q1 The users of management accounting include:

i for profit organisations

ii not-for-profit organisations

iii city governments

iv educational institutions

A.

i, iii and iv

B.

i and ii

C.

All of the given answers

D.

i

q2 Perficient Ltd has accumulated the following data for the most recent 6-month period.

Month	Machine hours	Maintenance services cost
January	35,000	$55,000
February	18,000	30,000
March	21,000	40,000
May	7,500	15,000
June	13,400	25,000
July	9,000	19,000

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

A.

$0.69 per machine hour

B.

$1.45 per machine hour

C.

$1.54 per machine hour

D.

$0.96 per machine hour