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THIS QUESTION CONSISTS OF TEN (10) FILL-IN ONE-WORD QUESTIONS OF ONE (1) MARK PER QUESTION. FOR EACH QUESTION, SIMPLY WRITE DOWN THE NUMBER OF THE
THIS QUESTION CONSISTS OF TEN (10) FILL-IN ONE-WORD QUESTIONS OF ONE (1) MARK PER QUESTION. FOR EACH QUESTION, SIMPLY WRITE DOWN THE NUMBER OF THE QUESTION TOGETHER WITH THE CORRECT WORD IN YOUR ANSWER SCRIPT. 1. The weighted average method assumes costs flow at unit costs, which are updated after every receipt of goods or materials into the stores. 2. The purpose of the production units statement in process costing is to determine the total number of units that must be accounted for (step 1) and the equivalent number of units that must share in the costs for the period (step 2). 3. Decisions that are taken by management for the future will inevitably carry uncertainty and some 4. Teki-teki (Pty) Ltd is a manufacturer of shoes. The management accountant has calculated budgeted contribution for the quarter as R 36000 . Planned production and sales units are 900 pairs. If the budgeted variable cost per pair is R350, the budgeted selling price of a pair Tekiteki shoes is
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