ACCA F5 考前Tips:考试重点及答题技巧（下）

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ACCA F5 考前Tips：考试重点及答题技巧（下）

书接上回，今天继续带大家来看看F5部分重点题型的答案解析。

Part three 部分重点题型的答案解析

（摘选近年来的重点难点考试真题）

(2016 New Type-Sample新题型样卷) 选择题

1 A companymanufactures two products, C and D, for which the following information isavailable:

Other overhead costs are absorbed on alabor hour basis.

Using activity-based costing, what is the budgetedoverhead cost per unit ofProduct D?

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2 The sellingprice of Product X is set at $550 for each unit and sales for the coming yearare expected to be 800 units.

A return of30% on the investment of $500,000 in Product X will be required in the comingyear.

What is the target cost for each unit of Product X? Solution:

Return:$500,000 x 30% = $150,000

Total salesrevenue = $550 x 800 =$440,000

Thereforetotal cost = $440,000 –$150,000 = $290,000 Unit cost =$290,000/800 = $362·50

(2015 Jun) 选择题

1 A divisionis considering investing in capital equipment costing $2·7m. The usefuleconomic life of the equipment is expected to be 50 years, with no resale valueat the end of the period. The forecast return on the initial investment is 15%per annum before depreciation. The division’s cost of capitalis 7%.

What is the expected annual residual income of the initial investment? Solution:

RI =Divisional profit after depreciation- Imputed interest

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= ($2.7m x 15% - $2.7m x 1/50) -$2.7m x 7% = $162,000 注释：

RI的重要变量是可控利润(本题叫做Divisionalprofit after depreciation)

controllableprofit用来衡量子公司通过可控行为而产生的利润（即需要剔除总部摊销费用，以及其他不可控因素对子公司利润的影响）

本题很明显： 子公司可以自主决定（控制）设备的投资，随后的折旧就是‘可控'费用 2 The FruitCompany (F Co) currently grows fruit which customers pick themselves from thefields before paying. F Co is concerned that a large number of customers areeating some of the fruit whilst picking it and are therefore not paying for allof it. As a result, it has to decide whether to hire staff to pick andpackagethe fruit instead. The following values and costs have been identified:

(i)Thetotal sales value of the fruit currently picked and paid for by customers (ii)Thecost of growing the fruit

(iii)Thecost of hiring staff to pick and package the fruit

(iv)Thetotal sales value of the fruit if it is picked and packaged by staffinstead Which of the above are relevant to the decision?

A All ofthe above; B (ii), (iii) and(iv) only; C (i),(ii) and (iv) only; D (i), (iii) and (iv)only Solution:

(ii)Cost ofgrowing the fruit will incur anyway ,regardless of the decision. 种植成本不管要不要\招收员工\，总是会发生的.

(i) and(iv)要结合起来看. 如： 原来收入为100元，\招收员工\的收入的120元. 则， 因这个决定得以发生的现金流入为20元.

3 Which of the following statements describes target costing?

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A Itcalculates the expected cost of a product and then adds a margin to it toarrive at the target selling price

B Itallocates overhead costs to products by collecting the costs into pools andsharing them out according to each product’s usage of the cost driving activity C Itidentifies the market price of a product and then subtracts a desired profitmargin to arrive at the target cost

D Itidentifies different markets for a product and then sells that same product atdifferent prices in each market

Solution: 难度很低，考了目标成本法基本概念: 从市场接受的价格出发，减去目标利润空间，得到目标成本

4 The MobileSandwich Co prepares sandwiches which it delivers and sells toemployees atlocal businesses each day.

Demandvaries between 325 and 400 sandwiches each day. As the day progresses, theprice of the sandwiches is reduced and, at the end of the day, any sandwichesnot sold are thrown away. The company has prepared a regret table to show theamount of profit which would be foregone each day at each supply level,giventhe varying daily levels of demand.

Applying the decision criterion of minimax regret, how many sandwichesshould the company decide to supply each day? A325; B 350; C375; D 400

注释：

上图不是payofftable, 而是一张基于它计算出来的regret table.

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当决策为‘每天生产375个三明治’, 在实际需求为325个时，后悔值（机会成本）达到最高；

当决策为‘每天生产325个三明治’, 在实际需求为400个时，后悔值（机会成本）达到最高；

当决策为‘每天生产350个三明治’, 在实际需求为400个时，后悔值（机会成本）达到最高；

当决策为‘每天生产400个三明治’, 在实际需求为325个时，后悔值（机会成本）达到最高；

对比其他决策，‘每天生产375个三明治’带来的最高机会成本$82是最小的，因此option C

11 A companymanufactures three products using different amounts of the same gradeof labor,which is in short supply.

Thefollowing budgeted data relates to the products:

What order should the products be manufactured in to ensure that profit ismaximized? Solution:

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13 A company’

ssales and cost of sales figures have remained unchanged for the last two years.The following information has been noted:

Thefollowing statements have been made about the company’s performance for therecent year:

(i)Customersare taking longer to pay and this may have contributed to the declinein thecompany’s current ratio

(ii)Inventorylevels have increased and this may have contributed to the decline inthecompany’s quick ratio

Which of the above statements is/are true?

A(i)only; B (ii) only; C Both (i) and (ii); D Neither (i) nor(ii)

注释：考生对(ii)普遍疑惑. 说明对速动比率的计算公式都掌握不好: 该比率在分子剔除了存货余额，即：存货的变动对这个比率没有影响.

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(2015 Jun) 1. Beckley Hill (ABC)

1 Beckley Hill (BH) is a private hospitalcarrying out two types of procedures on patients. Each type of procedure incursthe following direct costs:

BHcurrently calculates the overhead cost per procedure by taking the totaloverhead cost and simply dividing it by the number of procedures, then roundingthe cost to the nearest 2 decimal places. The total cost is $2,475.85 forProcedure A and $4,735.85 for Procedure B.

Recently,anotherlocal hospital has implemented activity-based costing (ABC). This has led thefinance director at BH to consider whether this alternative costing techniquewould bring any benefits to BH. He has obtained an analysis of BH’stotaloverheads for the last year and some additional data, all of which isshownbelow:

(a)Calculatethe full cost per procedure using activity-based costing. (6'')

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(b)Makingreference to your findings in part (a), advise the finance director asto whetheractivity-based costing should be implemented at BH. (4'')

(b)UnderHB's traditional method of dealing with overheads, the cost perprocedure:

Under ABC,BH considers the cost drivers that give rise to the overhead costs; Therefore,ProcedureA has higher costs and B has lower costs; (没有问ABC是否可以帮助企业提高profit)

Before BHintroduces ABC, some factors shall be considered: ? Complex,time-consuming and costly.

? Lessbenefits can be obtained by BH, if the overhead is in small proportion of total cost.

? It isimpossible to allocate all overheads to specific activities.

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? Thechoice of both activities and cost drivers might be inappropriate.

亲爱的们，楷博君只能帮你到这里了，剩下的，就是请一定按这张TIPS，在余下的时间内，做完你一定要做的事情，然后，摊开双手，妥妥地接住来自ACCA的祝福：F5 Pass.

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