2022年ACCA英国注册会计师考前密押冲刺卷32

2022年ACCA英国注册会计师考前密押冲刺卷1. 单选题 The following statements have been made about planning and operational variances: (1) Planning and operational variances are calculated when it is necessary to assess amanager on results that are within his/her control. (2) Revised standards are required because variances may arise partly due to anunrealistic budget, and not solely due to operational factors. Which of the above statement(s) is/are true? A (1) onlyB (2) onlyC Neither (1) nor (2)D Both (1) and (2)考点 Chapter12Planningandoperationalvariances解析 Both (1) and (2)2. 单选题 A fixed charge:A Cannot be an informal mortgageB Can be a legal mortgageC Can only attach to land, shares or book debtsD Cannot attach to land考点 Chapter16Loancapital解析 A mortgage is an example of a fixed charge. It can extend to, for instance, plant and machinery as wellas land.3. 单选题 A government department is responsible for monitoring the performance of schools providingeducation for pupils aged between 11 and 18. There is a separate government department that sets final examinations that help determine entryto university and support pupils job applications. The head teachers at individual schools are responsible for teaching and submitting selected pupilsfor these examinations. Which of the following statements is valid in the context of this scenario? A Poor performance in terms of financial indicators should be ignored if a school isperforming well in non-financial terms.B Non-financial performance indicators cannot be manipulated by school head teachers.C It is generally valid to compare the pass rates of different schools in the final examinations.D Non-financial indicators are generally more important than financial indicators in the publicsector考点 Chapter16私营机构的表现评估解析 The correct answer is: Non-financial indicators are generally more important than financial indicators in thepublic sector.The public sector is funded by government therefore financial indicators involving profit willbe of little use in measuring performance.4. 材料题 Using throughput analysis, calculate the return per bottleneck hour of Product A.考点 考点：Chapter2dThroughputaccounting解析 Throughput return per production hour of the bottleneck resource = (selling price materialcost)/hours on the bottleneck resourceRank products on the basis of throughput return per bottleneck hour5. 材料题 材料全屏 Reginald owns 100 shares of Linsey Ltd. Each share has a nominal value of 2.50 and Reginald paid 1.00 per share on issue. Linsey Ltd also issued some debentures which are secured as follows. A fixed charge over a property in favour of Margaret on 1 May 20X7. It then created a floating charge in favour of Chris over the same property on 13 May 20X7. The company has Chriss charge registered on 25 May 20X7, and Margarets charge on 29 May 20X7. 20 【论述题】 State the extent of Reginalds liability in the event of Linsey Ltds liquidation. 考点 考点：Chapter17Capitalmaintenanceanddividendlaw解析 Reginald is liable to pay the unpaid capital on his shares. This is 150 (100 1.50).6. 单选题 You are preparing the financial statements for a business. The cost of the items in closing inventory is $41,875. This includes some items which cost $1,960 and which were damaged in transit. You have estimated that it will cost $360 to repair the items, and they can then be sold for $1,200. What is the correct inventory valuation for inclusion in the financial statements? A $39,915B $40,755C $41,515D $42,995考点 Chapter7Inventory解析 Original inventory valuation$ 41,875Cost of damaged items(1,960)NRV of damaged items (1,200 - 360)84040,7557. 单选题 In a period where opening inventories were 15,000 units and closing inventories were 20,000 units, a firm had a profit of $130,000 using absorption costing. If the fixed overhead absorption rate was $8 per unit, the profit using marginal costing would be which of the following?A $90,000B $130,000C $170,000D Impossible to calculate without more information考点 Chapter9AbsorptionandmarginalCosting解析 Difference in profit = change in inventory level x fixed overhead per unit=(15,000 - 20,000) x $8 =$40,000The inventory level increased during the period therefore the absorption costing profit is higher than the marginal costing profit.Marginal costing profit = $130,000 - $40,000 = $90,000Working $Overhead absorbed (5,800 x$5) 29,000Overhead incurred 27,400Over-absorbed overhead 1,6008. 单选题 According to Leavitt, which one of the following communication patterns is the fastest in terms of problem solving?A YB CircleC ChainD Wheel考点 Chapter18Personaleffectivenessandcommunication解析 Rationale: The wheel was the fastest and the Y was the second fasted in Leavitts experiment.The chain was the slowest. The reason was the fact that messages came through and were distributed from a central source.9. 单选题 Volcano Co acquired 75% of the equity share capital of Lava Co on 1 September 20X3. The retained profits of the two individual companies at the beginning and end of their financial year were as follows. Volcano Co Lava Co $000 $000 Retained earnings at 1 January 20X3596264 Retained earnings at 31 December 20X3650336 What is the parent companys share of consolidated retained earnings that should be reported in the consolidated statement of financial position of the Volcano Group at 31 December 20X3? A $668,000B $674,000C $704,000D $722,000考点 Chapter23Introductiontoconsolidatedfinancialstatements解析 Retained post-acquisition earnings of Lava Co = 4/12 x $(336,000 - 264,000) = $24,000.10. 