Good day, I would like assistance with the following questions please include calculations where applicable.

Question 1 Not yet answered Marked out of 2.00 P Flag question A company absorbs factory overheads at a rate of N$25.00 per direct labour hour. At the beginning of the year, the company estimated that the direct labour hours were 10 000 hours. During the year, the actual direct labour hours and actual manufacturing overheads costs incurred were 12 000 hours and N$350 000, respectively. The amount of factory overheads charged during the period was: Answer: Question 2 Not yet answered Marked out of 1.00 Flag question In the code of ethics followed by management accountants, confidentiality is: a. Not revealing or disclosing privileged or private information b. Accepting the consequences of actions and decisions c. Being courteous and decent d. Being honest, standing for what is right Question 3 Not yet answered Marked out of 1.00 P Flag question Which of the following is a forecast of cost at a particular level of activity? a. Cost prediction b. Cost behaviour c. Cost estimation d. Cost prevention Question 4 Not yet answered Marked out of 2.00 P Flag question Double Quality Company's direct wages is 60% of its total conversion costs. if manufacturing overheads is N$60 000 and if direct materials are N$28 000. The direct labour cost is: Answer: Question 5 Not yet answered Marked out of 4.00 P Flag question An employee is paid N$35.00 per hour and normally works eight hours daily from Monday to Friday. During a certain week he also worked four hours on Saturday for which he was remunerated at time-and- a-half. On Sunday he worked for two hours at double rate. His gross wage for the week amounted to: Answer: Question 6 Not yet answered Marked out of 2.00 P Flag question Double Quality Company's direct wages is 60% of its total conversion costs. if manufacturing overheads is N$60 000 and if direct materials are N$28 000. The total manufacturing cost is: Answer: Question 7 Not yet answered Marked out of 1.00 P Flag question Management accounting is used by: a. Employees b. External users c. Shareholders d. Internal managers Question 8 Not yet answered Marked out of 1.00 Flag question In the code of ethics followed by management accountants, integrity is: a. Being honest, standing for what is right b. Being just and unbiased c. Being courteous and decent d. Accepting the consequences of actions and decisions Question 9 Not yet answered Marked out of 1.00 P Flag question The following statement is NOT true: a. A new order for raw material should be placed as soon as the maximum inventory level is reached. b. Inventory can be classified as raw material, work-in-process or finished goods. c. Ordering costs include all costs relevant to the ordering and receipt of the raw material. Question 10 Not yet answered Marked out of 1.00 P Flag question The following statement is NOT true: a. Prime cost consists of direct material plus direct labour b. Selling expenses is an example of a non- manufacturing cost. c. If production increases, the fixed cost will remain constant but will increase per unit. d. If production increases, the fixed cost will remain constant but will decrease per unit. Question 11 Not yet answered Marked out of 2.00 P Flag question The storekeeper of a tyre manufacturing company has to plan the firm's inventory requirements for the valves used in the tyres. The monthly usage is 500 valves. The storekeeper has reported that the cost to keep one valve in the storeroom for one year is N$5. The valves are supplied by a firm in Angola which normally delivers the valves between one month and 2 months after the order was placed. The cost to place an order is N$150. The storekeeper has asked you to assist him in calculating some of the inventory levels. Calculate the Annual ordering cost Answer: Question 12 Not yet answered Marked out of 3.00 P Flag question A company employs 100 direct workers in the factory, who are paid a basic rate of $5 per hour for a 35-hour week. In addition to working their normal hours last month, each worker was asked to work an additional 5 hours' overtime per week to meet general production requirements. All overtime hours are paid at time and a half. As a result of some faulty material, 150 hours of direct labour time were registered as idle. Employee deductions total 30% of gross wages. For the four-week period just ended, calculate the gross wages Answer: Question 13 Not yet answered Marked out of 1.00 P Flag question Cost accounting has the following functions: a. Providing information to external parties b. Providing information for internal use c. All these d. Estimating costs of products and services Question 14 Not yet answered Marked out of 1.00 P Flag question In the code of ethics followed by management accountants, accountability is: a. Not revealing or disclosing privileged or private information b. Accepting the consequences of actions and decisions c. Being courteous and decent d. Being honest, standing for what is right Question 15 Not yet answered Marked out of 3.00 P Flag question Pride currently pays its direct production workers on a time basis, at a rate of $8.20 an hour. In an effort to improve productivity, Pride is introducing a bonus based on (time taken /time allowed) x time saved x rate per hour. The standard time allowed for a worker in the assembly department to perform this particular operation once has been agreed at 45 minutes. In the first week of operation, Paul worked for a total 45 hours and performed 99 operations. Calculate the gross wages Paul should receive for this first week Answer: Question 16 Not yet answered Marked out of 2.00 P Flag question North Coast Boards manufactures various types of furniture. During a particular month, 2 000 units were manufactured and sold. The following cost details were provided: Cost item N$(per unit) Timber 100 Labour cost (carpenter) 80 Variable factory overhead 50 Commission 20 Other costs incurred were N$20 000 for fixed factory overheads and N$15 000 for fixed selling expenses Calculate the prime cost per unit Answer: Question 17 Not yet answered Marked out of 3.00 P Flag question North Coast Boards manufactures various types of furniture. During a particular month, 2 000 units were manufactured and sold. The following cost details were provided: Cost item N$(per unit) Timber 100 80 Labour cost (carpenter) Variable factory overhead 50 Commission 20 Other costs incurred were N$20 000 for fixed factory overheads and N$15 000 for fixed selling expenses Calculate the total manufacturing cost Answer: Question 18 Not yet answered Marked out of 2.00 Flag question The storekeeper of a tyre manufacturing company has to plan the firm's inventory requirements for the valves used in the tyres. The monthly usage is 500 valves. The storekeeper has reported that the cost to keep one valve in the storeroom for one year is N$5. The valves are supplied by a firm in Angola which normally delivers the valves between one month and 2 months after the order was placed. The cost to place an order is N$150. The storekeeper has asked you to assist him in calculating some of the inventory levels. Calculate the Annual carrying/holding cost Answer: Question 19 Not yet answered Marked out of 1.00 Flag question Financial accounting is characterised by which of the following: a. All of the above b. Objectivity c. Reliability d. Consistency Question 20 Not yet answered Marked out of 2.00 P Flag question Double Quality Company's direct wages is 60% of its total conversion costs. if manufacturing overheads is N$60 000 and if direct materials are N$28 000. The total prime cost is