Question 9
Shane is the manager of the shower screen manufacturing department in a home construction business. Which cost would not be classed as a direct cost of the shower screen manufacturing process?
a. |
Wages of the office staff |
|
b. |
Wages of the tradesmen |
|
c. |
Glass for the shower panes |
|
d. |
Steel for the shower frames |
|
e. |
All of the options are direct costs |
Question 10
Using the data below to perform a vertical analysis, the % value assigned to gross profit (rounded to the nearest whole amount) is:
Sales revenue |
$240,000 |
Cost of sales |
$159,000 |
Gross profit |
$81,000 |
Operating expenses |
$51,000 |
Profit before tax |
$30,000 |
Tax expense |
$3,000 |
Profit after tax |
$27,000 |
a. |
34 |
|
b. |
270 |
|
c. |
300 |
|
d. |
100 |
|
e. |
51 |
Question 11
The capital investment measures that overcome the problem of the time value of money are:
a. |
NPV and IRR |
|
b. |
NPV and ARR |
|
c. |
IRR and ARR |
|
d. |
NPV and PP |
|
e. |
ARR and PP |
Question 13
From the following data calculate the estimated cash received
from total sales during the month of May. Total sales for April,
$40 000; May, $18 000. Cash sales are 60% of total sales and credit
sales are 40% of total sales in each month.
Credit sales are normally settled in the following pattern: 20% in
the month of sale and 80% in the month following the sale.
a. |
$35 600 |
|
b. |
$12 240 |
|
c. |
$34 000 |
|
d. |
$25 040 |
|
e. |
$18 000 |
Question 14
Jaxon Ltd currently allocates overhead costs based on direct labour-hours (DLH). Jaxon Ltd budgeted the following costs and activities for the current year 2020: total overhead $1,050,000; total labour cost $1,680,000; total machine hours 60,000 MH; and total direct labour hours 210,000 DLH.
What is the current OH rate Jaxon Ltd uses to allocate OH costs?
a. |
$17.50/DLH |
|
b. |
$28/DLH |
|
c. |
$8/DLH |
|
d. |
a) $5/DLH |
|
e. |
Unable to be determined from the information given |
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