单选题 A company operates a job costing system. The estimated costs for job 173 are as follows. Direct materials 5 metres $20 per metre Direct labour 14 hours $8 per hour Variable production overheads are recovered at the rate of $3 per direct labour hour. Fixed production overheads for the year are budgeted to be $200,000 and are to be recovered on the basis of the total of 40,000 direct labour hours for the year. Other overheads, in relation to selling, distribution and administration, are recovered at the rate of $80 per job. What is the total cost of job 173? A $404B $300C $254D $324考点 Chapter10Job,batchandservicecosting解析 Direct materials (5 x $20)Direct labour (14 x $8)Variable overhead (14 x $3)Fixed overhead (14 x $5*)Other overhead Total cost of job 173*Fixed production overhead absorption rate = $200,000 HH40,000 = $5 per direct labour hour11. 单选题 A company has established a marginal costing profit of $72,300. Opening inventory was 300 units and closing inventory is 750 units. The fixed production overhead absorption rate has been calculated as $5/unit. What was the profit under absorption costing? A $67,050B $70,050C $74,550D $77,550考点 Chapter9AbsorptionandmarginalCosting解析 There was an increase in inventory in the period； therefore the absorption costing profit is higher than the marginal costing profit (because a larger amount of fixed overhead is carried forward in the closing inventory value). $Marginal costing profit 72,300Less: fixed costs in opening inventory (300 units x $5) (1,500)Add: fixed costs in closing inventory (750 units x $5) 3,750Absorption costing profit 74,55012. 单选题 The inventory value for the financial statements of Q for the year ended 31 December 20X4 was based on an inventory count on 4 January 20X5, which gave a total inventory value of $836,200.Between 31 December and 4 January 20X5, the following transactions took place: $ Purchases of goods 8,600 Sales of goods (profit margin 30% on sales) 14,000 Goods returned by Q to supplierWhat adjusted figure should be included in the financial statements for inventories at 31 December20X4? A $838,100B $853,900C $818,500D $ 834,300考点 Chapter7Inventory解析 $Inventory count valueLess： 836,200purchases Add： (8,600) sales (14,000 x 70/100) Add： 9,800 goods returned Inventory figur700 838,10013. 单选题 Division B of a company makes units which are then transferred to other divisions. Thedivision has no spare capacity. The following statements have been made regarding theminimum transfer price that will encourage the divisional manager of B to transfer units toother divisions: (1) Any price above variable cost will generate a positive contribution, and will thereforebe accepted. (2) The division will need to give up a unit sold externally in order to make a transfer;this is only worthwhile if the income of a transfer is greater than the net income of anexternal sale. Which of the above statement(s) is/are true? A (1) onlyB (2) onlyC Neither (1) nor (2)D Both (1) and (2)考点 Chapter17Divisionalperformanceandtransferpricing解析 (2) only14. 单选题 The following information relates to Eva Cos sales tax for the month of March 20X3: $ Sales (including sales tax) 109,250 Purchases (net of sales tax) 64,000 Sales tax is charged at a flat rate of 15%. Eva Cos sales tax account showed an opening credit balance of $4,540 at the beginning of the month and a closing debit balance of $2,720 at the end of the month. What was the total sales tax paid to regulatory authorities during the month of March 20X3? A $6,470.00B $11,910.00C $14,047.50D $13,162.17考点 Chapter13Salestax解析 SALES TAX CONTROL ACCOUNT $b/d $ 4,540Purchases ($64,000 x 15%) 9,600Sales ($109,250 x 15%/115%)14,250. Cash 11,910 c/d2,72021,51021,51015. 单选题 Which of the following is not a substitute for carpets?A Ceramic floor tilesB Wooden floorboardC Carpet underlay考点 Chapter4Microeconomicfactors解析 Rationale:Carpet underlay is a complement tocarpet16. 不定项选择题 Which TWO of the following are included in the cost of holding inventory?A The cost of insuranceB The delivery costsC Rental payments on storage spaceD The cost of placing an order考点 Chapter6Accountingformaterials解析 The EOQ model distinguishes between holding costs (A and C) and ordering costs B and D)17. 单选题 In a given period, the production level of an item exactly matches the level of sales. How would the profit differ if marginal or absorption costing was used? A There would not be a differenceB It would be higher under absorption costingC It would be lower under absorption costingD It would be higher under marginal costing考点 Chapter9AbsorptionandmarginalCosting解析 Profit figures only differ if inventory changes in the period.18. 材料题 What would be the formula for March net profit?A = D2-D3B = B6 + C6C = D4-D5D = D3-D8考点 考点：Chapter15Budgeting解析 =D4-D519. 单选题 Ho subscribed for some partly paid-up shares in Io Ltd. The company has not been successful and Ho hasbeen told that when Io Ltd is liquidated, he will have to pay the amount remaining unpaid on his shares.However, he is not sure to whom such payment should be made. In limited liability companies, shareholders are liable to which party for any unpaid capital? A CreditorsB The directorsC The companyD The liquidator考点 Chapter15Sharecapital解析 Shareholders are liable to the company for unpaid share capital.20. 