2022年ACCA英国注册会计师考试点睛提分卷297

2022年ACCA英国注册会计师考试点睛提分卷1. 填空题 _ is the process of determining the costs of products, activities or services.考点 Chapter1Costing解析 Costing is the process of determining the costs of products, activities or services.2. 单选题 Inventory movements for product X during the last quarter were as follows: JanuaryPurchases 10 items at $19.80 each FebruarySales 10 items at $30 each March Purchases 20 items at $24.50 Sales5 items at $30 each Opening inventory at 1 January was 6 items valued at $15 each. What would the Gross profit be for the quarter using the weighted average cost method? A $135.75B $155.00C $174.00D $483.00考点 Chapter6Accountingformaterials解析 ItemsUnit valueOpening inventory 6 15 90January: purchases 10 19.80 198 16 18 288February: sales (10) 18 (180) 6 18 108March: purchases 20 24.50 490 26 23 598March: sales (5)23 (115) 21 23 483Sales(15 x $30)Cost of sales 450Opening Inventory 90Purchases 688Closing Inventory (483) (295)Gross profit 1553. 单选题 A company bought a property four years ago on 1 January for $ 170,000. Since then property prices have risen substantially and the property has been revalued at $210,000.The property was estimated as having a useful life of 20 years when it was purchased. What is the balance on the revaluation surplus reported in the statement of financial position? A $210,000B $136,000C $74,000D $34,000考点 Chapter8Tangiblenon-currentassets解析 ValuationCarrying amount (170,000 x 16/20)Revaluation surplus4. 单选题 The trend for monthly sales ($Y) is related to the month (t) by the equation Y = 1,500 - 3t where t = 1 in the first month of 20X8. What are the forecast sales (to the nearest dollar) for the first month of 20X9 if the seasonal component for that month is 0.92 using a multiplicative model?A $1,377B $17,904C $1,344D $1,462考点 Chapter14Forecasting解析 In the first month of 20X9, t = 13.Y = $1,500 - $(3 x 13)=$1,461Forecast = trend x seasonal component = $1,461 x 0.92 = $1,3445. 单选题 A chain of coffee shops has implemented a Total Quality Management system to ensure high quality and consistency across all outlets. As part of the scheme, the chain offers a free replacement drink to any customer not completely satisfied with their purchase. Which of the following BEST describes the cost of providing replacement drinks?A An external failurecostB An internal failure costC A prevention costD An appraisal cost考点 Chapter13Alternativecostingprinciples解析 This is a cost arising from inadequate quality discovered after the transfer of ownership, an external failure cost.6. 单选题 A company makes a component for one of its products in-house. It uses an average of 5,000 of these throughout the year. The production rate for these components is 500 per week and the cost of holding one item for the year is $1.50. The factory is open for 50 weeks per year. The company has calculated that the economic batch quantity is 2,000. What is the production setup cost per batch?A $213B $240C $480D $960考点 Chapter6Accountingformaterials解析 Annual production rate = 500 x 50 = 25,000 Using the economic batch quantity formula given,2,000= V(2 x setup cost x 5,000)/(1.5 x (1-5,000/25,000)2,0002 = 2 x setup cost x 5,000/1.5 x 0.8 Setup cost = 2,0002 x 1.5 x 0.8 /2 x 5,000 Setup cost = $4807. 单选题 To which of the following does a director owe their statutory duties?A The members personallyB The company as a wholeC The board of directors考点 Chapter18Companydirectors解析 A director owes their statutory duties to the company as a whole.8. 单选题 In decision making, costs which need to be considered are said to be relevant costs. Which of the following are characteristics associated with relevant costs?(i) Future costs(ii) Unavoidable costs(iii) Incremental costs(iv) Differential costsA (i) and (iii) onlyB (i) and (ii) onlyC (i), (iii) and (iv) onlyD All of them考点 Chapter18Capitalexpenditurebudgeting解析 A decision is about the future, therefore relevant costs are future costs (i). If a cost is unavoidable then any decision taken about the future will not affect the cost, therefore unavoidable costs are not relevant costs (ii). Incremental costs are extra costs which will be incurred in the future therefore relevant costs are incremental costs (iii). Differential costs are the difference in total costs between alternatives and they are therefore affected by a decision taken now and they are associated with relevant costs (iv).A decision is about the future, therefore relevant costs are future costs (i). If a cost is unavoidable then any decision taken about the future will not affect the cost, therefore unavoidable costs are not relevant costs (ii). Incremental costs are extra costs which will be incurred in the future therefore relevant costs are incremental costs (iii). Differential costs are the difference in total costs between alternatives and they are therefore affected by a decision taken now and they are associated with relevant costs (iv).9. 材料题 材料全屏 Andys company operates a fleet of haulage trucks that transport goods to commercial depots andwarehouses all around the country. Andy himself often works as a truck driver, delivering goods. At thedepot of one of Andys clients, Hazelwood Ltd, the following notice is in place. For commercial delivery use only. The use of these facilities is strictly at your own risk and Hazelwood Ltdaccepts no liability whatsoever for any damage or injury sustained by either those using this facility or theirvehicles or property, no matter how caused. Andy was aware of the notice, but had never paid much attention to it. However, one day, after deliveringsome goods to Hazelwood Ltd, he returned to his truck to find that it had been badly damaged by a towingvehicle driven by an employee of Hazelwood Ltd. Whilst on his way to the office to complain, he was hit bythe same towing vehicle. As a result, not only was his truck severely damaged, but he suffered a broken legand was off work for eight weeks. Hazelwood Ltd has accepted that its employee was negligent on both counts but denies any liability, relyingon the exclusion clause. 