Exam (elaborations)
Mac2601 Assignment 1 semester 1 2024
- Institution
- University Of South Africa (Unisa)
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3/20/24, 3:42 PM Assessment 1: Attempt reviewUNISA 2024 MAC2601-24-S1 Welcome Message Assessment 1
QUIZ
Started on Wednesday, 20 March 2024, 3:22 PM
State Finished
Completed on Wednesday, 20 March 2024, 3:42 PM
Time taken 40mins 3 secs
Marks 42.00/40.00
Grade 96.50 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following is a disadvantage of the scatter graph method?
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a. It can be used for testing the relationship between two variables as it
ON 0833851178
provides an indication if correlation exists and if it is high or low.
b. It is a very simple method that requires very little calculations.
c. It cannot establish the exact degree of correlation between the
variables.
d. It is not in uenced by the size of outlying items.
Question 2
Correct
Mark 1.00 out of 1.00
The nancial statements are prepared for …. users and management reports are
prepared for … users.
a. nancial, external
b. nancial, internal
c. internal, external
d. external, internal
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16131856&cmid=889485 1/9
, 3/20/24, 3:42 PM Assessment 1: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
Costs of salaries, wages and bene ts paid to the people employed in the
manufacturing section of the entity, is called …………
a. Material costs
b. Overhead costs
c. Marketing costs
d. Labour costs
Question 4
Incorrect
Mark 0.00 out of 1.00
Behaviour of a xed cost at various output levels is called…...
a. Mixed costs
b. Variable costs
c. Stepped costs
d. Fixed costs
Question 5
Correct
Mark 1.00 out of 1.00
Which one of the following is a disadvantage of the least squares method?
a. It is easy to understand and perform.
b. It is susceptible to outliers.
c. It has a strong statistical foundation.
d. It is widely applicable.
Question 6
Correct
Mark 1.00 out of 1.00
One of the following is not part of products costs.
a. Overhead costs
b. Marketing costs
c. Labour costs
d. Material costs
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=16131856&cmid=889485 2/9
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