Aat level 4 - Study guides, Revision notes & Summaries

What are the 3 main things that are helped by being provided management information? - correct answer Planning, Control & Decision-making What is the main way that the accounting department use management information to plan? - correct answer Prepare budgets What sort of information will help to develop an organisation's budgets? - correct answer - last years info - demand of products - standard cost of making one unit - price of raw materials - pay rises (legislation) ...

AAT Level 3 - CSTR - Overheads3 categories of indirect costs - correct answer 1. Indirect materials 2. Indirect labour 3. Indirect expenses Production overheads - correct answer 1. Included in the total production cost of a product - e.g. rent, rates, insurance, light, heat, running costs Types of non-production overheads: - correct answer 1. Administrative costs 2. Selling and distribution costs 3. Finance costs 4. Legal and professional charges Allocation, apportionment and absor...

AAT Level 3 - CSTR - Labour CostsRemuneration systems - correct answer 1. Annual salaries 2. Hourly rates of pay and overtime pay 3. Piecework payments 4. Bonus schemes Hourly rates and overtime payments - correct answer 1. Hourly paid workers have a standard number of hours they work per week 2. Overtime payment - total amount paid for hours worked above the normal number of hours 3. Overtime premium - the extra paid above the normal rate for those overtime hours 4. Premium may be clas...

AAT Level 3 - CSTR - Fixed & Flexed Budgets Exam Review Questions and answers, rated A+/ Analysis of fixed budget and actual results: - -1. The difference between budget and actual figures is called variance 2. Adverse variance occurs when actual costs exceed the budgeted costs 3. Favourable variance occurs when the actual cost is less than the budgeted cost Causes of labour variance - -1. Rate changes 2. Efficiency of staff to produce output 3. Change in hours required to reach output...

AAT Level 3 - CSTR - Overheads3 categories of indirect costs - correct answer 1. Indirect materials 2. Indirect labour 3. Indirect expenses Production overheads - correct answer 1. Included in the total production cost of a product - e.g. rent, rates, insurance, light, heat, running costs Types of non-production overheads: - correct answer 1. Administrative costs 2. Selling and distribution costs 3. Finance costs 4. Legal and professional charges Allocation, apportionment and absor...

Which of the following statements by a pregnant woman indicates she needs additional teaching on ways to reduce risks to her unborn child from the potential effects of exposure to toxoplasmosis? a. "I will avoid rare lamb." b. "I will wear a mask when cleaning my cat's litter box." c. "I understand that exposure to toxoplasmosis can cause blindness in the baby." d. "I will avoid rare beef." - b. Correct. Pregnant women and women who are attempting pregnancy should avoid contact ...

AAT Level 3 - CSTR - Labour Costs Exam Review Questions and answers, rated A+/ Bonus schemes - -1. A compromise between a day rate and a piece work system 2. Comprised of a date rate amount based on hours worked, and a bonus based on quantity produced 3. Group bonus scheme - bonus calculated by reference to the output of the group and split between all members Direct costs - -Wages paid to production workers, overtime hours at basic rate, overtime premium due to customers specific inst...

1. A nurse wishes to provide client-centered care in all interactions. Which action by the nurse best demonstrates this concept? a. Assesses for cultural influences affecting health care b. Ensures that all the clients basic needs are met c. Tells the client and family about all upcoming tests d. Thoroughly orients the client and family to the room 7. A student nurse asks the faculty to explain best practices when communicating with a person from the lesbian, gay, bisexual, transgende...

Assuming 100% reaction efficiency, how many DNA copies are created after the completion of four complete PCR cycles? - 16 2. What is the function of DNA polymerase in the process of PCR? - It recognizes the primers and uses the available dNTPs to replicate the template DNA sequence. 3. What are possible blood types of the parents of a patient with blood type AB? - A and B − Amino Acid Number Tyr Gly Thr Pro − Amino Acid Sequence TAC GGG ACA CCA − DNA Sequence 4. What is the a...