26 【论述题】 State the nature of an exclusion clause 考点 考点：Chapter5Contentofcontracts解析 An exclusion or exemption clause, can be defined as a clause in a contract which purports to exclude liability altogether or to restrict it by limiting damages or by imposing other onerous conditions.10. 单选题 What is the correct description of perpetual inventory?A The counting and valuing of selected items on a rotating basisB The recording, as they occur, of receipts, issues and the resulting balances of individual items of inventoryC The recording of inventory that is constantly changingD The counting and valuing inventory on a regular (e.g. weekly) basis考点 Chapter6Accountingformaterials解析 Perpetual inventory involves recording, as they occur, receipts, issues and the resulting balances of individual items of inventory, in either quantity, or quantity and value.11. 单选题 Services have certain qualities which distinguish them from products. Because of their physical elements such as vouchers, tickets, confirmations and merchandise are an important part of service provision.Which of the following words most accurately completes the sentence? A IntangibilityB InseparabilityC VariabilityD Perishability考点 Chapter6Organisationalcultureandcommittees解析 Rationale： Intangibility refers to the fact that there are no material or physical aspects to a service： physical elements help to reduce this effect, and make the provision concrete for the customer. Inseparability and perishability refer to the fact that services are created and consumed at the same time： they cannot be stored - and pose challenges to demand forecasting and scheduling. Variability refers to the fact that services are specific to the situation and cannot easily be standardised.Ways in： What do physical elements do for a customer purchasing eg a train ride or legal advice? If you knew the meaning of the term intan 12. 材料题 材料全屏 Fran and Gram registered a private limited company, Ire Ltd, in January 2009, with each of them becoming adirector of the company. Although the company did manage to make a small profit in its first year of trading, it was never a greatsuccess and in its second year of trading it made a loss of 10,000. At that time Fran said he thought the company should cease trading and be liquidated. Gram, however, wasinsistent that the company would be profitable in the long term so they agreed to carry on the business, withFran taking less of a part in the day-to-day management of the company, although retaining his position as acompany director. In the course of the next three years Gram falsified Ire Ltds accounts to disguise the fact that the companyhad continued to suffer losses, until it became obvious that he could no longer hide the companys debtsand that it would have to go into insolvent liquidation, with debts of 100,000. 41 【论述题】 State whether criminal or civil action, or both, can be taken in relation to fraudulent trading andwrongful trading 考点 考点：Chapter22Fraudulentandcriminalbehaviour解析 Criminal liability is only applicable to fraudulent trading under the Companies Act 2006. However, civil actionis open under ss213 and 214 Insolvency Act 1986 in relation to both fraudulent and wrongful trading.13. 单选题 Which of the following is a director who has not been validly appointed but is held out by the company to be a director?A De facto directorB De jure directorC Alternate directorD Shadow director考点 Chapter18Companydirectors解析 A de jure director is expressly appointed. A de facto director is held out by the company to be a director. A shadow director is neither, they are a person whose instructions the actual directors are accustomed to follow. An alternate director is appointed by a director of a company to attend and vote for them at board meetings they are unable to attend.14. 单选题 A manager is assessing the performance of her team members. In accordance with the appraisal system of the organisation, she has been given a list of characteristics and performance elements, with notes on how to interpret and apply the terms: integrity, punctuality and so on. She is required to comment on how each appraisee measures up in terms of each factor Which appraisal technique is this organisation using? A Overall assessmenB GradingC Behavioural incidentD Guided assessment考点 Chapter17Performanceappraisal解析 Rationale： Overall assessment is narrative comment without the guidance on how the termsshould be applied. Grading uses rating scales (definitions of performance on each characteristic from 1-5, say). Behavioural incident methods compare specific behaviours against typical behaviour in each job. 15. 论述题 Define money laundering.考点 Chapter22Fraudulentandcriminalbehaviour解析 Money laundering is the term given to attempts to make the proceeds of crime appear respectable.It covers any activity by which the apparent source and ownership of money representing the proceeds ofincome are changed so that the money appears to have been obtained legitimately.16. 单选题 For a product that has a positive unit contribution which of the following events would tend to increase total contribution by the greatest amount?A 10% decrease in variable costB 10% increase in selling priceC 10% increase in volume soldD 15% decrease in total fixed costs考点 Chapter9AbsorptionandmarginalCosting解析 Suppose we start with the following situation. $ per unitSelling price 100Variable cost (60)Contribution 40Sales 1,000 units; total contribution $40,00017. 