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MAC1501 ASSESSMENT 1 SEM 1 OF 2024 EXPECTED QUESTIONS AND ANSWERS $5.70   Add to cart

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MAC1501 ASSESSMENT 1 SEM 1 OF 2024 EXPECTED QUESTIONS AND ANSWERS

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  • March 12, 2024
  • 22
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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UNISA  2024  MAC1501-24-S1  Welcome Message  Assessment 1

QUIZ


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Started on Tuesday, 12 March 2024, 3:44 PM
+27844708483 for
State Finished FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,M
Completed on Tuesday, 12 March 2024, 4:02 PM NB STA MNG
Time taken 18 mins 43 secs DSC tutorials
Marks 32.00/32.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 2.00 out of 2.00




Complete the following statements by choosing the correct answer from the
options provided:




OSCAR THE TUTOR
oscardiura@gmail.com
[[1]] is used for planning, control and Management accounting
WHATSAPP: 0737560989
decision-making purposes.
 +27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,B
NU,MNB STA MNG
[[5]] reports to shareholders and other Financial accounting DSC tutorials
interested parties.





Question 2

Correct

Mark 2.00 out of 2.00




If a company increases its activity within the relevant range, indicate the effect
on the following costs:


Total variable costs will increase 

Total variable cost per unit will remain the same 

,Question 3

Correct

Mark 2.00 out of 2.00




Mmamazala (Pty) Limited manufactures and sells aluminum cans. Classify
the following items as consumables or indirect materials:


Vanish used for vanishing the bottoms of the Indirect materials
cans.

Cleaning agents for washing the cans before Consumables
packing.




Question 4
Correct

Mark 2.00 out of 2.00




Complete the following statements by choosing the correct answer from the

list:

Ndwedwe Pty Ltd prints a book titled Izithakazelo. The paper going into the

manufacture of the book would be called direct materials and classified as

a product  cost.
In terms of cost behaviour, the paper used in the manufacturing of the book,

would be classified as a variable  cost.




Question 5
Correct

Mark 2.00 out of 2.00




Complete the following statements by choosing the correct answer:

Some costs are part fixed and part variable and are called

semi-variable  costs.

Ordering costs  are all the costs relating to the preparation and

processing of purchasing documentation and to receiving and inspecting

the purchased items.

, Question 6 OSCAR THE TUTO
Correct oscardiura@gmail.c
Mark 2.00 out of 2.00
m
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0737560989
+27844708483 for
Complete the table by selecting the appropriate description from the list FAC,MAC,ECS,TAX
below: QMI,FIN,INV,BNU,M
NB STA MNG
Category of Description DSC tutorials
inventory


finished assets manufactured and held for sale in the ordinary course of business

goods 


materials assets to be consumed in the production process

and 
supplies




OSCAR THE TUTOR
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Question 7
+27844708483 for FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA
Correct
MNG
Mark 2.00 out of 2.00 DSC tutorials


Complete the following statement by choosing the correct answer:

financial  statements are prepared for external users, while

management reports are prepared for internal  users.




Question 8
Correct

Mark 2.00 out of 2.00




Modise manufactures plastic toys. In determining the cost of making a toy,
classify the following costs as manufacturing overheads or non-manufacturing
overheads.


Manufacturing overhead
Factory water and electricity bills.

Ink for the printer that used to print Non-manufacturing overhead
monthly salary slips.





OSCAR THE TUTOR
oscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA
MNG
DSC tutorials

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