题目内容

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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Which of the following formulae can be used to calculate the labour capacity utilisation ratio?

A. Standard hours of actual output ÷ actual hours
B. Actual hours ÷ standard hours of budgeted output
C. Standard hours of actual output ÷ standard hours of budgeted output
D. Actual hours ÷ standard hours of actual output

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