KTQT1F3ACCA

KTQT1F3ACCA

University

57 Qs

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KTQT1F3ACCA

KTQT1F3ACCA

Assessment

Quiz

English

University

Practice Problem

Medium

Created by

Nhi Nguyễn

Used 4+ times

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57 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      If an assembly line supervisor is paid a salary of $100 each week and an additional $0.10 for every unit of production made in the week, this wage could be described as

A.    A semi- variable cost

A.    A fixed cost

A.    A variable cost

A.    A step cost

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the “lead time” in inventory control

A.    The time between placing an order with a supplier, and the inventory becoming available for use

A.    The time between placing an order with a supplier, and time purchasing department receiving inventory

A.    The time inventory be used from maximum inventory level to minimum inventory level

A.    The time inventory be used from production department making a request to purchasing department placing an order

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      Which of the following is the best describe of “EOQ”

A.    The economic order quantity (EOQ) is the order quantity which minimises inventory purchasing costs

A.    The economic order quantity (EOQ) is the order quantity which minimises inventory ordering costs

A.    The economic order quantity (EOQ) is the order quantity which minimises inventory holding costs

A.    The economic order quantity (EOQ) is the order quantity which minimises inventory costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      Which statement as follow is the best describe about overtime premium

A.    Overtime premium is the whole of the payments for overtime hours

A.    Overtime premium is the extra rate per hour which is paid, not the whole of the payment for overtime hours

A.    Overtime premium is the basic rate which is paid for overtime hours

A.    Overtime premium is the extra rate per hour which is paid for specific job

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      Re-apportionment is a stage, in that:

A.    Overhead is allocated to one cost centre

A.    Overhead is shared to more than one cost centre

  Overhead is shared from service centres to production centres

A.    Overhead is shared from production centres to service centres

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      What is one of principles of marginal costing?

A.    Period fixed costs are the same, for any volume of sales and production

A.    Period variable costs are the same, for any volume of sales and production

A.    Fixed costs are not the same at different levels of activity

A.    Variable costs per unit are not the same at different levels of activity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1.      In a process account, how are abnormal gain valued?

A.    At their scrap value

A.    The same as goods production

A.    At the costs of raw materials

A.    The same as normal losses

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