UEH Trắc nghiệm kế toán quản trị 2 CLC

1.
#MC#

Which of the following statements is true for budgeting?
Establishing plans and actions; a system of resource allocation; and a base of risk
identification, operational coordination and business performance measurement and
evaluation as well.
Determining resources and how to use the resources in a firm’s production and business
activities in each period
Determining the revenues, expenses and operating profits of a firm in each period
Determining the cash inflow and cash outflow of a firm in each period

2.
#MC#

Johnny Company, a retailer, is preparing budgets for the year ended December 20x1.
Budgeted sales volumes for the first 8 months of the year are as follows:
Month
Sales volume
Month
Sales volume
(units)
(units)
January
2,000
May
7,000
February
3,000
June
8,000

March
5,000
July
9,000
April
6,000
August
10,000
All sales are on account with 50% collected in the month of sale, 30% collected in the
month following sale and 20% collected in the next month following sale. The unit selling
price is estimated to be $2,000 during the year. Which of the following statements is true?
Expected cash collection in March will be $5,000,000
Expected cash collection in April will be $9,000,000
Expected cash collection in May will be $12,600,000
Expected cash collection in June will be $12,200,000

Mar: 2,000*0.2 + 3,000*0.3 + 5,000*0.5 = 7,600,000
April: 3,000*0.2 + 5,000*0.3 + 6,000*0.5 = 10,200,000
May: 5,000*0.2 + 6,000*0.2 + 7,000*0.5 = 12,600,000
June: 6,000*0.2 + 7,000*0.3 +8,000*0.5 = 14,600,000
3.
#MC#

Miller Corporation, a manufacturer, is preparing budgets for the year ended December
20x1. Budgeted sales volumes for the first 8 months of the year are as follows:
Month
Sales volume
Month
Sales volume
(units)

(units)
January
2,000
May
7,000
February
3,000
June
8,000
March
5,000
July
9,000
April
6,000
August
10,000

The management at Miller wants finished goods inventory at the end of each month to be
equal to 10% of the following month’s budgeted sales volume. Which of the following
statements is true?
Finished goods inventory at the beginning and ending of the second quarter are 2,100
units and 2,400 units respectively
The number of units need to be produced in April is 6,100 units
The number of units need to be produced in May is 7,800 units
The number of units need to be produced in June is 8,900 units
a) Beginning inv of 2nd quarter = beg inv of april = end inv of mar = 10%*sales volume of april
= 10%*6000 = 600 units
b) Unit produced = total needs – beginning inv = units for sales + units for ending – beginning inv
= 6000 + 10%*7000 – 10%*6000 = 6100 units

Beginning of april = ending of march = 10%*6000
c) 7000 + 10%*8000 – 10%*7000 = 7100 units
d) 8000 + 10*9000 – 10%*8000 = 8100 units
4.
#MC#

Wonderland Corporation manufactures a single product and has budgeted production
volume of this product over the next 6 months as follows:


Month

Production
Month
Production
volume (units)
volume (units)
March
2,100
June
5,100
April
3,100
July
6,100
May
4,100
August
7,100
Standard direct material cost is 5 kgs/unit x $20/kg. Past experience has shown that

materials on hand at the end of each month equal to 10% of materials required for the
following month’s production. Which of the following calculation is true?
Materials on hand at the beginning of the second quarter is 6,150 kgs
Materials on hand at the ending of the second quarter is 7,650 kgs
Materials need to be purchased in the second quarter is 61,500 kgs.
Materials need to be purchased in the second quarter is 63,000 kgs.
a) materials beginning april = materials ending Mar = 10%*materials needed for production of april
= 10%*3100u*5kg/u = 1550 kgs
b) materials ending june = 10%*6100u*5kg/u = 3050 kgs
c) materials purchased in 2nd quarter
= materials needed for production pf 2nd Q - materials ending 2nd Q + materials beginning 2nd Q
= (3100 + 4100 + 5100)u*5kg/u – 1550 + 3050 = 63000 kgs => D
5.
#MC#

