ACCA考试F5业绩管理真题2014年12月及答案解析.doc

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1、ACCA 考试 F5 业绩管理真题 2014 年 12 月及答案解析(总分：100.00，做题时间：180 分钟)一、Section A ALL 20 q(总题数：20，分数：40.00)1.Dust Co has two divisions, A and B. Each division is currently considering the following separate projects: （分数：2.00）A.Division A onlyB.Division B onlyC.Both Division A and Division BD.Neither Division A

2、nor Division B2.The following costs have arisen in relation to the production of a product: (i) Planning and concept design costs (ii) Testing costs (iii) Production costs (iv) Distribution and customer service costs In calculating the life cycle costs of a product, which of the above items would be

3、 included?（分数：2.00）A.(iii) onlyB.(i), (ii) and (iii) onlyC.(i), (ii) and (iv) onlyD.All of the above3.Which of the following describes a basic standard within the context of budgeting?（分数：2.00）A.A standard which is kept unchanged over a period of timeB.A standard which is based on current price leve

4、lsC.A standard set at an ideal level, which makes no allowance for normal losses, waste and machine downtimeD.A standard which assumes an efficient level of operation, but which includes allowances for factors such as normal loss, waste and machine downtime4.The following statements have been made a

5、bout planning and control as described in the three tiers of Robert Anthonys decision-making hierarchy: (1) Strategic planning is concerned with making decisions about the efficient and effective use of existing resources (2) Operational control is about ensuring that specific tasks are carried out

6、efficiently and effectively Which of the above statements is/are true?（分数：2.00）A.1 onlyB.2 onlyC.Neither 1 nor 2D.Both 1 and 25.P Co makes two products P1 and P2 budgeted details of which are as follows: （分数：2.00）A.25,625 unitsB.19,205 unitsC.18,636 unitsD.26,406 units6.A company has the following p

7、roduction planned for the next four weeks. The figures reflect the full capacity level of operations. Planned output is equal to the maximum demand per product. （分数：2.00）A.D and AB.B and DC.D onlyD.B and C7.The following table shows the number of clients who attended a particular accountancy practic

8、e over the last four weeks and the total costs incurred during each of the weeks: （分数：2.00）A.7,280 + 74xB.16,080 + 52xC.3,200 + 80xD.40,000/x8.Oxco has two divisions, A and B. Division A makes a component for air conditioning units which it can only sell to Division B. It has no other outlet for sal

9、es. Current information relating to Division A is as follows: Marginal cost per unit $100 Transfer price of the component $165 Total production and sales of the component each year 2,200 units Specific fixed costs of Division A per year $10,000 Cold Co has offered to sell the component to Division B

10、 for $140 per unit. If Division B accepts this offer, Division A will be shut. If Division B accepts Cold Cos offer, what will be the impact on profits per year for the group as a whole?（分数：2.00）A.Increase of $65,000B.Decrease of $78,000C.Decrease of $88,000D.Increase of $55,0009.The following state

11、ments have been made in relation to activity-based costing: (1) A cost driver is a factor which causes a change in the cost of an activity (2) Traditional absorption costing tends to under-estimate overhead costs for high volume products Which of the above statements is/are true?（分数：2.00）A.1 onlyB.2

12、 onlyC.Neither 1 nor 2D.Both 1 and 210.A linear programming model has been formulated for two products, X and Y. The objective function is depicted by the formula C = 5X + 6Y, where C = contribution, X = the number of product X to be produced and Y = the number of product Y to be produced. Each unit

13、 of X uses 2 kg of material Z and each unit of Y uses 3 kg of material Z. The standard cost of material Z is $2 per kg. The shadow price for material Z has been worked out and found to be $280 per kg. If an extra 20 kg of material Z becomes available at $2 per kg, what will the maximum increase in c

14、ontribution be?（分数：2.00）A.Increase of $96B.Increase of $56C.Increase of $16D.No change11.The following statements have been made about both standard costing and total quality management (TQM): (1) They focus on assigning responsibility solely to senior managers (2) They work well in rapidly changing

15、 environments Which of the above statements is/are true?（分数：2.00）A.1 onlyB.2 onlyC.Neither 1 nor 2D.Both 1 and 212.The following statements have been made about environmental cost accounting: (1) The majority of environmental costs are already captured within a typical organisations accounting syste

