QUESTION: 17

CORRECT TEXT
TDM edits, prints and publishes three magazines, Mag A, Mag B and Mag C. The company operates an activity-based costing system.

The following information has been obtained.

What is the overhead cost attributable for each Mag A publication?

Give your answer to the nearest whole cent.

83 cents
80 cents

Answer(s): A

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QUESTION: 18

CORRECT TEXT
A company produces and sells two products, product A and product B.

What are the total fixed costs when the weighted average contribution per unit is $5 and the breakeven points for product A and product B are 10,000 units and 5,000 units respectively?

Give your answer as a whole number (in 000's).

$75000
$50000

Answer(s): A

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QUESTION: 19

CORRECT TEXT
The following details are available for a company's production overhead costs at different levels of activity:

The company uses the high-low method to calculate its budgeted production overhead costs.

What is the budget for production overhead costs at an activity level of 8,500 units?

Give your answer as a whole number.

$25950
$25000

Answer(s): A

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QUESTION: 20

A company makes a product using two materials, X and Y.

The standard materials required for one unit of the product are:

What is the direct material mix variance for Material X, using the individual valuation basis?

$480F
$300F
$160A
$640A

Answer(s): A

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Free P1 Management Accounting Exam Braindumps (page: 6)

QUESTION: 17

QUESTION: 18

QUESTION: 19

QUESTION: 20

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