Author: Anonymous

The company currently has these values recorded in their inventory records Inventory Quantity  Unit Cost   Total                       5              10,50              52,50                      4              11,00              44,00                      2              12,60              25,20 How would a sale of 10 units be recorded under LIFO?

SECTION A – QUESTION 1   Each of the following five questions contain four possible answers. Choose the correct option and write the answer (a-d) next to the question number eg 1.6 b   1.1  

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SECTION B – QUESTION 4 4.1 If    and     , determine the value of in terms of   and                 Show all working. (4) 4.2    Solve for if :            (correct to 2 decimal places)                                                            

Which of the following is true of flexible budget?

SECTION A – QUESTION 2 2.1  Given

Place the five steps in the decision-making process in the correct order:           A = Obtain information         B = Make decisions by choosing among alternatives         C = Identify the problem and uncertainties         D = Implement the decision, evaluate performance, and learn         E = Make predictions about the future

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When costs can be traced to a particular cost object in an economically feasible way, the cost is a:

For manufacturing firms, inventoriable costs include ________.