管理会计：Job, batch and service costing unit Test and Answer.docx

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1、一、单项选择题1、Which one of the following are characteristics of job costing?A.Customer-driven productionB.Multiple products produced simultaneously in small groupsC.Homogeneous productsD.Each order is of generally for a long duration正确答案：A2、 The following items may be used in costing batches.1. Actual ma

2、terial cost2. Actual manufacturing overheads3. Absorbed manufacturing overheads4. Actual labour costWhich of the above are contained in a typical batch cost?A.l and 4 onlyB.l, 2 and 4 onlyC.l, 3 and 4 onlyD.l, 2, 3 and 4正确答案：C解析：The actual material and labour costs for a batch (1 and 4) can be deter

3、mined from the material and labour recording system. Actual manufacturing overheads cannot be determined for a specific batch because of the need for allocation and apportionment of each item of overhead expenditure, and the subsequent calculation of a predetermined overhead absorption rate. Therefo

4、re item 2 is incorrect and item 3 is correct.3、Which of the following costing methods is most likely to be used by a company involved in the manufacture of liquid soap?AJob costingB.Process costingC.Service costingD.Batch costing正确答案：B解析:Process costing is a costing method used where it is not possi

5、ble to identify separate units of production, or jobs, usually because of the continuous nature of the production process. The manufacture of liquid soap is a continuous production process.4、 A company operates a job costing system. Job number 1012 requires $45 of direct materials and $30 of direct

6、labour. Direct labour is paid at the rate of $7.50 per hour. Production overheads are absorbed at a rate of $12,50 per direct labour hour and non-production overheads are absorbed at a rate of 60% of prime cost.What is the total cost of job number 1012?A.$195B.$170C.$240D.$200正确答案：B解析：B、$Direct mate

7、rials45Direct labour (4 hours)30Prime cost75Production overheads (4 x 12.50)50Total production cost125Non-production overheads (75 x 0.6)45Total cost170 5、Consider the following statements:(i) Job costing is only applicable to service organisations.(ii) Batch costing can be used when a number of ide

8、ntical products are manufactured together to go into finished stock.Is each statement TRUE or FALSE?A. Statement (i) FalseB.Statement (i) FalseC.Statement (i) True 0.Statement (i)True正确答案：BStatement (ii) FalseStatement (ii)TrueStatement (ii)TrueStatement (ii)False6、Which of the following would be co

9、nsidered a service industry?(i) an airline companya railway company(ii) a firm of accountantsA.(ii) and (iii) onlyB.，(ii) and (iii)C.(i) and (ii) onlyD.(i) and (iii) only正确答案：B7、Which of the following would be appropriate cost units for a passenger coach company?(i) Vehicle cost per passenger-kilome

10、tre(ii) Fuel cost for each vehicle per kilometre(iii) Fixed cost per kilometreA. and (iii) onlyB. onlyC.(ii) and (iii) onlyD.(i) and (ii) only正确答案：D解析： The vehicle cost per passenger-kilometre (i) is appropriate for cost control purposes because it combines the distance travelled and the number of p

11、assengers carried, both of which affect cost.The fuel cost for each vehicle per kilometre (ii) can be useful for control purposes because it focuses on a particular aspect of the cost of operating each vehicle.The fixed cost per kilometre (iii) is not particularly useful for control purposes because

12、 it varies with the number of kilometres travelled.8、 A firm makes special assemblies to customers orders and job costing. The data for the period are:Job No.AAlO Job No.BB15 Job No.CC20$ $ $Opening WIP26,80042,7900Material added in period17,27508,500Labour for the period14,5003,50024,600The budgete

13、d overhead for the period were $126,000.Overhead are absorbed on the basis of labour costs.What overhead should be added to job No CC20 for the period?A.$72,761B.$24,600C.$126,000D.$65,157正确答案：A解析：Total labour cost=$14,500+$3/500+$24,600=$42,600Overhea absorption rate=$126,000/42,600=295.77% of dire

14、ct labour costOverhead added to Job number CC20=295.77%*$24,600=$72,7619、 A firm makes special assemblies to customers orders and job costing. The data for the period are:Job No.AAlOJob NO.BB15 Job No.CC20$ 42,7900 3,500$0 8,50024,600$Opening WIP26,800Material added in period17,275Labour for the per

15、iod14,500The budgeted overhead for the period were $126,000.Overhead are absorbed on the basis of labour costs.Job NoBB15 was completed and delivered during the period and the firm wishes to earn 33 1/3% profit on sales. What is the selling price of job NoBB15?A.$138,870B.$69,435C.$84,96342,79042,79

16、0D.$75,521 正确答案：C 解析：Job BB15($) Opening WIPLabour for the period3,500Overheads(295.77%*$3,500)10,352Total cost56,642Profit28,321Selling price$84,963 10、A firm makes special assemblies to customers/ orders and job costing. The data for the period are:JobNo.BB15$42,79003,500Job NO.CC20$018,50024,600J

17、ob No.AAlO $Opening WIP26,800Material added in period 17,275Labour for the period14,500The budgeted overhead for the period were $126,000.Overhead are absorbed on the basis of labour costs.What was the approximate value of closing WIP at the end of the period?A.$147,965B.$217,323C.$101, 675D.$58,575

18、正确答案：B解析：JobAAlO: (26,800+17,275+14,500)+( 295.77%*$14z500)=$101,462JobCC20: (18,500+24/600+72,761)=$115,861Total cost=$217,32311 Which of the following is NOT a characteristic of service costing?A.Can be used for internal services as well as external servicesB.High levels of direct costs as a propo

19、rtion of total costsC.Intangibility of outputD.Use of composite cost units正确答案：B解析：For most services it is difficult to identify many attributable direct costs. A high level of indirect costs must be shared over several cost units, therefore it is not a characteristic of service costing.12、Last year

20、, Bryan Air carried excess baggage of 250,000 kg over a distance of 7,500 km at a cost of $3,750,000 for the extra fuel. What is the cost per kg-km?A.$0.002 per kg-kmB.$2.00 per kg-kmC.$500.00 per kg-kmD.$33.33 per kg-km正确答案：A解析：Kg X km taken = 250,000 kg X 7,500 km= 1,875,000,000 kg-kmcost per kg-k

21、m = $3,750,000/1,875,000,000 = $0,002 per kg-km13、Which of the following are likely to use service costing?(i) A college(ii) A hotel(iii) A plumberA.(ii) and (iii) onlyB.(i) and (ii)C.(ii) onlyD. (i), (ii) and (iii)正确答案：B解析: A college and a hotel are likely to use service costing. A plumber works on

22、 separately identifiable jobs and is therefore more likely to use job costing.14、For operational purposes, for a company operating a fleet of delivery vehicles, which of the following cost units would the most useful?A.Cost per tonne mileB.Cost per kilogram carriedC. Cost per driver hourCost per mile run正确答案：A