Feedforward control systems differ from feedback systems in that they _____________________.
An abnormal loss in a process occurs when:
Refer to the exhibit.
A company operates a process costing system. The following data relates to Process X for the month of September.
Normal loss is 5% of input and all losses occur at the end of the process.
The number of equivalent units, using an average cost basis of valuation, was:
Materials:
A flat letting company analyses its costs by individual property. Which of the following costs would be considered an indirect cost of the property?
Refer to the exhibit.
Vertical axis = £; horizontal axis = level of activity
This graph is known as a:
Refer to the exhibit.
Which ONE of the following can be represented by this graph?
Refer to the exhibit.
PD manufactures a product in a process operation. Normal loss is 5% of input and occurs at the end of the process. The following data is available for the month of August:
Scrapped units have no value.
There was no opening or closing work in progress for August.
What was full cost of output to finished goods in August?
The standard variable cost of product A is $4 per unit and the standard selling price is $6.80 per unit.
During the latest period 1,200 units of product A were produced and sold, compared with a budget of 1,300 units.
The actual variable cost incurred was $4.90 per unit and the actual selling price was $6.50 per unit.
The sales volume contribution variance for the period was
In a manufacturing company which produces a range of products, the cost of a royalty payment made to the product designer would be classified as A.
Refer to the exhibit.
A company operates a process costing system. The following data relates to Process X for the month of September.
Normal loss is 5% of input and all losses occur at the end of the process.
The number of equivalent units, using an average cost basis of valuation, was:
Conversion:
