Other
Mac2601 assignment 1 semester 2 2023
- Course
- Institution
Principles of Management Accounting - MAC2601 assessment 1 semester 2 2023. Pass is guaranteed
[Show more]
Seller
Followrichardskosana1
Content preview
UNISA > 2023 > MAC2601-23-S2 > Welcome Message > Assessment 1QUIZ
Assessment 1
Started on Friday, 18 August 2023, 4:34 PM
State Finished
Completed on Friday, 18 August 2023, 4:57 PM
Time taken 22 mins 53 secs
Marks 25.00/25.00
Grade 100.00 out of 100.00
Question 1 Providing information needed for..is not a goal of management accounting.
Corect
Mark 1.00 out of e a. debtors
L00
P Flag question
Ob. planning
C. control
Od. decision-making
Question 2
Which one of the following is not a method that can be used to identify the components of semi
Correct variable costs?
Mark 1.00 out of
1.00
Oa. The Simple regression analysis
P Elag.guestion
b. The activity- based costing method
Oc. The scatter diagram method
od. The high-low method
Question3
The main purpose of cost volume profit analysis (CVP analysis) as a tool is ...
Correct
Mark 1.00 out of
Oa. investigate the change in profit that results from changes in total fixed manufacturing
L.00
overheads.
PElag.guestion
Ob. assist management accountants to understand how to cost a product.
C allocate fixed manufacturing overheads to different types of products manufactured by a
company.
d. investigate the change in profit that results from changes in activity levels, per unit
selling prices, per unit variable costs and total fixed cost.
Question 4
Total costs remained stable for several months while the cost per unit was increasing. This may
Correct
have been as a result of the behaviour of ...costs and a . output level.
Mark 1.00 out of
L.00
a. Fixed, decreasing
PElag.guestion
Ob. Variable, increasing
Oc. Fixed, increasing
Od. Variable, decreasing
Question 5
Which one is not an assumption on which cost flows are based?
Correct
Mark 1.00 out of
Oa. Fist-in-first-out (FIFO) method
L.00
P Elag.guestion Ob. Specific identification method
Oc. Weighted average method
d. Perpetual method
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller richardskosana1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now