A F2

Overhead remain fixed up to an activity level of 20,000 units What is the budgeted total cost for an activity level of 15,000 units?

• A.$167,000
• B.$192,000
• C.$136,000
• D.$154,500

What is the fixed cost of running the agency?

• A.12,000
• B. 10,000
• C. 9,600
• D. 6,000

Overhead remain fixed up to an activity level of 20,000 units. What is the budgeted total cost for an activity level of 21,000 units?

• A.$213,800
• B. $ 192,000
• C. $167,000
• D. Impossible to find the answer without more

Variable cost per unit is constant in this activity range but there is step up of $18,000 in the total fixed costs when the activity exceeds 20,000 units.What are the total costs at an activity level of 18,000 units?

• A. $404,000
• B. $410,000
• C. $422,000
• D. $428,000

Variable cost per unit is constant within this activity range and there is a step up of 10% in the total fixed costs when the activity level exceeds 11,000 units. What is the total cost at an activity level of 10,000 units? ( THE HIGH LOW METHOD)

• A.$227,000
• B.$224,000
• C.$220,000
• D.$234,000

What is the estimate of the overhead if 17,000 square metres are to be cleaned if the total fixed costs are expected to increase by $1,000 when the square metres cleaned exceed 16,000 m2?

• A. $103,415
• B. $104,415
• C. $106,127.5
• D. $107,127.5

Jay Co makes a product which passes through a single refining process. The following information is available for June. Materials 15,000kg at $1.50 per kg Labour $2,100 Normal loss 10% of input Scrap value of loss 56c per kg The output for the period was 13,000 kg from the process. There was no opening or closing inventory during June. What is the value credited to the process account for the normal loss and the abnormal loss for the period? Normal loss/ Abnormal loss

• A. $840/ $880
• B. $840/ $911
• C. $Nil/ $280
• D. $840/ $Nil

Phil is paid $12 per hour for his first 40 hours per week, then time and a quarter for any excess. On average he works 44 hours per week during which time he completes 60 units. If Phil method of remuneration was charged to piecework, what rate would he have to be paid to match his current earrings for an average week?

• A. $9 per unit
• B. $8.8 per unit
• C. $8.1 per unit
• D. $9.2 per unit

At 31 December 20x1 an organisation had 5,400 employees. During the year of 20x1, there were 750 left the organisation, although the management had decided that only 600 needed replacing and had recruited accordingly. What was the labour turnover rate for the year to 31 December 20x1 (to 2 decimal places)?

• A. 10.96%
• B. 11.11%
• C. 11.27%
• D. 13.89%

What is the double entry to record the issue of direct materials?

• A. Dr WIP/ Cr material control account $182,000
• B. Cr WIP/ Dr material control account $182,000
• C. Dr WIP/ Cr material control account $190,000
• D. Cr WIP/ Dr material control account $190,000