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Can someone help me please ? 1.A business expresses its profit as a margin of 40%. The cost of the unit is 240. What is
Can someone help me please ?
1.A business expresses its profit as a margin of 40%. The cost of the unit is 240. What is the selling price of the unit? a) 400 c) 336 b) 600 d) 384 2.Recent results of a division are: 12 March 2020: buy 1000 units at 5 each 21 March 2020: buy 500 units at 7 each 30 March 2020: sell 800 units at 12 each Using the FIFO system, what will be the value of inventory remaining at 31 March 2020? a) 4,000 c) 3,500 b) 1,000 d) 4,500 3.A company orders 6,225 units per order. Each unit costs 8 to purchase and the cost of holding one unit for one year is 5% of the purchase price. The cost of placing each order is 240 and annual demand is 30,000 units. The economic order quantity (EOQ) is? a) 6,000 units c) 5,450 units b) 4,360 units d) 8,486 units 4. The sales budget is the starting point for preparation of the: a) direct materials budget c) factory overheads budget b) direct labour budget d) none of the above 5.An adverse material usage variance together with a favourable materials price variance could suggest that: a) We are paying less for our materials than expected but we are using more materials b) We are paying higher prices for our materials than expected c) We are paying less for our materials, and we are using less than expected d) We are using less material than expected but we are paying more than we should 6. The following information is available for Johnston Ltd. Basic pay =8/ hour for a 40 -hour week. Normal production in that time =120 units. Bonus =50% of the time saved on production and is paid at a time and a quarter. What will be the total wage in a week in which 150 units are made in 40 hours? a) 320 c) 360 b) 370 d) 470 7.Which of the following best describes a Joint-Product? a) It is the expected loss in the efficient production of products. b) It is that part of the output of a process which produces one or more products which have relatively low sales values c) It is that part of the output of a process where two or more products are produced which have substantial sales value to a business d) It is what happens when production is less efficient than expected and the actual loss is greater than expected. 8.A company manufactures one product, the JB3. Budgeted fixed overhead per unit is 1 and budgeted output is 4,000 units. Actual output is 4,800 units and the actual overheads are 44,800. What is the fixed overhead expenditure variance? a) 3,200 Adverse c) 4,800 Adverse b) 4,800 Favourable d) 3,200 Favourable The cash flows for a project are 3,000 in Year 1, 5,000 for Year 2, and 4,000 in Year 3. The project pays back for itself in 2.5 years. The initial cost of the project was: a) 10,000 c) 12,000 b) 8,000 d) 11,000
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