ACCAF1-F3模拟题及解析(4)12702.pdf

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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 第 1 章 ACCA F1-F3 模拟题及解析（4）1.Which of the following should be classified as indirect labour?A.Machine operators in a factory producing furniture B.Lawyers in a legal firm C.Maintenance workers in a power generation organisation D.Lorry drivers in a r

2、oad haulage company.2.Which of the following should NOT be classified as a service cost centre in a manufacturing organisation?A.Factory canteen B.Stores C.Materials handling department D.Final product inspection department 3.A firm has to pay a 0.5 per unit royalty to the inventor of a device which

3、 it manufactures and sells.The royalty charge would be classified in the firms accounts as a:A.selling expense B.direct expense C.production overhead D.administration overhead 4.Which one of the following would be classified as indirect labor?A.Assembly workers on a car production line B.Bricklayers

4、 in a house building company C.Machinists in a factory producing clothes D.Forklift truck drivers in the stores of an engineering company 5.In a period,a company had opening inventory of 31,000 units of product G and closing inventory or 34,000 units.Profits based on marginal costing were 850,500 an

5、d profits based on absorption costing were 955,500.If the budgeted fixed costs for the company for the period were 1,837,500,what was the budgeted level of activity?A.24,300 units B.27,300 units C.52,500 units D.65,000 units 6.The production budget is calculated by taking the sales budget adding the

6、 opening inventory of finished goods and subtracting the closing inventory of finished goods.The statement is:A.True B.False 7.A company uses process costing to establish the cost per unit of its output.The following information was available for the last month:Input units 10,000 Output units 9,850

7、Opening stock 300 units,100%complete for materials and 70%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 complete for conversion costs Closing stock 450 units,100%complete for materials and 30%complete for conversion costs The company uses the weighted average method of valuing stock.What were th

8、e equivalent units for conversion costs?A.9,505 units B.9,715 units C.9,775 units D.9,985 units 8.A company has calculated its margin of safety as 20%on budgeted sales and budgeted sales are 5,000 units per month.What would be the budgeted fixed costs if the budgeted contribution was 25 per units?A.

9、100,000 B.125,000 C.150,000 D.160,000 9.A law firm recovers overheads on chargeable consulting hours.Budgeted overheads were 615,000 and actual consulting hours were 32,150.overheads were under-recovered by 35,000.If actual overheads were 694,075,the budgeted overhead absorption rate per hour is:A.2

10、0.21 B.20.50 C.21.59 D.22.68 10.The following diagram represents a profit/volume chart for an organization:At the specific levels indicated what do the lines“G”and“H”represent?Line“G”Line”H”A.Loss Profit B.Loss Contribution C.Contribution Profit D.Contribution Contribution 11.ABC prepares its accoun

11、ts to a 30 June year end.Its accounts for the year ended 30th20 x8 are approved on 12 September th January 20 x9 and issued on 20th February 20 x9 and opened the shareholders meeting on April 30thWhich of the following is an adjusting post balance event.20 x9.A:A fire destroys inventory which cost$1

12、,800 on 3rdB:A credit customer with an outstanding balance at the year end was declared bankrupt on 20 December 20 x8.thC:Inventory value at a cost of$900 in the year end accounts was sold for$500 on 11 January 29x9.thD:An ordinary dividend of 4c per share was declared on 1 January 20 x9.st December

13、 29x8.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 12.Mr.Cs sales ledger control account shows a balance at the end of the year of$58,200 before making the following adjustments:(1)C wishes to write off debts amounting to$8,900 as he believes that are irrecoverable.(2)He also wishes to make spe

14、cific allowance for Ds debts of$1,350 and Es debt of$750.(3)He wishes to maintain a general allowance of 3%of the year end receivable balance.Cs allowance for receivables at the prior year end was$5,650.What is the charge to the income statement in respect of the above?A:$6,766 B:$11,034 C:$6,829 D:

15、$10,971 13.In times of falling prices,the historical cost convention (1)understates asset values and profits (2)understates asset values and overstates profits (3)overstates asset values and profits (4)overstates asset values and understates profits 14.Which of the following characteristics of finan

