Question 11 Variance analysis is used to compare planned and actual performance. Which of the following is a reason for the occurrence of variances? Not yet answered 7 Marked out of 2.0 13 Flag question O a. Use of advance standard costing techniques O b. When actual performance is the same as the planned estimates. OC. Measurement errors in budgeted figures: O d. None of the Options 19 25 31 37 Question 12 Not yet answered An Income Statement is prepared using the Accruals or Matching Principle. When does this principle recognise financial transactions? 43 Marked out of 20 49 P Flag question O a. At the time they happen. Ob. When the cash is received. Oc. When legal ownership is established O d. In the period credit is given. Finish Question 13 Not yet answered In our Wk10 seminar, we used a simple Risk Matrix diagram to plot the issues facing Roehampton University. Where the probability of an issue and its impact were both high, what was the suggested action to take? Marked out of 20 P Flag question O a Make contingency plans. O b. Review the issue periodically. Oc Monitor the Probability. od Monitor issue impact The formal definition of Working Capital is ? Question 14 Not yet answered Marked out of 20 O a Inventory + trade receivables + cash + trade payables - bank overdrafts Ob Inventory + trade receivables + cash-trade payables - bonk overdrafts Oc Current assets + Current Liabilities, od Inventory + trade receivables - cash - trade payables + bank overdrafts. Flag question Question 15 Not yet answered in 2020, Delia's accounts show her opening inventory to be 142,000 and her closing inventory to be 166,000. Her cost of sales (COGS) for the year is 544,000. What is Delia's Average Inventory Turnover Period (rounded up to full days) for that year? Marked out of 20 P Flag question O a. 161 days 27 O b. 154 days. O c. 111 days O d. 104 days