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NEW QUESTION 38
Refer to the exhibit.
RX Ltd expects to have limited machine time for July, which will result in the following production levels:
It is anticipated that there will be 1,500 units of opening inventory and the company wishes to hold a minimum of 500 units of closing inventory at the end of July.
How many units will be available for sale during July?
Answer:
Explanation:
11003 units
NEW QUESTION 39
The managing director of a small expanding company has made a number of statements about CIMA's role in relation to its members and to worldwide organizations.
Which ONE of the following statements is NOT correct?
- A. CIMA provides its members and students with ethical guidance
- B. CIMA's continuing professional development scheme is applicable to all members
- C. CIMA's members work primarily in the private sector
- D. CIMA is a member of IFAC (International Federation of Accountants)
Answer: C
NEW QUESTION 40
A company has three production departments X, Y and Z, and one service department.
The service department's overhead has been apportioned to the production departments in the ratio 3:2:5. As a result of this apportionment, $2,070 was given to Department Y.
What is the amount of service department overhead that would have been apportioned to Department Z?
Give your answer to the nearest dollar.
Answer:
Explanation:
$5,175
NEW QUESTION 41
Over absorption of overhead will always arise when:
- A. actual overhead incurred is lower than budgeted overhead
- B. absorbed overhead is higher than budgeted overhead
- C. absorbed overhead is lower than actual overhead incurred
- D. actual overhead incurred is lower than absorbed overhead
Answer: D
NEW QUESTION 42
Refer to the exhibit.
Which type of cost do the following figures represent?
- A. Semi-variable
- B. Fixed
- C. Variable
- D. Curvi-linear
Answer: B
NEW QUESTION 43
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