$1)$

Which of the following is correct about the main objectives of cost accounting?

a$)$ Determine the tax liability of the company.

b$)$ Assist in the audit of accounting information.

c$)$ Calculate the cost per unit of production.

d$)$ Analyse the protitability of the company.

$2)$

Which of the following is correct about the distinction between "production cost" and "period expense"

a$)$ Production cost refers to the expenses incurred in manufacturing goods, while period expense includes costs associated with selling and administrative activities.

b$)$ Production cost includes costs related to selling and administrative activities, while period expense refers exclusively to manufacturing expenses.

c$)$ Production cost and period expense are synonymous terms and refer to the same expenses incurred in the production process.

d$)$ Production cost and period expense both encompass the indirect costs associated with overhead, while direct costs are excluded from both categories.

$3)$

Which of the following statements accurately describes the role of cost accounting in an organization's decision$-$making process?

a$)$ Cost accounting primarily focuses on tracking historical financial data and preparing financial statements for external stakeholders.

b$)$ Cost accounting involves analysing and reporting on the costs incurred in manufacturing goods or providing services, aiding in cost control and performance evaluation.

c$)$ Cost accounting is solely concerned with allocating overhead costs to production activities and does not contribute to managerial decisionmaking.

d$)$ cost accounting is limited to calculating the lirect costs of production and does not encompass adirect costs or other expenses.

Which of the following statements lost highlights the difference Ietwean cost accombment and financial accom

a$)$ Cost accounting focuses on traching the historical financial performance of a company, while financial accoumting involves analysing the costs ascelited with manufacturing goods.

b$)$ Cost accounting provides detailed information on the costs of producing goouls or services within a company, while financial accounting is concerned with reporting financial information to extemal stakeholders.

c$)$ Cost accounting is primarily concerned with calculating the profitability of a company, while financial accounting foctses on determining the efficiency of production processes.

d$)$ Cost accounting encompasses the preparation of financial statements for internal decision$-$making. while financial accounting involves the analysis of costs for regulatory compliance purposes.

Which of the following statements about cost behaviour is correct?

a$)$ Costs that remain constant in total regardless of changes in the level of activity are classified as pe unit fixed costs.

b$)$ Semi$-$variable costs fluctuate in direct proportio

to changes in the level of activity and are easi identifiable.

c$)$ Mixed costs consist entirely of fixed compone and do not vary with changes in activity levels.

d$)$ Variable costs per unit remain constant, wh total variable costs change proportionately $v$ changes in the level of activity.

Which of the following statements about behaviour of fixed costs in relation to change activity levels is correct?

a$)$ Fixed costs per unit decrease as activity increase.

b$)$ Fixed costs per unil remain constant regard changes in activity levels.

c$)$ Total fixed costs decrease proportionall increases in activity levels.

d$)$ Fixed costs vary in direct proportion $10$ in activity levels.