16、cial information contribute to reliability according to the IASBs Framework for the Preparation and presentation of Financial Statements?(1)Completeness (2)Prudence (3)Neutrality (4)Faithful representation (5)Comparability (6)Timely A:1,2,3,4 B:1,2,3 C:1,2,4 D:2,3,4 E:1,5,6 15.A firms cash book at 3

17、0 June 20 x7 shows a balance at the bank of$2,parison with the bank statement at the same date reveals the following differences:Un-presented cheque 840 Bank charges not in cash book 50 Receipts not yet credited by the bank 470 Dishonored cheque not in cash book 140 The correct bank balance at 30 Ju

18、ne 20 x7 is:A:$1,460 B:$2,300 C:$2,580 D:$3,140 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 16.The profit of a business may be calculated by using which one of the following formulae?A:opening capital drawings+capital introduced closing capital B:closing capital+drawings capital introduced ope

19、ning capital C:opening capital+drawings capital introduced closing capital D:closing capital drawings+capital introduced opening capital 17.Mr.Anderson runs business selling furniture.On January 3rd 20 x7,he employed his son as anaccountant for his business and took a cabinet from the store room for

20、 him to use in the office.Which is the double entry for this transaction:A:Dr:Drawings Cr:cost of sales B:Dr:Non-current assets Cr:cost of sales C:Dr:Cost of sales Cr:drawings D:Dr:Cost of sales Cr;Non-current assets 18.The trial balance of A shows total debits of$125,819 and total credits of$118,25

21、1.Which of the following explains the difference in full?A:Discount allowed of$3,784 have been shown on the wrong side of the trial balance.B:Discount received of$3,784 have been credited to the purchase ledger control account.C:The sales day book has been under cast by$7,568.D:An opening accrual of

22、$7,568 ahs been omitted from the rental expense accounts.19.Mr.Write gives a cash discount of$40 to a customer.The discount is credited to the discounts allowed account.The effect of recording the discount in this way is that profit will be:A.correct B.overstated by$80 C.understated by$80 D.understa

23、ted by$40.20.Should dividend paid appeared on the face of the companys income statement or on the statement of change in equity.A:Income Statement B:Statement of change in equity 21.The purchase ledger control account below contains a number of errors:Purchase ledger control account$财经网络教育领导品牌 _ 高顿网

24、校 All Rights Reserved 版权所有 复制必究 5 Balance b/f 318,600 Cash paid to suppliers 1,364,300 Purchases 1,268,600 Purchase returns 41,200 Contras against debit balances in 48,000 Receivables ledger Refunds received from suppliers 2,700 Balance c/f Discounts received 8,200 402,000 1,726,800 All items relate

25、 to credit purchases.1,726,800 What should be the closing balance when all the errors are corrected?A.$128,200 B.$509,000 C.$224,200 D.$144,600 22.The plant and equipment account in the records of a company for the year ended 31 December 20X7 is shown below:Plant and equipment-cost$Balance b/f 960,0

26、00 1 July Cash 48,000 30 Sept Disposals 84,000 Balance c/f 924,000 1,008,000 The companys policy is to charge straight line depreciation at 20%per year on a pro rata basis.1,008,000 What should be the charge for depreciation in the companys income statement for the year ended 31 December 20X7?A.$184

27、,800 B.$192,600 C.$191,400 D.$184,200 23.A and B are in partnership,sharing profits in the ratio 3:2 and preparing their accounts to 30 June each year.On 1 January 20X6,C joined the partnership and the profit sharing ratio became 4:3:3(A:B:C).Profits for the year ended 30 June 20X6 were:$Six months

28、ended 31.12.X5 300,000 Six months ended 30.6.X6 450,000 An irrecoverable debt of$50,000 was written off in the six months ended 30 June X6 in computingthe$450,000 profit.It was agreed that this should be borne by A and B only,in their original profit 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 6