Sandy Corporation is preparing the budgeted revenues and costs for the year ended
December 20x2 as follows:

Month
Revenues ($)
Costs ($)
March
5,000,000
2,000,000
April
7,000,000
3,000,000
May
6,000,000
5,000,000

June
8,000,000
6,000,000
All sales are on account with 30% collected in the month of sale and 70% collected in the
month following sale.
The cost incurred in a month has the cash outflow in the month and the next month is 60%
and 20% respectively.
Assume that the company does not have any cash at the beginning of a month. Choose the
correct answer:
Expected cash collection in May is $4,900,000
Expected cash disbursement in May is $3,000,000
Total cash excess in May is $1,900,000
Total cash excess in May is $3,100,000
Cash collection in May = 70%*7,000,000 + 30%*6,000,000 = 6,700,000 => A sai
Cash disbursement in May = 20%*3,000,000 + 60%*5,000,000 = 3,600,000 => B sai
Cash excess in May = cash available - Cash disbursement = beg cash + cash collection - Cash disbursement
= (0 + 30%*6,000,000 + 70%*7,000,000) – (20%*3,000,000 + 60%*5,000,000) = 3,100,000 => C sai, D correct
6.
#MC#

Which of the following statements shows the difference between a flexible budget and a
static budget?
Differences in resources estimated to use for production and business activities
Differences in standard cost used to estimate total production and operating costs
Differences in the approach to estimate the operating profit
Differences in the level of activities used to estimate resources, costs and operating profits

#MC#

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?
Activity variance for direct material costs is $2,000,000 (adverse)
Spending variance for direct material costs is $4,200,000 (adverse)
Total direct material cost variance (actual costs versus static budgeted costs) is $6,200,000
(adverse)
Both activity variance and spending variance for direct material costs are favorable

7.


activity variance = flexible budget – static budget
= 70000u*8kg*$25 – 80000u*8kg*$25 = -2,000,000 (F)
b) spending variance = actual result - flexible budget
= 350,000kg*$28/kg - 70000u*8kg*$25 = -4,200,000 (F)
c) total variance = -2,000,000 (F) + -4,200,000 (F) = -6,200,000 (F) => D correct
a)

8.
#MC#

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?
It is difficult for business units to attain the standard cost when they have to adjust to
increase the production volume
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.

It is unfair to use the standard cost system to evaluate management performance in different
business units.
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.

9. chapter 3
#MC# 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?
Quantity variance of direct material cost is $40,000 (unfavorable)
Price variance of direct material cost is $24,000 (unfavorable)
Total direct material cost variance is $16,000 (favorable)
All variance of direct material cost including quantity variance, price variance and total
variance are favorable
Quantity variance = (48,000m – 8,000u*5m/u)*$55/m = $40,000 (U) = (AQ – SQ)*SP
Price variance = 48,000m*($4.5/m - $5/m) = $-24,000 (F) = AQ*(AP - SP)
Total variance = $40,000 (U) + $-24,000 (F) = $16,000 (U)
10.
#MC#

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?
Direct material cost variance due to the change in production volume is adverse with the

increase in direct material cost of $2,000,000
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
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
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
a) activity variance = (60,000u – 80,000u)*$4m/u*$25/m = -2,000,000 (F) (CHAPTER 2)
b) spending variance = actual cost – flexible budget cost (chap2)
= actual units*(actual cost/u – standard cost/u)
= 60,000u*(5m/u - $4/m*$25/m) = 2,400,000 (U)
c) quantity variance = (AQ – SQ)*SP = (300,000m – 60,000u*4m/u)*$25/m = 1,500,000 (U)
d) price variance = AQp*(AP – SP) = 400,000*(28-25) = 1,200,000 (U)
AQp : materials purchased

11.
#MC#

Which of the following decisions falls within the rights and responsibilities of an
investment center manager in a decentralized organization?
Deciding the production costs incurred in the period at the production department


