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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

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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

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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

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Which one of the following statements correctly defines the term 'overtime premium'?

A. The total amount paid for working overtime hours
B. A bonus earned by workers for completing work without the need for overtime
C. The benefit received by an organisation from unpaid overtime by salaried staff
D. The amount of the additional payment received for working overtime generated by receiving a higher hourly rate

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Budgeted production in a factory for next period is 480 units. Each unit requires 2 labour hours. Labour is paid $30 per hour. 10% of total labour time is idle time. What is the factory's budgeted labour cost for next period?

A. $28,800
B. $25,920
C. $16,000
D. $32,000

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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?

Which one of the following statements correctly defines the term 'overtime premium'?

Budgeted production in a factory for next period is 480 units. Each unit requires 2 labour hours. Labour is paid $30 per hour. 10% of total labour time is idle time. What is the factory's budgeted labour cost for next period?

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