16、m. The difficulty lies in identifying them (2) Input/output analysis divides material flows within an organisation into three categories: material flows; system flows; and delivery and disposal flows Which of the above statements is/are true?（分数：2.00）A.1 onlyB.2 onlyC.Neither 1 nor 2D.Both 1 and 213

17、.Def Co provides accounting services to government departments. On average, each staff member works six chargeable hours per day, with the rest of their working day being spent on non-chargeable administrative work. One of the companys main objectives is to produce a high level of quality and custom

18、er satisfaction. Def Co has set its targets for the next year as follows: (1) Cutting departmental expenditure by 5% (2) Increasing the number of chargeable hours handled by advisers to 62 per day (3) Obtaining a score of 47 or above on customer satisfaction surveys Which of the above targets assess

19、es economy, efficiency and effectiveness at Def Co? Economy Efficiency Effectiveness（分数：2.00）A.1 3 2B.2 1 3C.3 2 1D.1 2 314.Which of the following is an advantage of non-participative budgeting as compared to participative budgeting?（分数：2.00）A.It increases motivationB.It is less time consumingC.It i

20、ncreases acceptanceD.The budgets produced are more attainable15.The following are all steps in the implementation of the target costing process for a product: (1) Calculate the target cost (2) Calculate the estimated current cost based on the existing product specification (3) Set the required profi

21、t (4) Set the selling price (5) Calculate the target cost gap Which of the following represents the correct sequence if target costing were to be used?（分数：2.00）A.(1), (2), (3), (4), (5)B.(2), (3), (4), (1), (5)C.(4), (3), (1), (2), (5)D.(4), (5), (3), (1), (2)16.What is the name given to a budget wh

22、ich has been prepared by building on a previous periods budgeted or actual figures?（分数：2.00）A.Incremental budgetB.Flexible budgetC.Zero based budgetD.Functional budget17.Tree Co is considering employing a sales manager. Market research has shown that a good sales manager can increase profit by 30%,

23、an average one by 20% and a poor one by 10%. Experience has shown that the company has attracted a good sales manager 35% of the time, an average one 45% of the time and a poor one 20% of the time. The companys normal profits are $180,000 per annum and the sales managers salary would be $40,000 pera

24、nnum. Based on the expected value criterion, which of the following represents the correct advice which Tree Co shouldbe given?（分数：2.00）A.Do not employ a sales manager as profits would be expected to fall by $1,300B.Employ a sales manager as profits will increase by $38,700C.Employ a sales manager a

25、s profits are expected to increase by $100D.Do not employ a sales manager as profits are expected to fall by $39,90018.A company manufactures two products, C and D, for which the following information is available: （分数：2.00）A.$4384B.$4625C.$13100D.$1406419.X Co uses rolling budgeting, updating its b

26、udgets on a quarterly basis. After carrying out the last quarters update to the cash budget, it projected a forecast cash deficit of $400,000 at the end of the year. Consequently, the planned purchase of new capital equipment has been postponed. Which of the following types of control is the sales m

27、anagers actions an example of?（分数：2.00）A.Feedforward controlB.Negative feedback controlC.Positive feedback controlD.Double loop feedback control20.The following circumstances may arise in relation to the launch of a new product: (i)Demand is relatively inelastic (ii)There are significant economies o

28、f scale (iii)The firm wishes to discourage new entrants to the market (iv)The product life cycle is particularly short Which of the above circumstances favour a penetration pricing policy?（分数：2.00）A.(ii) and (iii) onlyB.(ii) and (iv)C.(i), (ii) and (iii)D.(ii), (iii) and (iv) only二、Section B ALL FIV

29、E(总题数：5，分数：60.00)Chair Co has developed a new type of luxury car seat. The estimated labour time for the first unit is 12 hours but a learning curve of 75% is expected to apply for the first eight units produced. The cost of labour is $15 per hour. The cost of materials and other variable overheads

30、is expected to total $230 per unit. Chair Co plans on pricing the seat by adding a 50% mark-up to the total variable cost per seat, with the labour cost being based on the incremental time taken to produce the 8th unit. Required:（分数：10.00）(1).(a)Calculate the price which Chair Co expects to charge f

31、or the new seat. Note: The learning index for a 75% learning curve is 0415.(5 marks)（分数：5.00）_(2).(b)The first phase of production has now been completed for the new car seat. The first unit actually took 125 hours to make and the total time for the first eight units was 343 hours, at which point th