Deciding the revenues and selling costs incurred in the period at the selling department
Deciding the revenues and total costs incurred in the period at the business units.
Deciding the capitals and their profitability invested in the projects of expanding production
plants
12.
#MC#

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.
Increasing the selling price and variable costs in each segment.
Rearranging the decentralized and hierarchical management system in the company.
Changing the internal transfer pricing method of products from division X to division Y,
specifically changing from cost-based pricing to market-based pricing.
Increasing common fixed costs and changing allocation bases of common fixed costs
which belongs to the responsibility of the general director.

13.
#MC#

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 costs
100,000
200,000
Average total assets
2,000,000

2,500,000
Minimum desired ROI
8%
10%
Over the past two years, Kenny has
contributed to an increase in the profit margin of his segment by 10%
caused a decrease in the asset turnover of his segment by 0.6 rounds
contributed to an increase in the ROI of his segment by 4%
caused a decrease in the residual income of his segment by $90,000
a) profit margin = segment margin/sales revenue
year X = (2,000,000*30% - 200,000)/2,000,000 = 20%
year X+1 = (2,500,000*20% - 400,000)/4,000,000 = 10%
b) assest turnover (X) = 2,000,000/2,000,000 = 1
assest turnover (X+1) = 4,000,000/2,500,000 = 1.6
c) ROI (X) = segment margin/investment = (CM – segment FC)/ investment
= (2,000,000*30% - 200,000)/2,000,000 = 20%
ROI (X+1) = (4,000,000*20% - 400,000)/2,500,000 = 16%
d) RI = = (2,000,000*30% - 200,000 – 8%*2,000,000) = 240,000
RI = (4,000,000*20% - 400,000 – 10%*2,500,000_ = 150,000

14.
#MC#

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%.
The plan will cause a decrease in the company's current ROI
By applying that plan, the company can not achieve an increase in ROI by 5%
By applying that plan, the company can achieve an increase in ROI by 5%
By applying that plan, the company can achieve an increase in ROI beyond 5%

ROI current = (10,000 units*($4,000 - $3,200) - $6,000,000)/ $20,000,000 = 10% (profit/investment)
ROI new = [10,000 units*1.3*($4,000*1.08 - $3,200*1.1) - $6,000,000*1.2]/($20,000,000*1.25) = 12.8%
=> Increase 2.8%


15.
#MC#

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
The minimum transferred price is $2,150 per unit
Profit of Andy company is increased by $1,840,000
Profit of Benny company is increased by $2,640,000
Profit of Andy & Benny Corporation is increased by $4,480,000
a) minimum price = VC/u + opportunity cost
= 1800*0.9 + [(8000u – 4000u)*(2500 – 1800)]/8000 = $1,970 per unit
b) maximum price = market price = $2,300
The increase in profit of Andy = ($2,200/u – $1,970/u)*8,000u = $1,840,000
c) The increase in profit of Benny = (2,300 – 2,200)*8,000 = $800,000
d) Total company profit increased = $1,840,000 + $800,000 or (2300 – 1970)*8000

16.
#MC#

Supply chain is defined as
the association of all enterprises providing products and services
the association of all enterprises consuming products and services
the association of all enterprises directly meeting the customers’ needs
the association of all enterprises directly and indirectly meeting the customers’ needs

17.
#MC#

Sammy Company is considering to choose one of two raw material suppliers, Anthony
supplier and Ben supplier, based on the information as follows:
Anthony supplier
Ben supplier
Total units of materials purchased

