题目内容

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

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

Which TWO of the following are true of job costing?

A. It is a costing method that collects all the costs relating to an individual cost unit
B. Production is customer driven
C. A composite cost unit is often used
D. Production may take place to build up inventory

What would be the entry in an integrated accounting system to record the charging of direct labour production costs?

A. Dr Production overhead Cr Wages
B. Dr Wages Cr Work in progress
C. Dr Work in progress Cr Wages
Dr Wages Cr Production overhead

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