2022-2023年ACCA英国注册会计师考试模拟试题含答案（300题）套卷89

2022-2023年ACCA英国注册会计师考试模拟试题含答案（300题）1. 材料题 State three problems which may arise from the change in capacity level. 考点 考点：Chapter10Budgetingandstandardcosting解析 Three problems which may arise from the change in capacity level are as follows. (i) There is likely to be a requirement for additional cash for working capital, for example inventory levels and debtors will probably increase. This additional cash may not be available. (ii) It will probably be necessary to recruit more direct labour. The activities involved in advertising, interviewing and training may lead to increased costs. (iii) It may be necessary to reduce the selling price to sell the increased volume. This could have an adverse effect on profits.2. 论述题 The following data have been extracted from the budget working papers of WR Co:  Activity (machine hours)                                      Overhead cost                                                                                                                                  $                     10,000                                                                 13,468             12,000                                                                 14,162             16,000                                                                 15,549             18,000                                                                 16,242  In November 20X3, the actual activity was 13,780 machine hours and the actual overhead cost incurred was $14,521. Give your answer to the nearest $10.  Calculate the total overhead expenditure variance for November 20X3.   $_ Favourable/Adverse (select the correct option)  考点 Chapter11Varianceanalysis解析 The correct answer is: $260 Favourable. The overhead cost given, includes both fixed and variable costs. Fixed and variable budgeted overhead costs can be separated using the high/low method.                                               Hours                           $ High                                   18,000                      16,242 Low                                    10,000                      13,468                                                8,000                         2,774 The variable cost per machine hour can be estimated as $2,774 / 8,000= $0.34675 The fixed cost is $10,000, being the difference between variable overheads of 10,000 × 0.34675 and total cost of $13,468.  The total overhead variance for November is: Fixed overhead + Variable overhead for quality achieved - Total actual overhead cost incurred. Budgeted cost ($10,000 + 13,780 × $0.34675)Total actual overhead cost incurred                $            14,778            14,521                  257                    (F)3. 单选题 Which of the following differences between share capital and debentures is correct? A  Dividend payments on shares is tax-deductible, interest payments on debentures is not tax-deductible B  Interest payments on debentures is mandatory, dividend payments on shares is discretionary C  In the event of liquidation, shareholders are paid their investment back before the debentureholders考点 Chapter16Loancapital解析 Interest on debentures must be paid and is tax-deductible. Dividends are only paid if the directors declare them and payment is not tax-deductible. In the event of liquidation, debentureholders have their investment repaid before anything is returned to the shareholders.4. 单选题 An accountant has to check a sample of invoices. The invoices are divided into three groups, by value as follows:"under £100、'£100 - £500' and 'over £500'. Samples are then selected randomly from each group.Which ONE of the following sampling methods is involved?A ClusterB Multi-stageC QuotaD Stratified考点 Chapter2Sourcesofdata解析 Accountant first stratifies the invoices according to value and then selects randomly. Sampling method is stratified.5. 单选题 The closing inventory of X amounted to $116,400 excluding the following two inventory lines: 1 400 items which had cost $4 each. All were sold after the reporting period for $3 each, with selling expenses of $200 for the batch. 2 200 different items which had cost $30 each. These items were found to be defective at the end of the reporting period. Rectification work after the statement of financial position amounted to $1,200, after which they were sold for $35 each, with selling expenses totalling $300. Which of the following total figures should appear in the statement of financial position of X for inventory? A $122,300B $121,900C  $122,900D $123,300考点 Chapter7Inventory解析 Line 1： (400 x $3) - $200                   $116，400 Line 2： (200 x $35) - $300 - $1,200   $1,000                                                              $5,5000                                                             $122,9006. 单选题 Which of the following statements about the valuation of inventory are correct, according to IAS 2 Inventories? 1 Inventory items are normally to be valued at the higher of cost and net realisable value. 2 The cost of goods manufactured by an entity will include materials and labour only. Overhead costs cannot be included. 3 LIFO (last in, first out) cannot be used to value inventory. 4 Selling price less estimated profit margin may be used to arrive at cost if this gives a reasonable approximation to actual cost. A 1, 3 and 4 onlyB 1 and 2 onlyC 3 and 4 onlyD None of the statements are correct考点 Chapter7Inventory解析 Statement 1) inventory should be valued at the lower of cost and NRV not the higherStatement 2) production overheads based on a normal level of production should be included 7. 单选题 The following statements refer to qualities of good information: (i) It should be communicated to the right person. (ii) It should always be completely accurate before it is used. (iii) It should be understandable by the recipient. Which of the above statements are correct? A (i) and (ii) onlyB (i) and (iii) onlyC (ii) and (iii) onlyD (i), (ii) and (iii)考点 Chapter2Sourcesofdata解析 The information should be sufficiently accurate given time and cost constraints. Managers should be made aware of the degree of accuracy of the information.8. 