管理会计F2选择题试题库

1、. 管理会计F2选择题题库-2016单项选择题The sales manager has prepared a manpower plan to ensure that sales quotas for the forthing year are achieved. This is an e*ample of what type of planning BA Strategic planning B Tactical planningC Operational planning D Corporate planning2Which of the following statements is

2、correct B A Management accounting systems provide information for use in fulfilling legal requirementsB Management accounting systems provide information for the use of decision-makers within an organisationC Management accounting systems provide information for use by shareholdersD Management accou

3、nting systems provide information for use by ta* authorities3 Which of the following would be data rather than information BA Sales increase/decrease per product in last quarterB Total sales value per productC Sales made per salesman as a percentage of total salesD Sales staff mission as a percentag

4、e of total sales4Which of the following would be classed as indirect labour B A Assembly workers in a pany manufacturing televisionsB A stores assistant in a factory storeC Plasterers in a construction panyD A consultant in a firm of management consultants5 A pany makes chairs and tables. Which of t

5、he following items would be treated as an indirect cost D A Wood used to make a chair B Metal used for the legs of a chairC Fabric to cover the seat of a chair D The salary of the sales director of the pany6Which of the following best describes a controllable cost C A A cost which arises from a deci

6、sion already taken, which cannot, in the short run, be changed.B A cost for which the behaviour pattern can be easily analysed to facilitate valid budgetary control parisons.C A cost which can be influenced by its budget holder.D A specific cost of an activity or business which would be avoided if t

7、he activity or business did not e*ist.7 Which of the following best describes a period cost A A cost that relates to a time period which is deducted as e*penses for the period and is notincluded in the inventory valuation.B A cost that can be easily allocated to a particular period, without the need

8、 for arbitraryapportionment between periods.C A cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an e*pense for the period when the inventory is actually sold.D A cost that is incurred regularly every period, eg every m

9、onth or quarter.8Fi*ed costs are conventionally deemed to be which of the following D A Constant per unit of output B Outside the control of managementC Easily controlled D Constant in total when production volume changes9Which one of the above graphs illustrates the costs described A linear variabl

10、e cost when the vertical a*is represents cost incurred. B A Graph 1 B Graph 2 C Graph 4 D Graph 5Which one of the above graphs illustrates the costs described A fi*ed cost when the vertical a*is represents cost incurred. A A Graph 1 B Graph 2 C Graph 3 D Graph 6Which one of the above graphs illustra

11、tes the costs described A linear variable cost when the vertical a*is represents cost per unit. A A Graph 1 B Graph 2 C Graph 3 D Graph 6Which one of the above graphs illustrates the costs described A semi-variable cost when the vertical a*is represents cost incurred. C A Graph 1 B Graph 2 C Graph 4

12、 D Graph 5 Which one of the above graphs illustrates the costs described A step fi*ed cost when the vertical a*is represents cost incurred. A A Graph 3 B Graph 4 C Graph 5 D Graph 610A production worker is paid a salary of $650 per month, plus an e*tra 5 cents for each unit produced during the month

13、. How is this type of labour cost best described D A A variable cost B A fi*ed cost C A step cost D A semi-variable cost11A total cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term.What type of

14、cost is this D A A fi*ed cost B A variable cost C A semi-variable cost D A stepped fi*ed cost12What is the economic batch quantity used to establish Optimal C A reorder quantity B recorder levelC order quantity D inventory level for production13A pany determines its order quantity for a raw material

15、 by using the Economic Order Quantity (EOQ) model. What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material D EOQ Total annual holding costA Higher LowerB Higher HigherC Lower HigherD Lower Lower14Over-absorbed overheads occ

16、ur when A A Absorbed overheads e*ceed actual overheadsB Absorbed overheads e*ceed budgeted overheadsC Actual overheads e*ceed absorbed overheadsD Actual overheads e*ceed budgeted overheads15Budgeted overheads $690,480 Budgeted machine hours 15,344Actual machine hours 14,128 Actual overheads $679,550

17、Based on the data above, what is the machine hour absorption rate (to the nearest $) B A 44 per machine hour B 45 per machine hourC 48 per machine hour D 49 per machine hour16. Absorption costing is concerned with which of the following D A Direct materials B Direct labour C Fi*ed costs D Variable a

18、nd fi*ed costs17. The following statements have been made about life cycle costing.(1) Life cycle costing can be applied to products with a short life cycle.(2) Product life cycle costing is not well-suited for use within budgetary control systems.Which of the above statements is/are true D A 1 only

19、 B 2 only C Neither 1 nor 2 D Both 1 and 218 . The following statements have been made about target costing.(1) Target costing makes the business look at what petitors are offering at an early stage in the new product development process.(2) Cost control is emphasised at the new product design stage

