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Fundamentals of Management Accounting Questions 191–195 (page: 40)

The unit data for a product are:

(a) selling price £12

(b) variable cost £6.
If selling prices are reduced by 10% and variable costs are increased by 12.5%, which of the following is the revised profit/volume ratio?

During the completion of Job A, £1,000 worth of material was transferred to it from Job B which had finished ahead of schedule.

How will this be inputted into the Job B account?

CORRECT TEXT

Refer to the exhibit.



The standard labour cost per unit of product 'B' is $24 (6 hours @ $4 per hour).
During period 5 the following details were recorded:

The output during period 5 was

When making a decision, for a cost or revenue to be classified as "relevant" it must be:

(a) Incremental

(b) Notional

(c) Cash

(d) Future

Which of the following are not advantages of Absorption costing? (Select ALL that apply.)