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 Các khoá học của tôi
 MA2_KNC05_K48_S2,6_B1_508_408_5Aug_30Sep_2024
 Chapter 4 - Measurement performance
 Quiz at class - C2-4 - OE2022 - KTQTEN - MA2K43

Bắt đầu vào lúc Sunday, 22 September 2024, 8:12 PM

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Kết thúc lúc Sunday, 22 September 2024, 9:18 PM

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1 giờ 5 phút
hiện

Điểm 10,00 trên 10,00 (100%)

Câu hỏi 1
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Đoạn văn câu hỏi
Mathew Company has 2 divisions. Division X produced chips for laptops that can be
sold to Division Y or to outside customers. The management acounting department
collected following information last year.

Division A

- Capacity of chips produced 10,000 units

- Number of chips sold to outside customer 7,000 units

- Selling price/chip $100

- Variable cost/chip $40

- Total segment fixed cost $100,000

Division B

- Number of labtops sold 4,000 units

- Selling price/latop $500

- Variable cost of chip/laptop (chips bought by outside $90

suppliers)

- Additional variable cost/laptop $60

- Total segment fixed cost $500,000

Total common fixed costs $220,000

Next year, Division B suggests to buy 4,000 chips from Division A. If managers are
free to negotiate and make decisions on their own, will a transfer take place? If so,
what is the maximum transfer price:
a.
$85
b.
$90

c.
$80
d.
$75
Phản hồi
Your answer is correct.
The correct answer is:
$90
Câu hỏi 2
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Đoạn văn câu hỏi
Andy Garment Corporation uses a standard cost system to plan and control the
garment costs of product Z in June. The standard direct materials cost for each unit
of product Z is $100/unit (4 metres/unit *$25/metre). The estimated production
volume for the month is 80,000 units. In June, the Corporation bought 400,000
metres with a purchase price of $28/metre and only used 300,000 metres to
produce 60,000 units. Which of the following statements is correct?
a.
Direct material cost variance due to the change in the material usages is favorable
with the decrease in direct material cost of $1,500,000
b.
Direct material cost variance due to the change in the price of material is adverse
with the increase in direct material cost of $1,200,000

c.
Direct material cost variance due to the change in production volume is adverse
with the increase in direct material cost of $2,000,000
d.
Direct material cost variance due to the change in the direct material cost per unit
(spending per unit) is favorable with the decrease in direct material cost of
$2,400,000
Phản hồi
Your answer is correct.
The correct answer is:
Direct material cost variance due to the change in the price of material is adverse
with the increase in direct material cost of $1,200,000
Câu hỏi 3
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Đoạn văn câu hỏi
Andrew Corporation has the standard product cost card for a single product as
follows:
 $/unit

Direct material cost 2.8 kgs at $15 per kg 42

Direct labor cost 5 direct labor-hours at $2 per direct labor- 10

hour

Variable production 2 machine-hours at $1.5 per machine-hour 3

overhead

Fixed production overehead 2 machine-hours at $6 per machine-hour 12

Total standard cost per 67

unit

In 20x0, the corporation produced 8,000 units and spent $115,000 on fixed
production overhead with 39,000 actual direct labor-hours and 18,000 actual
machine-hours worked. Its management accounting department determined the
volume variance with $4,200 (Unfavorable).
The budget variance (of fixed production overhead) for the year is

a.
$15,200 U
b.
$13,200 U
c.
$14,800U

d.
$16,000 F
Phản hồi
Your answer is correct.
The correct answer is:
$14,800U
Câu hỏi 4
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Tony Company uses a standard cost system to plan and control the production cost
of product Y in July. The standard direct materials cost for each unit of product Y is
$25/unit (5 metres/unit *$5/metre). The estimated production volume for the month
is 10,000 units. In July, Tony Company used 48,000 metres of direct material to
produce 8,000 units with a purchase price of $4.5/metre. Which of the following
statements is correct?
a.
Total direct material cost variance is $16,000 (favorable)
b.
All variance of direct material cost including quantity variance, price variance and
total variance are favorable
c.
Quantity variance of direct material cost is $40,000 (unfavorable)

