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Which TWO of the following are reasons for a business to undertake product costing?

A. To assess product profitability
B. To determine how much of a product should be made
C. To decide what price should be charged
D. To determine how much raw material should be purchased

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Production costs of product Z vary depending on the level of activity. Costs recorded at various levels of activity have been as follows:What is the cost of 43 units?

A. $2,400
B. $2,580
C. $3,225
D. $2,451

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In 20X1, a company budgeted to produce 3,750 units.Variable costs were budgeted to be $67,500 and fixed costs were budgeted at $53,190. Actual production was 3,150 units at a total cost of $108,905. What is the total variance to the flexed budget?

A. $11,785 favourable
B. $985 favourable
C. $11,785 adverse
D. $985 adverse

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Which of the following would be the best way to display production rates over the last 10 years?

A. Bar chart
B. Line Graph
C. Pie Chart
D. Table

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In which of the following situations would a written report be the best way of communicating?

A. When speed is essential
B. When communicating complex information
C. When the information can’t be sent electronically
D. When the information must remain confidential

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Which TWO of the following are reasons for a business to undertake product costing?

A. To assess product profitability B. To determine how much of a product should be made C. To decide what price should be charged D. To determine how much raw material should be purchased

Production costs of product Z vary depending on the level of activity. Costs recorded at various levels of activity have been as follows:What is the cost of 43 units?

In 20X1, a company budgeted to produce 3,750 units.Variable costs were budgeted to be $67,500 and fixed costs were budgeted at $53,190. Actual production was 3,150 units at a total cost of $108,905. What is the total variance to the flexed budget?

Which of the following would be the best way to display production rates over the last 10 years?

In which of the following situations would a written report be the best way of communicating?

A. To assess product profitability
B. To determine how much of a product should be made
C. To decide what price should be charged
D. To determine how much raw material should be purchased