ACC120 at University Of Leeds | Flashcards & Summaries

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Lernmaterialien für ACC120 an der University of Leeds

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TESTE DEIN WISSEN
A manager only has responsibility for costs incurred and revenues earned by their particular area of the
business.
Which of the following is the manager responsible for?
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TESTE DEIN WISSEN
An investment centre
Lösung ausblenden
TESTE DEIN WISSEN
A manager in a division has their performance measured on the basis of the amount of profit the division
makes in relation to the capital employed in the division.
Which of the following is the manager responsible for?
Lösung anzeigen
TESTE DEIN WISSEN
A cost centre

Lösung ausblenden
TESTE DEIN WISSEN
In May a manufacturing company produced 150,200 units of its single product, in June 183,300 units
were produced and in July production was 190,400 units. The manufacturing costs incurred in May
were $51,068 in June were $67,821 and in July were $74,321.
What was the increase (in cents) in cost per unit from May to June?
Lösung anzeigen
TESTE DEIN WISSEN
3c increase

Lösung ausblenden
TESTE DEIN WISSEN
If sales are $51,000, and cost of sales are $42,500, what is the gross profit percentage?
Lösung anzeigen
TESTE DEIN WISSEN
16.67%

Lösung ausblenden
TESTE DEIN WISSEN
A business operates on a gross profit margin of 33.3%. Gross profit on a sale was $800, and expenses were $680. What is the net profit percentage?
Lösung anzeigen
TESTE DEIN WISSEN
75%

Lösung ausblenden
TESTE DEIN WISSEN
A business has credit sales of $150,000 and cash sales of $50,000. The production costs are
$120,000 with selling costs of $35,000 and administration costs of $25,000. What is the gross profit margin (to the nearest one decimal place)?
Lösung anzeigen
TESTE DEIN WISSEN
10.0%

Lösung ausblenden
TESTE DEIN WISSEN
A business has credit sales of $150,000 and cash sales of $50,000. The production costs are
$120,000 with selling costs of $35,000 and administration costs of $25,000.
What is the operating profit margin (to the nearest one decimal place)?
Lösung anzeigen
TESTE DEIN WISSEN
10%

Lösung ausblenden
TESTE DEIN WISSEN
You are given the following information about a business.
Gross profit margin 30%
Gross profit $240,000
Operating expenses $106,000
What is the operating profit margin (to two decimal places)?
Lösung anzeigen
TESTE DEIN WISSEN
55.83%
Lösung ausblenden
TESTE DEIN WISSEN
Amanufacturer makes three very different products, the X, Y and Z. The standard time allowed for each unit of each product is as follows.
X 1hour
Y 1.5 hours
Z 1.75 hours 
During April the following units were produced:
800 units of Y, 1,400 units of Z and 2,000 units of X.
What are the standard hours of output for April?
Lösung anzeigen
TESTE DEIN WISSEN
4,200 standard hours

Lösung ausblenden
TESTE DEIN WISSEN
What are the three main labour control ratios?
Lösung anzeigen
TESTE DEIN WISSEN
Rate, efficiency, capacity

Lösung ausblenden
TESTE DEIN WISSEN
During quarter 2, a manufacturing business had budgeted for 12,000 labour hours to be worked. The actual hours worked were 11,400 and the standard hours of production were 10,800.
What is the labour efficiency ratio (to one decimal place)?
Lösung anzeigen
TESTE DEIN WISSEN
94.7%

Lösung ausblenden
TESTE DEIN WISSEN
 Which of the following is the best description of residual income?
Lösung anzeigen
TESTE DEIN WISSEN
Profit before tax less a notional interest charge

Lösung ausblenden
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Q:
A manager only has responsibility for costs incurred and revenues earned by their particular area of the
business.
Which of the following is the manager responsible for?
A:
An investment centre
Q:
A manager in a division has their performance measured on the basis of the amount of profit the division
makes in relation to the capital employed in the division.
Which of the following is the manager responsible for?
A:
A cost centre

Q:
In May a manufacturing company produced 150,200 units of its single product, in June 183,300 units
were produced and in July production was 190,400 units. The manufacturing costs incurred in May
were $51,068 in June were $67,821 and in July were $74,321.
What was the increase (in cents) in cost per unit from May to June?
A:
3c increase

Q:
If sales are $51,000, and cost of sales are $42,500, what is the gross profit percentage?
A:
16.67%

Q:
A business operates on a gross profit margin of 33.3%. Gross profit on a sale was $800, and expenses were $680. What is the net profit percentage?
A:
75%

Mehr Karteikarten anzeigen
Q:
A business has credit sales of $150,000 and cash sales of $50,000. The production costs are
$120,000 with selling costs of $35,000 and administration costs of $25,000. What is the gross profit margin (to the nearest one decimal place)?
A:
10.0%

Q:
A business has credit sales of $150,000 and cash sales of $50,000. The production costs are
$120,000 with selling costs of $35,000 and administration costs of $25,000.
What is the operating profit margin (to the nearest one decimal place)?
A:
10%

Q:
You are given the following information about a business.
Gross profit margin 30%
Gross profit $240,000
Operating expenses $106,000
What is the operating profit margin (to two decimal places)?
A:
55.83%
Q:
Amanufacturer makes three very different products, the X, Y and Z. The standard time allowed for each unit of each product is as follows.
X 1hour
Y 1.5 hours
Z 1.75 hours 
During April the following units were produced:
800 units of Y, 1,400 units of Z and 2,000 units of X.
What are the standard hours of output for April?
A:
4,200 standard hours

Q:
What are the three main labour control ratios?
A:
Rate, efficiency, capacity

Q:
During quarter 2, a manufacturing business had budgeted for 12,000 labour hours to be worked. The actual hours worked were 11,400 and the standard hours of production were 10,800.
What is the labour efficiency ratio (to one decimal place)?
A:
94.7%

Q:
 Which of the following is the best description of residual income?
A:
Profit before tax less a notional interest charge

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