32、e learning effect came to an end. Chair Co are planning on adjusting the price to reflect the actual time it took to complete the 8th unit. Required: (i) Calculate the actual rate of learning and state whether this means that the labour force actually learnt more quickly or less quickly than expecte

33、d. (3 marks) (ii) Briefly explain whether the adjusted price charged by Chair Co will be higher or lower than the price you calculated in part (a) above. You are NOT required to calculate the adjusted price.(2 marks)（分数：5.00）_Glam Co is a hairdressing salon which provides both cuts and treatments to

34、 clients. All cuts and treatments at the salon are carried out by one of the salons three senior stylists. The salon also has two salon assistants and two junior stylists. Every customer attending the salon is first seen by a salon assistant, who washes their hair; next, by a senior stylist,who cuts

35、 or treats the hair depending on which service the customer wants; then finally, a junior stylist who dries their hair. The average length of time spent with each member of staff is as follows: （分数：10.00）(1).(a) Briefly explain why the senior stylists time has been described as the bottleneck activi

36、ty, supporting your answer with calculations.(4 marks)（分数：5.00）_(2).(b) Calculate the throughput accounting ratio (TPAR) for cuts and the TPAR for treatments assuming the bottleneck activity is fully utilised.(6 marks)（分数：5.00）_21.The Hi Life Co (HL Co) makes sofas. It has recently received a reques

37、t from a customer to provide a one-off order of sofas, in excess of normal budgeted production. The order would need to be completed within two weeks. The following cost estimate has already been prepared: Prepare, on a relevant cost basis, the lowest cost estimate which could be used as the basis f

38、or the quotation. Explain briefly your reasons for including or excluding each of the costs in your estimate.(10 marks) （分数：10.00）_Jamair was founded in September 2007 and is one of a growing number of low-cost airlines in the country of Shania. Jamairs strategy is to operate as a low-cost, high eff

39、iciency airline, and it does this by: Operating mostly in secondary cities to reduce landing costs. Using only one type of aircraft in order to reduce maintenance and operational costs. These planes are leased rather than bought outright. Having only one category of seat class. Having no pre-allocat

40、ed seats or in-flight entertainment. Focusing on e-commerce with customers both booking tickets and checking in for flights online. The airline was given an on time arrival ranking of seventh best by the countrys aviation authority, who rank all 50 of the countrys airlines based on the number of fli

41、ghts which arrive on time at their destinations. 48 Jamair flights were cancelled in 2013 compared to 35 in 2012. This increase was due to an increase in the staff absentee rate at Jamair from 3 days per staff member per year to 45 days. The average ground turnaround time for airlines in Shania is 5

42、0 minutes, meaning that, on average, planes are on the ground for cleaning, refuelling, etc for 50 minutes before departing again. Customer satisfaction surveys have shown that 85% of customers are happy with the standard of cleanliness on Jamairs planes. The number of passengers carried by the airl

43、ine has grown from 300,000 passengers on a total of 3,428 flights in 2007 to 920,000 passengers on 7,650 flights in 2013. The overall growth of the airline has been helped by the limited route licensing policy of the Shanian government, which has given Jamair almost monopoly status on some of its ro

44、utes. However, the government is now set to change this policy with almost immediate effect, and it has become more important than ever to monitor performance effectively. Required:（分数：15.00）(1).(a) Describe each of the four perspectives of the balanced scorecard. (6 marks)（分数：7.50）_(2).(b) For each

45、 perspective of the balanced scorecard, identify one goal together with a corresponding performance measure which could be used by Jamair to measure the companys performance. The goals and measures should be specifically relevant to Jamair. For each pair of goals and measures, explain why you have c

46、hosen them.(9 marks)（分数：7.50）_The Safe Soap Co makes environmentally-friendly soap using three basic ingredients. The standard cost card for one batch of soap for the month of September was as follows: （分数：15.00）(1).(a) Calculate the total material mix variance and the total material yield variance

47、for September.(8 marks)（分数：7.50）_(2).(b)In October the materials mix and yield variances were as follows: Mix: $6,000 adverse Yield: $10,000 favourable The production manager is pleased with the results overall, stating: At the beginning of September I made some changes to the mix of ingredients used for the soaps. As I expected,the mix variance is adverse in both months because we havent yet updated our standard cost ca