1. Management accounting is primarily concerned with providing: a) Information to managers inside the organisation as well as information to creditors and other outside stakeholders. b) Information to shareholders, SARS, creditors and banks. c) Information to managers inside the organisation. d) Information to governmental regulatory agencies. (1) In a manufacturing company, direct labour costs combined with direct material costs are known 2. a) b) c) d) conversion costs period costs prime costs opportunity costs 3. Which one of the following items should not appear in the cash budget of a company? a) Sales commission received b) Depreciation Administrative cost paid d) Rent paid 4. Which one of the following is most relevant in assessing the working capital of a company? a) Debt ratio b) Return on equity c) Operating ratio d) Current ratio 5. .is most appropriate where goods are made according to customer specifications. a) Normal costing b) Process costing c) Actual costing d) Job costing 6. All of the following, except ... are external stakeholders of the company. a) the environment b) shareholders c) government d) customers Unisa's statement "the African University shaping futures in the service of humanity is an example of a a) goal mission statement objective d) vision statement b) (1) 8. Which one of the following would most likely be included as part of manufacturing overhead in the production of a wooden table? a) The amount paid to the individual who stains the table. b) The commission paid to the salesperson who sold the table. c) The cost of wood used in the table. d) The cost of glue used in the table. 5. is most appropriate where goods are made according to customer specifications. a) Normal costing b) Process costing c) Actual costing d) Job costing 6. All of the following, except ... are external stakeholders of the company. a) the environment b) shareholders government d) customers Unisa's statement "the African University shaping futures in the service of humanity" is an example of a a goal b) mission statement c) objective d) vision statement (1) Which one of the following would most likely be included as part of manufacturing overhead in the production of a wooden table? a) The amount paid to the individual who stains the table. b) The commission paid to the salesperson who sold the table. The cost of wood used in the table. d) The cost of glue used in the table. In establishing the value of closing inventory of merchandise for disclosure in the financial statements, all of the following information will be required, except for... a) whether a periodic or perpetual inventory system is used for recording inventory. b) the cost-flow assumption to be adopted. c) the purchase cost of the inventory. d) the number of physical units on hand on the last day of the financial year. 10. Which one of the following costs could contain both variable and fixed cost elements with respect to the production output of the company? a) Sales commission b) Direct material c) Manufacturing overhead d) Administrative salaries (1) [10] 12 MAC1501/102 QUESTION 2 (34 marks) (40 minutes)