題目

The material stores control account for a company for March looks like this：

MATERIAL STORES CONTROL ACCOUNT?

????????????????????????????????? $?????????????????????????????????????????????????????????????????????????????? ?$

Balance b/d?????????? 12,000?????????????? Work in progress?????????????????????????? ?40,000

Suppliers????????????? 49,000??????????????? Overhead control?????????????????????????? 12,000

Work in progress? 18,000?????????????????Balance c/d??????????????????????????????????? 27,000?

????????????????????????????? 79,000?????????????????????????????????????????????????????????????????????? ?79,000

Balance b/d??????????? 27,000

Which of the following statements are correct?

(i)?Issues of direct materials during March were $18,000

(ii)?Issues of direct materials during March were $40,000

(iii)?Issues of indirect materials during March were $12,000

(iv)?Purchases of materials during March were $49,000

A

(i) and (iv) only

B

(ii) and (iv) only

C

(ii), (iii) and (iv) only

D

All of them

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Chapter6Accountingformaterials

Statement (i) is not correct. A debit to stores with a corresponding credit to work in progress

(WIP) indicates that direct materials returned from production were $18,000.

Statement (ii) is correct. Direct costs of production are 'collected' in the WIP account-

statement (iii) is correct. Indirect costs of production or overhead are 'collected' in the overhead control account.

Statement (iv) is correct. The purchases of materials on credit are credited to the creditors account and debited to the material stores control account.Therefore the correct answer is C.

多做幾道

Which of the following statements about management accounting information is/are true?

(i) They must be stated in purely monetary terms.

(ii) Limited companies must, by law, prepare management accounts.

(iii) They serve as a future planning tool and are not used as an historical record.

A

(i), (ii) and (iii)

B

(i) and (ii)

C

(ii) only

D

None of the statements is true

Which of the following statements is/are correct?

(i) A management control system is a term used to describe the hardware and software used to drive a database system which produces information outputs that are easily assimilated by management.

(ii) An objective is a course of action that an organisation might pursue in order to achieve its strategy.

(iii) Information is data that has been processed into a form meaningful to the recipient.

A

(i), (ii) and (iii)

B

(i) and (iii)

C

(ii) and (iii)

D

(iii) only

Good information should have certain qualities. Which of the following are qualities of good information?(i) Complete(ii) Extensive(iii) Relevant(iv) Accurate

A

(i), (ii) and (iii)

B

(i), (iii) and (iv)

C

(ii) and (iv)

D

All of them

Monthly variance reports are an example of which one of the following types of management information?

A

Tactical

B

Strategic

C

Non-financial

D

Operational

Which of the following statements is/are correct?

(i) Information for decision-making should incorporate uncertainty in some way

(ii) The data used to prepare financial accounts and management accounts are the

A

(i) is true and (ii) is false

B

(ii) is true and (i) is false

C

Both are true

D

Both are false

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