Chapter20-22试题及答案_Chapter20-22考试练习题-猎鹰试题网

A company is in the process of setting standard unit costs for next period. Product J uses two types of material, P and S. 7 kg of material P and 3 kg of material S are needed, at a standard price of $4 per kg and $9 per kg respectively.Direct labour will cost $7 per hour and each unit of J requires 5 hours of labour.Production overheads are to be recovered at the rate of $6 per direct labour hour, and general overhead is to be absorbed at a rate of ten per cent of production cost.What is the standard prime cost for one unit of product J?

A

$55

B

$90

C

$120

D

$132

What is an attainable standard?

A

A standard which includes no allowance for losses, waste and inefficiencies. It represents the level of performance which is attainable under perfect operating conditions

B

A standard which includes some allowance for losses, waste and inefficiencies. It represents the level of performance which is attainable under efficient operating conditions

C

A standard which is based on currently attainable operating conditions

D

A standard which is kept unchanged, to show the trend in costs

Which of the following statements is correct?

A

The operating standards set for production should be the most ideal possible

B

The operating standards set for production should be the minimal level

C

The operating standards set for production should be the attainable level

D

The operating standards set for production should be the maximum level

A company manufactures a carbonated drink, which is sold in 1 litre bottles. During the bottling process there is a 20% loss of liquid input due to spillage and evaporation. What is the standard usage of liquid per bottle?

A

0.80 litres

B

1.00 litres

C

1.20 litres

D

1.25 litres

Which of the following best describes management by exception?

A

Using management reports to highlight exceptionally good performance, so that favourable results can be built upon to improve future outcomes

B

Sending management reports only to those managers who are able to act on the information contained within the reports

C

Focusing management reports on areas which require attention and ignoring those which appear to be performing within acceptable limits

D

Focusing management reports on areas which are performing just outside acceptable limits

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