Examen
Mac1501 Assignment 1 semester 1 2024
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3/12/24, 2:11 PM Assessment 1: Attempt reviewUNISA 2024 MAC1501-24-S1 Welcome Message Assessment 1
QUIZ
Started on Tuesday, 12 March 2024, 1:52 PM
State Finished
Completed on Tuesday, 12 March 2024, 2:11 PM
Time taken 18 mins 29 secs
Marks 29.00/32.00
Grade 90.63 out of 100.00
Question 1
Correct
Mark 2.00 out of 2.00
Modise manufactures plastic toys. In determining the cost of making a toy, classify WHATSAPP EXPERT ACADEMY
the following costs as manufacturing overheads or non-manufacturing overheads. 0833851178
Manufacturing overhead
Factory water and electricity bills.
Ink for the printer that used to print monthly Non-manufacturing overhead
salary slips.
Question 2
Correct
Mark 2.00 out of 2.00
Complete the following statements by choosing the correct answer:
In absorption costing, input costs typically consist of
direct materials, direct labour and production overheads
In determining the value of closing inventory of merchandise for disclosure in the
nancial statements, all of the following information will be required except for
whether a periodic or perpetual inventory system is used for recording inven
.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15546371&cmid=844968 1/6
,3/12/24, 2:11 PM Assessment 1: Attempt review
Question 3
Correct
Mark 2.00 out of 2.00
The effect of decreasing activity levels on total costs is as follows:
Total xed cost remains constant
Total variable cost falls
Question 4
Correct
Mark 2.00 out of 2.00
Complete the following statements by choosing the correct answer:
Standard costing is a basis for measuring the cost of goods
manufactured.
Merchandise is inventory that was purchased with the intention to
sell it again in unaltered form.
Question 5
Correct
Mark 2.00 out of 2.00
Several costs incurred by Thupa Golf Equipment (Pty) Ltd are listed below. Indicate
if the following costs will be assigned to the cost of production using direct tracing,
cost allocation, or apportionment:
Wages paid to employees who direct tracing
assemble golf bags.
Cost of electricity used to air- cost allocation, or apportionment
condition the factory.
Question 6
Correct
Mark 2.00 out of 2.00
Mmamazala (Pty) Limited manufactures and sells aluminum cans. Classify the
following items as consumables or indirect materials:
Cleaning agents for washing the cans before packing. Consumables
Vanish used for vanishing the bottoms of the cans. Indirect materials
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15546371&cmid=844968 2/6
, 3/12/24, 2:11 PM Assessment 1: Attempt review
Question 7
Correct
Mark 2.00 out of 2.00
Complete the following statements by choosing the correct answer:
Some costs are part xed and part variable and are called semi-variable
costs.
Ordering costs are all the costs relating to the preparation and
processing of purchasing documentation and to receiving and inspecting the
purchased items.
Question 8
Partially correct
Mark 1.00 out of 2.00
Consider the following statements and state whether they are true or false.
Consumables are those supplies that form an integral part of True
nished goods.
According to the perpetual inventory system, freight charges on
True
merchandise purchased are considered a cost of purchase and
are debited to the inventory of merchandise control account.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15546371&cmid=844968 3/6
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