1,000 units
2,000 units
Purchase price per unit
$2,500/unit
$2,000/unit
Supplier activity costs
- At unit level
$2,000,000
$4,000,000
- At order level
$1,000,000
$3,000,000
- At supplier level
$2,000,000
$5,000,000
Supplier Performance Index (SPI) of Anthony Supplier is 0.50.
Supplier Performance Index (SPI) of Anthony Supplier is higher than that of Ben
Supplier.
The cost of owner ship per 1 dollar of material purchase price from Anthony Supplier is 3.
The cost of owner ship per 1 dollar of material purchase price from Anthony Supplier is
higher than that from Ben Supplier.
a) SPI Anthony = total Supplier activity costs/purchasement
= ($2,000,000 + $1,000,000 + $2,000,000)/(1,000 units*$2,500/unit)
b) SPI Ben = ($4,000,000 + $3,000,000 + $5,000,000)/(2,000 units*$2,000/unit) = 3
c and d) = total cost of ownership/ purchasement
An: ($2,000,000 + $1,000,000 + $2,000,000 + 1,000 units*$2,500/unit)/(1,000 units*$2,500/unit) = 3
Ben: ($4,000,000 + $3,000,000 + $5,000,000 + 2,000 units*$2,000/unit)/(2,000 units*$2,000/unit) = 4
=> D sai
18. D
#MC#

ABC Company has 3 factories, namely Factory A, B and C. Below is the information
related to each factory.
Factory A
Factory B
Factory C
Wait time
10
30
20
Process time
10
18
14
Inspection time
7
6
6
Move time
5
6
16


Queue time

18

20

14

Which of the following statements is correct with the above data?
Throughput (/manufacturing cycle) time of Factory A is highest.
Delivery cycle time of Factory A is highest.
Manufacturing cycle efficiency (MCE) of Factory A is lowest.
The ratio of Non-value-added time on delivery cycle time of Factory A is lowest.
1) Throughput time = Inspection time + Process time + Move time + Queue time
Factory A: 7 + 10 + 5 + 18 = 40 (hours)
Factory B: 50 hours
Factory C: 50 hours => A sai
2) Delivery cycle time = wait time + throughput time
Factory A: 40 + 10 = 50 (hours)
Factory B: 80 hours
Factory C: 70 hours => B sai

MCE =

Value-added time
Throughput time

3) Value-added time = process time
Factory A: 10/40 = 25%
Factory B: 18/50 = 36%
Factory C: 14/70 = 28% => C đúng
1) Non value-added time = Wait time + Inspection time + Move time + Queue time
Factory A: 40/50 = 0.8
Factory B: 62/80 = 0.775
Factory C: 56/70 = 0.8
19.

#MC#

20.
#MC#

Which of the following statements is a definition of quality under the customers’
perspective?
Quality is defined as the technical standards designed to best meet customers’ needs at an
acceptable price.
Quality is defined as the conformance to specifications at acceptable costs.
Quality is defined as the technical standards designed to best meet customers’ needs at an
acceptable price and the conformance to specifications at acceptable costs.
Quality is defined as the technical standards to ensure firm achieve the highest profit.

In order to provide information for quality management, managerial accountants of ABC
company have collected detailed information on quality costs over the past 2 years as follows:
Cost of quality planning
Cost of inspecting materials
Cost of inspecting finished goods
Cost of assessing the spoilage
Cost of downtime for repairing the spoilage
Cost of warranty claims
Cost of processing customer complains
Cost of quality reporting

Year X ($)
500,000
1,000,000
1,000,000
200,000

1,600,000
2,500,000
2,700,000
500,000

Year X+1 ($)
4,000,000
1,500,000
2,000,000
200,000
800,000
200,000
800,000
900,000

Which of the following statements is correct with the above data?
In year X, prevention costs accounted for 5% of total quality cost.
Over the past 2 years, prevention costs decreased in value and proportion.
Over the past 2 years, appraisal cost decreased in value and proportion.
Over the past 2 years, reasonable costs tended to increase and failure costs tended to decrease.
prevention: quality training, quality reporting: (500+500)/10,000 = 10%
appraisal: inspecting materials, inspecting finished goods
internal failure: assessing the spoilage; dowtime for repairing the spoilage
external failure: Warranty claims; processing customer complains;


b) Prevention cost: increase
c) Appraisal cost: increase
d) Reasonable cost = prevention + appraisal: increase
Failure cost = internal + external: decrease

