Question 21
Question 21 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
2. Cost and management ac...
2.1. Costs and cost behaviour

how to identify and calculate the elements of direct and indirect costs

4. Cost and management ac...
4.2. Standard costing

how to calculate the following variances: direct material price and usage, direct labour rate and efficiency, fixed overhead expenditure and volume, fixed overhead capacity and efficiency sub-variances, sales price and volume

2. Cost and management ac...
2.2. Traditional costing methods

the causes and the calculation of under absorption and over absorption of overheads