Started on Thursday, 4 April
2024, 9:21 AM
State Finished
Completed on Thursday, 4 April
2024, 9:44 AM
Time taken
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The remuneration of these employees
would be classi ed as cost of indirect 1 3 0
labour:
a. Maintenance workers in a
food manufacturer
b. Bricklayers in a construction
company
c. Machinists in a clothing
manufacturer
d. Assemblers in a furniture
manufacturer
Question 2
Correct
Mark 1.00 out of 1.00
The calculated break-even point of a
company may be affected by ...
If the applied overheads are less than the
actual overheads this will result in?
a. Pre-determined rate recovery
b. No recovery
c. Under recovery
d. Over recovery
Question 7
Correct
Mark 1.00 out of 1.00
The actual production overhead costs for
the month were less that the applied
overheads. The accurate treatment of the
over/under-recovery of overheads is
journalised as …
a. Dr Work-in-Progress; Cr Finished
Goods Inventory.
b. Dr Cost of Sales; Cr Production
Overhead Clearance.
c. Dr Production Overhead
Clearance; Cr Work-in-Progress.
d. Dr Production Overheads
Clearance; Cr Cost of Sales.
Question 8
Correct
Mark 1.00 out of 1.00
When a predetermined overhead rate is
applied to the actual units manufactured,
this is referred to as …
In describing the linear cost function, y =
a + bx, it is correct to say …
a. a and b are both constant at all
levels of output.
b. y is the independent variable.
c. b equals the change in cost
divided by the change in
output.
d. a is the variable cost per unit.
Question 10
Correct
Mark 1.00 out of 1.00
Assuming that all variables remain
constant, an increase in variable cost per
unit will ...
a. Increase contribution
b. Decrease pro t
c. Decrease xed cost
d. Change nothing
Question 11
Correct
Mark 3.00 out of 3.00
A careful analysis by the cost accountant
of People (Pty) Ltd has determined that;
if a plane operates for 1 450 kilometres
(km) during a month, the average semi-
variable operating costs is R1,50 per km.
If the plane operates only 980 km during
a month, the average semi-variable
operating costs is R1,95 per km. Using
the high-low method, the variable costs
per km is calculated as:
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