{"id":18991,"date":"2021-02-15T07:36:00","date_gmt":"2021-02-15T07:36:00","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=18991"},"modified":"2021-02-04T07:38:54","modified_gmt":"2021-02-04T07:38:54","slug":"ba2-fundamentals-of-management-accounting-2017-syllabus-cimapra17-ba2-1-eng-exam-dumps","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/ba2-fundamentals-of-management-accounting-2017-syllabus-cimapra17-ba2-1-eng-exam-dumps.html","title":{"rendered":"BA2 &#8211; Fundamentals of Management Accounting (2017 SYLLABUS) CIMAPRA17-BA2-1-ENG Exam Dumps"},"content":{"rendered":"\n\n\n<p>When searching for the details and trying to understand BA2 &#8211; Fundamentals of Management Accounting (2017 SYLLABUS) CIMAPRA17-BA2-1-ENG exam, we can know BA2 covers the fundamental knowledge and techniques that underpin management accounting, by identifying the role of a management accountant, and the role of CIMA within organisations (both private and public sector entities), and the wider role in society. CIMAPRA17-BA2-1-ENG dumps are based on the BA2 fundamental knowledge and techniques, which will be your best study materials for BA2 &#8211; Fundamentals of Management Accounting (2017 SYLLABUS) (Online) certification exam.<\/p>\n<h2>Not trust? Just Check <span style=\"color: #ff0000;\">CIMAPRA17-BA2-1-ENG free dumps<\/span> first.<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam5075\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-5075\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-5075\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-163614'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=398 height=86 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image002-33.jpg\" v:shapes=\"_x0000_i1025\"><br><br \/>\r<br>Each unit of product \u2018Smitten\u2019 uses 5 kgs of material 'Z'. <br \/>\r<br>The budgeted details for March are as follows: <br \/>\r<br>It is anticipated that sales of product \u2018Smitten\u2019 in March will be 20000 units. <br \/>\r<br>The amount of material 'Z' that needs to be purchased in March is:<\/div><input type='hidden' name='question_id[]' id='qID_1' value='163614' \/><input type='hidden' id='answerType163614' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163614[]' id='textarea_q_163614' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-163615'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>A company\u2019s cash budgetary plans show that there will be surplus cash for three months of the forthcoming year. <br \/>\r<br>Which THREE of the following would be appropriate management actions in this situation?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='163615' \/><input type='hidden' id='answerType163615' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663414' class='answer   answerof-163615 ' value='663414'   \/><label for='answer-id-663414' id='answer-label-663414' class=' answer'><span>Offer a longer credit period to new customers to boost sales<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663415' class='answer   answerof-163615 ' value='663415'   \/><label for='answer-id-663415' id='answer-label-663415' class=' answer'><span>Purchase new non-current assets to increase efficiency<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663416' class='answer   answerof-163615 ' value='663416'   \/><label for='answer-id-663416' id='answer-label-663416' class=' answer'><span>Reduce the finished goods inventory to save storage costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663417' class='answer   answerof-163615 ' value='663417'   \/><label for='answer-id-663417' id='answer-label-663417' class=' answer'><span>Pay suppliers early to obtain prompt payment discounts<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663418' class='answer   answerof-163615 ' value='663418'   \/><label for='answer-id-663418' id='answer-label-663418' class=' answer'><span>Repay a long-term loan to reduce interest costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163615[]' id='answer-id-663419' class='answer   answerof-163615 ' value='663419'   \/><label for='answer-id-663419' id='answer-label-663419' class=' answer'><span>Invest in a short-term deposit account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-163616'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=364 height=102 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image004-22.jpg\" v:shapes=\"_x0000_i1026\"><br><br \/>\r<br>PD manufactures a product in a process operation. Normal loss is 5% of input and occurs at the end of the process. <br \/>\r<br>The following data is available for the month of August: <br \/>\r<br>Scrapped units have no value. <br \/>\r<br>There was no opening or closing work in progress for August. <br \/>\r<br>What is the value of the abnormal gain in August?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='163616' \/><input type='hidden' id='answerType163616' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163616[]' id='answer-id-663420' class='answer   answerof-163616 ' value='663420'   \/><label for='answer-id-663420' id='answer-label-663420' class=' answer'><span>Nil<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163616[]' id='answer-id-663421' class='answer   answerof-163616 ' value='663421'   \/><label for='answer-id-663421' id='answer-label-663421' class=' answer'><span>$1,880<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163616[]' id='answer-id-663422' class='answer   answerof-163616 ' value='663422'   \/><label for='answer-id-663422' id='answer-label-663422' class=' answer'><span>$1,816<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163616[]' id='answer-id-663423' class='answer   answerof-163616 ' value='663423'   \/><label for='answer-id-663423' id='answer-label-663423' class=' answer'><span>$893<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-163617'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>In an integrated cost and financial accounting system, the accounting entries for the payment of net wages to indirect production workers would be:<\/div><input type='hidden' name='question_id[]' id='qID_4' value='163617' \/><input type='hidden' id='answerType163617' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163617[]' id='answer-id-663424' class='answer   answerof-163617 ' value='663424'   \/><label for='answer-id-663424' id='answer-label-663424' class=' answer'><span>Debit: Bank accountCredit: Wages control account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163617[]' id='answer-id-663425' class='answer   answerof-163617 ' value='663425'   \/><label for='answer-id-663425' id='answer-label-663425' class=' answer'><span>Debit: Work in progress control accountCredit: Bank account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163617[]' id='answer-id-663426' class='answer   answerof-163617 ' value='663426'   \/><label for='answer-id-663426' id='answer-label-663426' class=' answer'><span>Debit: Wages control accountCredit: Bank account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163617[]' id='answer-id-663427' class='answer   answerof-163617 ' value='663427'   \/><label for='answer-id-663427' id='answer-label-663427' class=' answer'><span>Debit: Production overhead control accountCredit: Bank account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-163618'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A company uses an integrated accounting system. <br \/>\r<br>The accounting entries for the sale of goods on credit would bE.<\/div><input type='hidden' name='question_id[]' id='qID_5' value='163618' \/><input type='hidden' id='answerType163618' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163618[]' id='answer-id-663428' class='answer   answerof-163618 ' value='663428'   \/><label for='answer-id-663428' id='answer-label-663428' class=' answer'><span>Debit: Receivables control accountCredit: Sales account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163618[]' id='answer-id-663429' class='answer   answerof-163618 ' value='663429'   \/><label for='answer-id-663429' id='answer-label-663429' class=' answer'><span>Debit: Sales accountCredit: Finished Goods Control account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163618[]' id='answer-id-663430' class='answer   answerof-163618 ' value='663430'   \/><label for='answer-id-663430' id='answer-label-663430' class=' answer'><span>Debit: Receivables control accountCredit: Cost of sales account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163618[]' id='answer-id-663431' class='answer   answerof-163618 ' value='663431'   \/><label for='answer-id-663431' id='answer-label-663431' class=' answer'><span>Debit: Sales accountCredit: Receivables control account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-163619'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>The materials