In the process account, the accounting treatment of the value of the abnormal loss is:
In investment appraisal, the internal rate of return is
Each finished carton of product P contains 15 litres of liquid L. During the production process there is an unavoidable loss of 20% of the liquid input. The standard price of liquid L is $2 per litre.
The standard ingredient cost for liquid L shown on the standard cost card for one carton of product P will be
The master budget is:
Refer to the exhibit.
The following data are available for last period for the x-ray department of a local hospital:
The x-ray department cost per patient for last period was (to the nearest $0.01) is:
The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.
The materials price variance will be adverse when:
Which one of the following is an example of operational management information?
A company operates an absorption costing system. Overheads are absorbed using a pre-determined absorption rate using labour hours. In the period actual labour hours were 10,600, 400 hours below budget. Actual overheads for the period were £234,680 and there was an under-absorption of overheads of £1,480.
What was the budgeted level of overheads?
The variable overhead expenditure variance is:
