The staffing policy for a supermarket is to have one cashier station open for every forecasted 20 customers per hour. Cashiers are hired by the hour as and when required, and do not perform...
CORRECT TEXT A company uses full cost pricing. The unit costs for product Z are given below. What price per unit should be charged in order to achieve a profit margin of 20%? Give...
In a manufacturing company which produces a range of products, the production manager's salary would be classified as A. A. Direct labour cost B. Direct expense C. Indirect labour cost D. Indirect expenseView AnswerAnswer:...
The gradient of the line plotted on a profit/volume (PV) graph is determined by:A . The fixed costsB . The number of units soldC . The margin of safetyD . The profit/volume ratioView AnswerAnswer:...
Which of the following cannot be used to split costs into fixed and variable elements?A . Absorption costingB . High-low methodC . ScattergraphD . Line of best fitView AnswerAnswer: A
CORRECT TEXT Refer to the exhibit. Each unit of product ‘Smitten’ uses 5 kgs of material 'Z'. The budgeted details for March are as follows: It is anticipated that sales of product ‘Smitten’ in...
CORRECT TEXT Refer to the exhibit. The following information relates to Job 123: The selling price to the customer for Job 123 is:View AnswerAnswer: $27030
A company’s cash budgetary plans show that there will be surplus cash for three months of the forthcoming year. Which THREE of the following would be appropriate management actions in this situation?A . Offer...
Which one of the following is an advantage of placing the management accounting function within a centralized finance department?A . The management accountant obtains better knowledge of specific parts of the businessB . Costs...
Which of the following industries would not use process costing?A . BrewingB . House-buildingC . ChemicalD . Food processingView AnswerAnswer: B
