Bsns115 exam - Study guides, Class notes & Summaries

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary. Accounting The process of identifying, recording, and analysing useful economic information to help the user make decisions. Relevant Range The level of activity over which a particular cost behav...

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary. Accounting The process of identifying, recording, and analysing useful economic information to help the user make decisions. Relevant Range The level of activity over which a particular cost behav...

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary. Accounting The process of identifying, recording, and analysing useful economic information to help the user make decisions. Relevant Range The level of activity over which a particular cost behav...

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary.

BSNS115 Final Exam Questions And Correct Answers. Verified Solution. Variable Costs Those costs that only occur with production. e.g. raw material, direct labour, manufacturing overhead Fixed Costs Those costs that occur regardless of whether production occurs or not e.g. rent, rates, salary. Accounting The process of identifying, recording, and analysing useful economic information to help the user make decisions. Relevant Range The level of activity over which a particular cost behav...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ professional bodies represent groups of professionally qualified people in specific types of work financial reports summarized information about the financial status of a business the accounting process identifying, measuring, and communicating economic information about an entity to a variety of users for decision making purposes business transactions External exchange of something of value between two or more entit...

BSNS115 Exam Update 2024 | BSNS 115 Actual Exam Questions and Correct Answers Rated A+

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Cost-Volume-Profit Analysis Main tool of managers for decision making, looks at the relationship between the costs of the firm and the volume of output they produce. Managers use this information to investigate how each product is performing and how well the firm is keeping costs down - vital for profit maximisation Variable costs Costs that only occur with production and change with the level of activity Fi...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ ICT Definition Tools that permit the recording and processing of data to produce information for interpretation and transmission Who invented the mobile phone? a) Stephen Jobbs b) Martin Cooper c) Bill Gates d) Joseph Licklider b The information cost of production paradox shows that? Over time information becomes cheaper to produce therefore more information is generated Properties of data • Raw facts • No c...

BSNS115 EXAM QUESTIONS AND ANSWERS VERIFIED GRADED A++ What is a direct cost? Can easily and conveniently be traced to a unit of product eg - material used for sewing dresses at a dress maker POAR formula Cost Pool / CAB Qualitative decision making rule in make or buy? Make - avoidable costs must be less than purchase price Buy - avoidable costs must be more than purchase price What is product mix? - Use of scarce resources - How to make the most amount of money with a constraint -...