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Exam (elaborations)

MAC2601 Assignment 2 2024

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MAC2601 Assignment 2 2024

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Institution
Course

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Uploaded on
April 6, 2024
Number of pages
126
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

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,1. UNISA
2. 2024
3. MAC2601-24-S1
4. Welcome Message
5. Assessment 2




Assessment 2

Started on Friday, 5 April 2024, 1:35 AM
State Finished
Completed on Friday, 5 April 2024, 2:24 AM

Time taken 49 12
Marks 40.00/40.00
Grade 10.00 out of 100.00




Question 1

Correct

Mark 1.00 out of 1.00




The remuneration of these employees
would be classi ed as cost of indirect
labour:


a. Maintenance workers in a 
food manufacturer

b. Bricklayers in a construction
company

c. Machinists in a clothing
manufacturer

d. Assemblers in a furniture
manufacturer




Question 2
Correct

Mark 1.00 out of 1.00




The calculated break-even point of a
company may be affected by ...


a. Selling price 

b. Pre-determined rate

c. Process costing

d. Number of units sold

,Correct

Mark 1.00 out of 1.00




The CVP analysis is always made within the relevant ….


a. scenario

b. range 

c. person

d. product




Correct

Mark 1.00 out of 1.00




In describing the linear cost function, y = a + bx, it is correct to say …


a. a is the variable cost per unit.

b. y is the independent variable.

c. a and b are both constant at all levels of output.

d. b equals the change in cost divided by the change in output. 

, Question 3
Correct

Mark 1.00 out of 1.00




When allocating xed manufacturing overheads to products, which output capacity
should be utilised for external reporting purposes?


a. Normal capacity 

b. Practical capacity

c. Maximum capacity

d. Variable production capacity




Question 4
Correct

Mark 1.00 out of 1.00




The calculated break-even point of a company may be affected by ...


a. Selling price 

b. Process costing

c. Pre-determined rate

d. Number of units sold




Question 5
Incorrect

Mark 0.00 out of 1.00




What reason would not constitute a valid reason for keeping inventory?


a. Transaction motive 

b. Precautionary motive

c. Regulatory motive

d. Speculative motive

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