Exam (elaborations)
Mac1501 Assignment 2 Semester 1 2024
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Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=164MAC1501-24-S1 Welcome Message Assessment 2
QUIZ
Started on Tuesday, 26 March
2024, 9:15 AM
State Finished
Completed on Tuesday, 26 March
2024, 9:42 AM
Time taken 26 mins 52 secs
Marks 31.00/32.00
Grade 96.88 out of 100.00
3 21 02 5
Question 1
Correct
11 2
Mark 2.00 out of 2.00
Choose the correct word(s) from the list to
match the description.
Contains
information of
the time
(hours) worked
Timekeeping record
by an
employee and
information of
what that time
was spent on.
The costs
relating to the
preparation
and
processing of
purchasing Ordering costs
documentation
and to
receiving and
inspecting the
purchased
items.
1 of 9 2024/03/26, 09
,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=164
Question 2
Correct
Mark 2.00 out of 2.00
Several costs incurred by Umshiza Golf
Equipment (Pty) Ltd are listed below.
Classify the costs given below as �xed or
variable with respect to the number of
units produced and sold:
Fixed
Salary of plant manager.
Depreciation on the
computer used by the Fixed
plant manager’s
secretary.
Question 3
Correct
Mark 2.00 out of 2.00
Complete the following statements by
choosing the correct answer:
• Absorption costing treats all
manufacturing costs (i.e., direct
materials, direct labour as well as �xed
and variable overheads) as product
costs.
• Cost driver is the
activity that causes a change in the cost
of that activity.
2 of 9 2024/03/26, 09
,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=164
Question 4
Correct
Mark 2.00 out of 2.00
Complete the following statements by
choosing the correct answer from the
options provided:
• According to traditional costing
all the production overheads are
pooled together – either for the factory
as a whole or per production
department.
• Period costs are costs that
are taken directly to the income
statement as expenses in the period in
which they are incurred or accrued.
Question 5
Correct
Mark 2.00 out of 2.00
Complete the following statements by
choosing the correct from the options
provided:
• overtime premium is the
additional amount paid over and above
the normal hourly rate for hours worked
in excess of the basic working week.
• labour stability refers to the
company’s ability to retain its
employees.
3 of 9 2024/03/26, 09
,Assessment 2: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=164
Question 6
Correct
Mark 2.00 out of 2.00
Complete the table by selecting the
appropriate description from the list
below:
General Description
ledger
account
Cost of
sales used to record product costs associated with goods that have been sold
Work-in-
progress used to record product costs associated with incomplete goods in the production process
Question 7
Correct
Mark 2.00 out of 2.00
Mahlape construction company builds
toilets in Kokotela. Classify the following
items as direct labour or indirect labour:
Receptionist
employed in indirect labour
Mahlape's
construction site.
Bricklayer employed
direct labour
in Mahlape's
construction site.
4 of 9 2024/03/26, 09
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