What was the total value of the units completed last month?
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1 .How will the comparison of differences between actual and planned results be reported?
A In the company’s published financial statements B In an internal auditor’s report to the board of directors C Orally in departmental meetings D In written control reports to management
2 .The following statements relate to spreadsheets:(1) They are an efficient method of storing text-based files.(2) They facilitate ‘what if’ analysis(3) They allow data to be displayed graphically(4) They allow the font, size and colour of text to be changed.Which statements are true?
A 1, 2 and 3 only B 1, 2 and 4 only C 1, 3 and 4 only D 2, 3 and 4 only
3 .What was the value of the closing work in progress?
A USD816 B USD864 C USD936 D USD1,800
5 .Joint production costs last month were USD110,000 and these were apportioned to joint products based on the number of units produced.What were the joint production costs apportioned to product J for last month?
A USD63,800 B USD64,000 C USD66,000 D USD68,200
6 .What was the total number of units input during last period?
A 12,000 B 13,000 C 15,000 D 17,000
7 .What was the value of the closing work in progress for last period?
A USD21,330 B USD21,690 C USD22,530 D USD22,890
8 .Which of the following describes target costing?
A A method of costing that sets a target cost by subtracting a desired profit margin from a competitive market price. B A method of costing that sets a target price by adding a desired profit margin to actual cost. C A method of costing that targets selected business departments and aims to minimise...
