Exam (elaborations)
Mac1501 Assignement 3 Semester 2 2024
- Course
- Mac151
- Institution
- University Of South Africa (Unisa)
Mac1501 Assignement 3 Semester 2 2024
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9/10/24, 5:32 PM MAC1501-24-S2: Assessment 3UNISA 2024 MAC1501-24-S2 Welcome Message Assessment 3
QUIZ
Assessment 3
Opened: Tuesday, 10 September 2024, 8:00 AM
Closes: Thursday, 12 September 2024, 11:00 PM
818639
This is a mandatory assessment and will count 15% towards your year mark.
This assessment will cover learning units 4 to 8.
Attempts allowed: 2
Time limit: 1 hour 30 mins
Grading method: Highest grade
Summary of your previous attempts
Marks / Grade /
Attempt State 40.00 100.00 Review
1 Finished
Submitted Tuesday, 10 September
2024, 5:32 PM
.
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,9/10/24, 5:32 PM MAC1501-24-S2: Assessment 3
This page is: General type: incourse. Context Quiz: Assessment 3 (context id 26465590). Page
type mod-quiz-view.
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,4/10/24, 8:39 AM Assessment 3: Attempt review
MAC1501-24-S1 Welcome Message Assessment 3
QUIZ
Started on Wednesday, 10 April
2024, 8:08 AM
State Finished
Completed on Wednesday, 10 April
2024, 8:39 AM
Time taken 31 mins 5 secs
Marks 40.00/40.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
In building a cost accounting system,
management must select a cost- ow
assumption from those prescribed by
IFRS.
True
False
Question 2
Correct
Mark 1.00 out of 1.00
The cost of goods manufactured
statement is part of the nancial
statements and must therefore comply
with IFRS requirements.
True
False
Question 3
Correct
Mark 1.00 out of 1.00
Labour turnover refers to the employees
joining the company.
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=17288714&cmid=844970 1/12
, 4/10/24, 8:39 AM Assessment 3: Attempt review
Question 4
Correct
Mark 1.00 out of 1.00
Process costing system is used in those
situations where units of a product are
homogeneous, such as in the
manufacture of sugar.
True
False
Question 5
Correct
Mark 1.00 out of 1.00
For external nancial reporting purposes,
production overheads must be assigned
to inventory of nished goods as well as
work-in-progress.
True
False
Question 6
Correct
Mark 1.00 out of 1.00
The costs of purchase inventories
comprise the purchasing price, transport
and handling costs and other costs
directly related to the acquisition of
nished goods.
True
False
Question 7
Correct
Mark 1.00 out of 1.00
The purpose of the Unemployment
Insurance Fund (UIF) is to provide
bene ts to employees should they
become unemployed.
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=17288714&cmid=844970 2/12
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