20、 so any engineering changes must happen before production starts.Which of the above statements is/are true D A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 219. The following statements have been made about target costing.(1) Target costing is inappropriate for a new product that has no e*isting ma

21、rket.(2) It may be acceptable for a target cost for a new product to be e*ceeded during the growth stage of its life cycle.Which of the above statements is/are true B A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 220. The following statements have been made about throughput accounting.(1) When thr

22、oughput accounting (TA) is used, the aim should be to have sufficient inventories to overe bottlenecks in production.(2) Throughput accounting is based on the assumption that in the short run, most factory costs, other than materials, are fi*ed.Which of the above statements is/are true B A 1 only B

23、2 onlyC Neither 1 nor 2 D Both 1 and 221. The following statements have been made about activity based costing.;(1) Implementation of ABC is unlikely to be cost-effective when variable production costs are a low proportion of total production costs.(2) In a system of ABC, for costs that vary with pr

24、oduction levels, the most suitable cost driver is likely to be direct labour hours or machine hours. Which of the above statements is/are true ( B )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 222. In the theory of constraints and throughput accounting, which of the following methods may be used

25、to elevate the performance of a binding constraint ( C )(1) Acquire more of the resource that is the binding constraint.(2) Improve the efficiency of usage of the resource that is the binding constraint.A 1 only B 2 onlyC 1 and 2 D Neither 1 nor 223. The following statements have been made about lif

26、e cycle costing.(1) Life cycle costing is more useful for planning than for control purposes.(2) Most of the life cycle costs for a product are determined by decisions taken in the early stage of a products life cycle.Which of the above statements is/are true ( D )A 1 only B 2 onlyC Neither 1 nor 2

27、D Both 1 and 224. The following statements have been made about activity based costing.(1) Activity based costs are not the same as relevant costs for the purpose of short-run decision-making.(2) Activity based costing is a form of absorption costing.Which of the above statements is/are true ( D )A

28、1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 225. The following statements have been made about activity based costing.(1) In a system of ABC, apportionment of some overhead costs may need to be done on an arbitrary basis.(2) The costs of introducing and maintaining an activity based costing system

29、 may e*ceed the benefits of such a costing system.Which of the above statements is/are true ( D ) A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 226. The following statements have been made about target costing.(1) Target costing ensures that new product development costs are recovered in the targe

30、t price for the product.(2) A cost gap is the difference between the target price and the target cost.Which of the above statements is/are true ( C ) A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 227. In which of the following ways might financial returns be improved over the life cycle of a produ

31、ct ( C )( 1) Ma*imising the breakeven time.(2) Minimising the time to market.(3) Minimising the length of the life cycle.A 1 and 2 only B 1 and 3 only C 2 only D 2 and 3 only28. The following statements have been made about target costing.(1) Target costing is not well-suited for services that have

32、a large fi*ed cost base.(2) Costs may be reduced in target costing by removing product features that do not add value.Which of the above statements is/are true ( D )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 229. The following statements have been made about activity based costing.(1) Activity

33、based costs are not the same as relevant costs for the purpose of short-run decision-making(2) Activity based costing is a form of absorption costing Which of the above statements is/are true ( D )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 230. The following statements have been made about targ

34、et costing.(1) A target cost gap is the difference between the target cost for a product and its projected cost.(2) Products should not be manufactured if there is a target cost gap. Which of the above statements is/are true (A )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 231. The following stat

35、ements have been made about throughput accounting.(1) Inventory has no value and should be valued at $0.(2) Efficiency is ma*imised by utilising direct labour time and machine time to full capacity.Which of the above statements is/are true (C )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 232. The

36、 following statements have been made about activity based costing.(1) In the short run, all the overhead costs for an activity vary with the amount of the cost driver for the activity.(2) A cost driver is an activity based cost. Which of the above statements is/are true (C )A 1 only B 2 onlyC Neithe

37、r 1 nor 2 D Both 1 and 233. The following statements have been made about target costing.(1) The value of target costing depends on having reliable estimates of sales demand.(2) Target costing may be applied to services that are provided free of charge to customers, such as costs of call centre hand

38、ling. Which of the above statements is/are true (A )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 234. The following statements have been made about life cycle costing.(1) An important use of life cycle costing is to decide whether to go ahead with the development of a new product.(2) Life cycle c

39、osting encourages management to find a suitable balance between investment costs and operating e*penses. Which of the above statements is/are true (D )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 235. The following statements have been made about traditional absorption costing and activity based

40、costing.(1) Traditional absorption costing may be used to set prices for products, but activity based costing may not.(2) Traditional absorption costing tends to allocate too many overhead costs to low-volume products and not enough overheads to high-volume products.Which of the above statements is/

