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WorksheetsACC416: CHAPTER 5_COSTING METHOD
Total questions: 10
Worksheet time: 30mins
Job costing is normally used in below situation EXCEPT:
Relatively suitable for a small production runs
Order must be completed within a short duration
Business received order for standardized products
None of the above
In a job order costing system, which of the following costs is not an example of non-production overhead cost?
Salesman commision
Office Stationaries
Cost to transport finished products to customers
Factory Rental
"The management decided to set a profit of 15% on selling price for Job A1". The statement shows an example of profit mark-up for a job.
TRUE
FALSE
Expenditure incurred on direct material, direct labor and direct expenses are summed up to find the 'PRIME COST'
TRUE
FALSE
Calculate the 'PRIME COST' for Job XYZ.
RM53,525
RM42,405
RM40,125
RM55,600
Job X70 was completed in May 2020. Based on the relevant data given, calculate the selling price for the job.
RM5,230
RM6,300
RM7,049
RM8,033
Given the information below for JOB X50, calculate the TOTAL COST for this job:
RM84,900
RM97,635
RM81,415
RM95,800
KUMON ART is a tuition centre which provides interactive online art lessons to children. During April 2021, the centre have 40 students registered with them. The following is a list of expenses incurred by the centre for the month of April 2021. Calculate the monthly VARIABLE COST incurred by the centre.
12,500
10,300
9350
11520
KUMON ART is a tuition centre which provides interactive online art lessons to children. During April 2021, the centre have 40 students registered with them. The following is a list of expenses incurred by the centre for the month of April 2021. Calculate the monthly FIXED COST incurred by the centre.
12,500
12,080
11,530
11,110
How many Chapters you have learn so far in this ACC416 subject?
1
3
5
6
