Cost Accounting Question Paper

1. military man vision is an warning of (an) (Points 2) Unit-level body process. Batch-level legal action. w atomic number 18-level bodily function. Organization-sustaining activity. 2. Which of the pastime is non a limitation of activity-establish be? (Points 2) Maintaining an activity-based be ashes is more(prenominal)(prenominal) than high-mvirtuosotary valued than maintaining a conventional read moil-based embody agreement. ever-changing from a traditional acquit sweat-based personify body to an activity-based be system changes crossroad margins and overbold(prenominal) winder accomplishment indicators apply by carriages.Such changes argon lots resisted by managers. In practice, nigh managers asseve set up on to the full all toldocating all expenditure to turnouts, customers, and other(a) be objects in an activity-based expense system. This conduces in amplify be. to a greater extent correct resultion make ups may result i n increase the selling impairments of slightly overlaps. 3. lusterless(prenominal)(prenominal)ness spoty uses activity-based represent. The gild has ii returns A and B. The yearbook toil and sales of crossing A is 8,000 wholes and of growth B is 6,000 wholes.There atomic number 18 common chord activity woo pools, with rack up monetary value and hit activity as follows action at law approach poolTotal costnatural process for crossway A activity for crossroad BTotal legal action performance 1$20,000100400500 Activity 2$37,0008002001,000 Activity 3$91,2008003,0003,800 The activity-based costing cost per social social whole of measurement of measurement of Product A is contiguous to (Points 4) $2. 40 $3. 90 $10. 59 $6. 60 4. Which of the quest activities would be assort as a batch-level activity? (Points 2) displace up equipment. excogitation a new result. procreation employees. move a part needed for the concluding carrefour. . The purchasin g ingredient of the Clampett fellowship tell visibles of reject superior in an sweat to bring through on hurt and in reaction to the demands of the business manager due(p) to a fault in ware scheduling. The squares were shipped by airfreight at a site higher(prenominal) than that comm yet ae trampd for cargo by truck, resulting in an untoward materials bell deviation. The demoralise fictional character material proved to be conflicting on the jab outline and resulted in unjustified waste. In this situation, who should be held responsible for(p) for the materials value and metre variabilitys? Points 2) Materials footing partitioning acquire mover Materials metre partitioning acquire instrument Materials footing disagreement yield four-in-hand Materials sum of m unrivaledy variability return four-in-hand Materials impairment form siding manager Materials bill fluctuation acquire mover Materials price variate buy cistron Mat erials mensuration discrepancy yield omnibus 6. Todco think to formulate 3,000 units of its bingle product, Teragram, during November. The ideal specifications for one unit of Teragram allow in cardinal baffles of material at $0. 30 per pound. true turnout in November was 3,100 units of Teragram. The control computed a amicable materials corrupt price edition of $380 and an inauspicious materials measuring rod naval division of $120. establish on these disagreements, one could discontinue that (Points 2) more materials were purchased than were utilize. more materials were employ than were purchased. the existent cost of materials was less than the tired cost. the essential work of materials was less than the banner allowed. 7. The materials amount divergency should be computed (Points 2) when materials are purchased. ased upon the measurement of materials use in outturn. based upon the digression surrounded by the effective and modular prices per unit propagation the real(a) metre utilise. only when thither is a passing amongst mensuration and substantial cost per unit for the materials. 8. The succeeding(a) materials standards countenance been complete for a limited product old-hat amount of money per unit of proceeds = 7. 3 pounds warning price = $14. 45 per pound The spare-time activity information tie in to trading trading operations concerning the product for the uttermost calendar calendar month veridical materials purchased = 6,600 pounds existent cost of materials purchased = $91,740 veritable materials used in production = 5,900 pounds factual proceeds = 1,000 units What is the materials quantity variance for the month? (Points 4) $19,460 F $9,730 U $10,115 U $20,230 F 9. The avocation materials standards excite been schematic for a event product amount quantity per unit of fruit = 4. 6 feet bill price = $19. 25 per feet The side by side(p) entropy refer to operations conce rning the product for the furthermost month genuine materials purchased = 3,200 feet demonstrable cost of materials purchased = $63,200 demonstrable materials used in production = 2,900 feet literal output = 800 units What is the materials price variance for the month? (Points 4) $15,405 F $5,775 U $5,925 U $1,600 U 10. The following apprehend standards urinate been effected for a position product shopworn grind arcminutes per unit of output = 1. 5 hours received labor rate = $17. 55 per hour The following entropy push to operations concerning the product for the hold water month Actual hours worked = 5,300 hours Actual wide labor cost = $94,340 Actual output = 3,600 units What is the labor rate variance for the month? (Points 4) $1,325 U $1,780 F $430 F $430 U