Over which of the following is the manager of a profit centre likely to have control? (i) Selling prices(ii) Controllable costs(iii) Apportioned head office costs(iv) Capital investment in the centre

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Which of the following best describes a controllable cost?

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Which of the following items might be a suitable cost unit within the credit control department of a company?(i) Stationery cost(ii) Customer account(iii) Cheque received and processed

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Which of the following best describes a period cost?

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A company employs four supervisors to oversee the factory production of all its products. How would the salaries paid to these supervisors be classified?

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Which of the following describes a cost centre?

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Which one of the following statements does NOT explain why coding systems are used?

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The following diagram represents the behaviour of one element of cost:Which one of the following descriptions is consistent with the above diagram?

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A firm has to pay a $0.50 per unit royalty to the inventor of a device which it manufactures and sells. How would the royalty charge be classified in the firm's accounts?

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Which of the following can be included when valuing inventory?(i) Direct material (ii) Direct labour (iii) Administration costs (iv) Production overheads

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Which of the following is usually classed as a step cost?

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Which of the following is not a cost objects?

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Which of the following describes depreciation of fixtures?

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Which of the following costs would NOT be classified as a production overhead cost in a food processing company?

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There is to be an increase next year in the rent from $12,000 to $14,000 for a warehouse used to store finished goods ready for sale. What will be the impact of this increase on the value of inventory manufactured and held in the warehouse?

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The diagram represents the behaviour of a cost item as the level of output changes:Which ONE of the following situations is described by the graph?

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The data may be illustrated by the following chart. What type of chart is it?

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Which one of the following statements is true?

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The table below shows a company's sales figures for the first six months of the year.What kind of graph or chart would you use to show the fluctuations of total monthly sales figures across the six months?

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A sampling frame is a numbered list of all items in a population (not a sample).Cluster sampling involves selecting one definable subsection of the population which therefore makes the potential for bias considerable.

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