管理会计：Accounting for overhead unit Test and Answer.docx

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1、一、单项选择题1、Which of the following is correct when considering the allocation, apportionment and reapportionment of overheads in an absorption costing situation?A.AIIocation is the situation where part of an overhead is assigned to a cost centre.B.Any overheads assigned to a single department should be

2、 ignored.C.Costs may only be reapportioned from production centres to service centres.D.Only production related costs should be considered.正确答案：D解析：Only production related costs should be considered when considering the allocation, apportionment and reapportionment of overhead in an absorption costi

3、ng situation.2、Which of the following would be the most appropriate basis for apportioning machinery insurance costs to cost centres within a factory?A.The operating hours of the machinery in each cost centreB.The number of machines in each cost centreC.The value of the machinery in each cost centre

4、D.The floor area occupied by the machinery in each cost centre正确答案：C解析: The insurance cost is likely to be linked to the cost of replacing the machines, therefore the most appropriate basis for apportionment is the value of machinery.3 A company manufactures two products, X and Y in a factory divide

5、d into two production cost centres, Primary and Finishing. The following budgeted data are available:Cost centrePrimaryFinishingAllocated and apportioned fixed overhead costs$96,000$82,500Direct labour minutes per unit:-product X3625-product Y4835Budgeted production is 6,000 units of product X and 7

6、,500 units of product Y.Fixed overhead costs are to be absorbed on a direct labour hour basis.What is the budgeted fixed overhead cost per unit for product Y?A.$14B.$12C.$llD.$15正确答案：D解析： Total direct labour hours:Primary (6,000 x36 v 60)十(7,500 x48v 60)= 9,600Finishing (6,000 x 25 n 60) + (7,500 x

7、35 n 60) =6,875Absorption rates:Primary (96,000 + 9,600) =$10 per hourFinishing (82,500 + 6,875)=$12 per hourFixed cost per unit (Y): (48 + 60) x 10 + (35 + 60) x 12 = $154、The management accountant of Gympie Limited has already allocated and apportioned the fixed overheads for the period although s

8、he has yet to reapportion the service centre costs.Information for the period is as follows: Production departments12Allocated and Apportioned $17,500$65,000Work done by:Stores60%30%Maintenance75%20%Service departmentsTotalStoresMaintenance$32,750$6,300$8,450-10%5%-What are the total overheads inclu

9、ded in production department 1 if the reciprocal method is used to reapportion service centre costs?A.$28,453B.$28,171C.$27,618D.$28,398正确答案：D解析：s = 6,300 + 0.05MM = 8,450+ 0.10Sthen, S = $6,756, M = $9,126For production department 1, the total overheads are=17,500 + 6,756 x 60% + 9,126 x 75%=$28,39

10、85、Factory overheads can be absorbed by which of the following methods?(i) Direct labour hours(ii) Machine hours(iii) As a percentage of prime cost(iv) $x per unitAi) and (ii) onlyB.(ii), (iii) and (iv) onlyC. (i),(ii)z(iii)and(iv)D.(i), (ii) and (iii) only正确答案：C解析： All of the overhead absorption me

11、thods are suitable, depending on the circumstances.Method 1, direct labour hours, is suitable in a labour-intensive environment.Method 2, machine hours, is suitable in a machine-intensive environment.Method 3, a percentage of prime costs, can be used if it is difficult to obtain the necessary inform

12、ation to use a time-based method.Method 4, a rate per unit, is suitable if all cost units are identical.6、Which of the following statements about predetermined overhead absorption rates are true?(i) Using a predetermined absorption rate avoids fluctuations in unit costs caused by abnormally high or

13、low overhead expenditure or activity levels(ii) Using a predetermined absorption rate offers the administrative convenience of being ableto record full production costs sooner(iii) Using a predetermined absorption rate avoids problems of under/over absorption of overheads because a constant overhead

14、 rate is availableA.(i) and (iii) only8 .(ii) and (iii) onlyC.AII of themD.(i) and (ii) only正确答案：D解析： Statement (i) is correct because a constant unit absorption rate is used throughout the period.Statement (ii) is correct because actual overhead costs, based on actual overhead expenditure and actua

15、l activity for the period, cannot be determined until after the end of the period.Statement (iii) is incorrect because under/over absorption of overheads is caused by the use of predetermined overhead absorption rates.7、Budgeted information relating to two departments in a company for the next perio

16、d is as follows.ProductionMachine Department overhead hours $127,00045,000218,000300Directmaterial cost$67,50036,000DirectDirectlabour cost$13,500100,000labour hours2,70025,000Individual direct labour employees within each department earn differing rates of pay, according to their skills,grade and e

17、xperience. What is the most appropriate production overhead absorption rate for department 1?A.40% of direct material cost.$10 per direct labour hourC.$0.60 per machine hourD.200% of direct labour cost正确答案：C由军析：Department 1 appears to undertake primarily machine-based work, therefore amachine-hour r

