CPA Management Accounting 認定 MA 試験問題:

1. Consider the following uses of budgets in planning:
(i)Toascertain the resources needed to achieve corporate objectives, given a specific level of activity;
(ii)Toprepare contingency budgets, based on varying levels of activity.
Which type of budget (fixed or flexible) is most appropriate for these uses?

A) Fixed = (ii) only, Flexible = (i) only
B) Fixed = (i) and (ii), Flexible = neither (i) nor (ii)
C) Fixed = (i) only, Flexible = (ii) only
D) Fixed = neither (i) nor (ii), Flexible = (i) and (ii)

2. Lukers Co is structured on a functional basis. Two of the departments are purchase and production. The directors wish to improve product quality, and are considering the introduction of an incentive scheme.
Which of the following performance measures would be an appropriate basis for the incentive scheme?

A) Volume of products returned by customers
B) Share price
C) Favourable material price variances
D) Company profit

3. At 30 April 2010, the net assets of Barangia Co had a book value of $22,500,000 and an economic value of $29,900,000. The company's weighted average cost of capital is estimated to be 16% per annum, and finance can currently be obtained at a rate of 14% per annum.
Net operatingprofitafter tax (NOPAT) has been calculated at $4,851,200.
What is the economic value added (EVA) for the company for the year to 30 April 2010?

A) $67,200
B) $1,701,200
C) $1,251,200
D) $805,200

4. Hera Co is developing a new product using a target costing approach. The initial assumption was that a sales volume of 200,000 units could be achieved at a selling price of $25 per unit.
However, market research indicates that to achieve the sales volume of 200,000 units, the selling price should be $23*50.
Hera wishes to obtain an average profit margin of 20% on sales.
The following data have been estimated for the product:
Direct material$10*45 per unit Hourly production volume20 units Directlaborcost$64 per hour Variable overheads$82 per hour (absorbed on a directlaborhour basis) Fixed costs to produce 200,000 units are estimated to be $680,000.
What reduction in the cost per unit is required in order to achieve the target cost per unit?

A) $1.15
B) $1.88
C) $2.35
D) $0.38

5. Which of the following comments about sales price is correct?

A) Market skimming will lead to a constant price throughout the product's life
B) Market penetration will normally be achieved by a low price on initial entry to the market
C) A target cost price will generate profit immediately following market entry
D) Cost plus pricing will lead to profit beingmaximized

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