ACCA考试P8模拟测试题及答案解析

　　Question：The gross profit percentage for a manufacturing company has risen from 5% to 7% and the net profit percentage has fallen from 0.5% to 0.3%.

　　Which of the following explanations may have caused this change?

　　A. The cost of raw materials has fallen and non-manufacturing wages and salaries have increased.

　　B. Administrative overheads have fallen and the depreciation on assets used in manufacturing has increased.

　　C. The cost of energy for manufacturing has risen and the cost of raw material has risen.

　　D. The sales volume has increased and the costs of raw materials has risen.

　　E. More efficient procedures have been put into place causing a fall in direct labour costs and administrative overheads have risen.

　　The correct answers are: More efficient procedures have been put in place causing a fall in direct labour costs and administrative overheads have risen; The cost of raw materials has fallen and non-manufacturing wages and salaries have increased.

　　解析：If more efficient procedures have been put into place causing a fall in direct labour costs, or the cost of raw materials has fallen, the gross profit percentage will rise.

　　If administrative overheads or non-manufacturing wages and salaries have risen, the net profit percentage will fall.

　　If the cost of energy for manufacturing, the cost of raw materials or the depreciation on assets used in manufacturing have risen, the gross profit percentage will fall.

　　If administrative overheads have fallen, the net profit percentage will rise.

　　An increase in sales volume does not have any effect on the gross or net profit percentages unless discounts have been given.

　　Question：Which of the following should provide the auditor with the most persuasive evidence of the company's ownership of a freehold property?

　　A. Inspection by the auditors of the title deeds held by the company solicitors.

　　B. Physical inspection of the building by the auditors.

　　C. Oral acknowledgement by company directors.

　　D. Inspection of the bank statement showing payment.

　　The correct answer is: Inspection by the auditors of the title deeds held by the company solicitors.

　　Inspection of the bank statement showing payment proves that an amount was paid but is not the most persuasive evidence for ownership.

　　Physical inspection of the building by the auditors gives comfort over existence rather than ownership, and oral acknowledgement by company directors is a weak form of evidence being an oral representation by management only.