1. Company VP has the optimal order quantity EOQ is 1,600 products, the cost of inventory
for each product is 5,000 VND/product/month. The annual production demand is 48,000
units. VP company's cost per order is:
a.1.600.000đ
b.1.333.333đ
c.160.000đ
d.133.333đ
2. The analysis cost to find the cause of product failure belongs to which of the following
cost categories:
a.Prevention cost
b.Internal failure costs
c.Appraisal cost
d.Conformance cost
3. The accounting department of company P recorded the company's operating data for
the previous year as follows: Revenue 600,000,000 VND, Return on Investment 20%,
Equity 240,000,000 VND, Net profit 80,000,000 VND. What is the residual income when the
minimum desired rate of return is 12% of company P?
a.51.200.000đ
b.39.000.000đ
c.32.000.000đ
d.68.480.000đ
RI = NIC-(AVG*MINI)
4. Company A has a fixed manufacturing overhead standard at 1.3 hours/product, a
standard rate of VND 50,000/machine hour at an output level of 8,000 products. Actual
figures arising in the year are as follows: 8,100 products are produced, the number of
production machine hours is 10,500 hours with a total cost of 475,000,000 VND, the
company allocates general production overheads according to the number of direct
labor hours. The production volume variance in the fixed manufacturing overheads is:
a.5.062.500 (U)

b.6.500.000đ (F)
c.5.062.500 (F)
d.6.500.000đ (U)
Production Volume Variance = (Actual Production – Budgeted Production) * Budgeted
Overhead Cost Per Unit=(8100-8000)*1.3*5000
5. VP Company has a division report showing the management results of related
departments as follows:

VP company

Department A

Department B

Revenue

10.000

6.000

4.000

Variable cost

6.000

4.000

2.000

2.000

1.000

1.000

Common fixed cost

1.400

800

600

Average

10.000

5.000

4.000

Controllable

fixed

cost

operating

asset

Company and Department A’s ROI is:
a.Company 6%, Department A 4%
b.Company 20%, Department A 20%
c.Company 20%, Department A 4%
d.Company 6%, Department A 20%
6. Company P sells a product with an inventory level at the end of each month of 20% of
the following month's sales. Expected sales for the months of Q4 are as follows: 50,000
units sold in October, 90,000 units sold in November, and 80,000 units sold in December.
The number of products to be produced in November is:


a.96,000
b.88,000
c.68,000
d.106,000
90+0.2*80-0.2*90
7. The accounting department of company P recorded the company's operating data for
the previous year as follows: Revenue 600,000,000 VND, Average operating assets
300,000,000 VND, Equity 240,000,000 VND, Net Profit 75,000,000 VND, Residual income
39,000,000 VND. What is company P's profit-to-sales ratio?
a.13%
b.6.5%
c.12.5%
d.25%
Profit Margin = Net Profits (or Income) / Net Sales (or Revenue)
8. Price variance of direct materials costs is unfavorable, possibly due to:
a.The supplier has the advantage in negotiating the price of raw materials for the company

b.All is wrong
c.There is a sudden increase in supply in the raw material market
d.All are correct
9. Company A has a variable manufacturing overhead standard time of 1.3
hours/product, a standard price of VND 30,000/machine hour at an output level of 8,000
products. Actual figures arising in the year are as follows: 8,100 products are produced,
the number of production machine hours is 10,500 hours with a total cost of VND
320,000,000, the company allocates general production costs according to the number
of direct labor hours. The productivity variance of the variable manufacturing overhead
is:
a.3.037.500 (F)
b.3.037.500 (U)
c.900.000đ (F)
d.900.000đ (U)


