20, 000 units is $40,000. Within this range of activity the total fixed costs remain unchanged.What is the variable cost per unit of the product?A. $1. 25$1. 20B. $0. 80$2. 00正确答案：A解析： Using the high-low met

7、hod:UnitsCost ($)20, 00040, 0004, 00020, 00016, 00020, 000Variable cost per unit = $20, 000/16,000 units= $1. 2514、 Cost centres areamounts of expenditure attributable to various activitiesA. a section of an organisation for which budgets are prepared and control exercisedC.units of product or servi

8、ce for which costs are ascertainedD. functions or locations for which costs are ascertained and related to cost units正确答案：D15、What type of cost is supervisor salary costs, where one supervisoris needed for every ten employees added to the staff?A. A variable costA mixed costB. A step costA fixed cos

9、t正确答案：C 用军析： The cost described will increase in steps, remaining fixed at each step until another supervisor is required. Such a cost is known as a step cost.2、A cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity rang

10、e in the short term.What type of cost is this?A. A semi-variable costA stepped fixed costB. A variable costA fixed cost正确答案：B3、When total purchases of raw material exceed 30, 000 units in any one period then all units purchased, including the initial 30,000, are invoiced at a lower cost per unit.Whi

11、ch of the following graphs is consistent with the behaviour of the total materials cost in a period?AC.正确答案：B角军析：This graph shows that up to 30, 000 units, each unit costs a constantprice per unit. After 30, 000 units, the gradient of the new variablecostline is more gentle which indicates that the

12、cost per unit is lowerthanthe cost when 0 - 30,000 units are purchased.4 、 The following information for advertising and sales hasbeenestablished over the past six months:MonthSales RevenueAdvertising expenditure$ 000Advertising expenditureSales revenue$ 0001155321252. 53200641755. 551504. 562256. 5

13、Using the high-low method which of the following is the correct equation for linking advertising and sales from the above data?A. sales revenue = 95,000 + (20 * advertising expenditure)sales revenue = 62,500 + (25* advertising expenditure)B. advertising expenditure = - 4, 750 + (0. 05 * sales revenu

14、e)advertising expenditure = - 2,500 + (0. 04 * sales revenue)正确答案：B解析：Independent variable x = advertising expenditureDependent variable y = sales revenueHighest x = month 6 = $6,500Highest y = month 6 = $225,000Lowest x = month 2 = $2,500Lowest y = month 2 = $125,000Using the high-low method:Highes

15、t6, 500225,000Lowest2,500125,000Difference4,000100,000Sales revenue generated for every $1 spent on advertising = $100, 000/$4, 000=$25 per $1 spent.If $6, 500 is spent on advertising, expected sales revenue = $6,500 X $25 = $162,500Sales revenue expected without any expenditure on advertising = $22

16、5, 000-$162,500 =$62, 500Sales revenue = 62,500 = (25 X advertising expenditure)5、An organisation has the following total costs at two activity levels:Activity level (units)17,00022,000Total costs ($)140,000170,000Variable cost per unit is constant in this range of activity and there is a step up of

17、 $5, 000 in the total fixed costs when activity exceeds 18, 000 units.What is the total cost at an activity level of 20,000 units?A. $160, 000B. $158, 000C. $163, 000D. $155, 000正确答案：A 解析：Variable cost per unit = (170,000 - 5,000) - 140,000) (22, 000 - 17, 000) = $5Total fixed cost above 18, 000 uni

18、ts = 170, 000 - (22, 000 X 5) = $60, 000Total cost of 20, 000 units = (20, 000 X 5) + 60, 000 = $160, 000 6、A manufacturing company has four types of cost (identified as Tl, T2 ,T3 and T4).The total cost for each type at two different production levels is:Cost type Total cost for 125 units Total cos

19、t for 180 units$T1T2T3T41,2602, 5202,8264, 6441,0001,7502,4753, 225Which two cost types would be classified as being semi-variable?A. T1 and T4T2 and T3C.T1 and T3D. T2 and T4正确答案：C解析:Total cost per unit ($)Total cost per unit ($)(125 units)(180 units)T1T2T3T4T1T2T3T48. 0014. 0019. 8025. 807. 000014

20、. 7025. 80semi-variable.Cost types T2 and T4 are variable and T1 and T3 are 7、Reginald is the manager of production department M in a factory which has ten other production departments. He receives monthly information that compares planned and actual expenditure for department M. After department M,

21、 all production goes into other factory departments to be completed prior to being dispatched to customers. Decisions involving capital expenditure in department M are not taken by Reginald.Which of the following describes Reginald s role in department M?A. A profit centre managerA revenue centre ma

22、nagerB. A cost centre managerAn investment centre manager正确答案：C8、Which of the following would be considered to be an investment centre?A. Management have a sales team and are given a credit control function.B. Managers can purchase capital assets and are given a credit control function.C. Management

23、 have a sales team.D. Managers have control over marketing.正确答案：BThe following shows the total overhead costs for given levels of a companys total output.CostOutput$Units4,0001,0007, 0002,00010, 0003,0009, 5004,000A step up in fixed costs of $500 occurs at an output level of 3, 500 units.What would

24、be the variable overhead cost per unit (to the nearest $0. 01) using the high-low technique?A. $2. 75 per unit$1. 67 per unitB. $1. 83 per unit$3. 00 per unit正确答案：B角牟析： The high-low technique estimates variable cost per unit by lookingat the change in costs between the highest and lowest levels of o

25、utput. This can be calculated by finding the change in cost between the highest and lowest output levels not explained by the step in fixed costs ($9, 500 -$4, 000 - $500 = $5, 000) , and dividing by the change in output between the highest and lowest output levels. ($5, 000 / (4,000 units - 1,000 u

26、nits) = $1. 67 per unit.10、Which of the following is MOST likely to be classified as a step cost? A. Photocopier paperFuelB. Supervisor salaryRaw materials正确答案：c解析： A stepped cost is a cost which is fixed in nature but only within certain levels of activity. There is a limit to the number of workers a supervisor is able to supervise. If additional output is required, and additional workers employed, an extra supervisor will be required.11 Which one of the following is cost object?A. Wages of workersRent expense of a factoryB. Interest paid on a loanOne of a banks business customers正确答案：D