- -求英语会计高手 50

Question1:(7Marks)ListanddefinefourethicalstandardsthatarepartoftheAustralianSocietyo... Question 1: (7 Marks)
List and define four ethical standards that are part of the Australian Society of Certified Practising Accountant’s Code of Professional Conduct. (1.75 each heading and definition).

Question 2: (4 Marks)
Consider two following two products/services from among the following categories that you are familiar with, and describe the aspects of the products that you value as a customer.

A recent model car (2 Marks)
‘City-Link’ membership (an electronic toll-road billing device) (2 Marks)

Question 3: (14 Marks)
Armidale Aluminium Company, a manufacturer of recyclable soft drink cans, had the following inventory balances at the beginning and end of the current year:

Inventory Account January 1($) December 31($)
Raw Material 120,000 140,000
Work in Process 240,000 230,000
Finished Goods 300,000 330,000

During the year the company purchased $500,000 of raw material and spent $800,000 on direct labour. Manufacturing overhead costs were as under:

Indirect Materials 20,000
Indirect Labour 50,000
Depreciation on Plant and Equipment 200,000
Electricity 50,000
Other 60,000

Sales revenue was 2,210,000 for the year. Selling and administrative expenses for the year amounted to 220,000. The firm’s tax rate is 40%.

Required:

Prepare a schedule of cost of goods manufactured

Prepare a schedule of cost of goods sold (10.5 Marks)
Prepare an income statement for the company (3.5 Marks)

Question 4: (Total 15 Marks)
Kylie Helen, a florist, operates retail stores in several shopping malls. The average selling price of an arrangement is $30 and the average cost of each sale is $18. A new mall is opening where Kylie wants to locate a store, but the location manager is not sure about the rent method to accept. The mall operator offers the following three options for its retail store rentals:

paying a fixed rent of $15,000 a month, or
paying a base rent of $9,000 plus 10% of revenue received, or
paying a base rent of $4,800 plus 20% of revenue received up to a maximum rent of $25,000.
Required:

a. For each option, compute the breakeven sales and the monthly rent paid at break-even. (9 Marks)

b. Compare option 1 with, i. Option 2, and with ii. Option 3, and analyse, at what level of sale both options will have same preference (for both i, and ii), and how these preferences will change if sale goes beyond those levels. (6 Marks)

Hint for Question 4: Denote ‘number of units sale at Break Even’ by a letter (A, B, or C....) 展开

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