Exam (elaborations)
Mac1501 Assignment 4 semester 2 2024
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
Seller
Follow
ExpertAcademy
Reviews received
Content preview
4/24/24, 3:25 PM Assessment 4: Attempt reviewMAC1501-24-S1 Welcome Message Assessment 4
QUIZ
Started on Wednesday, 24 April
2024, 1:51 PM
State Finished
Completed on Wednesday, 24 April
2024, 3:25 PM
Time taken 1 hour 34 mins
Marks
out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The nancial manager is directly
responsible for the management and
control of inventory.
True
False
Question 2
Correct
Mark 1.00 out of 1.00
There can be an amount for cost of
goods manufactured in a month with
zero sales.
True
False
Question 3
Correct
Mark 1.00 out of 1.00
Productive time refers to the time an
employee spends at work.
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=18196920&cmid=844971 1/12
,4/24/24, 3:25 PM Assessment 4: Attempt review
Question 4
Incorrect
Mark 0.00 out of 1.00
The strategic plan is the long-term plan
of an organisation.
True
False
Question 5
Correct
Mark 1.00 out of 1.00
The cost of wages paid to factory
employees on leave or on holiday is
considered as direct labour cost.
True
False
Question 6
Correct
Mark 1.00 out of 1.00
The labour recovery rate is determined by
dividing the total budgeted labour cost by
the total budgeted productive hours per
employee for the year.
True
False
Question 7
Correct
Mark 2.00 out of 2.00
Complete the following statements by
choosing the correct answer from the
options provided.
The primary purpose of the liquidity
ratios is to determine
how well a rm is able to pay off
Production budget is dependent on
the sales budget
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=18196920&cmid=844971 2/12
,4/24/24, 3:25 PM Assessment 4: Attempt review
Question 8
Correct
Mark 2.00 out of 2.00
Complete the following by choosing the
correct answer from the options
provided.
The area of accounting that provides
economic and nancial information
for investors, creditors and other
external users is
Financial accounting
A wholesaler who supplies goods to a
retailer on credit would be most
interested in the organisation’s
current ratio .
Question 9
Correct
Mark 2.00 out of 2.00
Choose the correct word(s) from the list
to match the description.
A factory’s
average level
of activity for
meeting the
company’s
production Normal capacity
demands,
considering
expected
interruptions
and seasonal
uctuations.
The
manufacturing
costs that we
Direct costs
can easily
trace to the
products
manufactured.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=18196920&cmid=844971 3/12
, 4/24/24, 3:25 PM Assessment 4: Attempt review
Question 10
Partially correct
Mark 1.00 out of 2.00
Complete the following statements by
choosing the correct answer from the
options provided:
The process of relying on feedback to
ensure a plan is being implemented is
referred to as controlling.
the cost of conversion of direct mat
is not considered as part of total
cost of inventory of a VAT-registered
manufacturing company.
Question 11
Correct
Mark 2.00 out of 2.00
Complete the following statements by
choosing the correct answer from the
options provided:
A standard costing basis uses pre-
determined rates for
all the elements of production cost.
The time it takes to repair a machin
will lead to an increase in abnormal
idle time in a factory.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=18196920&cmid=844971 4/12
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 ExpertAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.86. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now