Question
No need explanation, just put the answer 1.Vista Manufacturing Sdn Bhd incurred direct material cost of RM20,000, direct labour cost of RM10,000, product delivery fees
No need explanation, just put the answer
1.Vista Manufacturing Sdn Bhd incurred direct material cost of RM20,000, direct labour cost of RM10,000, product delivery fees of RM5,000 and production overhead cost of RM35,000. Calculate the inventoriable cost.
Select one:
a. RM70,000
b. RM65,000
c. RM30,000
d. RM35,000
2.The relevant costing involves making decision to the following, except:
Select one:
a. overcome limited factors.
b. price higher or lower.
c. accept or reject a special order.
d. keep or drop a segment or product line.
3.Below are the methods to compute the break-even point, except:
Select one:
a. contribution margin method.
b. cost-volume-profit graphic presentation.
c. mathematical equation method.
d. profit margin method.
4.The financial budget comprises of the following, except:
Select one:
a. cash budget.
b. investment budget.
c. budgeted cash flows.
d. capital budget.
5.Which is not the factor causing unfavourable direct material usage?
Select one:
a. Change in rate of utility costs
b. Faulty machine used in the production process
c. Ineffective supervision
d. Inexperienced direct labour
6.A flexible budget is a budget that:
Select one:
a. contains only variable production costs.
b. is updated with actual costs as they occur during the period.
c. is prepared using a computer spreadsheet application.
d. is updated to reflect the actual level of activity during the period.
7.Harville Midwifery's cost formula for its wages and salaries is $1,610 per month plus $199 per birth. For the month of March, the company planned for activity of 118 births, but the actual level of activity was 122 births. The actual wages and salaries for the month was $25,430. The spending variance for wages and salaries in March would be closest to:
Select one:
a. $458 F
b. $338 U
c. $458 U
d. $338 F
8.Lesinski Snow Removal's cost formula for its vehicle operating cost is $1,770 per month plus $483 per snow-day. For the month of February, the company planned for activity of 19 snow-days, but the actual level of activity was 24 snow-days. The actual vehicle operating cost for the month was $13,070. The spending variance for vehicle operating cost in February would be closest to:
Select one:
a. $2,123 U
b. $292 F
c. $2,123 F
d. $292 U
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