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18/08/2022, 00:54 Assessment 1: Attempt review
Dashboard Calendar
Dashboard / Courses / UNISA / 2022 / Semester 2 / MAC2601-22-S2 / Welcome Message / Assessment 1
Started on Thursday, 18 August 2022, 12:17 AM
State Finished
Completed on Thursday, 18 August 2022, 12:54 AM
Time taken 36 mins 22 secs
Marks 34.00/40.00
Grade 85.00 out of 100.00
Question 1
Incorrect
Which of the following is an advantage of using the high-low method?
Mark 0.00 out of
1.00
a. It ignores stepped costs.
b. It cannot establish the exact degree of correlation between the variables.
c. It is fairly accurate where correlation between the variables is very close to 1.
d. It has a strong statistical foundation.
Question 2
Incorrect
A manufacturing company uses direct labour cost as a basis for determining its predetermined overhead recovery rate. In calculating the predetermined overhead re
Mark 0.00 out of
portion of direct labour cost as indirect labour cost. This misclassification will …
1.00
a. understate the predetermined overhead recovery rate.
b. It is impossible to tell if there will be any effect, based on the information provided.
c. have no effect on the predetermined overhead recovery rate
d. overstate the predetermined overhead recovery rate.
Question 3
Correct
Overtime premium is best described as …
Mark 1.00 out of
1.00
a. a premium paid to workers to compensate for fatigue.
b. the bonus paid to skilled workers.
c. the difference between the overtime rate and the normal rate per hour, multiplied by the overtime hours.
d. the payment for all hours in excess of the normal working hours.
Question 4
Incorrect
Which one is a method used for accumulating production costs?
Mark 0.00 out of
1.00
a. Process costing
b. Standard costing
c. Actual costing
d. Budgeted costing
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Question 5
18/08/2022, 00:54 Assessment 1: Attempt review
Dashboard Calendar
Dashboard / Courses / UNISA / 2022 / Semester 2 / MAC2601-22-S2 / Welcome Message / Assessment 1
Started on Thursday, 18 August 2022, 12:17 AM
State Finished
Completed on Thursday, 18 August 2022, 12:54 AM
Time taken 36 mins 22 secs
Marks 34.00/40.00
Grade 85.00 out of 100.00
Question 1
Incorrect
Which of the following is an advantage of using the high-low method?
Mark 0.00 out of
1.00
a. It ignores stepped costs.
b. It cannot establish the exact degree of correlation between the variables.
c. It is fairly accurate where correlation between the variables is very close to 1.
d. It has a strong statistical foundation.
Question 2
Incorrect
A manufacturing company uses direct labour cost as a basis for determining its predetermined overhead recovery rate. In calculating the predetermined overhead re
Mark 0.00 out of
portion of direct labour cost as indirect labour cost. This misclassification will …
1.00
a. understate the predetermined overhead recovery rate.
b. It is impossible to tell if there will be any effect, based on the information provided.
c. have no effect on the predetermined overhead recovery rate
d. overstate the predetermined overhead recovery rate.
Question 3
Correct
Overtime premium is best described as …
Mark 1.00 out of
1.00
a. a premium paid to workers to compensate for fatigue.
b. the bonus paid to skilled workers.
c. the difference between the overtime rate and the normal rate per hour, multiplied by the overtime hours.
d. the payment for all hours in excess of the normal working hours.
Question 4
Incorrect
Which one is a method used for accumulating production costs?
Mark 0.00 out of
1.00
a. Process costing
b. Standard costing
c. Actual costing
d. Budgeted costing
Downloaded by: ephaphrusaprilmafokoane |
Distribution of this document is illegal
Question 5