单选题 The following statements have been made about activity-based costing. (1) Unlike traditional absorption costing, ABC identifies variable overhead costs for allocation toproduct costs. (2) ABC can be used as an information source for budget planning based on activity rather thanincremental budgeting. Which of the above statements is/are true? A 1 onlyB 2 onlyC Neither 1 nor 2D Both 1 and 2考点 Chapter2aActivitybasedcosting解析 ABC is a method of absorption costing that uses cost drivers to calculate absorption ratesper unit of overhead activity. It then apportions overhead costs to products. It is not atechnique for identifying variable overhead costs.ABC can be used as a basis for preparing budgets. This approach to budgeting is calledactivity based budgeting (ABB).18. 材料题 State the duties to FGH Ltd that Fay has breached考点 考点：Chapter18Companydirectors解析 Under the Companies Act 2006, Fay is in breach of her s175 duty to avoid conflict of duty and personalinterest. This is because she did not disclose her interest in Ix plc and she obtained a personal advantagethrough this interest. She is also in breach of her s176 duty not to accept benefits from third parties whenshe accepted the substantial payment from Ix plc for passing on information.19. 单选题 Which of the following statements describes the essence of systematic sampling?A each element of the population has an equal chance of being chosenB members of various strata are selected by the interviewers up to predetermined limitsC every nth member of the population is selectedD every element of one definable sub-section of the population is selected考点 Chapter2Sourcesofdata解析 every nth member of the population is selected20. 单选题 A government is trying to assess schools by using a range of financial and non-financialfactors. One of the chosen methods is the percentage of students passing five exams ormore. Which of the three Es in the value for money framework is being measured here? A EconomyB EfficiencyC EffectivenessD Expertise考点 Chapter18Furtheraspectsofperformancemanagement解析 Exam success will be a given objective of a school, so it is a measure of effectiveness.21. 单选题 Which of the following is/are primary sources of data? (i) Historical records of transport costs to be used to prepare forecasts for budgetary planning (ii) The Annual Abstract of Statistics, published by the Office for National Statistics in the United Kingdom (iii) Data collected by a bank in a telephone survey to monitor the effectiveness of the banks customer services A (i) and (ii)B (i) and (iii)C (i) onlyD (iii) only考点 Chapter2Sourcesofdata解析 Data collected by survey for a particular project are a primary data source. Historical records of transport costs were not collected specifically for the preparation of forecasts, therefore these are secondary data. The Annual Abstract of Statistics is a source of secondary external data.22. 论述题 An information technology consultancy firm has been asked to do an urgent job by a client, for which aprice of $2,500 has been offered. The job would require the following. (a) 30 hours work from one member of staff, who is paid on an hourly basis, at a rate of $20 perhour, but who would normally be employed on work for clients where the charge-out rate is $45per hour. No other member of staff is able to do the member of staff in questions work. (b) The use of five hours of mainframe computer time, which the firm normally charges out to externalusers at a rate of $50 per hour. Mainframe computer time is currently used 24 hours a day, sevendays a week. (c) Supplies and incidental expenses of $200. Required Fill in the blank in the sentence below. The relevant cost or opportunity cost of the job is $. 考点 Chapter6Short-termdecisions解析 The correct answer is $1,800.The relevant cost or opportunity cost of the job would be calculated as follows. $Labour (30 hours $20) 600Opportunity cost of labour (30 hours ($45 $20) 750Computer time opportunity cost (5 hours $50) 250Supplies and expenses 200 1,80023. 单选题 Which of the following statements describes constructive dismissal?A The employer dismissing the employee without the correct notice period and justificationB The employer dismissing the employee without any noticeC The employee resigns after they are required to work 40 hours per week when they are contracted towork 30D The employee resigns after they are not awarded a discretionary bonus考点 Chapter9Dismissalandredundancy解析 Constructive dismissal occurs where the employer resigns following their employers breach ofcontract. Dismissal without correct notice and justification is wrongful dismissal. Dismissal withoutnotice is summary dismissal.24. 单选题 Which of the following describes how courts deal with the adequacy of consideration?A Courts will seek to ensure that consideration from each party is of equal valueB Courts will seek to ensure no party makes excess profitC Courts will not interfere in a contract to rectify a bad bargain考点 Chapter4FormationofcontractII解析 Courts will not interfere in contracts in regards to the adequacy of consideration.25. 论述题 This objective test question contains a question type which will only appear in a computer-based exam, but this question provides valuable practice for all students whichever versionof the exam they are taking. While a drag and drop style question is impossible to fully replicate within a paper basedmedium, some questions of this style have been included for completeness. Ace Limited is considering whether or not to cease production of leather-bound diaries. Which of the following items are valid factors to consider in this decision? The diaries made a loss in the year just passed The diaries made a positive contribution in the year just passed The market outlook in t