OSCAR THE TUTOR
oscardiura@gmail.com
WHATSAPP: 0737560989
Started on Thursday, 4 April 2024, 12:59 PM
State Finished
+27844708483 for
Completed on Thursday, 4 April 2024, 1:39 PM FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
Time taken 40 mins 17 secs DSC
Marks 30.00/40.00
Grade 75.00 out of 100.00
Question 1 Symphony Ltd manufactures a variety of musical instruments. The salaries/wages of the chief executive officer of the company will be
Correct debited to the … account.
Mark 1.00 out
of 1.00
a. direct labour
Flag
question b. salaries and wages expense
c. production overheads
d. work-in-progress
Question 2 The most relevant use of the clock card is to …
Correct
Mark 1.00 out a. measure employee efficiency.
of 1.00
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b. facilitate payment for time spent on the work premises.
question
c. allow labour time to be charged to the right job.
d. allow calculation of bonus payment.
Question 3 Over-application (over-recovery) of production overheads means that the …
Correct
Mark 1.00 out a. applied overhead cost was greater than the actual overhead cost.
of 1.00
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b. budgeted overhead cost was less than the applied overhead cost.
question
c. applied overhead cost was less than the actual overhead cost.
d. budgeted overhead cost was less than the actual overhead cost.
Question 4 When a predetermined overhead rate is applied to the actual units manufactured, this is referred to as …
Correct
Mark 1.00 out a. Actual overheads
of 1.00
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b. Fixed overheads
question
c. Applied overheads
d. Budgeted overheads
Question 5 The calculated break-even point of a company may be affected by ...
Correct
Mark 1.00 out a. Process costing OSCAR THE
of 1.00
b. Selling price
TUTOR
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question
oscardiura@gmail
c. Pre-determined rate om
d. Number of units sold WHATSAPP:
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Question 6 Overtime premium is best described as …
Correct
X,QMI,FIN,INV,BN
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U,MNB STA MNG
a. the payment for all hours in excess of the normal working hours.
of 1.00 DSC
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b. a premium paid to workers to compensate for fatigue.
question
c. the difference between the overtime rate and the normal rate per hour, multiplied by the overtime hours.
d. the bonus paid to skilled workers.
,Question 7 The … would not typically appear on a Goods Received Note?
Correct
Mark 1.00 out a. Description of goods
of 1.00
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b. Date received
question
c. Quantity received
d. Price of the goods
Question 8 The labour turnover rate is best described as the …
Correct
Mark 1.00 out a. degree of mobility of employees from one department to another department.
of 1.00
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b. number of employees who successfully completed the required job training programme.
question
c. number of employees recruited each month.
d. total number of employees replaced divided by the average number of employees on the payroll.
Question 9 In describing the linear cost function, y = a + bx, it is correct to say …
Incorrect
Mark 0.00 out a. y is the independent variable.
of 1.00
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b. a and b are both constant at all levels of output.
question
c. b equals the change in cost divided by the change in output.
d. a is the variable cost per unit.
Question 10 When the high-low method is used the variable cost per unit is determined by …
Correct
Mark 1.00 out a. subtracting the fixed cost per unit from the total cost per unit based on either the highest or lowest observation of the output.
of 1.00
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b. using the difference between the highest and lowest observations of the cost driver as numerator and the difference between
question costs associated with the highest and lowest observations of the output as denominator.
c. using the difference between the highest and lowest observations of the cost driver as denominator and the difference
between costs associated with the highest and lowest observations of the output as numerator.
d. performing regression analysis on the associated cost and cost driver database.
Question 11 If a company has over-applied overheads for manufacturing overheads of R15 000, the journal entry for the over-recovery will be ...
Incorrect
Mark 0.00 out a. Debit; Actual overheads R15 000, Credit; Manufacturing overhead R15 000
of 3.00
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b. Debit; Manufacturing overhead R15 000, Credit; Actual overheads R15 000
question
c. Debit; Manufacturing overhead R15 000, Credit; under-applied overheads R15 000
d. Debit; Production overheads clearance R15 000, Credit; Cost of sales R15 000
Question 12 Manto Mazibuko and Zanele Zulu are employed in the manufacturing section of a factory. They are entitled to three weeks' paid leave per
Incorrect annum and a bonus equal to three weeks' normal wages. They are also entitled to 10 paid public holidays per year. They work 40 hours per
Mark 0.00 out week, Monday to Friday. Normal wages per hour are R80 for Manto and R110 for Zanele. The company contributes 12% of normal wages on
of 3.00 behalf of employees towards the pension fund. Normal idle time is considered as 5% of available clock hours for the year.
Flag The labour recovery rate for Zanele is …
question
a. R120,72 per hour
b. R97,95 per hour OSCAR THE TUTOR
c. R150,87 per hour oscardiura@gmail.com
d. R105,93 per hour WHATSAPP: 0737560989
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FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
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Question 13 RPG Printers Ltd is the printer of many academic textbooks. RPG's production costs for the year included the following salaries and wages:
, Correct Flexographic Machine operators: R3 900 000
Mark 3.00 out
of 3.00
Factory foremen: R1 650 000
Flag
Equipment maintenance technicians: R1 050 000
question The amount of direct labour charged to production is …
a. R6 600 000.
b. R4 950 000.
c. R3 900 000.
d. R5 550 000.
Question 14 Zee Pty (Ltd) has sold 6 000 units of product Y at R36 per unit. The company incurred a total variable cost of R180 000 and fixed costs of
Correct R40 000, contribution margin for Zee (Pty) Ltd would be ...
Mark 3.00 out
of 3.00
a. 19,34%
Flag
question b. 81.434%
c. 16.67%
d. 17.34%
Question 15 Manto Mazibuko and Zanele Zulu are employed in the manufacturing section of a factory. They are entitled to three weeks' paid leave per
Correct annum and a bonus equal to three weeks' normal wages. They are also entitled to 10 paid public holidays per year. They work 40 hours per
Mark 3.00 out week, Monday to Friday. Normal wages per hour are R80 for Manto and R110 for Zanele. The company contributes 12% of normal wages on
of 3.00 behalf of employees towards the pension fund. Normal idle time is considered as 5% of available clock hours per year.
Flag The total cost to company of Manto for a year is …
question
OSCAR THE TUTOR
a. R195 968 oscardiura@gmail.com
b. R176 000
WHATSAPP: 0737560989
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c. R156 800 FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG
d. R117 632 DSC
Question 16
Cost-volume-profit (CVP) analysis can assist management to make decisions such as how many units of a … to produce.
Correct
Mark 3.00 out
of 3.00 a. product
Flag b. statement
question
c. report
d. evidence
Question 17 The budget for production overheads for the year was R955 180. Actual production overheads for the year amounted to R945 180.
Incorrect Overheads are applied based on direct labour hours. During the year actual direct labour hours worked were 58 000 hours. If there was an
Mark 0.00 out
over-recovery of production overheads of R220 for the year, then budgeted direct labour hours were … hours.
of 3.00
Flag a. 58 600
question
b. 57 974
c. 58 000
d. 57 986
Question 18 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
Correct 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-
Mark 3.00 out
variable operating costs is R1,95 per km. Using the high-low method, the variable costs per km is calculated as:
of 3.00
a. R0,56
