2003年12月accaf2考试真题(上海交大acca).doc

Financial Information for Management PART 1 FRIDAY 5 DECEMBER 2003 QUESTION PAPER Time allowed 3 hours This paper is divided into two sections Section A ALL 25 questions are compulsory and MUST be answered Section B ALL FIVE questions are compulsory and MUST be answered Formulae Sheet, Present Value and Annuity Tables are on pages 13, 14 and 15 Section A – ALL 25 questions are compulsory and MUST be attempted Please use the Candidate Registration Sheet provided to indicate your chosen answer to each multiple choice question. Each question within this section is worth 2 marks. 1 A cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this? A A fixed cost B A variable cost C A semi-variable cost D A stepped fixed cost 2 The following quarterly adjustments have been calculated using the multiplicative model for time series analysis: Quarter 1 Quarter 2 Quarter 3 0·95 1·25 0·70 What would be the adjustment for quarter 4 to two decimal places? A 0·83 B 0·91 C 1·10 D 1·20 3 A company which uses marginal costing has a profit of ￡37,500 for a period. Opening stock was 100 units and closing stock was 350 units. The fixed production overhead absorption rate is ￡4 per unit. What is the profit under absorption costing? A ￡35,700 B ￡36,500 C ￡38,500 D ￡39,300 4 The following could relate to contract costing: (i) Work is for a period of long duration. (ii) Progress payments are amounts paid for the contract throughout the course of the contract. (iii) Architects’ certificates are provided to establish the amount of work certified. Which of the above are correct? A (i) and (ii) only B (i) and (iii) only C (ii) and (iii) only D (i), (ii) and (iii) 2 5 A company values stocks using the weighted average value after each purchase. The following receipts and issues have been made with regards to materials for the last month: Date Receipts Issues Units ￡/unit