单选题 Which of the following statements regarding payment for shares is correct? A  Public company shares must always be paid for in cash B  At the time of allotment, a public company must receive payment of at least 50% of the nominal value of the shares C  A private company may allot shares for inadequate consideration by accepting goods or services at an over-value D  A private company must have non-cash consideration independently valued before accepting it as payment for shares 考点 Chapter15Sharecapital解析 A private company may accept goods or services for payment at an over-value. No independent valuation is required. A public company may issue shares for non-cash consideration and at least 25% of the nominal value of the shares must be paid up on allotment.9. 材料题 材料全屏  Earl has been employed by Flash Ltd for the past 20 years. During that time, he has also invested in the company in the form of shares and debentures. Earl owns 5,000 ordinary shares in Flash Ltd. The shares are of £1 nominal value and are fully paid-up. The debentures, to the value of £5,000, are secured by a fixed charge against the land on which Flash Ltd's factory is built.  In April it was announced that Flash Ltd was going into immediate insolvent liquidation, owing considerable amounts of money to trade creditors. As a result of the suddenness of the decision to liquidate the company, none of the employees received their last month's wages. In Earl's case this amounted to £2,000.  35 【论述题】  State whether Earl has any right to his unpaid wages  考点 考点：Chapter21Insolvencyandadministration解析  Earl will become a preferential creditor in respect of his unpaid wages and as such he will only have a claim to have the debt paid to him after the secured creditors have been repaid in full.  10. 单选题 The following, with one exception, are potential problems for time management. Which is the exception?A An open door policy of managementB A sociable work groupC An assertive style of communication考点 Chapter18Personaleffectivenessandcommunication解析 Rationale: An assertive style of communication will help in time management, because it enablesyou to say 'no' (appropriately) to interruptions and unscheduled demands. The other options are problems: options A and B are invitations to waste time in non-essential communication. 11. 材料题 材料全屏 A company produces and sells one product only, the Thing, the standard cost for one unit being as follows.                                                                                                     $  Direct material A 10 kilograms at $20 per kg            200 Direct material B 5 litres at $6 per litre                         30  Direct wages 5 hours at $6 per hour                            30  Fixed production overhead                                                 50  Total standard cost                                                             310  The fixed overhead included in the standard cost is based on an expected monthly output of 900 units. Fixed production overhead is absorbed on the basis of direct labour hours.  During April the actual results were as follows.  Production                                                                               800 units  Material A                                                                                 7,800 kg used, costing $159,900  Material B                                                                                4,300 litres used, costing $23,650  Direct wages                                                                          4,200 hours worked for $24,150  Fixed production overhead                                                  $47,000  29 【论述题】  Calculate price and usage variances for each material.  考点 考点：Chapter11Varianceanalysis解析  Price variance Material A Take the actual quantity of materials purchased/used and compare the actual prices paid for the materials with their standard price.                                                                                                            $ 7,800 kg should have cost (× $20)                                     156,000             but did cost                                                                   159,900 Price variance (actual cost exceeds standard cost)            3,900 (A) Usage variance Material A  Take the actual quantity of units produced and compare the actual quantity of materials used in their production with the standard quantity that should have been used. The variance is converted into a monetary value at the standard price per unit of material. 800 units should have used (× 10 kg)                                      8,000 kg           but did use                                                                             7,800 kg Usage variance in kg (actual usage less than standard)         200 (F) × standard cost per kilogram                                                      × $20 Usage variance in $                                                                     $4,000 (F)  Price variance Material B                                                                                                                   $ 4,300 litres should have cost (× $6)                                             25,800             but did cost                                                                             23,650 Price variance                                                                                      2,150 (F) Usage variance Material B                                                                                                                 $ 800 units should have used (× 5 l)                                           4,000 l           but did use                                                                            4,300 l Usage variance in litres                                                                  300 (A) × standard cost per litre                                                                 × $6 Usage variance in $                                                                    $1,800 (A)12. 材料题 Explain the liability of the partners for the contract to buy the bicycles 考点 考点：Chapter11Partnerships解析 Tam entered into a contract to buy bicycles in the name of the partnership. The partnership agreement specifies that the partnership should only sell petrol, so Tam does not have authority to undertake this contract. However, the third party is not privy to the partnership agreement so is not aware that the contract is beyond the scope of the partnership. Tam has apparent authority to undertake the contract on behalf of the other partners who are liable on the contract.  