Exam (elaborations)
MAC2601 ASSESSMENT 2 SEMESTER 1 2024
- Institution
- University Of South Africa (Unisa)
MAC2601 ASSESSMENT 2 SEMESTER 1 2024
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4/6/24, 8:44 PM Assessment 2 (page 1 of 4)UNISA 2024 MAC2601-24-S1 Welcome Message Assessment 2
QUIZ
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Question 1
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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 misclassified a portion of direct labour
cost as indirect labour cost. This misclassification will …
a. It is impossible to tell if there will be any effect, based on the information provided.
b. have no effect on the predetermined overhead recovery rate
c. overstate the predetermined overhead recovery rate.
d. understate the predetermined overhead recovery rate.
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Question 2
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Over-application (over-recovery) of production overheads means that the …
a. budgeted overhead cost was less than the actual overhead cost.
b. applied overhead cost was less than the actual overhead cost.
c. budgeted overhead cost was less than the applied overhead cost.
d. applied overhead cost was greater than the actual overhead cost.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=17033235&cmid=889486 1/2
,4/6/24, 8:44 PM Assessment 2 (page 1 of 4)
Question 3
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The labour turnover rate is best described as the …
a. total number of employees replaced divided by the average number of employees on the payroll.
b. degree of mobility of employees from one department to another department.
c. number of employees who successfully completed the required job training programme.
d. number of employees recruited each month.
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Question 4
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In a perpetual inventory system, purchases of raw material are recorded in the ….
a. Work-in-progress inventory account
b. Purchase of raw materials account
c. Material inventory account
d. Cost of goods sold account
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Question 5
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What reason would not constitute a valid reason for keeping inventory?
a. Transaction motive
b. Regulatory motive
c. Precautionary motive
d. Speculative motive
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,4/6/24, 8:44 PM Assessment 2 (page 2 of 4)
UNISA 2024 MAC2601-24-S1 Welcome Message Assessment 2
QUIZ
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Question 6
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Manufacturing overheads costs are indirect costs incurred during the production process and examples of such costs may
include ...
a. Advertising and selling cost of the product
b. Materials used in the manufacturing process
c. Depreciation on production equipment
d. Depreciation on office buildings
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Question 7
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Symphony Ltd manufactures a variety of musical instruments. The wages of the workers who carve the wood for violins will
be debited to the … account.
a. work-in-progress
b. direct labour
c. salaries and wages expense
d. production overheads
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=17033235&cmid=889486&page=1 1/2
, 4/6/24, 8:44 PM Assessment 2 (page 2 of 4)
Question 8
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Assuming that all variables remain constant, an increase in variable cost per unit will ...
a. Increase contribution
b. Decrease fixed cost
c. Decrease profit
d.
Change nothing
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Question 9
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A perpetual inventory system is a system for ...
a. ensuring that inventory-taking procedures will satisfy the auditors.
b. recording all transactions in the storage department on a continuous basis.
c. checking inventory on the same date in each accounting period.
d. checking physical inventory against bin card information on a continuous basis.
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Question 10
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Smell-Good (Pty) Ltd manufactured and sold 1 000 units of body perfumes. The company incurred fixed costs of R50 000
and made a profit of R30 000 from sales. What is the contribution per unit?
a. R50
b. R30
c. R80
d. R75
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=17033235&cmid=889486&page=1 2/2
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