10.Company A has a fixed manufacturing overheads at 1.3 hours/product, a standard
rate of VND 50,000/machine hour at an output level of 8,000 products. Actual figures
arising in the year are as follows: 8,100 products are produced, the number of production
machine hours is 10,500 hours with a total cost of 475,000,000 VND, the company
allocates general production overheads according to the number of direct labor hours.
The budget variance in the fixed manufacturing overheads is:
a.66.950.000đ (U)
b.66.950.000đ (F)
c.45.000.000 (U)
d.45.000.000 (F)
11. Static planning budget:
a.Needs to be compared with actual results to evaluate cost effectiveness
b.Only valid/valid at one activity level
c.Is the best tool that managers use to make spending plans

d.Needs to be compared with flexible budgeting to evaluate cost effectiveness
12. The accounting department of company P recorded the company's operating data for
the previous year as follows: Revenue 600,000,000 VND, Average operating assets
300,000,000 VND, Equity 240,000,000 VND, Net Profit 75,000,000 VND, Residual income
39,000,000 VND. What is Company P's return on investment?
a.25%
b.13%
c.6.5%
d.12.5%
13. The productivity variance of manufacturing overhead is unfavorable indicating that:
a.Actual total fixed manufacturing overhead exceeds the budget
b.Actual variable manufacturing overhead exceeds the budget
c.Time to use the machine to produce 1 unit of actual product is higher than the standard
d.The production department did not complete the number of products produced
according to the estimate
14. Which of the following are considered to be purposes of budgeting?


(1) Planning (2) Expansion (3) Performance evaluation (4) Resource allocation

a.(1), (2), and (3)
b.(1), (3), and (4)
c.(1), (2), and (4)
d.(4) only
15. At VP company, the total quality management team has determined the average lead
time for production as follows: Wait time: 1.2 days, Process time: 0.8 days, Inspection
time: 0.3 days, Move time: 2.5 days, Queue time: 5.0 days. Determine the duration of a
manufacturing cycle.
a.7.3 days
b.9.5 days

c.9.8 days
d.8.6 days
16. variance of direct materials costs is unfavorable, possibly due to:
a.All are correct
b.All is wrong
c.Production department has been inefficient
d.The material purchasing department has purchased raw materials in very low quantities
in order to keep the inventory of raw materials to a minimum.
17. Which of the following responsibility centers is a profit center:
a.Product Brand
b.Online distribution channel
c.All are correct
d.Sales agent/ Retail store
18. The production manager's controllable costs are:
a.Machine maintenance cost
b.Cost of purchasing raw materials
c.It's all wrong


d.Wages of workers are decided by superiors
19. The purpose of flexible budgeting is to:
a.Remove expense items not controlled by management from income statements
b.Reduce conflicts between functional departments in the enterprise during the estimation
process
c.Adjust static estimates to actual activity levels
d.Allows managers to reduce adverse cost variance between actual and estimated costs
20.VP Company has a cost of ordering raw materials of 400,000 VND each time, storage
cost per kg of raw materials is 4,000 VND/kg/month. The annual material demand is
21,600 kg. To minimize inventory-related costs, VP company's total annual cost of
carrying inventory is:

a. 14.400.000đ
b. 1.200.000đ
c. 1.036.800.000đ
d. 86.400.000đ
21. The accounting department of company P recorded the company's operating data for
the previous year as follows: Revenue 600,000,000 VND, Average operating assets
300,000,000 VND, Equity 240,000,000 VND, Net Profit 75,000,000 VND, Residual income
39,000,000 VND. What is Company P's minimum required return on investment?
a.15%
b.12%
c.1.5%
d.1.2%
22. Company B specializes in manufacturing and trading a type of product K. Expected
production quantity for May: 6,200 products, June: 6,400 products. According to the norm,
for each production of 1 product K, 4 kg of raw materials R will be required. Company B's
inventory policy of raw materials R is: the amount of raw material in inventory at the end of
each month is equal to 20% of the demand for material used for production in the next
month. The demand for material R to be purchased in May is (notice the inventory at the
beginning of the month):
a.29.920 kg


