第五章测试1.JC Co operates a bottling plant. The liquid content of a filled bottle of product T is 2 litres. During the filling process there is a 30% loss of liquid input due to spillage and evaporation. The standard price of the liquid is $1.20 per litre. The standard cost of the liquid per bottle of product T, to the nearest cent, is: ( )
A:$3.12
B:$2.86
C:$2.40
D:$3.43
答案:D
2.What is an attainable standard? ( )
A:A standard which includes no allowance for losses, waste and inefficiencies. It represents the level of performance which is attainable under perfect operating conditions.
B:A standard which is based on currently attainable operating conditions.
C:A standard which is kept unchanged, to show the trend in costs.
D:A standard which includes some allowance for losses, waste and inefficiencies. It represents the level of performance which is attainable under efficient operatingconditions.
3.The B Co uses a standard absorption costing system and produces one product, the Blob. The following information is available for September.
Standard cost per Blob $31
Budgeted sales (units) 7,100
Actual sales (units) 6,600
Sales price variance $1,250 (A)
Sales volume variance $4,500 (A)
Calculate the sales revenue for September . ( )
A:$265,250
B:$262,750
C:$252,250
D:$256,750
4.
Extracts from H Co’s records for June are as follows.
What is the total direct labour cost variance?
A:$1,920 (A)
A standard marginal costing system:
(i) Calculates fixed overhead variances using the budgeted absorption rate per unit
(ii) Calculates sales volume variances using the standard contribution per unit
(iii) Values finished goods stock at the standard variable cost of production
Which of the above statements is/are correct?( )
A:(i) and (ii) only
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