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Question 26 QMI FIN INV BNU STA tutorials
Total overhead cost = R120 000
Answer saved Total machine hours = 6 000
Marked out of Total labour hours = 4 000
3.00 Overhead cost for Machine Set-Up Activity (ABC) = R30 000
Flag question Total number of machine set-ups = 150
Product A uses 1 000 machine hours and 20 set-ups.
Product B uses 500 machine hours and 5 set-ups.
If Product B uses 500 machine hours, under traditional costing, its overhead
allocation would be:
a. R15 000
b. R8 000
c. R10 000
d. R12 000
Clear my choice
Question 27 A company manufactures a single product. During December 7 000 units were
Answer saved sold. Variable cost of R7 per unit includes R3 in respect of selling expenses.
Marked out of
Absorption production cost includes R2 per unit. The net profit for the month
3.00 under absorption costing was R4 000 less than the profit under variable costing.
Flag question
During December, … units were manufactured.
a. 4 000
b. 5 000
c. 9 000
d. 7 000
Clear my choice
Question 28 The information below pertains to Dove (Pty) Ltd.
Answer saved OBSERVATION VOLUME (x) TOTAL OVERHEAD
Marked out of
COSTS ( y )
3.00 1 5 000 28 000
, Flag question 2 4 000 23 000
3 3 400 21 000
4 5 400 29 000
5 3 000 16 000
6 4 600 28 000
7 3 200 20 000
The total/value of Σy to substitute in the normal equation Σy = an + bΣx is equal
to ……
a. 3 200
b. 28 600
c. 5 400
d. 165 000
Clear my choice
Question 29
Total Joint Costs = R100 000
Answer saved
Split-off Point Production:
Marked out of
3.00 Product A: 1 500 kg
Flag question Product B: 2 500 kg
Selling Prices at Split-off Point:
Product A: R40 per kg
Product B: R20 per kg
Using Sales Value at Split-off Method, joint cost allocated to Product A is:
a. R70 000
b. R40 000
c. R54 545
d. R50 000
Clear my choice
Question 30 Dinoko (Pty) Limited incurred the costs as indicated below for the six months
Answer saved ended 31 December 2023. During this period, the total costs fluctuated, but not
,Marked out of in direct proportion to the output volume (units made).
3.00
Units made Total cost (R)
Flag question July 100 3 750
August 90 3 650
September 95 3 700
October 75 3 500
November 85 3 600
December 80 3 550
The total costs of an estimated 115 units of production are ….. if a cost function
is prepared based on the information provided and applying the high-low method.
a. R3 850
b. R3 900
c. R4 000
d. R3 800
Clear my choice
Previous page Finish attempt ...
Pre vi o us
ac t i vi t y
Assessment 1
, Question 21
A company produces a single product. You are presented with the
Answer saved
following information:
Marked out of
3.00 Absorption Variable
Flag Net profit R7 000 R9 500
question
Production cost per unit R30 R25
Closing inventory in units 2 000 2 000
The opening inventory would have been … units.
a. 2 500
b. 2 000
c. 1 000
d. 4 000
Clear my choice
Question 22 If Sunny’s (Pty) Ltd budgeted and actual fixed manufacturing overheads
Answer saved are R279 600 and R300 000 respectively, and the company has a
Marked out of predetermined fixed manufacturing overhead rate per unit of R6, the
3.00 budgeted number of units that the company had planned to produce are …
Flag
question
a. 50 000
b. 46 600
c. 60 000
d. 66 000
Clear my choice
Question 23
Total overhead cost = R120 000
Answer saved Total machine hours = 6 000
Marked out of Total labour hours = 4 000
3.00
Overhead cost for Machine Set-Up Activity (ABC) = R30 000
Flag Total number of machine set-ups = 150
question Product A uses 1 000 machine hours and 20 set-ups.
Product B uses 500 machine hours and 5 set-ups.
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Question 26 QMI FIN INV BNU STA tutorials
Total overhead cost = R120 000
Answer saved Total machine hours = 6 000
Marked out of Total labour hours = 4 000
3.00 Overhead cost for Machine Set-Up Activity (ABC) = R30 000
Flag question Total number of machine set-ups = 150
Product A uses 1 000 machine hours and 20 set-ups.
Product B uses 500 machine hours and 5 set-ups.
If Product B uses 500 machine hours, under traditional costing, its overhead
allocation would be:
a. R15 000
b. R8 000
c. R10 000
d. R12 000
Clear my choice
Question 27 A company manufactures a single product. During December 7 000 units were
Answer saved sold. Variable cost of R7 per unit includes R3 in respect of selling expenses.
Marked out of
Absorption production cost includes R2 per unit. The net profit for the month
3.00 under absorption costing was R4 000 less than the profit under variable costing.
Flag question
During December, … units were manufactured.
a. 4 000
b. 5 000
c. 9 000
d. 7 000
Clear my choice
Question 28 The information below pertains to Dove (Pty) Ltd.
Answer saved OBSERVATION VOLUME (x) TOTAL OVERHEAD
Marked out of
COSTS ( y )
3.00 1 5 000 28 000
, Flag question 2 4 000 23 000
3 3 400 21 000
4 5 400 29 000
5 3 000 16 000
6 4 600 28 000
7 3 200 20 000
The total/value of Σy to substitute in the normal equation Σy = an + bΣx is equal
to ……
a. 3 200
b. 28 600
c. 5 400
d. 165 000
Clear my choice
Question 29
Total Joint Costs = R100 000
Answer saved
Split-off Point Production:
Marked out of
3.00 Product A: 1 500 kg
Flag question Product B: 2 500 kg
Selling Prices at Split-off Point:
Product A: R40 per kg
Product B: R20 per kg
Using Sales Value at Split-off Method, joint cost allocated to Product A is:
a. R70 000
b. R40 000
c. R54 545
d. R50 000
Clear my choice
Question 30 Dinoko (Pty) Limited incurred the costs as indicated below for the six months
Answer saved ended 31 December 2023. During this period, the total costs fluctuated, but not
,Marked out of in direct proportion to the output volume (units made).
3.00
Units made Total cost (R)
Flag question July 100 3 750
August 90 3 650
September 95 3 700
October 75 3 500
November 85 3 600
December 80 3 550
The total costs of an estimated 115 units of production are ….. if a cost function
is prepared based on the information provided and applying the high-low method.
a. R3 850
b. R3 900
c. R4 000
d. R3 800
Clear my choice
Previous page Finish attempt ...
Pre vi o us
ac t i vi t y
Assessment 1
, Question 21
A company produces a single product. You are presented with the
Answer saved
following information:
Marked out of
3.00 Absorption Variable
Flag Net profit R7 000 R9 500
question
Production cost per unit R30 R25
Closing inventory in units 2 000 2 000
The opening inventory would have been … units.
a. 2 500
b. 2 000
c. 1 000
d. 4 000
Clear my choice
Question 22 If Sunny’s (Pty) Ltd budgeted and actual fixed manufacturing overheads
Answer saved are R279 600 and R300 000 respectively, and the company has a
Marked out of predetermined fixed manufacturing overhead rate per unit of R6, the
3.00 budgeted number of units that the company had planned to produce are …
Flag
question
a. 50 000
b. 46 600
c. 60 000
d. 66 000
Clear my choice
Question 23
Total overhead cost = R120 000
Answer saved Total machine hours = 6 000
Marked out of Total labour hours = 4 000
3.00
Overhead cost for Machine Set-Up Activity (ABC) = R30 000
Flag Total number of machine set-ups = 150
question Product A uses 1 000 machine hours and 20 set-ups.
Product B uses 500 machine hours and 5 set-ups.