29、 sharing ratios.What is Albus total profit share for the year ended 30 June 20X6?A.$330,000 B.$310,000 C.$340,000 D.$350,000 24.ABC,a company,makes two changes to accounting practice at the end of 20X7:1 It changes the way in which it depreciates motor vehicles from 20%straight line to 30%reducing b

30、alance.2It starts to capitalize interest costs where allowed in accordance with the relevant standard.Previously it had adopted a policy of writing off all interest costs to the income statement.What is the correct way to account for these two changes?1 2 A.Do not adjust opening reserves Do not adju

31、st opening reserves B.Do not adjust opening reserves Adjust opening reserves C.Adjust opening reserves Adjust opening reserves D.Adjust opening reserves Do not adjust opening reserves 25.Which of the following statements about the treatment of inventory and work in progress in financial statements a

32、re correct?(i)Inventory should be valued at the lower of cost,net realisable value and replacement cost.(ii)In valuing work in progress,materials costs,labour costs and variable and fixed production overheads must be included.(iii)Inventory items can be valued using either first in,first out(FIFO)or

33、 weighted average cost.(iv)A companys financial statements must disclose the accounting policies used in measuring inventories.A.All four statements are correct.B.1,2 and 3 only C.2,3 and 4 only D.1 and 4 only 26.A draft cash flow statement contains the following:$m Profit before tax 22 Depreciation

34、 8 Increase in inventories (4)Decrease in receivables (3)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 7 Increase in payables (2)Net cash inflow from operating activities 21 Which of the following corrections needs to be made to the calculations?1 Depreciation should be deducted,not added 2 Increa

35、se in inventories should be added,not deducted 3 Decrease in receivables should be added,not deducted 4 Increase in payables should be added,not deducted A.1 and2 B.1 and3 C.2 and4 D.3 and4 27.Which of the following are books of prime entry?A.Sales day book and Trial balance B.Petty cash book and ac

36、counts receivable ledger C.Petty cash book and journal D.Cash book and asset register 28.Which of the following statements is true?A.The directors of a company are liable for any losses of the company.B.A sole trader business is owned by shareholders and operated by the proprietor.C.Partners are lia

37、ble for losses in a partnership in proportion to their profit share ratio.D.A company is run by directors on behalf of its members.29.Which of the following are documents issued by the customer in a transaction rather than the supplier?A.Quotation,goods delivery note and debit note B.Goods delivery

38、note,remittance advice and sales order C.Purchase order and debit note D.Sales order,purchase invoice and remittance advice 30.Which of the following are true?1 When there is a change in the structure of a partnership,the assets of the business are normally revalued.2 Partnership goodwill can be cal

39、culated as a multiple of the previous years profit.3 Partnership goodwill is only considered when a new partner joins or an old partner leaves the partnership.A.1 and2 B.1 and3 C.2 and3 D.All 3 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 8 试题答案 1.【答案】C 2.【答案】D 3.【答案】B 4.【答案】D 5.【答案】C 【解析】(955500

40、 850500)/(34000 31000)=35 1837500/35=52500 6.【答案】B 7.【答案】D 【解析】Conversion EU Output 9,850 Closing stock 135 =450 30%9,985 8.【答案】A 【解析】Margin:1000 units BEP in units:4,000 units Fixed costs=4000/25=100,000 9.【答案】B 【解析】32150*rate 694075=35000 Rate=20.5 10.【答案】D 11.【答案】C 12.【答案】A 13.【答案】D 14.【答案】A 15.【

41、答案】B 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 9 16.【答案】B 17.【答案】B 18.【答案】D 19.【答案】B 20.【答案】B 21.【答案】A 22.【答案】B 23.【答案】D 24.【答案】B 25.【答案】C 26.【答案】D 27.【答案】C 28.【答案】D 29.【答案】C 30.【答案】A 参与 ACCA 考试的考生可按照复习计划有效进行，另外高顿网校官网 ACCA 考试辅导高清课程已经开通，还可索取 ACCA 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复习备考效果。更多详情可登录高顿网校官网或关注高顿网校微信咨询。