题目内容

Which of the following is a reason for a company to use the LIFO method of inventory valuation?

A. It is easy to administer
B. It is required by accounting standards
C. Materials are issued at a standard price
D. Materials are issued at current market price

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The following information is available for a company’s inventory.What is the maximum inventory level for the company?

A. 43,700kg
B. 21,700kg
C. 16,250kg
D. 31,250kg

In an inventory count, inventory of material X is recorded as 5,431 units. At the last check there were 4,982 units. Receipts of inventory are correctly recorded as 2,197 units. Issues to production have been 2,040 units. What is the most likely reason for the discrepancy?

A. Inventory obsolescence
B. Stealing by staff
C. Returns from production
Damaged inventory

Which is the most suitable form of payment for a factory worker working at a food processing plant?

A. Wage
B. Piecework
C. Salary
D. Commission

During May ABC Co budgeted to make 500 units each taking one hour. Actual volume was 550, which took a total of 530 hours. What was the capacity utilisation ratio for ABC Co in May?

A. 94%
B. 104%
C. 106%
D. 96%