price variance will be adverse when:<\/div><input type='hidden' name='question_id[]' id='qID_6' value='163619' \/><input type='hidden' id='answerType163619' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163619[]' id='answer-id-663432' class='answer   answerof-163619 ' value='663432'   \/><label for='answer-id-663432' id='answer-label-663432' class=' answer'><span>The actual cost of the materials is more than the standard material cost for the output produced<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163619[]' id='answer-id-663433' class='answer   answerof-163619 ' value='663433'   \/><label for='answer-id-663433' id='answer-label-663433' class=' answer'><span>The actual cost of the materials purchased is more than the standard cost of the materials purchased<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163619[]' id='answer-id-663434' class='answer   answerof-163619 ' value='663434'   \/><label for='answer-id-663434' id='answer-label-663434' class=' answer'><span>The materials usage variance is favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163619[]' id='answer-id-663435' class='answer   answerof-163619 ' value='663435'   \/><label for='answer-id-663435' id='answer-label-663435' class=' answer'><span>The price of materials has fallen<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-163620'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>CORRECT TEXT <br \/>\r<br>CVP Limited manufactures a single product with a selling price of $25.60. Fixed costs are $122,880 per month and the product has a profit\/volume ratio of 40%. <br \/>\r<br>In a month when actual sales were $358,400, CVP's margin of safety in units was<\/div><input type='hidden' name='question_id[]' id='qID_7' value='163620' \/><input type='hidden' id='answerType163620' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163620[]' id='textarea_q_163620' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-163621'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A company operates an absorption costing system. Overheads are absorbed using a pre-determined absorption rate using labour hours. In the period actual labour hours were 10,600, 400 hours below budget. Actual overheads for the period were &pound;234,680 and there was an under-absorption of overheads of &pound;1,480. <br \/>\r<br>What was the budgeted level of overheads?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='163621' \/><input type='hidden' id='answerType163621' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163621[]' id='answer-id-663437' class='answer   answerof-163621 ' value='663437'   \/><label for='answer-id-663437' id='answer-label-663437' class=' answer'><span>&pound;242,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163621[]' id='answer-id-663438' class='answer   answerof-163621 ' value='663438'   \/><label for='answer-id-663438' id='answer-label-663438' class=' answer'><span>&pound;233,200<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163621[]' id='answer-id-663439' class='answer   answerof-163621 ' value='663439'   \/><label for='answer-id-663439' id='answer-label-663439' class=' answer'><span>&pound;245,072<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163621[]' id='answer-id-663440' class='answer   answerof-163621 ' value='663440'   \/><label for='answer-id-663440' id='answer-label-663440' class=' answer'><span>&pound;224,720<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-163622'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>The net present value (NPV) of an investment is as follows. <br \/>\r<br>NPV at 14% = $6,320 <br \/>\r<br>NPV at 18% = ($4,600) negative <br \/>\r<br>The internal rate of return (IRR) of the investment is closest to<\/div><input type='hidden' name='question_id[]' id='qID_9' value='163622' \/><input type='hidden' id='answerType163622' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163622[]' id='answer-id-663441' class='answer   answerof-163622 ' value='663441'   \/><label for='answer-id-663441' id='answer-label-663441' class=' answer'><span>14.6%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163622[]' id='answer-id-663442' class='answer   answerof-163622 ' value='663442'   \/><label for='answer-id-663442' id='answer-label-663442' class=' answer'><span>16.0%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163622[]' id='answer-id-663443' class='answer   answerof-163622 ' value='663443'   \/><label for='answer-id-663443' id='answer-label-663443' class=' answer'><span>16.3%<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163622[]' id='answer-id-663444' class='answer   answerof-163622 ' value='663444'   \/><label for='answer-id-663444' id='answer-label-663444' class=' answer'><span>20.3%<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-163623'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=483 height=86 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image006-18.jpg\" v:shapes=\"_x0000_i1027\"><br><br \/>\r<br>AM Ltd. makes and sells a single product for which the standard cost information is as follows: <br \/>\r<br>&#10001; Budgeted production for the period is 30000 units. <br \/>\r<br>&#10001; The actual results for the period were as follows: <br \/>\r<br><br><img decoding=\"async\" width=483 height=115 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image008-16.jpg\" v:shapes=\"_x0000_i1028\"><br><br \/>\r<br>What is the variable overhead expenditure variance?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='163623' \/><input type='hidden' id='answerType163623' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163623[]' id='answer-id-663445' class='answer   answerof-163623 ' value='663445'   \/><label for='answer-id-663445' id='answer-label-663445' class=' answer'><span>13,161 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163623[]' id='answer-id-663446' class='answer   answerof-163623 ' value='663446'   \/><label for='answer-id-663446' id='answer-label-663446' class=' answer'><span>13,161 favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163623[]' id='answer-id-663447' class='answer   answerof-163623 ' value='663447'   \/><label for='answer-id-663447' id='answer-label-663447' class=' answer'><span>13,600 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163623[]' id='answer-id-663448' class='answer   answerof-163623 ' value='663448'   \/><label for='answer-id-663448' id='answer-label-663448' class=' answer'><span>13,600 favourable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-163624'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>An increase in the selling price per unit, will cause the point at which the line plotted on a profit\/volume (PV) graph intersects the horizontal axis to:<\/div><input type='hidden' name='question_id[]' id='qID_11' value='163624' \/><input type='hidden' id='answerType163624' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163624[]' id='answer-id-663449' class='answer   answerof-163624 ' value='663449'   \/><label for='answer-id-663449' id='answer-label-663449' class=' answer'><span>Move to the left<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163624[]' id='answer-id-663450' class='answer   answerof-163624 ' value='663450'   \/><label for='answer-id-663450' id='answer-label-663450' class=' answer'><span>Move to the right<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163624[]' id='answer-id-663451' class='answer   answerof-163624 ' value='663451'   \/><label for='answer-id-663451' id='answer-label-663451' class=' answer'><span>Double<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163624[]' id='answer-id-663452' class='answer   answerof-163624 ' value='663452'   \/><label for='answer-id-663452' id='answer-label-663452' class=' answer'><span>Stay where it is<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-163625'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>A company currently allows a discount of 20% to customers who pay at the time of purchase. <br \/>\r<br>If 30% of customers pay immediately, the extra sales needed in July to increase the cash receipts in that month by &pound;6,000 are:<\/div><input type='hidden' name='question_id[]' id='qID_12' value='163625' \/><input type='hidden' id='answerType163625' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163625[]' id='answer-id-663453' class='answer   answerof-163625 ' value='663453'   \/><label for='answer-id-663453' id='answer-label-663453' class=' answer'><span>&pound;7500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163625[]' id='answer-id-663454' class='answer   answerof-163625 ' value='663454'   \/><label for='answer-id-663454' id='answer-label-663454' class=' answer'><span>&pound;20000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163625[]' id='answer-id-663455' class='answer   answerof-163625 ' value='663455'   \/><label for='answer-id-663455' id='answer-label-663455' class=' answer'><span>&pound;25000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163625[]' id='answer-id-663456' class='answer   answerof-163625 ' value='663456'   \/><label for='answer-id-663456' id='answer-label-663456' class=' answer'><span>&pound;30000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-163626'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=631 height=227 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image010-13.jpg\" v:shapes=\"_x0000_i1029\"><br><br \/>\r<br>WS operates an integrated accounting system. <br \/>\r<br>Transactions relating to production overheads for the month of May were as follows: <br \/>\r<br>Indirect Material costs were $15,000 <br \/>\r<br>Indirect Labour Costs were $45,000 <br \/>\r<br>Production overheads of $58,000 were incurred during the period. <br \/>\r<br>Depreciation of factory machinery amounted to $32,000. <br \/>\r<br>Overheads costs absorbed by production using a standard absorption rate was $164,000 for the period. <br \/>\r<br>What are the correct entries to record the absorption of production overheads for the period? <br \/>\r<br>The correct set of entries to record the absorption of production overheads for the period is:<\/div><input type='hidden' name='question_id[]' id='qID_13' value='163626' \/><input type='hidden' id='answerType163626' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163626[]' id='answer-id-663457' class='answer   answerof-163626 ' value='663457'   \/><label for='answer-id-663457' id='answer-label-663457' class=' answer'><span>A<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163626[]' id='answer-id-663458' class='answer   answerof-163626 ' value='663458'   \/><label for='answer-id-663458' id='answer-label-663458' class=' answer'><span>B<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163626[]' id='answer-id-663459' class='answer   answerof-163626 ' value='663459'   \/><label for='answer-id-663459' id='answer-label-663459' class=' answer'><span>C<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163626[]' id='answer-id-663460' class='answer   answerof-163626 ' value='663460'   \/><label for='answer-id-663460' id='answer-label-663460' class=' answer'><span>D<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-163627'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=273 height=50 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image012-9.jpg\" v:shapes=\"_x0000_i1030\"><br><br \/>\r<br>SP, a manufacturing company, uses a standard costing system. <br \/>\r<br>The standard variable production overhead cost is based on the following budgeted figures for the year: <br \/>\r<br>During the month of September, 5,300 actual hours were worked and 5,600 standard hours of output were produced. Total variable production overhead costs in September were $8,600. <br \/>\r<br>What was the total variable production overhead variance in September?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='163627' \/><input type='hidden' id='answerType163627' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163627[]' id='answer-id-663461' class='answer   answerof-163627 ' value='663461'   \/><label for='answer-id-663461' id='answer-label-663461' class=' answer'><span>$200 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163627[]' id='answer-id-663462' class='answer   answerof-163627 ' value='663462'   \/><label for='answer-id-663462' id='answer-label-663462' class=' answer'><span>$650 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163627[]' id='answer-id-663463' class='answer   answerof-163627 ' value='663463'   \/><label for='answer-id-663463' id='answer-label-663463' class=' answer'><span>$650 favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163627[]' id='answer-id-663464' class='answer   answerof-163627 ' value='663464'   \/><label for='answer-id-663464' id='answer-label-663464' class=' answer'><span>$200 favourable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-163628'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>PQR Manufacturing Ltd. has &pound;3,000,000 of fixed costs for the forthcoming period. The company produces a single product 'X', which has a selling price of &pound;75 per unit and total cost of &pound;50. <br \/>\r<br>75% of the total cost represents variable costs. <br \/>\r<br>What are the break-even units?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='163628' \/><input type='hidden' id='answerType163628' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163628[]' id='answer-id-663465' class='answer   answerof-163628 ' value='663465'   \/><label for='answer-id-663465' id='answer-label-663465' class=' answer'><span>80,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163628[]' id='answer-id-663466' class='answer   answerof-163628 ' value='663466'   \/><label for='answer-id-663466' id='answer-label-663466' class=' answer'><span>240,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163628[]' id='answer-id-663467' class='answer   answerof-163628 ' value='663467'   \/><label for='answer-id-663467' id='answer-label-663467' class=' answer'><span>120,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163628[]' id='answer-id-663468' class='answer   answerof-163628 ' value='663468'   \/><label for='answer-id-663468' id='answer-label-663468' class=' answer'><span>40,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-163629'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Eton Ltd. operates a manufacturing process that produces product A. <br \/>\r<br>Information for this process last month is as follows: <br \/>\r<br>(a) Opening work in progress - 2,500 kg valued at &pound;2,000 for direct material and &pound;1,500 for labour and overheads. <br \/>\r<br>(b) Materials input - 25,000 kg at &pound;2.10 per kg. <br \/>\r<br>(c) Labour - &pound;10,000 <br \/>\r<br>(d) Overheads - &pound;5,000 <br \/>\r<br>(e) Output during the month - 20,000 kg. <br \/>\r<br>(f) There were 7,500 units of closing work in progress which was complete as to materials and 30% complete as to conversion. <br \/>\r<br>(g) Normal loss for the month was 3% of input and all losses have a scrap value of &pound;1 per kg. <br \/>\r<br>What was the average cost per kg of finished output during the month?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='163629' \/><input type='hidden' id='answerType163629' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163629[]' id='answer-id-663469' class='answer   answerof-163629 ' value='663469'   \/><label for='answer-id-663469' id='answer-label-663469' class=' answer'><span>&pound;1.73<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163629[]' id='answer-id-663470' class='answer   answerof-163629 ' value='663470'   \/><label for='answer-id-663470' id='answer-label-663470' class=' answer'><span>&pound;2.72<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163629[]' id='answer-id-663471' class='answer   answerof-163629 ' value='663471'   \/><label for='answer-id-663471' id='answer-label-663471' class=' answer'><span>&pound;2.78<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163629[]' id='answer-id-663472' class='answer   answerof-163629 ' value='663472'   \/><label for='answer-id-663472' id='answer-label-663472' class=' answer'><span>&pound;2.80<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-163630'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=408 height=57 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image014-7.jpg\" v:shapes=\"_x0000_i1031\"><br><br \/>\r<br>Fabex Ltd manufactures a household detergent called &quot;Clear&quot;. <br \/>\r<br>The standard data for one of the chemicals used in production (chemical XTC) is as follows: <br \/>\r<br>(a) 50 litres used per 100 litres of 'Clear' produced <br \/>\r<br>(b) Budgeted monthly production is 1000 litres of 'Clear'. <br \/>\r<br>The closing inventory of chemical XTC for November valued at standard price was as follows: <br \/>\r<br>Actual results for the period during December were as follows: <br \/>\r<br>(a) 500 litres of chemical XTC was purchased for &pound;1300. <br \/>\r<br>(b) 550 litres of chemical XTC was used. <br \/>\r<br>(c) 900 litres of 'Clear' was produced. <br \/>\r<br>It is company policy to extract the material price variance at the time of purchase. <br \/>\r<br>What is the total direct material price variance (to the nearest whole number)?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='163630' \/><input type='hidden' id='answerType163630' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163630[]' id='answer-id-663473' class='answer   answerof-163630 ' value='663473'   \/><label for='answer-id-663473' id='answer-label-663473' class=' answer'><span>&pound;50 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163630[]' id='answer-id-663474' class='answer   answerof-163630 ' value='663474'   \/><label for='answer-id-663474' id='answer-label-663474' class=' answer'><span>&pound;50 favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163630[]' id='answer-id-663475' class='answer   answerof-163630 ' value='663475'   \/><label for='answer-id-663475' id='answer-label-663475' class=' answer'><span>&pound;55 adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163630[]' id='answer-id-663476' class='answer   answerof-163630 ' value='663476'   \/><label for='answer-id-663476' id='answer-label-663476' class=' answer'><span>&pound;55 favourable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-163631'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>In the process account, the accounting treatment of the value of the abnormal gain is:<\/div><input type='hidden' name='question_id[]' id='qID_18' value='163631' \/><input type='hidden' id='answerType163631' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163631[]' id='answer-id-663477' class='answer   answerof-163631 ' value='663477'   \/><label for='answer-id-663477' id='answer-label-663477' class=' answer'><span>Credit Process account Debit Abnormal Gain account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163631[]' id='answer-id-663478' class='answer   answerof-163631 ' value='663478'   \/><label for='answer-id-663478' id='answer-label-663478' class=' answer'><span>Debit Process account Credit Abnormal Gain account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163631[]' id='answer-id-663479' class='answer   answerof-163631 ' value='663479'   \/><label for='answer-id-663479' id='answer-label-663479' class=' answer'><span>Credit Process account Debit Normal Loss account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163631[]' id='answer-id-663480' class='answer   answerof-163631 ' value='663480'   \/><label for='answer-id-663480' id='answer-label-663480' class=' answer'><span>Debit Process account Credit Normal Loss account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-163632'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>CORRECT TEXT <br \/>\r<br>Each unit of product GM requires 4 labour hours to be produced. 25% of the units will be completed during overtime hours. <br \/>\r<br>Sales of 24,000 units are planned and finished goods inventory is budgeted to rise by 2,000 units. <br \/>\r<br>If the wage rate is &pound;6 per hour and the overtime premium is 50%, what is the budgeted labour cost?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='163632' \/><input type='hidden' id='answerType163632' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163632[]' id='textarea_q_163632' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-163633'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=278 height=49 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image016-6.jpg\" v:shapes=\"_x0000_i1032\"><br><br \/>\r<br>T operates a process costing system. Data is available for Process A for the month of July. <br \/>\r<br>Inputs for the month: <br \/>\r<br>Normal losses are 15% of input and can be sold for $6 per kg. Actual output was 2,600 kg. <br \/>\r<br>There is no opening or closing work in progress for the period. <br \/>\r<br>What is the value of the output from the process in the month?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='163633' \/><input type='hidden' id='answerType163633' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163633[]' id='answer-id-663482' class='answer   answerof-163633 ' value='663482'   \/><label for='answer-id-663482' id='answer-label-663482' class=' answer'><span>$49,291<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163633[]' id='answer-id-663483' class='answer   answerof-163633 ' value='663483'   \/><label for='answer-id-663483' id='answer-label-663483' class=' answer'><span>$46,538<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163633[]' id='answer-id-663484' class='answer   answerof-163633 ' value='663484'   \/><label for='answer-id-663484' id='answer-label-663484' class=' answer'><span>$43,784<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163633[]' id='answer-id-663485' class='answer   answerof-163633 ' value='663485'   \/><label for='answer-id-663485' id='answer-label-663485' class=' answer'><span>$45,120<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-163634'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>The variable overhead expenditure variance is:<\/div><input type='hidden' name='question_id[]' id='qID_21' value='163634' \/><input type='hidden' id='answerType163634' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163634[]' id='answer-id-663486' class='answer   answerof-163634 ' value='663486'   \/><label for='answer-id-663486' id='answer-label-663486' class=' answer'><span>The over or under absorbed variable overhead<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163634[]' id='answer-id-663487' class='answer   answerof-163634 ' value='663487'   \/><label for='answer-id-663487' id='answer-label-663487' class=' answer'><span>The difference between the actual hours worked and the standard hours produced, multiplied by the variable overhead absorption rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163634[]' id='answer-id-663488' class='answer   answerof-163634 ' value='663488'   \/><label for='answer-id-663488' id='answer-label-663488' class=' answer'><span>The actual hours worked multiplied by the variable absorption rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163634[]' id='answer-id-663489' class='answer   answerof-163634 ' value='663489'   \/><label for='answer-id-663489' id='answer-label-663489' class=' answer'><span>The difference between the variable overheads incurred and the flexed budget allowance for variable overheads<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-163635'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>An increase in the variable cost per unit, will cause the point at which the line plotted on a profit\/volume (PV) graph intersects the horizontal axis to:<\/div><input type='hidden' name='question_id[]' id='qID_22' value='163635' \/><input type='hidden' id='answerType163635' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163635[]' id='answer-id-663490' class='answer   answerof-163635 ' value='663490'   \/><label for='answer-id-663490' id='answer-label-663490' class=' answer'><span>Move to the left<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163635[]' id='answer-id-663491' class='answer   answerof-163635 ' value='663491'   \/><label for='answer-id-663491' id='answer-label-663491' class=' answer'><span>Move to the right<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163635[]' id='answer-id-663492' class='answer   answerof-163635 ' value='663492'   \/><label for='answer-id-663492' id='answer-label-663492' class=' answer'><span>Double<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163635[]' id='answer-id-663493' class='answer   answerof-163635 ' value='663493'   \/><label for='answer-id-663493' id='answer-label-663493' class=' answer'><span>Stay where it is<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-163636'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>C Ltd produces a chemical in a single process. Information for this process last month is as follows: <br \/>\r<br>(a) Opening work in progress - 10000 kg valued at &pound;10000 for direct material and &pound;7500 for conversion costs. <br \/>\r<br>(b) Materials input - 25000 kg at &pound;1.10 per kg. <br \/>\r<br>(c) Conversion costs - &pound;17000 <br \/>\r<br>(d) Output during the month - 23000 kg. <br \/>\r<br>(e) There were 7500 units of closing work in progress which was complete as to materials and 30% complete as to conversion. <br \/>\r<br>(f) Normal loss for the month was 10% of input and all losses have a scrap value of 80p per kg. <br \/>\r<br>What was the average cost per kg of finished output during the month?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='163636' \/><input type='hidden' id='answerType163636' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163636[]' id='answer-id-663494' class='answer   answerof-163636 ' value='663494'   \/><label for='answer-id-663494' id='answer-label-663494' class=' answer'><span>&pound;1.10<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163636[]' id='answer-id-663495' class='answer   answerof-163636 ' value='663495'   \/><label for='answer-id-663495' id='answer-label-663495' class=' answer'><span>&pound;1.78<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163636[]' id='answer-id-663496' class='answer   answerof-163636 ' value='663496'   \/><label for='answer-id-663496' id='answer-label-663496' class=' answer'><span>&pound;1.90<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163636[]' id='answer-id-663497' class='answer   answerof-163636 ' value='663497'   \/><label for='answer-id-663497' id='answer-label-663497' class=' answer'><span>&pound;1.99<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-163637'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>The management accountant has completed the appraisal of an investment in new office equipment. <br \/>\r<br>It has now been discovered that the cost of capital used in the appraisal should have been higher. <br \/>\r<br>What will be the effect on the calculated net present value (NPV) and the payback period?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='163637' \/><input type='hidden' id='answerType163637' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163637[]' id='answer-id-663498' class='answer   answerof-163637 ' value='663498'   \/><label for='answer-id-663498' id='answer-label-663498' class=' answer'><span>NPV increase; payback period increase<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163637[]' id='answer-id-663499' class='answer   answerof-163637 ' value='663499'   \/><label for='answer-id-663499' id='answer-label-663499' class=' answer'><span>NPV decrease; payback period decrease<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163637[]' id='answer-id-663500' class='answer   answerof-163637 ' value='663500'   \/><label for='answer-id-663500' id='answer-label-663500' class=' answer'><span>NPV decrease; payback period stay the same<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163637[]' id='answer-id-663501' class='answer   answerof-163637 ' value='663501'   \/><label for='answer-id-663501' id='answer-label-663501' class=' answer'><span>NPV decrease; payback period increase<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-163638'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>The standard labour cost for 1 component is $15.00 (5 hours at $3 per hour). Last month, 6,000 hours were worked at a cost of $17,000 to produce 1,100 components. <br \/>\r<br>The labour efficiency variance was:<\/div><input type='hidden' name='question_id[]' id='qID_25' value='163638' \/><input type='hidden' id='answerType163638' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163638[]' id='answer-id-663502' class='answer   answerof-163638 ' value='663502'   \/><label for='answer-id-663502' id='answer-label-663502' class=' answer'><span>$1,500 Adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163638[]' id='answer-id-663503' class='answer   answerof-163638 ' value='663503'   \/><label for='answer-id-663503' id='answer-label-663503' class=' answer'><span>$1,000 Adverse<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163638[]' id='answer-id-663504' class='answer   answerof-163638 ' value='663504'   \/><label for='answer-id-663504' id='answer-label-663504' class=' answer'><span>$1,000 Favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163638[]' id='answer-id-663505' class='answer   answerof-163638 ' value='663505'   \/><label for='answer-id-663505' id='answer-label-663505' class=' answer'><span>$1,500 Favourable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-163639'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Which of the following cannot be used to split costs into fixed and variable elements?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='163639' \/><input type='hidden' id='answerType163639' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163639[]' id='answer-id-663506' class='answer   answerof-163639 ' value='663506'   \/><label for='answer-id-663506' id='answer-label-663506' class=' answer'><span>Absorption costing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163639[]' id='answer-id-663507' class='answer   answerof-163639 ' value='663507'   \/><label for='answer-id-663507' id='answer-label-663507' class=' answer'><span>High-low method<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163639[]' id='answer-id-663508' class='answer   answerof-163639 ' value='663508'   \/><label for='answer-id-663508' id='answer-label-663508' class=' answer'><span>Scattergraph<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163639[]' id='answer-id-663509' class='answer   answerof-163639 ' value='663509'   \/><label for='answer-id-663509' id='answer-label-663509' class=' answer'><span>Line of best fit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-163640'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=325 height=173 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image018-5.jpg\" v:shapes=\"_x0000_i1033\"><br><br \/>\r<br>The following data relates to Department A within a business unit. <br \/>\r<br>The overhead absorption rate per direct labour hour for Department A is: <br \/>\r<br>Give your answer to 2 decimal places.<\/div><input type='hidden' name='question_id[]' id='qID_27' value='163640' \/><input type='hidden' id='answerType163640' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163640[]' id='textarea_q_163640' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-163641'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=538 height=171 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image020-5.jpg\" v:shapes=\"_x0000_i1034\"><br><br \/>\r<br>The following information relates to Job 123: <br \/>\r<br>The selling price to the customer for Job 123 is:<\/div><input type='hidden' name='question_id[]' id='qID_28' value='163641' \/><input type='hidden' id='answerType163641' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163641[]' id='textarea_q_163641' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-163642'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>If the fixed costs are increased, the point at which the line plotted on a profit\/volume (PV) graph cuts the horizontal axis will:<\/div><input type='hidden' name='question_id[]' id='qID_29' value='163642' \/><input type='hidden' id='answerType163642' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163642[]' id='answer-id-663512' class='answer   answerof-163642 ' value='663512'   \/><label for='answer-id-663512' id='answer-label-663512' class=' answer'><span>Double<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163642[]' id='answer-id-663513' class='answer   answerof-163642 ' value='663513'   \/><label for='answer-id-663513' id='answer-label-663513' class=' answer'><span>Move to the left<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163642[]' id='answer-id-663514' class='answer   answerof-163642 ' value='663514'   \/><label for='answer-id-663514' id='answer-label-663514' class=' answer'><span>Stay the same<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163642[]' id='answer-id-663515' class='answer   answerof-163642 ' value='663515'   \/><label for='answer-id-663515' id='answer-label-663515' class=' answer'><span>Move to the right<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-163643'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which one of the following is a characteristic of strategic financial information?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='163643' \/><input type='hidden' id='answerType163643' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163643[]' id='answer-id-663516' class='answer   answerof-163643 ' value='663516'   \/><label for='answer-id-663516' id='answer-label-663516' class=' answer'><span>Detailed and accurate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163643[]' id='answer-id-663517' class='answer   answerof-163643 ' value='663517'   \/><label for='answer-id-663517' id='answer-label-663517' class=' answer'><span>Provided mainly to junior managers<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163643[]' id='answer-id-663518' class='answer   answerof-163643 ' value='663518'   \/><label for='answer-id-663518' id='answer-label-663518' class=' answer'><span>Provided daily to keep managers informed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163643[]' id='answer-id-663519' class='answer   answerof-163643 ' value='663519'   \/><label for='answer-id-663519' id='answer-label-663519' class=' answer'><span>Provides information for long term decision making<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-163644'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>In the process account, the accounting treatment of the value of the abnormal loss is:<\/div><input type='hidden' name='question_id[]' id='qID_31' value='163644' \/><input type='hidden' id='answerType163644' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163644[]' id='answer-id-663520' class='answer   answerof-163644 ' value='663520'   \/><label for='answer-id-663520' id='answer-label-663520' class=' answer'><span>Credit Process account Debit Abnormal Loss account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163644[]' id='answer-id-663521' class='answer   answerof-163644 ' value='663521'   \/><label for='answer-id-663521' id='answer-label-663521' class=' answer'><span>Debit Process account Credit Abnormal