题目内容

Cloudy Co bought $200,000 worth of raw materials and issued $150,000 to production.Which TWO of the following are the correct bookkeeping entries?

A. Dr Raw materials, $200,000, Cr Bank, $200,000
B. Dr Work-in-progress, $150,000, Cr Raw materials, $150,000
C. Dr Raw materials, $150,000, Cr Work in progress, $150,000
Dr Bank, $200,000, Cr Raw materials, $200,000

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Which of the following statements concerning inventory management is TRUE?

A. Continuous stocktaking involves frequent counts and checks on a proportion of the inventory items
B. For management accounts we must use the first in first out (FIFO) valuation method
C. Value of closing inventory + cost of goods produced - value of opening inventory = cost of sales
D. Setting a maximum control level seeks to ensure that a stockout does not occur

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Hotel Specialle has 40 rooms. Total costs for June were $456,000 and there was a 95% occupancy rate.What was the cost per room per day?

A. $361
B. $380
C. $400
D. $15,200

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A company uses the machine hours method to depreciate the machinery in its factory. A machine that cost $120,000 has an estimated residual value of $30,000 at the end of its four-year useful operating life. Usage over the four years is expected to be:What is the depreciation charge for the machine in Year 3?

A. $23,333
B. $31,111
C. $38,889
D. $76,667

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Jai usually works a 40-hour week at $20 per hour. Last week he was paid overtime at time and a half for an extra three hours work at the request of a customer. What value of Jai's wages should be treated as direct costs?

A. $800
B. $830
C. $860
D. $890

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Cloudy Co bought $200,000 worth of raw materials and issued $150,000 to production.Which TWO of the following are the correct bookkeeping entries?

A. Dr Raw materials, $200,000, Cr Bank, $200,000 B. Dr Work-in-progress, $150,000, Cr Raw materials, $150,000 C. Dr Raw materials, $150,000, Cr Work in progress, $150,000 Dr Bank, $200,000, Cr Raw materials, $200,000

Which of the following statements concerning inventory management is TRUE?

Hotel Specialle has 40 rooms. Total costs for June were $456,000 and there was a 95% occupancy rate.What was the cost per room per day?

Jai usually works a 40-hour week at $20 per hour. Last week he was paid overtime at time and a half for an extra three hours work at the request of a customer. What value of Jai's wages should be treated as direct costs?

A. Dr Raw materials, $200,000, Cr Bank, $200,000
B. Dr Work-in-progress, $150,000, Cr Raw materials, $150,000
C. Dr Raw materials, $150,000, Cr Work in progress, $150,000
Dr Bank, $200,000, Cr Raw materials, $200,000