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USCPA模拟题:BEC科目选择题练习及解析(二十八)

关于美国注册会计师考试USCPA备考复习,宏景大部分高分学员都建议,一定要有一个固定的习题本,如果是会计计算题,写清计算过程,错的题目用特殊颜色的笔来将原因解释清楚。切记不要随便拿出一张纸写答案,做完后随手一丢,这样你在第二次做题的时候,没有对比性,无法了解你的进步。有的朋友习惯将错的题目做记号,这种做法会左右你在第二次做题时候的选择,所以也不提倡。
今天宏景国际教育为你准备的免费模拟是关于BEC科目的。
1. Lankip Company produces two main products and a byproduct out of a joint process. The ratio of output quantities to input quantities of direct material used in the joint process remains consistent from month to month. Lankip has employed the physical-volume method to allocate joint production costs to the two main products. The net realizable value of the byproduct is used to reduce the joint production costs before the joint costs are allocated to the main products. Data regarding Lankip's operations for the current month are presented in the chart below. During the month, Lankip incurred joint production costs of $2,520,000. The main products are not marketable at the split-off point and, thus, have to be processed further.
                        First Main         Second Main
                         Product           Product           Byproduct
Monthly output in pounds    90,000           150,000             60,000
Selling price per pound        $30              $14                $2
Process costs             $540,000           $660,000
The amount of joint production cost that Lankip would allocate to the Second Main Product by using the physical volume method to allocate joint production costs would be:
a. $1,575,000
b. $1,260,000
c. $1,500,000
d. $1,650,000
2.Fab Co. manufactures textiles. Among Fab's Year 1 manufacturing costs were the following salaries and wages: Loom operators 120,000 Factory foremen 45,000
Machine mechanics 30,000 What was the amount of Fab's Year 1 direct labor?
a. $150,000
b. $120,000
c. $195,000
d. $165,000
3. Mason Company uses a job-order cost system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct-labor dollars. The rate for the current year is 200 percent of direct-labor dollars. This rate was calculated last December and will be used throughout the current year. Mason had one job, No. 150, in process on August 1 with raw materials costs of $2,000 and direct-labor costs of $3,000. During August, raw materials and direct labor added to jobs were as follows:
                     No. 150 No. 151 No. 152
Raw materials                $4,000  $1,000
Direct labor           1,500   5,000   2,500
Actual manufacturing overhead for the month of August was $20,000. During the month, Mason completed Job Nos. 150 and 151. For August, manufacturing overhead was:
a. Underapplied by $2,000.
b. Underapplied by $7,000.
c. Overapplied by $4,000.
d. Underapplied by $1,000.

答案及解析如下:

1. Lankip Company produces two main products and a byproduct out of a joint process. The ratio of output quantities to input quantities of direct material used in the joint process remains consistent from month to month. Lankip has employed the physical-volume method to allocate joint production costs to the two main products. The net realizable value of the byproduct is used to reduce the joint production costs before the joint costs are allocated to the main products. Data regarding Lankip's operations for the current month are presented in the chart below. During the month, Lankip incurred joint production costs of $2,520,000. The main products are not marketable at the split-off point and, thus, have to be processed further.
                        First Main         Second Main
                         Product           Product           Byproduct
Monthly output in pounds    90,000            150,000            60,000
Selling price per pound        $30              $14                 $2
Process costs              $540,000          $660,000
The amount of joint production cost that Lankip would allocate to the Second Main Product by using the physical volume method to allocate joint production costs would be:
a. $1,575,000
b. $1,260,000
c. $1,500,000
d. $1,650,000
Explanation
Choice "c" is correct. $1,500,000 joint cost is allocated to the second main product by using the physical-volume method.
Joint costs                                         $2,520,000
Less net realizable value of byproduct (60,000 × $2)      (120,000)
Net joint costs to be allocated                         $2,400,000
150,000/(150,000+90,000)*2,400,000=1500,000
Choices "b", "a", and "d" are incorrect based on the above explanation.
2.Fab Co. manufactures textiles. Among Fab's Year 1 manufacturing costs were the following salaries and wages: Loom operators 120,000 Factory foremen 45,000.
Machine mechanics 30,000 What was the amount of Fab's Year 1 direct labor?
a. $150,000
b. $120,000
c. $195,000
d. $165,000
Explanation
Choice "b" is correct. Direct labor represents the cost of labor directly associated with the manufacturing of the finished product. The loom operators would qualify as direct labor, while the factory foremen and the machine mechanics would qualify as indirect labor, or overhead. Total direct labor is $120,000.
Choices "c", "d", and "a" are incorrect based on the above explanation.

3. Mason Company uses a job-order cost system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct-labor dollars. The rate for the current year is 200 percent of direct-labor dollars. This rate was calculated last December and will be used throughout the current year. Mason had one job, No. 150, in process on August 1 with raw materials costs of $2,000 and direct-labor costs of $3,000. During August, raw materials and direct labor added to jobs were as follows:
                     No. 150 No. 151 No. 152
Raw materials                $4,000  $1,000
Direct labor           1,500   5,000   2,500
Actual manufacturing overhead for the month of August was $20,000. During the month, Mason completed Job Nos. 150 and 151. For August, manufacturing overhead was:
a. Underapplied by $2,000.
b. Underapplied by $7,000.
c. Overapplied by $4,000.
d. Underapplied by $1,000.
Explanation
Choice "a" is correct. Since manufacturing overhead is applied on the basis of direct-labor dollars, the total of the direct-labor dollars for August must first be determined:
$1,500 + $5,000 + $2,500 = $9,000
Manufacturing overhead is applied at the rate of 200%, so $18,000 was applied for the month of August (200% × $9,000 = $18,000). Actual manufacturing overhead for August was $20,000, so manufacturing overhead was underapplied by $2,000 [$20,000 ? $18,000].
Choice "c" is incorrect. Manufacturing overhead is applied on the basis of direct-labor dollars incurred during the period. If the amount applied is less than the actual amount, then manufacturing overhead is underapplied.
Choice "b" is incorrect. Manufacturing overhead is applied on the basis of direct-labor dollars incurred during the period. The total of the direct-labor dollars is $1,500 + $5,000 + $2,500, or $9,000.
Choice "d" is incorrect. Manufacturing overhead is applied on the basis of direct-labor dollars incurred during the period. The total of the direct-labor dollars is $1,500 + $5,000 + $2,500, or $9,000.

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