100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MAC2601 Assignment 2 2024 $4.25   Add to cart

Exam (elaborations)

MAC2601 Assignment 2 2024

 23 views  0 purchase
  • Course
  • Institution

MAC2601 Assignment 2 2024

Preview 4 out of 126  pages

  • April 6, 2024
  • 126
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
,1. UNISA
2. 2024
3. MAC2601-24-S1
4. Welcome Message
5. Assessment 2




Assessment 2

Started on Friday, 5 April 2024, 1:35 AM
State Finished
Completed on Friday, 5 April 2024, 2:24 AM

Time taken 49 12
Marks 40.00/40.00
Grade 10.00 out of 100.00




Question 1

Correct

Mark 1.00 out of 1.00




The remuneration of these employees
would be classi ed as cost of indirect
labour:


a. Maintenance workers in a 
food manufacturer

b. Bricklayers in a construction
company

c. Machinists in a clothing
manufacturer

d. Assemblers in a furniture
manufacturer




Question 2
Correct

Mark 1.00 out of 1.00




The calculated break-even point of a
company may be affected by ...


a. Selling price 

b. Pre-determined rate

c. Process costing

d. Number of units sold

,Correct

Mark 1.00 out of 1.00




The CVP analysis is always made within the relevant ….


a. scenario

b. range 

c. person

d. product




Correct

Mark 1.00 out of 1.00




In describing the linear cost function, y = a + bx, it is correct to say …


a. a is the variable cost per unit.

b. y is the independent variable.

c. a and b are both constant at all levels of output.

d. b equals the change in cost divided by the change in output. 

, Question 3
Correct

Mark 1.00 out of 1.00




When allocating xed manufacturing overheads to products, which output capacity
should be utilised for external reporting purposes?


a. Normal capacity 

b. Practical capacity

c. Maximum capacity

d. Variable production capacity




Question 4
Correct

Mark 1.00 out of 1.00




The calculated break-even point of a company may be affected by ...


a. Selling price 

b. Process costing

c. Pre-determined rate

d. Number of units sold




Question 5
Incorrect

Mark 0.00 out of 1.00




What reason would not constitute a valid reason for keeping inventory?


a. Transaction motive 

b. Precautionary motive

c. Regulatory motive

d. Speculative motive

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 StudentsUnisaTrader. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.25. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.25
  • (0)
  Add to cart