Loss account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163644[]' id='answer-id-663522' class='answer   answerof-163644 ' value='663522'   \/><label for='answer-id-663522' id='answer-label-663522' class=' answer'><span>Credit Process account Debit Normal Loss account<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163644[]' id='answer-id-663523' class='answer   answerof-163644 ' value='663523'   \/><label for='answer-id-663523' id='answer-label-663523' class=' answer'><span>Debit Process account Credit Normal Loss account<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-163645'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>A company can increase its margin of safety by which of the following independent actions? <br \/>\r<br>(a) Increasing sales and production <br \/>\r<br>(b) Raising the selling price per unit <br \/>\r<br>(c) Raising the variable cost per unit <br \/>\r<br>(d) Lowering fixed costs<\/div><input type='hidden' name='question_id[]' id='qID_32' value='163645' \/><input type='hidden' id='answerType163645' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163645[]' id='answer-id-663524' class='answer   answerof-163645 ' value='663524'   \/><label for='answer-id-663524' id='answer-label-663524' class=' answer'><span>(a) and (b) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163645[]' id='answer-id-663525' class='answer   answerof-163645 ' value='663525'   \/><label for='answer-id-663525' id='answer-label-663525' class=' answer'><span>(a), (b) and (c) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163645[]' id='answer-id-663526' class='answer   answerof-163645 ' value='663526'   \/><label for='answer-id-663526' id='answer-label-663526' class=' answer'><span>(a), (b) and (d) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163645[]' id='answer-id-663527' class='answer   answerof-163645 ' value='663527'   \/><label for='answer-id-663527' id='answer-label-663527' class=' answer'><span>(a), (c) and (d) only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-163646'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=290 height=104 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image022-4.jpg\" v:shapes=\"_x0000_i1035\"><br><br \/>\r<br>A company operates a batch costing system. <br \/>\r<br>Production overhead costs are absorbed into the cost of batches using a direct labour hour rate. Other overhead costs are absorbed at a rate of 20% of total production cost. The company adds a mark-up of 10% to total cost in order to derive its selling prices. <br \/>\r<br>Budgeted production overheads for the period are $44,000 and the budgeted level of activity is 8,800 direct labour hours. <br \/>\r<br>The following data are available for batch number 309: <br \/>\r<br>The required selling price per unit (to two decimal places) is:<\/div><input type='hidden' name='question_id[]' id='qID_33' value='163646' \/><input type='hidden' id='answerType163646' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163646[]' id='textarea_q_163646' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-163647'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Within a relevant range of output, the variable cost per unit of output will:<\/div><input type='hidden' name='question_id[]' id='qID_34' value='163647' \/><input type='hidden' id='answerType163647' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163647[]' id='answer-id-663529' class='answer   answerof-163647 ' value='663529'   \/><label for='answer-id-663529' id='answer-label-663529' class=' answer'><span>Increase as output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163647[]' id='answer-id-663530' class='answer   answerof-163647 ' value='663530'   \/><label for='answer-id-663530' id='answer-label-663530' class=' answer'><span>Reduce as output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163647[]' id='answer-id-663531' class='answer   answerof-163647 ' value='663531'   \/><label for='answer-id-663531' id='answer-label-663531' class=' answer'><span>Remain constant as output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163647[]' id='answer-id-663532' class='answer   answerof-163647 ' value='663532'   \/><label for='answer-id-663532' id='answer-label-663532' class=' answer'><span>Be impossible to tell without further information<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-163648'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>In investment appraisal, the internal rate of return is<\/div><input type='hidden' name='question_id[]' id='qID_35' value='163648' \/><input type='hidden' id='answerType163648' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163648[]' id='answer-id-663533' class='answer   answerof-163648 ' value='663533'   \/><label for='answer-id-663533' id='answer-label-663533' class=' answer'><span>the target rate of return for all investment proposals<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163648[]' id='answer-id-663534' class='answer   answerof-163648 ' value='663534'   \/><label for='answer-id-663534' id='answer-label-663534' class=' answer'><span>the rate at which a project\u2019s cash inflows is equal to its cash outflows<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163648[]' id='answer-id-663535' class='answer   answerof-163648 ' value='663535'   \/><label for='answer-id-663535' id='answer-label-663535' class=' answer'><span>the rate at which the present value of a project\u2019s cash inflows is zero<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163648[]' id='answer-id-663536' class='answer   answerof-163648 ' value='663536'   \/><label for='answer-id-663536' id='answer-label-663536' class=' answer'><span>the rate at which the present value of a project\u2019s cash inflows is equal to the present value of its cash outflows<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-163649'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Prime cost is:<\/div><input type='hidden' name='question_id[]' id='qID_36' value='163649' \/><input type='hidden' id='answerType163649' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163649[]' id='answer-id-663537' class='answer   answerof-163649 ' value='663537'   \/><label for='answer-id-663537' id='answer-label-663537' class=' answer'><span>Total product cost minus overheads<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163649[]' id='answer-id-663538' class='answer   answerof-163649 ' value='663538'   \/><label for='answer-id-663538' id='answer-label-663538' class=' answer'><span>The material cost of the product<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163649[]' id='answer-id-663539' class='answer   answerof-163649 ' value='663539'   \/><label for='answer-id-663539' id='answer-label-663539' class=' answer'><span>The cost of operating a cost centre<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163649[]' id='answer-id-663540' class='answer   answerof-163649 ' value='663540'   \/><label for='answer-id-663540' id='answer-label-663540' class=' answer'><span>All costs incurred in making a product<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-163650'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=190 height=116 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image024-3.jpg\" v:shapes=\"_x0000_i1036\"><br><br \/>\r<br>The following data relates to two activity levels of a department. Overhead absorption is on the basis of machine hours. <br \/>\r<br>The variable overhead rate per hour is &pound;4.50. The amount of fixed overhead, to the nearest &pound;000, is:<\/div><input type='hidden' name='question_id[]' id='qID_37' value='163650' \/><input type='hidden' id='answerType163650' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163650[]' id='textarea_q_163650' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-163651'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=312 height=202 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image026-3.jpg\" v:shapes=\"_x0000_i1037\"><br><br \/>\r<br>The following information is available for a production process: <br \/>\r<br>The cost per unit of good output is: <br \/>\r<br>Give your answer to 2 decimal places.