Exam (elaborations)
MAC1501 Assignment 5 semester 1 2023
- Institution
- University Of South Africa (Unisa)
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5/17/23, 11:58 PM Assessment 5: Attempt reviewMENU
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC1501-23-S1 / Welcome Message / Assessment 5
Started on Wednesday, 17 May 2023, 11:16 PM
State Finished
Completed on Wednesday, 17 May 2023, 11:56 PM
Time taken 39 mins 54 secs
Marks 34.00/44.00
Grade 77.27 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Dividing the current liabilities of the company by the current assets gives current ratio.
Select one:
True
False
Question 2
Correct
Mark 1.00 out of 1.00
Ideally the ROA (return on assets) should be equal to the ROE (return on equity).
Select one:
True
False
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,5/17/23, 11:58 PM Assessment 5: Attempt review
Question 3
Incorrect
Mark 0.00 out of 1.00
MENU
The flow of the cost of direct materials is through the Inventory of Materials Account, the Work-in-Progress Account, the Inventory of
Dashboard
Finished / Courses
Goods Account /andUNISA / 2023
the Cost / Account.
of Sales Semester 1 / MAC1501-23-S1 / Welcome Message / Assessment 5
Select one:
True
False
Question 4
Correct
Mark 1.00 out of 1.00
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 5
Correct
Mark 1.00 out of 1.00
The cost of salaries and wages paid to the employees of a merchandiser is expensed as a period cost.
Select one:
True
False
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,5/17/23, 11:58 PM Assessment 5: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
MENU
Net working capital is the excess of a company’s current liabilities over current assets.
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC1501-23-S1 / Welcome Message / Assessment 5
Select one:
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:
Distribution costs is not considered part of the production budget.
The focal point of financial management in a company is the creation of value for the shareholders of the company.
Question 8
Correct
Mark 2.00 out of 2.00
Complete the following statements by choosing the correct answer from the options provided.
A realistic measure of what the company is likely to produce, rather than what it can produce is known as Normal capacity .
Days ‘sales in inventory refers to the number of days for which the inventory will be able to cover sales.
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, 5/17/23, 11:58 PM Assessment 5: Attempt review
Question 9
Partially correct
Mark 1.00 out of 2.00
MENU
Complete the following statements by choosing the correct answer from the options provided.
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC1501-23-S1 / Welcome Message / Assessment 5
An increase in production within the relevant range will cause variable production costs to increase on a per unit basis.
A management accountant who prepares a useful report after analysing data is exhibiting competence
Question 10
Incorrect
Mark 0.00 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 planning.
the cost of conversion of direct materials 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.
Inadequate levels of working capital, uncertain market and inexperienced managers are factors that belong to which category of the
Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis Weaknesses.
A manufacturing company is very busy, and overtime is being worked. The amount of overtime premium contained in direct wages would
normally be classified as production overhead
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