Exam (elaborations)
MAC2601-S2-2024-ASSESSMENT 1 ALL QUESTIONS ARE COVERED 90% PASS A+
- Institution
- University Of South Africa (Unisa)
MAC2601-S2-2024-ASSESSMENT 1 ALL QUESTIONS ARE COVERED 90% PASS
[Show more]
Content preview
MAC2601-S2-24-ASSESSMENT-1Assessment 1
Open course index
Started on Sunday, 18 August 2024, 2:24 PM
State Finished
Completed on Sunday, 18 August 2024, 3:38 PM
Time taken 1 hour 13 mins
Marks 36.00/40.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The concept of “break-even units” means ….
a.
The number of units needed to be sold to cover all the fixed costs.
b.
The number of units needed to be sold to cover both the fixed and variable costs.
c.
The number of units needed to be sold to cover most of the costs.
d.
The number of units needed to be sold to cover all the variable costs.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
For internal reporting … costing is used; while for external reporting … costing is
used.
a.
Internal: absorption; External: variable
b.
Internal: variable or absorption; External: variable
, MAC2601-S2-24-ASSESSMENT-1
c.
Internal: variable or absorption; External: absorption
d.
Internal: variable; External: variable or absorption
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Management’s control function involves ….
(I) monitoring.
(II) measuring and comparing planned outcomes with actual outcomes.
(III) taking appropriate action where there are significant variances.
a.
(II) and (III) only.
b.
(I) only.
c.
All the options.
d.
(I) and (II) only.
Question 4
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
….. is/are the method(s) used for accumulating production costs.
(I) Budgeted costing
(II) Actual costing
(III) Standard costing
(IV) Process costing
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 controllockinfo. 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)
53068 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now