d.
Price variance of direct material cost is $24,000 (unfavorable)
Phản hồi
Your answer is correct.
The correct answer is:
Quantity variance of direct material cost is $40,000 (unfavorable)
Câu hỏi 5
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Đoạn văn câu hỏi
Which of the following statements shows the difference between a flexible budget
and a static budget?
a.
Differences in the level of activities used to estimate resources, costs and operating
profits

b.
Differences in standard cost used to estimate total production and operating costs
c.
Differences in resources estimated to use for production and business activities
d.
Differences in the approach to estimate the operating profit
Phản hồi
Your answer is correct.
The correct answer is:
Differences in the level of activities used to estimate resources, costs and operating
profits
Câu hỏi 6
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Đoạn văn câu hỏi
Benny Company bases on ROI to research and choose a business plan. Currently, in
the year X, the company has the following data:

Production volume 10,000 units

Selling price per unit $4,000/unit

Variable costs per unit $3,200/unit

Total fixed costs $6,000,000

Average total assets $20,000,000

Next year, in order to increase the return on investment (ROI) by 5%, the company
plans to increase some items like the selling price by 8%, variable costs per unit by
10%, total fixed costs by 20%, sales volume by 30% and total assets by 25%.
a.
The plan will cause a decrease in the company's current ROI
b.
By applying that plan, the company can not achieve an increase in ROI by 5%

c.
By applying that plan, the company can achieve an increase in ROI by 5%
d.
By applying that plan, the company can achieve an increase in ROI beyond 5%
Phản hồi
Your answer is correct.
The correct answer is:
By applying that plan, the company can not achieve an increase in ROI by 5%
Câu hỏi 7
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Đoạn văn câu hỏi
Rose Corporation has two divisions including North and South Area. Selected data
on the two divisons follow:

Division

North South

Sales revenue 200,000 500,000

Net income 40,000 80,000

Average assets 100,000 400,000

The minimum required 12% 12%

rate of return of return

Which one of the following is incorrect?

a.
Residual income of South Division is $4,000 higher than that of North Division
b.
ROI of North Division is double that of South Division
c.
RI of South Division is $32,000
d.
South Division has higher performance than North Division

Phản hồi
Your answer is correct.
The correct answer is:
South Division has higher performance than North Division
Câu hỏi 8
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Đoạn văn câu hỏi
Mathew Company has 2 divisions. Division X produced chips for laptops that can be
sold to Division Y or to outside customers. The management acounting department
collected following information last year.

Division A

- Capacity of chips produced 10,000 units

- Number of chips sold to outside customer 7,000 units

- Selling price/chip $100

- Variable cost/chip $40

- Total segment fixed cost $100,000

Division B

- Number of labtops sold 4,000 units

- Selling price/latop $500

- Variable cost of chip/laptop (chips bought by outside $90
suppliers)

- Additional variable cost/laptop $60

- Total segment fixed cost $500,000

Total common fixed costs $220,000

Next year, Division B suggests to buy 4,000 chips from Division A. If managers are
free to negotiate and make decisions on their own, will a transfer take place? If so,
what is the minimum transfer price:
a.
$55

b.
$40
c.
$60
d.
$57.5
Phản hồi
Your answer is correct.
The correct answer is:
$55
Câu hỏi 9
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Đoạn văn câu hỏi
Which of the following is a limitation on the use of standard cost system as a tool to
evaluate management performance at the business units?
a.
When business units reduce the production volume, the favorable cost variance
does not accurately reflect their cost management performance because no matter
how the business units control costs, they always fulfill the cost standard well.
b.
It is difficult for business units to attain the standard cost when they have to adjust
to increase the production volume
c.
When business units are too focused on achieving the standard cost, it can lead to
conservatives who do not accept the arising of new costs and the costs associated
with quality and productivity improvement, results in the decrease in competition
capacity.

d.
It is unfair to use the standard cost system to evaluate management performance in
different business units.
Phản hồi
Your answer is correct.
The correct answer is:
When business units are too focused on achieving the standard cost, it can lead to
conservatives who do not accept the arising of new costs and the costs associated
with quality and productivity improvement, results in the decrease in competition
capacity.
Câu hỏi 10
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Đoạn văn câu hỏi
Mathew Company has 2 divisions. Division X produced chips for laptops that can be
sold to Division Y or to outside customers. The management acounting department
collected following information last year.