13. 单选题 A machine has an investment cost of $60,000 at time 0. The present values (at time 0) of the expected net cash inflows from the machine over its useful life are： Discount rate             Present value of cash inflows 10%                                        $64,600 15%                                        $58,200 20%                                       $52,100 What is the internal rate of return (IRR) of the machine investment? A Below 10%B Between 10% and 15%C Between 15% and 20%D Over 20%考点 Chapter19Methodsofprojectappraisal解析                                                                               $Investment                                                         (60,000)PV of cash inflow                                                64,600NPV 10%                                                        4,600                                                                               $Investment                                                         (60,000)PV of cash inflow                                               58,200NPV 15%                                                       (1,800)The IRR of the machine investment is therefore between 10% and 15% because the NPV falls from $4,600 at 10% to -$1,800 at 15%. Therefore at some point between 10% and 15% the NPV = 0. When the NPV = 0, the internal rate of return is reached.14. 材料题 材料全屏 Mr Grob started trading in 20X3, selling one product, wheelbarrows, on credit to small retail outlets. The following budgeted information for 20X4 has been gathered:                                              January 20X4                       February 20X4                          March 20X4 Credit sales                              $12,000                               $15,000                                    $21,000 Receivables have recently been settling their debts 50% in the month following sale； and 50% two months after sale. A prompt payment discount of 3% is offered to those receivables paying within one month. The gross profit margin is expected to be 25%. Due to an anticipated continued increase in sales, Mr Grob intends to increase inventory levels in March 20X4 by $2,000, and it is intended that the payables balance is increased by $3,000 to ease cash flow in the same month. 72 【简答题】 Calculate the budgeted cash that will received in March 20X4. 考点 考点：Chapter15Budgeting解析 Cash received in March = $15,000 x 0.5 x 0.97 + $12,000 x 0.5 = $13,27515. 单选题 The absence of certain job features will reduce employee satisfaction. However, their presence will not result in positive motivation What term relating to motivation does this refer to? A Maslow's primary needsB Herzberg hygiene factorsC McGregor Theory XD Herzberg theory of job design考点 Chapter15Motivatingindividualsandgroups解析 This is the definition of hygiene factors.16. 材料题 Explain any criminal offences Sid may have committed 考点 考点：Chapter22Fraudulentandcriminalbehaviour解析  Under the Criminal Justice Act 1993, Sid is an insider by virtue of his position as director in Trend plc and Umber plc. The information he holds is price-sensitive as it concerns large profits and large losses. Therefore, it would appear that he is liable under for dealing in price-affected securities. None of the defences would apply to him as he clearly expected to make a profit in one transaction and to avoid a loss in the other. 17. 单选题 VV Company has been asked to quote for a special contract. The contract requires 100 hours of labour. However, the labourers, who are each paid $15 per hour, are working at full capacity.   There is a shortage of labour in the market. The labour required to undertake this special contract would have to be taken from another contract, Z, which currently utilises 500 hours of labour and generates $5,000 worth of contribution.    If the labour was taken from contract Z, then the whole of contract Z would have to be delayed, and such delay would invoke a penalty fee of $1,000.  What is the relevant cost of the labour for the special contract?  A  $1,000 B  $1,500 C  $2,500 D  $7,500 考点 Chapter6Short-termdecisions解析 Labour is in short supply so there is an opportunity cost. The contribution from Contract Z will still be earned but will be delayed. The relevant cost is therefore the wages earned plus the penalty fee. ($15 × 100) + ($1,000) = $2,500 18. 单选题 Last year, Bryan Air carried excess baggage of 250,000 kg over a distance of 7,500 km at a cost of $3,750,000 for the extra fuel.What is the cost per kg-km?A $0.002 per kg-kmB $2.00 per kg-kmC $33.33 per kg-kmD $500.00 per kg-km考点 Chapter10Job,batchandservicecosting解析 First we calculate the total number of kg-kmKg x km takencost per kg-km250,000 kg x 7,500 km =1,875,000,000 kg-km cost per kg-km=  $3,750,000/1,875,000,000 = $0.002 per kg-km19. 材料题 Explain how the company's debts will be paid out of its liquidated assets 考点 考点：Chapter21Insolvencyandadministration解析 Company assets: Land valued at £20,000 Other assets £10,000 (£7,750 plus £2,250 raised from the shareholders) Company's liabilities: Secured loan £20,000 Business creditors £10,000 Bank overdraft £10,000 The sale of the land will be used to repay the secured loan and this will leave assets of £10,000 to pay creditors of £20,000. The business creditors and the bank will therefore receive half their money back. This would leave the business creditors and the bank owed £5,000 each.20. 单选题 What would the budgeted profit be if a marginal costing system were used?A $22,500 lowerB $10,000 lowerC $10,000 higherD $22,500 higher考点 Chapter9AbsorptionandmarginalCosting解析 Production volume exceeded sales volume, so the profit with absorption costing is higher than the profit with marginal costing.Fixed overheads in inventory = $30,000/750 = $40 per unit, therefore total fixed overhead in closing inventory (absorption costing) = 250 units x $40 = $10,000. Profit with marginal costing is therefore lower by $10,000.21. 单选题 The following statements have been made about feed-forward control budgetary systems:  (1) Feedforward control systems have an advantage over other types of control in that it establishes how effective planning was.  (2) Feedforward control occurs while an activity is in progress.  Which of the above s