MA 試験問題を無料オンラインアクセス

Consider the following uses of budgets in planning:
(i)Toascertain the resources needed to achieve corporate objectives, given a specific level of activity;
(ii)Toprepare contingency budgets, based on varying levels of activity.
Which type of budget (fixed or flexible) is most appropriate for these uses?

• A.Fixed = (i) only, Flexible = (ii) only
• B.Fixed = (i) and (ii), Flexible = neither (i) nor (ii)
• C.Fixed = (ii) only, Flexible = (i) only
• D.Fixed = neither (i) nor (ii), Flexible = (i) and (ii)

Which of the following statements about accounting concepts and the characteristics of financial information is correct?

• A.It may sometimes be necessary to exclude information that is relevant and reliable from financial statements because it is too difficult for some users to understand.
• B.The historical cost concept means that only items capable of being measured in monetary terms can berecognizedin financial statements.
• C.The concept of substance over form means that the legal interpretation of a transaction must be reflected in financial statements, regardless of the economic substance.
• D.A specific disclosure requirement of an IAS does not need to be satisfied if the information is immaterial.

PAQ Plc makes three products in a period.
Quantity (units)Laborhoursper unit Product P1,0004 Product A2,0006 Product Q3,0003 Total6,000
Overheads for the period are $30,000 and they are absorbed on the basis oflaborhours. What is the fixed overhead cost absorbed by a unit of Product A?

• A.$1.20
• B.$5.00
• C.$30.00
• D.$7.20

At the beginning of March 2012, INS Plc has an opening balance of $60,000 on its receivables ledger. Sales of $160,000 have been budgeted for March and it is budgeted that 60% of these will be settled in March after a cash discount of 2.5%.
If 23% of the opening receivables are still outstanding at the end of March, what will be the budgeted receivables figure at that date?

• A.$77,800
• B.$80,200
• C.$110,200
• D.$76,200

Hyginus Co depreciates plant at a rate of 25% per annum on the reducing balance basis. On 1 November 2011 a new machine was acquired. The invoice included the following items:
Machine$105,000 Installation$25,000 Testing$5,000 Maintenance for 12 months to 31 October 2012$6,000
What total charge should be made against profit for the year to 31 October 2012 in respect of the machine?

• A.$33,750
• B.$39,750
• C.$62,250
• D.$35,250