[1] On a profit-volume graph, the profit line cuts the horizontal axis at: a) the origin. b) the break-even point. the company's fixed costs. the company's total variable costs. 1 Mark [2] All of Colosseum Plc's operations are housed in one building with the costs of occupying the building accumulated in a separate account. The total costs incurred in March amounted to 24,000. The company allocates these costs on the basis of square feet of floor space occupied. Administrative offices, sales offices, and factory operations occupy 9,000, 6,000, and 30,000 square feet, respectively. How much will be classified as a product cost for March? a) 4,800 b) 3,200 c) 16,000 d) 24,000 [3] 2 Marks Pisa Tower Ltd incurred 150,000 to manufacture the following products in a joint process: Product Units produced Weight per unit Selling price per unit A 250 4 kgs 20 B 500 3 kgs 40 C 750 2 kgs 40 D 1,000 1 kgs 20 Page 2 of 15 Cont'd... ACC1003 / May 2019 What share of the joint costs will be allocated to product B based on the physical- measure method? a) 150,000 b) 30,000 c) 45,000 d) 50,000