[8] Capricciosa Ltd reported the following data for April 2018: Budgeted factory overhead 1,044,000 Budgeted direct labour hours 72.000 Budgeted machine hours 24,000 Actual factory overhead 1,037,400 Actual direct labour hours 72,600 Actual machine hours 23,600 Assuming Capricciosa Ltd applied overhead based on direct labour hours, the company's overhead rate for April 2018 is: a) 43.50 per direct-labour hour b) 14.38 per direct-labour hour c) 44.24 per direct-labour hour d) 14.50 per direct-labour hour 3 Marks 19] 9 Normal and abnormal losses should be classified as: Normal Abnormal a) Period cost Period cost b) Product cost Period cost c) Period cost Product cost d) Product cost Product cost 1 Mark [10] Which one of the following methods uses units of output to alocate joint costs to joint products? a) Net realizable value method b) Physical units method c) Sales value at split-off method d) Activity-based costing method 1 Mark [11] Which one of the following is the most useful measure for comparing the risk of two alternative products? a) Contribution margin ratio b) Margin of safety ratio c) Breakeven point d) Sensitivity analysis 1 Mark