18/08/2023, 09:47 Assessment 1: Attempt review
Started on Friday, 18 August 2023,
9:24 AM
State Finished
Completed on Friday, 18 August 2023,
9:46 AM
Time taken 22 mins 4 secs
Marks 16.00/25.00
OSCAROSCAR
THE THE TUTOR
TUTOR
+27844708483
Grade 64.00 out of 100.00
+27844708483
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
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Question 1
Incorrect
M ark 0.00 out of 1.00
Which one of the following is not a method that can be used to identify the components of semi-variable costs?
a. The high-low method
b. The activity- based costing method
c. The scatter diagram method
d. The Simple regression analysis
Question 2
Correct
M ark 1.00 out of 1.00
Direct labour is an example of …
a. period cost. OSCAR THE TUTOR
+27844708483
b. administrative cost. for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
c. product cost. tutoring
d. non-manufacturing cost.
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,18/08/2023, 09:47 Assessment 1: Attempt review
Question 3
Correct
M ark 1.00 out of 1.00
Which one is not an assumption on which cost flows are based?
a. Weighted average method
b. Fist-in-first-out (FIFO) method
c. Specific identification method
d. Perpetual method
Question 4
Correct
M ark 1.00 out of 1.00
As the level of output increases, a mixed cost will...
a. increase in total and decrease per unit.
b. increase in total but have no effect per unit.
c. decrease in total and increase per unit.
d. increase in total and increase per unit.
Question 5
Correct
M ark 1.00 out of 1.00
Which of the following is an advantage of using the high-low method?
a. It is fairly accurate where correlation between the variables is very close to 1.
b. It cannot establish the exact degree of correlation between the variables.
c. It has a strong statistical foundation.
d. It ignores stepped costs.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 2/10
,18/08/2023, 09:47 Assessment 1: Attempt review
Question 6
Incorrect
M ark 0.00 out of 1.00
Which one of the following is not a cost-volume-profit analysis (CVP analysis) assumption?
a. The analysis is always done out of the relevant range.
b. CVP analysis applies to short-term planning only.
c. All costs can be separated into fixed and variable.
d. All the units manufactured are sold.
Question 7
Correct
M ark 1.00 out of 1.00
The function of management that compares planned results to actual results is known as …
a. decision-making.
b. planning.
c. controlling.
d. implementing.
OSCAR THE TUTOR
+27844708483
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
tutoring
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, 18/08/2023, 09:47 Assessment 1: Attempt review
Question 8
Correct
M ark 1.00 out of 1.00
CVP analysis can be used as a sensitivity analysis technique to determine what the effect of certain internal
decisions of management or external changes will be on profits, break-even and margin of safety figures. If all other
factors were kept constant, which one of the following will lead to an increase in profit?
a. Decrease in sales volumes
b. Decrease in total fixed costs
c. Increase in variable costs per unit
d. Decrease in selling price per unit
OSCAR THE TUTOR
+27844708483
for
FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MN
G tutoring
Question 9
Correct
M ark 1.00 out of 1.00
The management of Koena Manufacturing Limited believes that machine–hours is an appropriate measure of output
for separating mixed overheads costs for the previous financial year, when machine hours were always within the
relevant range. Koena’s independent variable would be...
a. machine hours.
b. total fixed overheads.
c. total mixed overhead costs.
d. relevant range.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 4/10
Started on Friday, 18 August 2023,
9:24 AM
State Finished
Completed on Friday, 18 August 2023,
9:46 AM
Time taken 22 mins 4 secs
Marks 16.00/25.00
OSCAROSCAR
THE THE TUTOR
TUTOR
+27844708483
Grade 64.00 out of 100.00
+27844708483
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
tutoring tutoring
Question 1
Incorrect
M ark 0.00 out of 1.00
Which one of the following is not a method that can be used to identify the components of semi-variable costs?
a. The high-low method
b. The activity- based costing method
c. The scatter diagram method
d. The Simple regression analysis
Question 2
Correct
M ark 1.00 out of 1.00
Direct labour is an example of …
a. period cost. OSCAR THE TUTOR
+27844708483
b. administrative cost. for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
c. product cost. tutoring
d. non-manufacturing cost.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 1/10
,18/08/2023, 09:47 Assessment 1: Attempt review
Question 3
Correct
M ark 1.00 out of 1.00
Which one is not an assumption on which cost flows are based?
a. Weighted average method
b. Fist-in-first-out (FIFO) method
c. Specific identification method
d. Perpetual method
Question 4
Correct
M ark 1.00 out of 1.00
As the level of output increases, a mixed cost will...
a. increase in total and decrease per unit.
b. increase in total but have no effect per unit.
c. decrease in total and increase per unit.
d. increase in total and increase per unit.
Question 5
Correct
M ark 1.00 out of 1.00
Which of the following is an advantage of using the high-low method?
a. It is fairly accurate where correlation between the variables is very close to 1.
b. It cannot establish the exact degree of correlation between the variables.
c. It has a strong statistical foundation.
d. It ignores stepped costs.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 2/10
,18/08/2023, 09:47 Assessment 1: Attempt review
Question 6
Incorrect
M ark 0.00 out of 1.00
Which one of the following is not a cost-volume-profit analysis (CVP analysis) assumption?
a. The analysis is always done out of the relevant range.
b. CVP analysis applies to short-term planning only.
c. All costs can be separated into fixed and variable.
d. All the units manufactured are sold.
Question 7
Correct
M ark 1.00 out of 1.00
The function of management that compares planned results to actual results is known as …
a. decision-making.
b. planning.
c. controlling.
d. implementing.
OSCAR THE TUTOR
+27844708483
for FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MNG
tutoring
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 3/10
, 18/08/2023, 09:47 Assessment 1: Attempt review
Question 8
Correct
M ark 1.00 out of 1.00
CVP analysis can be used as a sensitivity analysis technique to determine what the effect of certain internal
decisions of management or external changes will be on profits, break-even and margin of safety figures. If all other
factors were kept constant, which one of the following will lead to an increase in profit?
a. Decrease in sales volumes
b. Decrease in total fixed costs
c. Increase in variable costs per unit
d. Decrease in selling price per unit
OSCAR THE TUTOR
+27844708483
for
FAC,MAC,QMI,TAX,FIN,INV,BNU,STA,DSC,MNB,MN
G tutoring
Question 9
Correct
M ark 1.00 out of 1.00
The management of Koena Manufacturing Limited believes that machine–hours is an appropriate measure of output
for separating mixed overheads costs for the previous financial year, when machine hours were always within the
relevant range. Koena’s independent variable would be...
a. machine hours.
b. total fixed overheads.
c. total mixed overhead costs.
d. relevant range.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12357774&cmid=624517 4/10
