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    Quiz 1 - UNSW Moodle Attempt 7

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    Quiz 1 - UNSW Moodle Attempt 7

    Uploaded by

    Aaron Jung
    31 views6 pages
    Online Quiz

    Original Title

    Quiz 1 _ UNSW Moodle Attempt 7

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    Online Quiz

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views6 pages

    Quiz 1 - UNSW Moodle Attempt 7

    Uploaded by

    Aaron Jung
    Online Quiz

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    < Back to Course Home

    ACCT2522-Management Accounting 1 - Semester 1,


    2018
    All Sections
    Quiz navigation

    1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

    Finish attempt ...

    Section Menu

    Quiz 1

    Question 1 One of the objectives of management accounting is to provide


    Not yet answered
    Select one:
    Marked out of 1.00
    shareholders and potential investors with useful information for decision
    making.

    banks and other creditors with information useful in making credit


    decisions.

    management with information useful for planning and controlling


    operations.

    the Australian Tax O ce with information about taxable income.

    Question 2 Which of the following statement/s is/are false? Management accountants


    Not yet answered should:

    Marked out of 1.00

    Select one:
    i and ii
    iii and iv

    iii
    iv

    Question 3 Activity costs can be reduced by the following methods:


    Not yet answered
    Select one:
    Select one:
    Marked out of 1.00
    activity elimination.

    activity expansion.

    activity selection.
    Both A and C.

    Question 4 Ine ciencies in a company include the following:


    Not yet answered
    Select one:
    Marked out of 1.00
    storage of inventories.

    rework.

    inspection of WIP to identify defects.

    all of the above.


     
     
     
                   

    Question 5  
    Not yet answered
    There are four main objectives in Process Analysis, what is the main objective
    Marked out of 1.00 addressed by a root cause analysis?

    Select one:
    Understanding

    Problem Solving

    Prioritising
    Monitoring

    Question 6 From the following list of costs for a kitchen manufacturer, determine the amount
    Not yet answered of value-added cost.
    Marked out of 1.00

    Select one:
    $57 000
    $54 000

    $58 000
    $59 000

    Question 7 If production increases, variable cost will:


    Not yet answered
    Select one:
    Marked out of 1.00
    remain constant on a per unit basis
    increase by a variable amount

    vary on a per unit basis

    remain unchanged

    Question 8 Refer to the following data.


    Not yet answered
    Marked out of 1.00

    The non-manufacturing costs are:

    Select one:
    $15 000

    $70 000
    $182 000
    $372 000

    Question 9 The variable costs per unit are $4 when a company makes 10 000 units. What are
    Not yet answered the per unit variable costs when 8000 units are produced?

    Marked out of 1.00


    Select one:
    $6.00
    $4.00

    $4.50
    $5.00

    Question 10 Which of the following statement/s is/are true concerning cost estimation
    Not yet answered methods?
    Marked out of 1.00
    Select one:
    Cost behaviour is always assumed to depend on more than one cost driver.
    Cost behaviour patterns are curvilinear.

    Costs and bene ts of using sophisticated and costly cost-estimation


    methods must be evaluated.
    Cost behaviour is always assumed to depend on more than one cost driver
    AND costs and bene ts of using sophisticated and costly cost-estimation
    methods must be evaluated.

    Question 11 Consider the following statements about the two-stage cost allocation process.
    Not yet answered
    Marked out of 1.00

    Which statement/s is/are correct?

    Select one:
    i, ii and iii

    i and iii
    iii
    ii

    Question 12 A cost pool is:


    Not yet answered
    Select one:
    Marked out of 1.00
    a collection of costs to be assigned

    the joint result of several subunit activities


    the primary function of a responsibility accounting system

    a performance report of the lowest level manager

    Question 13 The production section of a rm is serviced by personnel and computing as


    Not yet answered follows:
    Marked out of 1.00

     
    Personnel costs are allocated on the number of employees and computing costs
    on service hours. Overhead rates are based on labour hours. If the direct method
    is used to allocate support department costs, what is the overhead rate for the
    Assembly Department?

    Select one:
    $8
    $9.25

    $9.44

    $10.69

    Question 14 The Lots More Store has a Janitorial Department and a Personnel Department
    Not yet answered that provide services to three Sales Departments. The Janitorial Department cost
    is allocated based on space and the Personnel Department cost is allocated
    is allocated based on space and the Personnel Department cost is allocated
    Marked out of 1.00
    based on employees. The following information is available.

    Using the direct method, calculate the amount of Janitorial Department cost
    allocated to Sales Department #1.

    Select one:
    $5714

    $5769

    $6000
    $6169

    Question 15 The step/s used in cost allocation using departmental overhead rates include/s:
    Not yet answered

    Marked out of 1.00


    Select one:
    cost application based on consumption of cost drivers

    cost traced and assigned to support departments

    support department cost allocation


    All of the given answers

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