An inventory count of material X at month end records 5,431 units. At the end of last month there were 4,982 units.Receipts of inventory during the month were recorded as 2,197 units. Issues to production during the month were 1,702 units. What is the value of the discrepancy?
A. 64 units
B. 46 units
C. 944 units
D. 495 units
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A company is looking into its payment methods for employees.Which of the following would be the most suitable method of payment for a manager?
A. Wage
B. Piecework
C. Salary
D. Commission
Which of the following cost behaviours will be experienced when the number of units increases?(i) The cost per unit of fixed costs will decrease(ii) The cost per unit of fixed costs will increase(iii)The variable cost per unit will decrease(iv) The variable cost per unit will remain the same.
A. (i) and (iii)
B. (i) and (iv)
C. (ii) and (iii)
D. (ii) and (iv)
Which of the following would lead to idle time?
A. Staff holidays
B. Lunch breaks
C. Running out of raw materials
D. Illness
Which TWO of the following are items of capital expenditure?
A. Purchase of vehicle
B. Factory extension
C. Repairs to roof
D. Purchase of inventory