<\/div><input type='hidden' name='question_id[]' id='qID_38' value='163651' \/><input type='hidden' id='answerType163651' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163651[]' id='textarea_q_163651' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-163652'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Fixed costs can best be described as:<\/div><input type='hidden' name='question_id[]' id='qID_39' value='163652' \/><input type='hidden' id='answerType163652' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163652[]' id='answer-id-663543' class='answer   answerof-163652 ' value='663543'   \/><label for='answer-id-663543' id='answer-label-663543' class=' answer'><span>Costs which are difficult to budget accurately<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163652[]' id='answer-id-663544' class='answer   answerof-163652 ' value='663544'   \/><label for='answer-id-663544' id='answer-label-663544' class=' answer'><span>Costs which remain constant, within a relevant range, when activity levels change<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163652[]' id='answer-id-663545' class='answer   answerof-163652 ' value='663545'   \/><label for='answer-id-663545' id='answer-label-663545' class=' answer'><span>Costs which never change<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163652[]' id='answer-id-663546' class='answer   answerof-163652 ' value='663546'   \/><label for='answer-id-663546' id='answer-label-663546' class=' answer'><span>Costs which are uncontrollable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-163653'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=304 height=115 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image028-2.jpg\" v:shapes=\"_x0000_i1038\"><br><br \/>\r<br>Xell Ltd uses a standard costing system and therefore values all inventory at standard cost. <br \/>\r<br>During period 3 the price paid for material 'A' was &pound;6 per kg less than the standard price. <br \/>\r<br>The following information for material 'A' relates to period 3: <br \/>\r<br>What was the material price variance for period 3?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='163653' \/><input type='hidden' id='answerType163653' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163653[]' id='answer-id-663547' class='answer   answerof-163653 ' value='663547'   \/><label for='answer-id-663547' id='answer-label-663547' class=' answer'><span>&pound;6 Favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163653[]' id='answer-id-663548' class='answer   answerof-163653 ' value='663548'   \/><label for='answer-id-663548' id='answer-label-663548' class=' answer'><span>&pound;60 Favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163653[]' id='answer-id-663549' class='answer   answerof-163653 ' value='663549'   \/><label for='answer-id-663549' id='answer-label-663549' class=' answer'><span>&pound;1500 Favourable<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163653[]' id='answer-id-663550' class='answer   answerof-163653 ' value='663550'   \/><label for='answer-id-663550' id='answer-label-663550' class=' answer'><span>&pound;1800 Favourable<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-163654'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=404 height=115 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image030-2.jpg\" v:shapes=\"_x0000_i1039\"><br><br \/>\r<br>C Ltd manufactures three products, which require the same type of materials. <br \/>\r<br>The following contribution and profit per unit is available: <br \/>\r<br><br><img decoding=\"async\" width=403 height=144 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image032-2.jpg\" v:shapes=\"_x0000_i1040\"><br><br \/>\r<br>In a period in which labour hours are in short supply, which of the following options is the rank order of production?<\/div><input type='hidden' name='question_id[]' id='qID_41' value='163654' \/><input type='hidden' id='answerType163654' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163654[]' id='answer-id-663551' class='answer   answerof-163654 ' value='663551'   \/><label for='answer-id-663551' id='answer-label-663551' class=' answer'><span>Option A<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163654[]' id='answer-id-663552' class='answer   answerof-163654 ' value='663552'   \/><label for='answer-id-663552' id='answer-label-663552' class=' answer'><span>Option B<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163654[]' id='answer-id-663553' class='answer   answerof-163654 ' value='663553'   \/><label for='answer-id-663553' id='answer-label-663553' class=' answer'><span>Option C<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163654[]' id='answer-id-663554' class='answer   answerof-163654 ' value='663554'   \/><label for='answer-id-663554' id='answer-label-663554' class=' answer'><span>Option D<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-163655'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=222 height=77 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image034-2.jpg\" v:shapes=\"_x0000_i1041\"><br><br \/>\r<br>The following forecast cash flows relate to a proposed investment in new delivery vehicles at a total cost of $75,000. <br \/>\r<br>The internal rate of return (IRR) of the proposed investment is (to two decimal places)<\/div><input type='hidden' name='question_id[]' id='qID_42' value='163655' \/><input type='hidden' id='answerType163655' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163655[]' id='textarea_q_163655' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-163656'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Within a relevant range of output, the fixed cost per unit of a product will:<\/div><input type='hidden' name='question_id[]' id='qID_43' value='163656' \/><input type='hidden' id='answerType163656' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163656[]' id='answer-id-663556' class='answer   answerof-163656 ' value='663556'   \/><label for='answer-id-663556' id='answer-label-663556' class=' answer'><span>Increase as total output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163656[]' id='answer-id-663557' class='answer   answerof-163656 ' value='663557'   \/><label for='answer-id-663557' id='answer-label-663557' class=' answer'><span>Remain constant as total output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163656[]' id='answer-id-663558' class='answer   answerof-163656 ' value='663558'   \/><label for='answer-id-663558' id='answer-label-663558' class=' answer'><span>Reduce as total output increases<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163656[]' id='answer-id-663559' class='answer   answerof-163656 ' value='663559'   \/><label for='answer-id-663559' id='answer-label-663559' class=' answer'><span>Impossible to tell without more information<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-163657'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=296 height=144 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image036-2.jpg\" v:shapes=\"_x0000_i1042\"><br><br \/>\r<br>The following budgetary information is available for a department in a manufacturing company: <br \/>\r<br>The production overhead absorption rate percentage, when the percentage on prime cost is used, is:<\/div><input type='hidden' name='question_id[]' id='qID_44' value='163657' \/><input type='hidden' id='answerType163657' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163657[]' id='textarea_q_163657' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-163658'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>An overtime premium may be defined as:<\/div><input type='hidden' name='question_id[]' id='qID_45' value='163658' \/><input type='hidden' id='answerType163658' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163658[]' id='answer-id-663561' class='answer   answerof-163658 ' value='663561'   \/><label for='answer-id-663561' id='answer-label-663561' class=' answer'><span>The rate of pay at which overtime hours are paid<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163658[]' id='answer-id-663562' class='answer   answerof-163658 ' value='663562'   \/><label for='answer-id-663562' id='answer-label-663562' class=' answer'><span>A premium paid to workers with special skills<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163658[]' id='answer-id-663563' class='answer   answerof-163658 ' value='663563'   \/><label for='answer-id-663563' id='answer-label-663563' class=' answer'><span>The additional payment made during overtime hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163658[]' id='answer-id-663564' class='answer   answerof-163658 ' value='663564'   \/><label for='answer-id-663564' id='answer-label-663564' class=' answer'><span>The total number of overtime hours worked<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-46' style=';'><div id='questionWrap-46'  class='   watupro-question-id-163659'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>46. <\/span>Which of the following categories of costs is the most relevant for decision making?