填空题 What tests are applied by the courts to answer these questions? Has the employer control over the way in which the employee performs their duties? (1) _ Is the skilled employee part of the employers organisation? (2) _ Is the employee working on their own account? (3) _ 考点 Chapter8Contractofemployment解析 What tests are applied by the courts to answer these questions?Has the employer control over the way in which the employee performs their duties? control testIs the skilled employee part of the employers organisation? integration testIs the employee working on their own account?multiple (economic reality) test21. 单选题 Which of the following is not an aim of internal controls?A To enable the organisation to respond appropriately to business, operational and financial risksB To eliminate the possibility of impacts from poor judgement and human errorC To help ensure the quality of internal and external reportingD To help ensure compliance with applicable laws and regulations考点 Chapter8Theroleofaccounting解析 Rationale: Options A, C and D were identified as aims of internal controls in the Turnbull report.However, the report also states that even a sound system of internal control reduces, but does not eliminate, the possibilities of poorly judged decisions, human error, deliberate circumvention of controls and unforeseeable circumstances. Systems only provide reasonable (not absolute) assurance.Ways in:丨f you had to guess, you could probably see that option B is an exaggerated claim. Look out for options that sayalways or never or total, in a similar vein: these are much more likely to be untrue than true, in the complex world of business22. 单选题 Which of the following statements regarding payment for shares is correct?A Public company shares must always be paid for in cashB At the time of allotment, a public company must receive payment of at least 50% of the nominal valueof the sharesC A private company may allot shares for inadequate consideration by accepting goods or services atan over-valueD A private company must have non-cash consideration independently valued before accepting it aspayment 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.23. 单选题 Which TWO of the following are justifiable reasons for summary dismissal? (1) Misconduct (2) Gross negligence (3) Lateness (4) Failure to follow a dress code A 1 and 2B 1 and 3C 2 and 3D 2 and 4考点 Chapter9Dismissalandredundancy解析 Only serious misbehaviour by the employee will justify summary dismissal. Misconduct and grossnegligence are serious reasons. Lateness and failure to follow a dress code are unlikely to warrantsummary dismissal.24. 单选题 Which of the following is not an attribute of communication through an informal organisational network or grapevine?A FastB SelectiveC AccurateD Up-to-date考点 Chapter18Personaleffectivenessandcommunication解析 Rationale: The grapevine is a rumour mill: information is often inaccurate and exaggerated.Communication is, however, fast, selective (in that information is not randomly passed on to everyone) and up-to-date(information is often more current than in the formal system)25. 单选题 The supplier has offered Point a discount of 1% on the purchase price if each order placed is for 2,000 units.What is the total annual saving to Point of accepting this offer?A $29,280B $30,080C $37,200D $38,000考点 Chapter6Accountingformaterials解析 $Purchasing cost (48,000 x $80 x 0.99) 3,801,600Ordering cost (48,000 /2,000) x $120 2,880Holding costs (2,000/ 2) x $80 x 0.99 x 0.10】 7,920Total cost 3,812,400Annual total saving = $(3,849,600 - 3,812,400) $37,20026. 单选题 Theta Co purchased a patent on 31 December 20X3 for $250,000. Theta Co expects to use the patent for ten years, after which it will be valueless. According to IAS 38 Intangible assets, what amount will be amortised in Theta Cos statement of profit or loss and other comprehensive income for the year ended 31 December 20X4? A $250,000B $125,000C $25,000D $50,000考点 Chapter9Intangiblenon-currentassets解析 The patent should be amortised over its useful life of 10 years. (250,000 / 10) = $25,00027. 单选题 _is the planned and systematic modification of behaviour through learningevents, programmes and instruction which enable individuals to achieve the level of knowledge, skills and competence to carry out their work effectively.Which word correctly completes this definition? A ConditioningB TrainingC Education考点 Chapter16Traininganddevelopment解析 Rationale: Conditioning may have sounded familiar if you only read as far as modification of behaviour, but it involvesspecific repetition-and-reward techniques. Education is the gradual acquisition of knowledge, by learning and instruction,often leading to qualifications.Pitfalls: This kind of related terminology lends itself to exam questions. Training, education and development all involve learning, but the learning experiences are of different types, and with different overall aims.28. 单选题 The plant and machinery at cost account of a business for the year ended 30 June 20X4 was as follows： PLANT AND MACHINERY - COST 20X3 $ 20X31 $ 1 Jul 20X4 Balance 240,00030 Sep Transfer disposal account 20X4 60,000 1 Jan Cash - purchase of plant160,000 340,00 400,000 30 Jun Balance400 ,000 The companys policy is to charge depreciation at 20% per year on the reducing balance basi