mock_assessments_questions MACS3.pdf - Management Accounting Control Systems Mock Assessment Questions Study phase 3 Mock assessment question 1(Topic

mock_assessments_questions MACS3.pdf - Management...

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© EDGE Learning Media (Pty) Ltd 1 Mock Assessment Questions Study phase 3 Mock assessment question 1 (Topic: MCQ’s: Management accounting control systems) Choose the most appropriate alternative from the options provided at each of the following questions. Write down only the letter of your choice next to the corresponding number. For example 1.1 (F) 1.1. Activity based costing is considered to be a traditional costing method. A True B False 1.2. Which of the following would not be included in the manufacturing cost per unit of output? A Factory supplies B Quality control C Interest expense D Direct labour cost 1.3. All of the following are examples of product-level activities, except: A parts administration B product advertising C new product prototype testing D human resource management Management Accounting Control Systems
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Management Accounting and Control Systems Mock Assessment Questions Study Phase 3 © EDGE Learning Media (Pty) Ltd 2 1.4. The Road Association has determined that the correlation between the level of car ownership and the number of road deaths is 0.83. Which of the statements below follow from this observation? A High levels of car ownership causes high levels of road deaths B There is a strong relationship between the level of car ownership and the number of road deaths C 83 % of the variation in the level of road deaths is explained by the variation in the level of car ownership D Both B and C 1.5. The following statements have been made about linear regression analysis: A It provides more accurate estimates than the high-low method B It can only be used to estimate variable cost C It assumes that cost behaviour is linear D Both A and C 1.6. Standard costing provides which of the following: A targets and measures of performance B information for budgeting purposes C simplification of inventory control systems D All of the above 1.7. When using the expected value technique, it is necessary to: A estimate all possible financial outcomes of the decision B assign probabilities to all financial outcomes of the decision C Both A and B D consider how sensitive to changes in financial outcomes the decision is 1.8. A company manufactures a cola drink sold in 650ml bottles. During the bottling process, 20% of the liquid is lost through spillage or evaporation. The standard usage of liquid per bottle is:
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  • Spring '17
  • Natasha worthington
  • Macs

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