1.Choose the statement that best completes this sentence: 'Traditional managementaccounting focuses on ...'

Select one:

A.

external reporting, labour-related activity measures and cost elimination.

B.

financialperformancemeasures,externalreportingandcostelimination.

C.

non-financialperformancemeasures,externalreportingandcostcontrol.

D.

budgets, financial performance measures and cost control.

2.Which of the following statements is true?

Select one:

A.

Different cost concepts and classifications are used for different purposes.

B.

Costdata,onceclassifiedandrecorded,canbeusedforanypurpose.

C.

None of the given answers

D.

The word cost has the same meaning in all situations in which it is used.

Clear my choice

3.Swin Ltd is a manufacturer with the following information available at year-end:

Direct material used

$ 500,000

Salary of the CEO

80,000

Direct labour

280,000

Indirect labour

30,000

Administrative cost

240,000

Depreciation of factoryequipment

5,000

Factory rent

25,000

The total of the product costs listed above for the year is:

Select one:

A.

$220,000

B.

$580,000

C.

$210,000

D.

$840,000

4.Emerald Ltd has accumulated the following data for the most recent 6-month period.

Month

Direct labour hours

Maintenance services

July

27,000

$46,000

August

20,000

29,000

September

21,000

40,000

October

8,000

17,000

November

12,000

20,000

December

9,000

20,000

Management believes that maintenance cost is a mixed cost that depends on direct labour hours. Using the high-low method to estimate the variable component of this cost, the estimate would be closest to:

Select one:

A.

$1.53 per direct labour hour

B.

$1.56 per direct labour hour

C.

$0.69 per direct labour hour

D.

$0.66 per direct labour hour

5.The following information is available for Jess Manufacturing:

Unit selling price

$60

Direct material

$8 per unit

Direct Labour

$9 per unit

Variable factory overhead

$7 per unit

Variable selling & administrative expenses

$6 per unit

Total fixed costs per annum

$250,000

The volume in terms of sales dollar needed to yield a target net profit of $50,000 is:

Select one:

A.

$500,000

B.

$600,000

C.

$384,615

D.

$416,667

Typed answers only, not image. Thank you.