16. Iffixed gosts are S850.000 andte unit e atribution margins S50 profit iszero

Question

16. Iffixed gosts are S850.000 andte unit e atribution margins S50 profit iszero when 1500're old 17. Break-even analysis is ose type of cost-volume-profit analysis 18. If direct matcrials cost per unit increnses, the break-even point will increase e n sorell 20. The flexible bedget is, in emect, a series of static budgets for difTerent levels of activity. The budgeled balance sheet asuines that all operating and financing plas ire met. investing activicies into an integraled plan for the coming year Budget preparation is best denennined in a lop-down managerial approach -21 22. The master budget is an integrated set of bndgets tal tie kgether a company's operating, financi!g·nd 23. 2 24. The financial bodgets of a bsiness include the cash badget, the budgeted income satement, and the hraégened balance shee. 25. The sales bodget is derived from the production budget Multiple Choice identity the choice that best compoletes the stalewenr or wewvrs tihe question Which of the following is an example of direct labor cost for an airplane maeufacturer? a. Cost of oil lubricants for factory machiery b Cost of wages of assembly worker 26. c. Salary of plant supervisxr d. Cost of jet engines What serm is used to refer to the cost of changing direct materials into a finished manufactured product? a. Factory overhead cost b. Period cost 27. c Conversion cost d. Direcs labor cost Prime costs are direct materials and factory overhead b. direct materials and direct labor -28. direct labor and factory overhead period costs and factory overhead s. d

Explanation / Answer

Question no:26 Which of the following is an example of Direct labour cost for an airplane manufacturer Answer is option : (b) Cost of the wages of Assembly worker Cost of lubricants for factory is consumables , Salary for the plant super visor are indirect costs , Cost of jet engines are direct material. So remaining item Cost of the wages of assembly worker are direct labour cost. Question no:27 What term is used to refer to the cost of the changing direct materilas into Finished manufactured product Answer : Option (C ) Conversion cost proceesing of raw materials into Finished product using Direct labour is called as conversion . The cost incurred for this called is conversion costs Question no: 28 Prime costs are Answer is Option (b) Direct material + Direct labour prime cost means Direct costs incurred to manufacture the an Article or thing . Prime costs include Direct materials + Direct Labour

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