b.29.640 kg
c.24.960 kg
d.25.600 kg
23. The accounting department of company P recorded the company's operating data
for the previous year as follows: Revenue 600,000,000 VND, Return on Investment 15%,
Equity 240,000,000 VND, Net profit 80,000,000 VND. What is company P's asset turnover?
a. 1.125
b. 0.307

c.0.92
d.0.45
asset turnover=net sales/average total asset
24. Which of the following is true of a just-in-time inventory management system:
a.It's all wrong
b.Create higher quality products
c.All are correct
d.Order-based production of goods
25. Company C reported material price variance as favorable and material quantity
variance as unfavorable. Based on these variances, which of the following conclusions is
true:
a.All are incorrect
b.All are correct
c.Actual material price is less than the standard price
d.The amount of raw material used is less than the amount purchased
26. The management accountant explained to the director that, in the market economy,
the annual operating budget system is built starting from:
a.Production budget.
b.Business performance budget.
c.Revenue budget.
d.Budget of assets and capital sources.


27. Statistical process control costs fall into which of the following cost categories:
a.Appraisal cost
b.Prevention cost
c.Nonconformance cost
d.Internal failure costs
28. The basic difference between static and flexible budget is:
a.Flexible budget allows to accept errors when achieving goals, static budget only accept

absolute accuracy
b.Flexible budget only considers variable costs, static budget considers all costs
c.Static budgets are made based on a specific level of activity; flexible budgets are made
for all levels of activity within the appropriate range.
d.Static budget is made for all production activities, flexible budget is only applied to a
single part.
29. Company A has a variable manufacturing overhead standard time of 1.3
hours/product, a standard price of VND 30,000/machine hour at an output level of 8,000
products. Actual figures arising in the year are as follows: 8,100 products are produced,
the number of production machine hours is 10,500 hours with a total cost of VND
320,000,000, the company allocates general production costs according to the number
of direct labor hours. The price variance of variable manufacturing overhead is:
a.5.000.000đ (U)
b.5.330.000 (F)
c.5.330.000 (U)
d.5.000.000đ (F)
30.Company A has a norm of direct materials of 0.75kg/product, a standard price of VND
200,000/kg at an output level of 8,000 products. Actual figures arising during the year
are as follows: 8,200 products were produced, the amount of direct materials purchased
was 7,900kg with a total purchase cost of 1,568,150,000 VND, the amount of raw materials
consumed was 6,070. The quantity variance of raw material cost is:
a.303.500.000đ (U)
b.354.150.000đ (U)
c.303.500.000đ (F)


d.16.000.000đ (F)

Sales budget => production budget => DM budget => DL budget => Budgeted MOH costs => Ending
finished goods inventory budget => Selling and administrative budget => Cash budget => Budgeted

income statement => Budgeted balance sheet

70% credit sale sẽ nhận được tháng tiếp theo, phần còn lại nhận được ở tháng thứ 2.
=> Jan 31: 40,000

Beginning unit in Feb = Ending unit in Jan = 40%*700 = 280.
Unit produced = Unit sold + end - beg = 700 + 40%*1700 - 280 = 1100.
=> Square feet of glass = 1100*8 = 8,800


Credit sales in Dec = 60%*30,000 = 18,000
Credit sales in Jan = 60%*40,000 = 24,000; Credit sales in Feb = 60%*37,500 = 22,500
Cash collected in Feb = cash in Feb + credit sales of Jan, Feb
= 40%*37,500 + 50%*22,500 + 45%*24,000 = 37,050

Unit produced = unit sold + end - beg = 5000 + 80%*4000 - 1000 = 7200

20,000*8.2*1.1 = $180,400

= credit sale in March + 30% credit sales in Feb = 60,000 + 30%*50,000 = 75,000


purchased = sell + end - beg = 15,000 + 2000 - 2500 = 14,500

= 3*6000 + 66000 = $84,000

CHAPTER 2

(AP - SP)*AQ = price variance

MPV = AQ (AP - SP); LEV =
SR(AH - SH); MQV = SP(AQ SQ)
Poor quality => AQ used higher,
AH higher


