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Mac2601 Assignment 1 Semester 1 2023
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MAC 2601ASSIGNMENT 1 SEMESTER 1 2023
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Dashboard / My courses / MAC2601-23-S1 / Welcome Message / Assessment 1
Started on Friday, 17 March 2023, 10:08 AM
State Finished
Completed on Wensday, 29 March 2023, 10:29 AM
Time taken 50 mins 10 secs
Marks 24.00/25.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
The general term that refers to any group or individual who can affect, or is affected by, an organisation’s activities is …
a. employees.
b. stakeholders.
c. shareholders.
d. managers.
Question 2
Correct
Mark 1.00 out of 1.00
Which one is a method used for apportioning production overheads?
a. Traditional costing method
b. Standard costing method
c. Process costing method
d. Job costing method
,Question 3
Correct
Mark 1.00 out of 1.00
MENU
Which one of the following is not a method that can be used to
Dashboard / My courses / MAC2601-23-S1 / Welcome Message / Assessment 1
identify the components of semi-variable costs?
The activity- based costing method
The Simple regression analysis
The scatter diagram method
The high-low method
Question 4
Correct
Mark 1.00 out of 1.00
Total costs remained stable for several months while the cost per unit was increasing. This may have been as a result of the behaviour of …
costs and a … output level.
a. Fixed, decreasing
b. Variable, increasing
c. Variable, decreasing
d. Fixed, increasing
Question 5
Correct
Mark 1.00 out of 1.00
Management accounting places more emphasis than financial accounting on …?
a. Flexibility and timeliness.
b. Timeliness and accuracy.
c. Flexibility only.
d. Accuracy and flexibility.
, Question 6
Correct
Mark 1.00 out of 1.00
MENU
Which costs are not included in the
Dashboard / My courses / MAC2601-23-S1 / Welcome Message / Assessment 1
absorption costing of inventory?
Direct labour
Variable selling costs
Direct materials
Variable production overheads
Question 7
Correct
Mark 1.00 out of 1.00
The main purpose of cost volume profit analysis (CVP analysis) as a tool is ...
a. investigate the change in profit that results from changes in activity levels, per unit selling prices, per unit variable costs and total
fixed cost.
b. allocate fixed manufacturing overheads to different types of products manufactured by a company.
c. assist management accountants to understand how to cost a product.
d. investigate the change in profit that results from changes in total fixed manufacturing overheads.
Question 8
Incorrect
Mark 0.00 out of 1.00
CVP analysis can be used as a sensitivity analysis technique to determine what the effect of certain internal decisions of management or
external changes will be on profits, break-even and margin of safety figures. If all other factors were kept constant, which one of the
following will lead to an increase in profit?
a. Decrease in sales volumes
b. Decrease in total fixed costs
c. Decrease in selling price per unit
d. Increase in variable costs per unit
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