Division A

- Capacity of chips produced 10,000 units

- Number of chips sold to outside customer 7,000 units

- Selling price/chip $100

- Variable cost/chip $40

- Total segment fixed cost $100,000

Division B

- Number of labtops sold 4,000 units

- Selling price/latop $500

- Variable cost of chip/laptop (chips bought by outside $90

suppliers)

- Additional variable cost/laptop $60

- Total segment fixed cost $500,000

Total common fixed costs $220,000

Net income for whole company is

a.
$1,220,000
b.
$800,000
c.
$900,000
d.
$1,000,000

Phản hồi
Your answer is correct.
The correct answer is:
$1,000,000
Câu hỏi 11
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Đoạn văn câu hỏi
A manager in a division has his performance measures on the basis of the amount
of profit the division makes in relation to the capital invested in the division. Which
one of the following is the manager responsible for:
a.
A revenue centre
b.
A cost centre
c.
An investment centre

d.
A profit centre
Phản hồi
Your answer is correct.
The correct answer is:
An investment centre
Câu hỏi 12
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Đoạn văn câu hỏi
Andy & Benny Corporation has two subsidiary units, Andy company and Benny
company. Andy company is producing and selling the component “A” in the market
with the selling price of $2,500 per unit, variable cost of $1,800 per unit, total fixed
cost of $3,500,000, sales volume of 10,000 units and the production capacity of
14,000 units.
Benny company processes the product “B” from the component “A” and buys the
component A on the market with a purchase price of $2,300 per unit. Benny
company is considering to buy 8,000 components “A” from Andy company with the
purchase price of $2,200 per unit.
Andy Company applies the internal transfer pricing based on market price given
that variable costs will be reduced by 10% when the component “A” is produced and
transferred internally. If the internal transferred is implemented, then
a.
The minimum transferred price is $2,150 per unit
b.
Profit of Andy company is increased by $1,840,000

c.
Profit of Andy & Benny Corporation is increased by $4,480,000
d.
Profit of Benny company is increased by $2,640,000
Phản hồi
Your answer is correct.
The correct answer is:
Profit of Andy company is increased by $1,840,000
Câu hỏi 13
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Đoạn văn câu hỏi
Andrew Corporation has the standard product cost card for a single product as
follows:

$/unit

Direct material cost 2.8 kgs at $15 per kg 42

Direct labor cost 5 direct labor-hours at $2 per direct labor- 10

hour

Variable production 2 machine-hours at $1.5 per machine-hour 3

overhead

Fixed production overehead 2 machine-hours at $6 per machine-hour 12

Total standard cost per 67

unit

In 20x0, the corporation produced 8,000 units and spent $115,000 on fixed
production overhead with 39,000 actual direct labor-hours and 18,000 actual
machine-hours worked. Its management accounting department determined the
volume variance with $4,200 (Unfavorable).
The denominator activity level used in setting the predetermine overhead rate for
the year is

a.
16,700 MH

b.
20,000 MH
c.
16,500 MH
d.
16,000 MH
Phản hồi
Your answer is correct.
The correct answer is:
16,700 MH
Câu hỏi 14
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Company AB has two segments, segment X and segment Y. Which of the following
changes will not affect their segment margin on the segment report.
a.
Increasing common fixed costs and changing allocation bases of common fixed
costs which belongs to the responsibility of the general director.

