UNISA 2023 MAC2601-23-S2 Welcome Message Assessment 1
QUIZ
Started on Thursday, 17 August 2023, 9:08 AM
State Finished
Completed on Thursday, 17 August 2023, 9:37 AM
Time taken 29 mins 19 secs
Marks 21.00/25.00
Grade 84.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
What is a common element of both prime and conversion costs?
a. Direct materials
b. Fixed production overheads
c. Direct labour
d. Variable production overheads
Question 2
Correct
Mark 1.00 out of 1.00
Which costs are not included in the variable costing of inventory?
a. Direct material
b. Fixed production overheads
c. Direct labour
d. Variable production overheads
Question 3
Correct
Mark 1.00 out of 1.00
Which costs are not included in the absorption costing of inventory?
a. Variable selling costs
b. Direct labour
c. Direct materials
d. Variable production overheads
, Question 4
Correct
Mark 1.00 out of 1.00
Carefully consider the four statements below and then select the correct alternative.
A The management accountant always reports to the financial accountant of the company.
B The management accountant is responsible for ensuring that the annual financial statements comply with International
Financial Reporting Standards.
C Management accountants provide information that managers need for planning.
D The management accountant is responsible for controlling expenses in the company.
a. Only statement C is correct.
b. Only statements A and B are correct.
c. Only statements C and D are correct.
d. Only statement B is correct.
Question 5
Incorrect
Mark 0.00 out of 1.00
As the level of output increases, a mixed cost will...
a. increase in total and decrease per unit.
b. increase in total and increase per unit.
c. increase in total but have no effect per unit.
d. decrease in total and increase per unit.
Question 6
Correct
Mark 1.00 out of 1.00
Which one is not a basis for the measurement of production (manufacturing) costs?
a. Standard costing basis
b. Budget costing basis
c. Actual costing basis
d. Normal costing basis
QUIZ
Started on Thursday, 17 August 2023, 9:08 AM
State Finished
Completed on Thursday, 17 August 2023, 9:37 AM
Time taken 29 mins 19 secs
Marks 21.00/25.00
Grade 84.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
What is a common element of both prime and conversion costs?
a. Direct materials
b. Fixed production overheads
c. Direct labour
d. Variable production overheads
Question 2
Correct
Mark 1.00 out of 1.00
Which costs are not included in the variable costing of inventory?
a. Direct material
b. Fixed production overheads
c. Direct labour
d. Variable production overheads
Question 3
Correct
Mark 1.00 out of 1.00
Which costs are not included in the absorption costing of inventory?
a. Variable selling costs
b. Direct labour
c. Direct materials
d. Variable production overheads
, Question 4
Correct
Mark 1.00 out of 1.00
Carefully consider the four statements below and then select the correct alternative.
A The management accountant always reports to the financial accountant of the company.
B The management accountant is responsible for ensuring that the annual financial statements comply with International
Financial Reporting Standards.
C Management accountants provide information that managers need for planning.
D The management accountant is responsible for controlling expenses in the company.
a. Only statement C is correct.
b. Only statements A and B are correct.
c. Only statements C and D are correct.
d. Only statement B is correct.
Question 5
Incorrect
Mark 0.00 out of 1.00
As the level of output increases, a mixed cost will...
a. increase in total and decrease per unit.
b. increase in total and increase per unit.
c. increase in total but have no effect per unit.
d. decrease in total and increase per unit.
Question 6
Correct
Mark 1.00 out of 1.00
Which one is not a basis for the measurement of production (manufacturing) costs?
a. Standard costing basis
b. Budget costing basis
c. Actual costing basis
d. Normal costing basis
