These are ACCA F2 (MA/FMA) Management Accounting MCQs for Part-C of the Syllabus “Cost accounting methods and systems”.

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have learned and finished the entire F2 (MA/FMA) Management Accounting Chapter 9a – Job, batch and service costing and Syllabus Area Part-C “Cost accounting methods and systems”.

All the questions are compulsory, so do not skip any.

INFORMATION ABOUT THESE CBE MCQs Test/Quiz

Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Management Accounting
Paper: F2 – MA/FMA
Chapter: Job, batch and service costing
Chapter Number: 9a of the Practice and Exam Kit
Syllabus Area: C – Cost accounting methods and systems
Questions Type: CBE MCQs
Exam Section Type: Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part C of the Syllabus; Cost accounting methods and systems of ACCA F2 (MA/FMA) Management Accounting Module.

Time

These multiple-choice questions (MCQs) are not timed, allowing students to solve them without feeling any pressure and to pay proper attention to the questions.

Result

Students can see their result at the end of the Quiz. They can also be able to see the number of correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seem correct/ or incorrect to you, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop-down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

Keywords

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F2 - Chapter 9a - Part A - MCQs

Course: ACCA - FIA
Subject: F2 (MA/FMA) Management Accounting
Chapter: 9a - Job, batch and service costing
Syllabus Area: C - Cost accounting methods and systems
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

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REQUEST

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1 / 15

The following information is available for a hotel company for the latest thirty day period.

Number of rooms available per night	40
Percentage occupancy achieved	65%
Room servicing cost incurred	$3,900

What was the room servicing cost per occupied room-night last period, to the nearest cent? (to two decimals)

2 / 15

Which of the following would be appropriate cost units for a passenger coach company?

Vehicle cost per passenger-kilometre
Fuel cost for each vehicle per kilometre
Fixed cost per kilometre

(ii) and (iii) only

(i) only

(i) and (ii) only

(i) and (iii) only

3 / 15

A firm makes special assemblies to customers' orders and uses job costing.

The data for a period are:

	Job number AA10 $	Job number BB15 $	Job number CC20 $
Opening WIP	26,800	42,790	0
Material added in period	17,275	0	18,500
Labour for period	14,500	3,500	24,600

The budgeted overheads for the period were $126,000.
Job number BB15 was completed on the last day of the period.

What overhead should be added to job number CC20 for the period?

$_______

4 / 15

A firm makes special assemblies to customers' orders and uses job costing.

The data for a period are:

	Job number AA10 $	Job number BB15 $	Job number CC20 $
Opening WIP	26,800	42,790	0
Material added in period	17,275	0	18,500
Labour for period	14,500	3,500	24,600

The budgeted overheads for the period were $126,000.
Job number BB15 was completed on the last day of the period.

What was the approximate value of closing work-in-progress at the end of the period?

$_______

$227,675

$217,323

$58,575

$101,675

5 / 15

Last year, Bryan Air carried excess baggage of 250,000 kg over a distance of 7,500 km at a cost of $3,750,000 for the extra fuel.

What is the cost per kg-km?

$0.002 per kg-km

$2.00 per kg-km

$500.00 per kg-km

$33.33 per kg-km

6 / 15

The following information relates to a management consultancy organisation:

	$
Salary cost per hour for senior consultants	40
Salary cost per hour for junior consultants	25
Overhead absorption rate per hour applied to all hours	20

The organisation adds 40% to total cost to arrive at the final fee to be charged to a client.

Assignment number 789 took 54 hours of a senior consultant's time and 110 hours of junior consultants' time.

What is the final fee to be charged for Assignment 789?

$12,642

$11,466

$10,696

$6,874

7 / 15

Annie is to set up a small hairdressing business at home. She anticipates working a 35-hour week and taking four weeks' holiday per year. Her expenses for materials and overheads are expected to be $3,000 per year, and she has set herself a target profit of $18,000 for the first year.

Assuming that only 90% of her working time will be chargeable to clients, what price should she charge for a 'colour and cut' which would take 3 hours?

$41.67

$37.50

$13.89

$35.71

8 / 15

Which of the following are likely to use service costing?

A college
A hotel
A plumber

(i), (ii) and (iii)

(ii) only

(i) and (ii)

(ii) and (iii) only

9 / 15

A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a mark up. Job number Y256 was sold for $1,690 and incurred overheads of $694.

What was the prime cost of the job?

$_______

10 / 15

A company operates a job costing system. Job number 1012 requires $45 of direct materials and $30 of direct labour. Direct labour is paid at the rate of $7.50 per hour. Production overheads are absorbed at a rate of $12.50 per direct labour hour and non-production overheads are absorbed at a rate of 60% of prime cost.

What is the total cost of job number 1012?

$_______

11 / 15

A company operates a job costing system.

The estimated costs for job 173 are as follows.

Direct materials	5 metres @ $20 per metre
Direct labour	14 hours @ $8 per hour

Variable production overheads are recovered at the rate of $3 per direct labour hour.

Fixed production overheads for the year are budgeted to be $200,000 and are to be recovered on the basis of the total of 40,000 direct labour hours for the year.

Other overheads, in relation to selling, distribution and administration, are recovered at the rate of $80 per job.

What is the total cost of job 173?

$______

12 / 15

Which of the following would be considered a service industry?

An airline company
A railway company
A firm of accountants

(i) and (iii) only

(i), (ii) and (iii)

(ii) and (iii) only

(i) and (ii) only

13 / 15

Which of the following costing methods is most likely to be used by a company involved in the manufacture of liquid soap?

Service costing

Process costing

Batch costing

Job costing

14 / 15

A truck delivered sand to two customers in a week. The following details are available.

Customer	Weight of goods delivered (kilograms)	Distance covered (kilometres)
X	500	200
Y	180	1,200
	680	1,400

The truck cost $3,060 to operate in the week. Each customer delivery was carried out separately, and the truck made no other deliveries in the week.

What is the cost per kilogram/kilometre of sand delivered in the week (to the nearest $0.001)?

$4.500

$0.003

$0.010

$2.186

15 / 15

The following items may be used in costing batches.

Actual material cost
Actual manufacturing overheads
Absorbed manufacturing overheads
Actual labour cost

Which of the above are contained in a typical batch cost?

(i), (ii), (iii) and (iv)

(i) and (iv) only

(i), (iii) and (iv) only

(i), (ii) and (iv) only

Your score is

F2 (MA/FMA) – Chapter 9a – PART C – CBE MCQs – ACCA