Section 2. Cost and management accounting (AS Level) for Accounting, A Level - revisedeck

2. Cost and management accounting (AS Level)

A section of Accounting, 9706

Listing 10 of 903 questions

Which cost will decrease as production is increased?

9706_s11_qp_13

MCQ

2011

Paper 1, Variant 3

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A business has the following costs. raw materials $3 per unit direct labour $2 per unit stepped costs of $5000 for every 10 000 units What is the cost of producing 15 000 units?

9706_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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Which statement best describes fixed costs?

9706_s12_qp_11

MCQ

2012

Paper 1, Variant 1

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A business has the following costs. raw materials $3 per unit direct labour $2 per unit stepped costs of $5000 for every 10 000 units What is the cost of producing 15 000 units?

9706_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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Which statement best describes fixed costs?

9706_s12_qp_12

MCQ

2012

Paper 1, Variant 2

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A company manufactures and sells chairs. The following financial information is available. per unit $ selling price direct material and labour other variable production costs variable selling costs fixed costs The company has the option of buying in the chairs for resale instead of making them. At which purchase price would the company’s profit be unchanged?

9706_s13_qp_11

MCQ

2013

Paper 1, Variant 1

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A company produces two different products which use the same material. One month there is a shortage of material and the company needs to reduce production of one product. Of which product should the company reduce production first?

9706_s13_qp_13

MCQ

2013

Paper 1, Variant 3

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Which costs may be capitalised as land and buildings?

9706_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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The following information is available about a customer order. $ direct material cost 75.00 direct labour cost 42.00 cost per labour hour 7.00 fixed overhead absorption rate per direct labour hour 6.50 The order has a mark-up calculated at 20% of total cost. What is the selling price?

9706_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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What can be used to apportion production overheads to cost centres?

9706_s14_qp_11

MCQ

2014

Paper 1, Variant 1

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Questions Discovered

903