CMA模拟真题（英文）
信息来源：金融范 2014-09-29 09:54 knroman
Question1：
A company wants to determine its marketing costs for budgeting purposes. Activity measures and costs incurred for 4 months of the current year are presented in the table below. Advertising is considered to be a discretionary cost. Salespersons are paid monthly salaries plus commissions. The sales force was increased from 20 to 21 individuals during the month of May.
| |
March |
April |
May |
June |
| Activity measures |
|
|
|
|
| Sales orders |
2,000 |
1,800 |
2,400 |
2,300 |
| Units sold |
55,000 |
60,000 |
70,000 |
65,000 |
| Dollar sales |
$1,150,000 |
$1,200,000 |
$1,330,000 |
$1,275,000 |
| Marketing costs: |
|
|
|
|
| Advertising |
$190,000 |
$200,000 |
$190,000 |
$190,000 |
| Sales salaries |
20,000 |
20,000 |
21,000 |
21,000 |
| Commissions |
23,000 |
24,000 |
26,600 |
25,500 |
| Shipping costs |
93,000 |
100,000 |
114,000 |
107,000 |
| Total costs |
$326,000 |
$344,000 |
$351,600 |
$343,500 |
In relation to the dollar amount of sales, which of the following cost classifications is appropriate for advertising and sales salaries costs?
| |
Advertising |
Sales Salaries |
| A. |
Variable cost |
Fixed cost |
| B. |
Fixed cost |
Fixed cost |
| C. |
Mixed cost |
Mixed cost |
| D. |
Fixed cost |
Variable cost |
Answer（B）：
Answer (A) is incorrect. Advertising cost is considered fixed.
Answer (B) is correct. Both advertising and sales salaries should be classified as fixed costs. The advertising was constant for 3 of the 4 months and would be considered fixed in terms of dollar sales. Sales salaries also did not vary with dollar sales.
Answer (C) is incorrect. Advertising and sales salaries are considered fixed costs in terms of dollar sales.
Answer (D) is incorrect. Sales salaries are considered fixed in terms of dollar sales.
Question2：
Kimbeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May.
| |
Units |
| Beginning work-in-process inventory, May 1 |
16,000 |
| Started in production during May |
100,000 |
| Completed production during May |
92,000 |
| Ending work-in-process inventory, May 31 |
24,000 |
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of May are as follows:
l Beginning inventory costs are materials, $54,560; direct labor, $20,320; and overhead, $15,240.
l Costs incurred during May are materials used $468,000; direct labor, $182,880; and overhead, $391,160.
Using the FIFO method, Kimbeth’s equivalent units of production for conversion costs are
A. 85,600 units.
B. 95,200 units.
C. 88,800 units.
D. 98,400 units.
Answer（D）：
Answer (A) is incorrect. This number of units omits the work done on beginning work-in-process.
Answer (B) is incorrect. This number of units assumes the beginning work-in-process was 40% complete as to conversion costs.
Answer (C) is incorrect. This number of units omits the work done on ending work-in-process.
Answer (D) is correct. The beginning inventory was 20% complete as to conversion costs. Hence, 12,800 EUP (16,000 units × 80%) were required for completion. EUP for units started and completed equaled 76,000 [(92,000 completed units – 16,000 units in BWIP) × 100%]. The work done on ending work-in-process totaled 9,600 EUP (24,000 units × 40%). Thus, total EUP for May are 98,400 (12,800 + 76,000 + 9,600).
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CMA 模拟