Management Accounting and Finance Test

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 Essay regarding Management Accounting and Financing Test

TEMASEK POLYTECHNIC

SCHOOL OF BUSINESS

SUPERVISION ACCOUNTING & FINANCE (BAF2016)

AY 2011/12 MID-SEM CHECK

OCTOBER SESSION

Name: ___________________________________ Tutorial Class: ____ Entrance No . __________________________Seat No: ____

TIME ALLOWED: 1 HOUR

READING TIME: A COUPLE OF MINUTES

TOTAL: forty five MARKS

Instructions:

1 . Will not turn the page over until directed to do so.

2 . This newspaper consists of a few printed pages (excluding cover page).

3. Answer Your concerns and show almost all workings evidently, where appropriate round out of your answers to 2 fraccion places.

some. Write your answers (including answers to MCQ) in the answer report provided.

a few. Write a message, admission number, seat number and training class on both the check paper and answer report.

6. Send BOTH the check paper and answer booklet to the invigilator at the end with the test.

Query 1 (12 marks)

ANSWER ALL doze Multiple Choice Questions (1 mark each).

Use STOP LETTERS for your MCQ answers.

1 . Which usually of the subsequent item is usually not an example of a alteration cost?

A) Wages of assembly staff member

B) Devaluation of factory machinery

C) Screws used for the production of spectacles

D) Salary of quality control supervisor

E) Fabric used for the production of T-shirts

2 . Which from the following types of businesses is least prone to use process costing system?

A) Shampoo or conditioner manufacturer

B) Oil refining company

C) Potato processor chip manufacturer

D) Home restoration company

E) DVD player maker

3. Which of the subsequent is a form of short-term loans that a business can use to fulfill its economical needs?

A) Hire buy

B) Renting

C) Giving of bond

D) Accounts receivable factoring

E) Capital raising funding

Use the following information to answer questions 1 . 5 to 1. almost eight.

Countme Pte Ltd at the moment allocates stock overhead to its two models of calculators, Basic and Advance, based on direct labour hours. The organization is looking at switching to activity-based being and has generated the following info:

| |Product Model | | | |Basic |Advance |Total | |Units produced |20, 000 |10, 1000 | | |Activities |Activity Cost Pool area |Usage | | |Assembly |$180, 1000 |25, 1000 DLH |15, 000 DLH |40, 000 DLH | |Production setups |$42, 000 |2, 800 SU |3, 200 SU |6, 1000 SU | |Machine digesting |$240, 000 |35, 500 MH |25, 000 MH |60, 000 MH | |Total factory overhead |$462, 000 | | |

DLH denotes immediate labour several hours; SU means setup; MH denotes machine hours. 5. Determine the game rate for assembly activity.

A) $ 4. 00 per DLH

B) dollar 4. 55 per DLH

C) dollar 7. 00 per DLH

D) dollar 7. 20 per DLH

E) $12. 00 per DLH

a few. Determine the experience rate pertaining to production setups activity.

A) $ four. 00 every SU

B) $ four. 50 per SU

C) $ several. 00 every SU

D) $13. 13 per SU

E) $15. 00 every SU

six. Determine the activity rate for machine control activity.

A) $4. 00 per MH

B) $4. 50 every MH

C) $6. 86 per MH

D) $7. 00 per MH

E)...

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