Within a relevant range of output, the fixed cost per unit of a product will:A . Increase as total output increasesB . Remain constant as total output increasesC . Reduce as total output increasesD...
Which of the following is a relevant cost?A . A sunk costB . A committed costC . An incremental costD . A historical costView AnswerAnswer: C Explanation: Reference: https://www.acowtancy.com/textbook/cima-p1-2015/c1-relevant-costing/concept-of-relevant-costing/notes
CORRECT TEXT Apex Plc has budgeted to sell 8,000 units of A in the year. Opening inventory of A is estimated at 1,000 units and the company plans to reduce inventory levels of all...
CORRECT TEXT C Ltd produces a chemical in a single process. Information for this process last month is as follows: (a) Opening work in progress - 10000 kg valued at £10000 for direct material...
The concept of the time value of money:A . recognises the fact that a cash flow received today will always be worth more than a larger cash flow received in the future.B . is...
The following is an extract from a budgetary control report for the latest period: The budget variance for prime cost is:A . $3,260 adverseB . $18,580 adverseC . $3,340 adverseD . $3,260 favourableView AnswerAnswer:...