41、are true (C )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 236. For which one of the following reasons would the choice of penetration pricing be unsuitable for a product during the initial stage of its life cycle (B )A To discourage new entrants to the marketB To increase the length of the initia

42、l stage of the life cycleC To achieve economies of scaleD To set a price for a product that has a high price elasticity of demand 37. The following statements have been made about the use of e*pected values for decision-making under conditions of uncertainty.(1) E*pected values are used to support a

43、 risk-averse attitude to decision-making.(2) E*pected values are more valuable as a guide to decision-making where they refer to outes which will occur many times over. Which of the above statements is/are true ( B )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 238. Which of the following statemen

44、ts about relevant costing is/are correct ( C )(1) An opportunity cost is defined as the relevant cost of taking a business opportunity.(2) Business decisions should be taken on the basis of whether they improve profit or reduce costs.A 1 only is correct B 2 only is correctC Neither 1 nor 2 is correc

45、t D Both 1 and 2 are correct39. In which one of the following circumstances would the choice of a market skimming pricing policy be unsuitable for a product during the initial stage of its life cycle ( C )A The product is protected by a patentB E*pected demand and the price sensitivity of customers

46、for the new product are unknownC When the product is e*pected to have a long life cycleD To ma*imise short-term profitability40. The following statements have been made about relevant costing.(1) Sunk costs can never be a relevant cost for the purpose of decision-making.(2) If a pany charges the min

47、imum price for a product or service, based on relevant costs, it will not improve its overall profitability.Which of the above statements is/are true ( D )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 241. The following statements have been made about full cost plus pricing.(1) Charging prices at

48、full cost plus a fi*ed margin for profit will ensure that the business will make a profit in each period.(2) Full cost plus pricing can lead to under- and over-pricing of productsWhich of the above statements is/are true ( B )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 242. A pany wishes to deci

49、de on a selling price for a new product, and wants to choose the price that will provide the most satisfactory weekly total contribution. Weekly sales of each product will depend on the price charge and also on customers response to the new product. The following pay-off table has been prepared ( C

50、)A P1 B P2 C P3 D P443. The constraints in a linear programming problem are as follows:3* + 4.8y 120,000 (Grade A labour hours)5* + 4y 160,000 (Grade B labour hours)* 30,000 (Sales demand product *)y 20,000 (Sales demand Product Y)*, y 0The objective function is to ma*imise total contribution: 20* +

51、 30y. A graph of the constraints is as followsWhere is the optimal solution to the linear programming problem CA Point A B Point B C Point C D Point D44. A decision tree is a way of representing decision choices in the form of a diagram. It is usual for decision trees to include probabilities of dif

52、ferent outes.The following statements have been made about decision trees.(1) Each possible oute from a decision is given an e*pected value.(2) Each possible oute is shown as a branch on a decision tree.Which of the above statements is/are true ( B )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 24

53、5.The following statements have been made about cost plus pricing.(1) A price in e*cess of full cost per unit will ensure that a pany will cover all its costs and make a profit.(2) Cost plus pricing is an appropriate pricing strategy when jobs are carried out to customer specifications.Which of the

54、above statements is/are true ( B )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 246. The following statements have been made about solving linear programming problems for budgeting purposes.(1) Slack occurs when less than the ma*imum available of a limited resource is required.(2) When the linear

55、programming problem includes a constraint for minimum sales demand for a product, there may be a surplus for sales demand in the optimal solution.Which of the above statements is/are true ( D )A 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 247. The following statements have been made about decision

56、-making under conditions of uncertainty.(1) E*pected value is a more reliable basis for decision-making where the situation and oute will occur many times than for a one-off decision.(2) A risk-averse decision maker avoids all risks in decision-making.Which of the above statements is/are true ( A )A

57、 1 only B 2 onlyC Neither 1 nor 2 D Both 1 and 248. Which method of pricing is most easily applied when two or more markets for the product or service can be kept entirely separate from each other ( A )A Price discrimination B Product line pricingC Skimming D Volume discounting50. Which of the follo

58、wing statements about decision trees is/are correct ( B )(1) A decision tree can be used to identify the preferred decision choice using the minima* regret decision rule.(2) A decision tree is likely to present a simplified representation of reality.A 1 only is correct B 2 only is correctC Neither 1

59、 nor 2 is correct D Both 1 and 2 are correct51. A pany makes and sells four products. Direct labour hours are a scarce resource, but the pany is able to sub-contract production of any products to e*ternal suppliers. The following information is relevant A A W, Y, * then Z B W, Z, * then YC *, Z, W t

60、hen Y D Z, *, Y then W52. A benefit sacrificed by taking one course of action instead of the most profitable alternative course of action is known as: A A An incremental cost B An opportunity costC A relevant cost D A sunk cost53. The following decision tree shows four decision options: 1, 2, 3 and