A company budgeted £100,000 for labour.However, feedback indicates that due to the need for overtime, the actual figure is more likely to be £120,000.What type of feedback is this an example of?Select the correct answer from the choices below:
Answer(s): A
Which THREE of the following costs would normally be classified as semi-variable?
Answer(s): B,D,E
CORRECT TEXT GB operates a standard costing system. During the month 24,300 kg of material were used at a standard cost of $2 per kg. The material price variance was $972 adverse.The actual price per kg was, to 2 decimal places:
CORRECT TEXT Refer to the exhibit.The following data refers to a manufacturing process for the month of July:The work in progress is completed as follows:(a) 100% for material(b) 80% for labour(c) 60% for overheadWhat is the value of the finished goods?
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@MaBlerh commented on June 02, 2024 Good exam simulation questions Anonymous upvote
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