LRV = AH*(AR - SR)
= 5400*(85860/5400 - 15,45) = 2430 (U)

LRV = AH*(AR-SR) = 13450*(159786/13450 - 12) = 1614F
LEV = SR*(AH - SH) = 12*(13450 - 3350*4) = 600U

Fixed overhead budget variance = Actual fixed overhead - Budgeted fixed overhead
= 8780 - 10600 = 1820F
VMRV = AH*(AR - SR) = 990*(3380/990 - 3.3) = 113 U
=> Total spending overhead cost = -1820 + 113 = $1707 F

VMRV=AH*(AR - SR) = 11100*(28194/11100 - SR) = 1887 => SR = $2.37, mà chọn 2.35…
What would have been the activity variance for the total overhead cost?
VMEV = SR*(AH - SH) = 3.3*(990-1080) = 297F
What would have been the total spending and activity variance for the total overhead cost?
cộng 2 câu trước: 297 + 1707 = 2004F

CHAPTER 4


Transfer pricing = Variable cost - variable sales commission + opportunity cost
= 8-2+(30-8)= 28 > mua ngoài => k nên internally transfer => D

C

RI = Net operating income - ( average operating asset x minimum RRR)
AOA x 10% = 150,000 => AOA = 1,500,000


Vì transfer internally nên bỏ mất 5000 units bán ra ngoài
Transfer pricing min = VC/unit + opportunity cost
= 30 + (50-30)*5000/10000 = 40 (B cần 10000 nhưng A chỉ free capacity 5000)
=> Saving cost = income increases = (48-40)*10000 = 80000

Net operating income = revenue - cost = 20,000 - 15,800 = 4,200
RI = net OI - average asset*minimum required rate of return = 4,200 - 30,000*12% = 600
=> chấp nhận => Chọn B
Rate of return of new investment = ROI = (20,000-15,800)/30,000 = 14%
Minimum rate of return = 15% - 3% = 12%
Current ROI = 15%
Nếu so sánh theo ROI, vì 14% < 15% => Loại => C, D sai
Nếu so sánh theo RI, vì 14% > 12% => Nhận
- evaluated based on ROI, managers will reject any project that have rate of return below current ROI (
Don't care if the rate of return is higher than the minimum rate of return)


- evaluated based on RI, managers will accept any project that has rate of return higher than the
minimum rate of returns

Segment margin = CM - segment fixed cost = 200 - 50 - 80 = 70

CHAPTER 5

căn (2x5400x10) chia 1,2

Cộng tất cả cost liên quan đến Tony vào ra 288800/(1000*60) = 4.813
Supplier performance index = (purchased price + nonperformance price)/ purchased price

high cost customer:
- large amount of post sales support
- customized delivery
- small order quantities


Order quantity = EOQ
Total cost = annual requirement/order quantity*cost per order + order quantity/2*holding cost
= 5400/300*10 + 300/2*1.2 = 360


Cộng các cost lại + purchase price
= 288800 + 60*1000 = 348800/1000 = 348.8/u

= Inventory used per period*order lead time
= 5400/12/2 = 900


CHAPTER 6

(120+40)/2520 = 6,4%
% prevention cost = 5.5%
% external failure cost = 60%
appraisal cost:
prevention cost: 110

External failure cost: 1500
- inspecting finished goods: 120 - quality engineering 70
- warranty claims 100
- test equipment: 40
- quality improvement plans 40 - lost CM ... sales 1400
In order to reduce total quality cost, the company should focus more on
total failure cost = 2100 (83%) = 600 + 1500
Total prevention and appraisal cost = 420 (17%) = 160 + 260
prevention và appraisal quá thấp, phải focus vô 2 này mới giảm đc total quality cost.