题目内容

Two statements relating to inventory follow. Is each statement true or false?

A. Statement 1 is true, Statement 2 is false
Both statements are true
C. Statement 1 is false, Statement 2 is true
D. Both statements are false

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Which one of the following documents is NOT part of the materials control cycle?

A. Purchase order
B. Materials requisition note
C. Goods received note
D. Remittance advice

Which of the following members of staff is most likely to raise a goods received note?

A. Production manager
B. Management accountant
C. Stores manager
D. Purchasing manager

Zayd is paid under a piecework scheme. The unit rates applied to each item of good production per week are:Last week, Zayd produced 110 good items. What was Zayd's gross pay for the week?

A. $310
B. $330
C. $275
D. $385

A company has over-absorbed fixed production overheads for the month of May 20X8 by $5,000. The fixed production overhead absorption rate for the month was $7 per unit. This rate was based on budgeted output of 5,000 units. Actual output for the month was 4,500 units. What amount of fixed production overheads did the company incur for April 20X8?

A. $26,500
B. $31,500
C. $35,000
D. $36,500