b.
Changing the internal transfer pricing method of products from division X to division
Y, specifically changing from cost-based pricing to market-based pricing.
c.
Rearranging the decentralized and hierarchical management system in the
company.
d.
Increasing the selling price and variable costs in each segment.
Phản hồi
Your answer is correct.
The correct answer is:
Increasing common fixed costs and changing allocation bases of common fixed
costs which belongs to the responsibility of the general director.
Câu hỏi 15
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Đoạn văn câu hỏi
Mickey Corporation has the budgeted information each year as follows:
- Unit sales 2,000 units
- Selling price/unit $250
- Variable cost/unit $100
- Fixed cost/unit 120
Actual information for the year 20x1 has given as follows:
- Unit sales 2,200 units
- Selling price/unit 240
- Variable cost/unit 95
- Fixed cost/unit 110
Total activity variance is

a.
40,000 U
b.
30,000 F

c.
50,000 F
d.
40,000 F
Phản hồi
Your answer is correct.
The correct answer is:
30,000 F
Câu hỏi 16
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Đoạn văn câu hỏi
Thomas Company has 2 divisions including North and South.
North Division produces part X supplying for outside customers. The data related to
part X is as follows:

Selling price/unit: $400

Variable cost/unit: $260
Total fixed cost/year: $300,000
Maximum production capacity per year: 5,800 units
Annual numbers of units sold to outside customers: 5,000 units

Annually, South Division buys 2,000 units of part X from outside suppliers for a price
of $440/unit. If South Division wishes to purchase these 2,000 units from North
Division and at that time North Division can save $10 of selling costs per unit, the
minimum internal transfer price for each unit of part X should be:
a.
$334/unit

b.
$365/unit
c.
$250/unit
d.
$400/unit
Phản hồi
Your answer is correct.
The correct answer is:
$334/unit
Câu hỏi 17
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Anthony Company has following information related to the Investment Center
managed by its manager – Kenny.

Year X Year X+1

Revenue 2,000,000 4,000,000

Variable cost to sales ratio 70% 80%

Segment fixed costs 200,000 400,000

Allocated common fixed 100,000 200,000

costs

Average total assets 2,000,000 2,500,000

Minimum desired ROI 8% 10%

Over the past two years, Kenny has

a.
contributed to an increase in the ROI of his segment by 4%
b.
caused a decrease in the residual income of his segment by $90,000

c.
contributed to an increase in the profit margin of his segment by 10%
d.
caused a decrease in the asset turnover of his segment by 0.6 rounds
Phản hồi
Your answer is correct.
The correct answer is:
caused a decrease in the residual income of his segment by $90,000
Câu hỏi 18
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Đoạn văn câu hỏi
Henry Company uses a standard cost system to plan and control the production cost
of product X in June. The standard direct materials cost for each unit of product X is
$200/unit (8 kgs/unit *$25/kg). The estimated production volume for the month is
80,000 units. In June, Henry Company bought and used 350,000 kgs of materials
with a purchase price of $28/kg to produce 70,000 units. Which of the following
statements is correct?
a.
Both activity variance and spending variance for direct material costs are favorable

b.
Activity variance for direct material costs is $2,000,000 (adverse)
c.
Spending variance for direct material costs is $4,200,000 (adverse)
d.
Total direct material cost variance (actual costs versus static budgeted costs) is
$6,200,000 (adverse)
Phản hồi
Your answer is correct.
The correct answer is:
Both activity variance and spending variance for direct material costs are favorable
Câu hỏi 19
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Đoạn văn câu hỏi
Which of the following decisions falls within the rights and responsibilities of an
investment center manager in a decentralized organization?
a.
Deciding the revenues and total costs incurred in the period at the business units.
b.
Deciding the capitals and their profitability invested in the projects of expanding
production plants

c.
Deciding the revenues and selling costs incurred in the period at the selling
department
d.
Deciding the production costs incurred in the period at the production department
Phản hồi
Your answer is correct.
The correct answer is:
Deciding the capitals and their profitability invested in the projects of expanding
production plants
Câu hỏi 20
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Đoạn văn câu hỏi
Mickey Corporation has the budgeted information each year as follows:
- Unit sales 2,000 units
- Selling price/unit $250
- Variable cost/unit $100
- Fixed cost/unit 120
Actual information for the year 20x1 has given as follows:
- Unit sales 2,200 units
- Selling price/unit 240
- Variable cost/unit 95
- Fixed cost/unit 110
Total Revenue & spending variances is
a.
11,000 F
b.
All other answer is incorrect
c.
$22,000 U
d.
13,000 U

Phản hồi
Your answer is correct.
The correct answer is:
13,000 U