18、ate would be most appropriate.$27,000/45,000= $0.60 per machine hour8、Budgeted information relating to two departments in a company for the next period is as follows.ProductionDirectDirectDirectMachineDepartment overheadmaterial cost labour cost labour hourshours$ $ $127,00067,50013,5002,70045,00021

19、8,00036,000100,00025,000300Individual direct labour employees within each department earn differing rates of pay, according to their skills,grade and experience. What is the most appropriate production overhead absorption rate for department 2?A.18% of direct labour cost.$60 per machine hourC.50% of

20、 direct material costD.$0.72 per direct labour hour正确答案：D解析：Department 2 appears to be labour-intensive therefore a direct labour-hour rate would be most appropriate.$18,000/25,000= $0.72 per direct labour hour8 、 A company uses an overhead absorption rate of $3.50 per machine hour, based on 32,000

21、budgeted machine hours for the period. During the same period the actual total overhead expenditure amounted to $108,875 and 30,000 machine hours were recorded on actual production.By how much was the total overhead under or over absorbed for the period?A.Over absorbed by $3,875B.Under absorbed by $

22、7,000C.Over absorbed by $7,000D.Under absorbed by $3,875正确答案：D解析：D、$Actual overhead108,875Absorbed overhead (30,000 * 3.50)105,000Under absorption3,87510 A company has over absorbed fixed production overheads for the period by $6,000. The fixed production overhead absorption rate was $8 per unit and

23、 is based on the normal level of activity of 5,000 units. Actual production was 4,500 units.What was the actual fixed production overheads incurred for the period?A.$40,000B.$36Q00C.$42,000D.$30,000正确答案：D解析：$Over absorbed fixed production overheads (6,000)Absorbed overheads(4,500 x $8)36,000Actual o

24、verheads incurred30,00011 A management consultancy 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, what was the budgeted overhead absorption rate

25、per hour?A.$22.68B.$21.59C. $19.13D.$20.50正确答案：D解析：Actual overheads$694,075Under-recoverable overheads$35,000Overheads recovered for 32,150 hours at budgeted overhead absorption rate:$659,075Then budgeted overhead absorption rate=659,075/32,150=$20.5012、The production overhead control account for R

26、Limited at the end of the period looks like this.PRODUCTION OVERHEAD CONTROL ACCOUNTStores controlWages control Expense creditorsStores controlWages control Expense creditors22,800Work in progress180,400Profit and loss210,000413,200$404,8008,400413,200Which of the following statements are correct?(i

27、) Indirect material issued from inventory was $22,800(ii) Overhead absorbed during the period was $210,000(iii) Overhead for the period was over absorbed by $8,400(iv) Indirect wages costs incurred were $180,400A.(i), (ii) and (iii) B.AII of them C. (i), (iii) and (iv) D. (i) and (iv) 正确答案：D 解析: Sta

28、tement (i) is correct. The cost of indirect material issued is collected in the overhead control account pending absorption into work in progress.Statement (ii) is incorrect. The overhead cost incurred was $210,000. The overhead absorbed into work in progress during the period was $404,800.Statement

29、 (iii) is incorrect. The $8,400 is debited to the statement of profit or loss, indicating an extra charge to compensate for the overhead under absorbed.Statement (iv) is correct. The indirect wage cost is collected in the overhead control account and absorpted into work in progress.13、A company had

30、the following budgeted and actual production overhead costs in its two production cost centres, machining and assembly:MachiningAssemblyBudget $210,000 $136,000Actual$212,000$134,000Which of the following statements is true?A.Machining overheads were under-absorbed and Assembly overheads were over-a

31、bsorbed B.Machining overheads were over-absorbed and Assembly overheads were over-absorbed C.From the data available it is not possible to determine overhead over-/under-absorption D.Machining overheads were over-absorbed and Assembly overheads were under-absorbed正确答案：C 解析: Data relating to the budg

32、eted and actual activity levels (machine hours or direct labour hours) is required to determine the overhead over-/under-absorption.14、The process of cost apportionment is carried out so that:A mon costs are shared among cost centresB.a costs may be controlledC.cost units gather overheads as they pa

33、ss through cost centresD.whole items of cost can be charged to cost centres正确答案：ABudgetBudgetActual9,000 units$3 $432,000 8,000 units15、A company has the following actual and budget data for Year 4.Production8,000unitsVariable productionoverhead per unit$3Fixed production overheads$360,000Sales6,000

34、unitsOverheads are absorbed using a rate per unit, based on budgeted output and expenditure.What was the fixed production overhead absorbed amount during year 4?A.$459,000B.$384,000C.$432,000D.$405,000正确答案：D由军析：Budgeted absorption rate for fixed overhead = $360,000/8,000= $45 per unitFixed overhead absorbed = 9,000 units x $45= $405,000