Case
MAC1501 Assignment 3 Second Semester 2022
- Course
- Institution
This document contains 6 versions for assignment 3 of second semester. If you come across a question that is not in this document , don’t hesitate to text me
[Show more]
2 reviews
By: sibusisomokoena83 • 2 year ago
By: sinqobile200 • 2 year ago
Seller
Follow
TheTeachingMachine
Reviews received
Content preview
MAC1501ASSIGNMENT 3
SOLUTIONS
PREPARED BY: MTHOMBENI
0767297208
, VERSION 1
In building a cost accounting system, management must select a cost-flow
assumption from those prescribed by IFRS.
Select one:
True
False
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
In time wage systems, the remuneration paid to an employee is based on the number of
hours the employee worked.
Select one:
True
False
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The labour recovery rate is determined by dividing the total budgeted labour cost by the
total budgeted productive hours per employee for the year.
Select one:
True
False
Question 4
Incorrect
Mark 0.00 out of 1.00
, Flag question
Question text
Direct method apportions the costs of service departments on a one-by-one basis to
production and other service departments.
Select one:
True
False
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Step variable costs are predominately fixed in nature.
Select one:
True
False
Question 6
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Budgeted capacity is the anticipated use of available capacity based on planned
production levels.
Select one:
True
False
Question 7
Correct
Mark 1.00 out of 1.00
, Flag question
Question text
Consider the cost/volume behaviour below:
Cost Volume
R100 1 unit
R1 000 10 units
R10 000 100 units
This cost/volume behaviour is typical of a _______ overheads cost.
Select one:
A.
variable
B.
mixed
C.
step
D.
fixed
Question 8
Correct
Mark 1.00 out of 1.00
Flag question
Question text
One of the following is not deductible from employee’s salary or wage:
Select one:
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 TheTeachingMachine. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.84. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83100 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now