MAC2601
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 18 March 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, UNISA 2025 MAC2601-25-S1 Welcome Message Assessment 1
QUIZ
Started on Friday, 14 March 2025, 10:12 PM
State Finished
Completed on Friday, 14 March 2025, 10:49 PM
Time taken 37 mins 10 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The labour turnover rate is best described as the …
a. total number of employees replaced divided by the average
number of employees on the payroll.
b. number of employees recruited each month.
c. degree of mobility of employees from one department to another
department.
d. number of employees who successfully completed the required job
training programme.
Question 2
Correct
Mark 1.00 out of 1.00
The labour turnover rate is best described as the …
a. number of employees recruited each month.
b. degree of mobility of employees from one department to another
department.
c. total number of employees replaced divided by the average
number of employees on the payroll.
d. number of employees who successfully completed the required job
training programme.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24391127&cmid=1085317 1/12
Distribution of this document is illegal R13,625 per year?
, Question 3
Correct
Mark 1.00 out of 1.00
A point where the generated sales covers fixed and variable costs with zero
profit is referred to as ...
a. Cost behaviour
b. Break-even- point
c. Contribution margin
d.
Margin of safety
Question 4
Correct
Mark 1.00 out of 1.00
An overtime premium is the …
a. overtime rate.
b. additional amount paid over and above the overtime rate for hours
worked in excess of the basic work week.
c. additional amount paid for hours worked in excess of the basic work
week.
d. additional amount paid over and above the normal hourly rate for
hours worked in excess of the basic work week.
Question 5
Correct
Mark 1.00 out of 1.00
A detailed financial plan is known as a …
a. budget.
b. report.
c. strategic performance plan.
d. chart.
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Distribution of this document is illegal R13,625 per year?
, Question 6
Correct
Mark 1.00 out of 1.00
A manufacturing company uses direct labour cost as a basis for determining its
predetermined overhead recovery rate. In calculating the predetermined
overhead recovery rate for the past year, the company misclassified a portion of
direct labour cost as indirect labour cost. This misclassification will …
a. It is impossible to tell if there will be any effect, based on the
information provided.
b. overstate the predetermined overhead recovery rate.
c. understate the predetermined overhead recovery rate.
d. have no effect on the predetermined overhead recovery rate
Question 7
Correct
Mark 1.00 out of 1.00
Cost accounting focuses on ….; management accounting focuses on … and
financial accounting focuses on ….
a. cost accumulation; decision making; and financial reporting.
b. financial accumulation; decision making; and cost reporting.
c. cost accumulation; financial making; and decision reporting.
d.
decision making; financial reporting; and cost reporting.
Question 8
Correct
Mark 1.00 out of 1.00
A perpetual inventory system is a system for ...
a. checking physical inventory against bin card information on a
continuous basis.
b. ensuring that inventory-taking procedures will satisfy the auditors.
c. recording all transactions in the storage department on a
continuous basis.
d. checking inventory on the same date in each accounting period.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24391127&cmid=1085317 3/12
Distribution of this document is illegal R13,625 per year?
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 18 March 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, UNISA 2025 MAC2601-25-S1 Welcome Message Assessment 1
QUIZ
Started on Friday, 14 March 2025, 10:12 PM
State Finished
Completed on Friday, 14 March 2025, 10:49 PM
Time taken 37 mins 10 secs
Marks 50.00/50.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The labour turnover rate is best described as the …
a. total number of employees replaced divided by the average
number of employees on the payroll.
b. number of employees recruited each month.
c. degree of mobility of employees from one department to another
department.
d. number of employees who successfully completed the required job
training programme.
Question 2
Correct
Mark 1.00 out of 1.00
The labour turnover rate is best described as the …
a. number of employees recruited each month.
b. degree of mobility of employees from one department to another
department.
c. total number of employees replaced divided by the average
number of employees on the payroll.
d. number of employees who successfully completed the required job
training programme.
Downloaded by: deltamnandi | Want to earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24391127&cmid=1085317 1/12
Distribution of this document is illegal R13,625 per year?
, Question 3
Correct
Mark 1.00 out of 1.00
A point where the generated sales covers fixed and variable costs with zero
profit is referred to as ...
a. Cost behaviour
b. Break-even- point
c. Contribution margin
d.
Margin of safety
Question 4
Correct
Mark 1.00 out of 1.00
An overtime premium is the …
a. overtime rate.
b. additional amount paid over and above the overtime rate for hours
worked in excess of the basic work week.
c. additional amount paid for hours worked in excess of the basic work
week.
d. additional amount paid over and above the normal hourly rate for
hours worked in excess of the basic work week.
Question 5
Correct
Mark 1.00 out of 1.00
A detailed financial plan is known as a …
a. budget.
b. report.
c. strategic performance plan.
d. chart.
Downloaded by: deltamnandi | Want to earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24391127&cmid=1085317 2/12
Distribution of this document is illegal R13,625 per year?
, Question 6
Correct
Mark 1.00 out of 1.00
A manufacturing company uses direct labour cost as a basis for determining its
predetermined overhead recovery rate. In calculating the predetermined
overhead recovery rate for the past year, the company misclassified a portion of
direct labour cost as indirect labour cost. This misclassification will …
a. It is impossible to tell if there will be any effect, based on the
information provided.
b. overstate the predetermined overhead recovery rate.
c. understate the predetermined overhead recovery rate.
d. have no effect on the predetermined overhead recovery rate
Question 7
Correct
Mark 1.00 out of 1.00
Cost accounting focuses on ….; management accounting focuses on … and
financial accounting focuses on ….
a. cost accumulation; decision making; and financial reporting.
b. financial accumulation; decision making; and cost reporting.
c. cost accumulation; financial making; and decision reporting.
d.
decision making; financial reporting; and cost reporting.
Question 8
Correct
Mark 1.00 out of 1.00
A perpetual inventory system is a system for ...
a. checking physical inventory against bin card information on a
continuous basis.
b. ensuring that inventory-taking procedures will satisfy the auditors.
c. recording all transactions in the storage department on a
continuous basis.
d. checking inventory on the same date in each accounting period.
Downloaded by: deltamnandi | Want to earn
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=24391127&cmid=1085317 3/12
Distribution of this document is illegal R13,625 per year?
