Exam (elaborations)
MAC2601 Assignment 2 Semester 1 2024
- Course
- MAC2601 (MAC2601)
- Institution
- University Of South Africa (Unisa)
MAC2601 Assignment 2 2024
[Show more]
1 review
By: ironmanstark4324 • 7 months ago
Content preview
1. UNISA2. 2024
3. MAC2601-24-S1
4. Welcome Message
5. Assessment 2
Assessment 2
Started on Friday, 5 April 2024, 1:35 AM
State Finished
Completed on Friday, 5 April 2024, 2:24 AM
Time taken 49 12
Marks 40.00/40.00
Grade 10.00 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
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 ...
a. Selling price
b. Pre-determined rate
c. Process costing
d. Number of units sold
,Correct
Mark 1.00 out of 1.00
The CVP analysis is always made within the relevant ….
a. scenario
b. range
c. person
d. product
Correct
Mark 1.00 out of 1.00
In describing the linear cost function, y = a + bx, it is correct to say …
a. a is the variable cost per unit.
b. y is the independent variable.
c. a and b are both constant at all levels of output.
d. b equals the change in cost divided by the change in output.
,Question 3
Correct
Mark 1.00 out of 1.00
When allocating xed manufacturing overheads to products, which output capacity
should be utilised for external reporting purposes?
a. Normal capacity
b. Practical capacity
c. Maximum capacity
d. Variable production capacity
Question 4
Correct
Mark 1.00 out of 1.00
The calculated break-even point of a company may be affected by ...
a. Selling price
b. Process costing
c. Pre-determined rate
d. Number of units sold
Question 5
Incorrect
Mark 0.00 out of 1.00
What reason would not constitute a valid reason for keeping inventory?
a. Transaction motive
b. Precautionary motive
c. Regulatory motive
d. Speculative motive
, Question 6
Correct
Mark 1.00 out of 1.00
A manufacturing company uses direct labour cost as a basis for determining its
predetermined overhead recovery rate. In calculating the predetermined overhead
recovery rate for the past year, the company misclassi ed a portion of direct labour
cost as indirect labour cost. This misclassi cation will …
a. have no effect on the predetermined overhead recovery rate
b. It is impossible to tell if there will be any effect, based on the information
provided.
c. overstate the predetermined overhead recovery rate.
d. understate the predetermined overhead recovery rate.
Question 7
Correct
Mark 1.00 out of 1.00
The output selected as the denominator in calculating the overheard rate can be … or
cost based.
a. Volume-based
b. unit cost based
c. sales based
d. pro t based
Question 8
Correct
Mark 1.00 out of 1.00
The most relevant use of the clock card is to …
a. facilitate payment for time spent on the work premises.
b. allow calculation of bonus payment.
c. measure employee e ciency.
d. allow labour time to be charged to the right job.
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MiMemo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now