Batch III - 2nd Mock Test - MTQ Answer

# Batch III - 2nd Mock Test - MTQ Answer - MOCK TEST II ACCA...

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MOCK TEST II ACCA TRAINING COURSE - BATCH III Paper : F2 – Management Accounting Day / Date : Saturday / February 27, 2016 Duration : 120 Minutes Test Method : Closed Book Instructors : Natalis Christian, SE., MM. Hendra Yana, SE. and Leini, SE. MULTIPLE CHOICE QUESTION 50 Questions MULTI TASK QUESTION 1. Laizer Co. wants to be able to predict their overhead costs with more accuracy. The company accountants has analyzed costs for the past six months: Production level (units) Overhead costs (\$) January 10.00 3,352 February 10.50 3,479 March 12.00 3,860 April 9.00 3,098 May 9.50 3,225 June 10.25 3,416 Further analysis has revealed: ∑x = 61.25, ∑y = 20,430, ∑xy = 209,903, ∑x 2 = 630.56 Required: a. Use regression analysis to identify the variable cost per unit! ( 2 marks ) b. Which graph shows best the relationship between production levels and overhead costs for Laizer Co.? ( 1 marks ) c. Further analysis has shown that there is a price index applicable to the overhead costs: Production level (units) Overhead costs (\$) Index January 10.00 3,352 100 February 10.50 3,479 101 March 12.00 3,860 102 April 9.00 3,098 104 May 9.50 3,225 105 June 10.25 3,416 106

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Using high-low analysis, calculate the variable cost per unit in June’s prices! ( 3 marks ) d. Within time series analysis, which TWO of the following are concerned with long term movements/fluctuations in variables? ( 2 marks ) A. Seasonal variations B. Cyclical variations C. Random variations D. The trend e. Which ONE of the following options about Paasche and Laspeyre indices is correct? (
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