<\/div><input type='hidden' name='question_id[]' id='qID_46' value='163659' \/><input type='hidden' id='answerType163659' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163659[]' id='answer-id-663565' class='answer   answerof-163659 ' value='663565'   \/><label for='answer-id-663565' id='answer-label-663565' class=' answer'><span>Current costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163659[]' id='answer-id-663566' class='answer   answerof-163659 ' value='663566'   \/><label for='answer-id-663566' id='answer-label-663566' class=' answer'><span>Notional costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163659[]' id='answer-id-663567' class='answer   answerof-163659 ' value='663567'   \/><label for='answer-id-663567' id='answer-label-663567' class=' answer'><span>Estimated future costs<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163659[]' id='answer-id-663568' class='answer   answerof-163659 ' value='663568'   \/><label for='answer-id-663568' id='answer-label-663568' class=' answer'><span>Costs already incurred which are known with certainty<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-47' style=';'><div id='questionWrap-47'  class='   watupro-question-id-163660'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>47. <\/span>The decision rule to use when determining the optimal production plan if there is a scarce resource is:<\/div><input type='hidden' name='question_id[]' id='qID_47' value='163660' \/><input type='hidden' id='answerType163660' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163660[]' id='answer-id-663569' class='answer   answerof-163660 ' value='663569'   \/><label for='answer-id-663569' id='answer-label-663569' class=' answer'><span>Maximise profit per unit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163660[]' id='answer-id-663570' class='answer   answerof-163660 ' value='663570'   \/><label for='answer-id-663570' id='answer-label-663570' class=' answer'><span>Maximise profit per unit of scarce resource<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163660[]' id='answer-id-663571' class='answer   answerof-163660 ' value='663571'   \/><label for='answer-id-663571' id='answer-label-663571' class=' answer'><span>Maximise contribution per unit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163660[]' id='answer-id-663572' class='answer   answerof-163660 ' value='663572'   \/><label for='answer-id-663572' id='answer-label-663572' class=' answer'><span>Maximise contribution per unit of scarce resource<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-48' style=';'><div id='questionWrap-48'  class='   watupro-question-id-163661'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>48. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=405 height=86 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image038-2.jpg\" v:shapes=\"_x0000_i1043\"><br><br \/>\r<br>Budget information for 'Crome Ltd' is as follows: <br \/>\r<br>The budgeted cost allowance for the sale of 1000 units would be:<\/div><input type='hidden' name='question_id[]' id='qID_48' value='163661' \/><input type='hidden' id='answerType163661' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163661[]' id='answer-id-663573' class='answer   answerof-163661 ' value='663573'   \/><label for='answer-id-663573' id='answer-label-663573' class=' answer'><span>&pound;25,846<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163661[]' id='answer-id-663574' class='answer   answerof-163661 ' value='663574'   \/><label for='answer-id-663574' id='answer-label-663574' class=' answer'><span>&pound;30,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163661[]' id='answer-id-663575' class='answer   answerof-163661 ' value='663575'   \/><label for='answer-id-663575' id='answer-label-663575' class=' answer'><span>&pound;32,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163661[]' id='answer-id-663576' class='answer   answerof-163661 ' value='663576'   \/><label for='answer-id-663576' id='answer-label-663576' class=' answer'><span>&pound;48,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-49' style=';'><div id='questionWrap-49'  class='   watupro-question-id-163662'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>49. <\/span>Which one of the following is NOT one of the five stated fundamental principles of CIMA's code of ethics?<\/div><input type='hidden' name='question_id[]' id='qID_49' value='163662' \/><input type='hidden' id='answerType163662' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163662[]' id='answer-id-663577' class='answer   answerof-163662 ' value='663577'   \/><label for='answer-id-663577' id='answer-label-663577' class=' answer'><span>Integrity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163662[]' id='answer-id-663578' class='answer   answerof-163662 ' value='663578'   \/><label for='answer-id-663578' id='answer-label-663578' class=' answer'><span>Objectivity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163662[]' id='answer-id-663579' class='answer   answerof-163662 ' value='663579'   \/><label for='answer-id-663579' id='answer-label-663579' class=' answer'><span>Punctuality<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163662[]' id='answer-id-663580' class='answer   answerof-163662 ' value='663580'   \/><label for='answer-id-663580' id='answer-label-663580' class=' answer'><span>Confidentiality<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-50' style=';'><div id='questionWrap-50'  class='   watupro-question-id-163663'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>50. <\/span>The accounting treatment for overheads over absorbed is to:<\/div><input type='hidden' name='question_id[]' id='qID_50' value='163663' \/><input type='hidden' id='answerType163663' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163663[]' id='answer-id-663581' class='answer   answerof-163663 ' value='663581'   \/><label for='answer-id-663581' id='answer-label-663581' class=' answer'><span>Debit the income statement for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163663[]' id='answer-id-663582' class='answer   answerof-163663 ' value='663582'   \/><label for='answer-id-663582' id='answer-label-663582' class=' answer'><span>Increase the cost per unit for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163663[]' id='answer-id-663583' class='answer   answerof-163663 ' value='663583'   \/><label for='answer-id-663583' id='answer-label-663583' class=' answer'><span>Credit the income statement for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163663[]' id='answer-id-663584' class='answer   answerof-163663 ' value='663584'   \/><label for='answer-id-663584' id='answer-label-663584' class=' answer'><span>Decrease the cost per unit for the period<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-51' style=';'><div id='questionWrap-51'  class='   watupro-question-id-163664'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>51. <\/span>CORRECT TEXT <br \/>\r<br>A company operates a full cost system of pricing. Production overheads are absorbed using a pre-determined absorption rate of &pound;3.50 per machine hour. The direct production cost of product A is &pound;15 per unit and it utilises 6 machine hours per unit. The mark-up for non-production costs is 10% of total production cost. The company wants to make a 25% return on sales revenue for all products. <br \/>\r<br>The required selling price for Product A, to two decimal places, is:<\/div><input type='hidden' name='question_id[]' id='qID_51' value='163664' \/><input type='hidden' id='answerType163664' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163664[]' id='textarea_q_163664' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-52' style=';'><div id='questionWrap-52'  class='   watupro-question-id-163665'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>52. <\/span>CORRECT TEXT <br \/>\r<br>A product sells for &pound;10 per unit and has an annual break-even volume of 50,000 units. The annual fixed costs are &pound;100,000. <br \/>\r<br>The variable cost per unit is: <br \/>\r<br>Give your answer to 2 decimal places.<\/div><input type='hidden' name='question_id[]' id='qID_52' value='163665' \/><input type='hidden' id='answerType163665' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163665[]' id='textarea_q_163665' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-53' style=';'><div id='questionWrap-53'  class='   watupro-question-id-163666'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>53. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=371 height=129 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image040-2.jpg\" v:shapes=\"_x0000_i1044\"><br><br \/>\r<br>The wages analysis for the welding department of a manufacturing company is given below: <br \/>\r<br>What is the direct labor cost for the welding department?<\/div><input type='hidden' name='question_id[]' id='qID_53' value='163666' \/><input type='hidden' id='answerType163666' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163666[]' id='answer-id-663587' class='answer   answerof-163666 ' value='663587'   \/><label for='answer-id-663587' id='answer-label-663587' class=' answer'><span>$40,550<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163666[]' id='answer-id-663588' class='answer   answerof-163666 ' value='663588'   \/><label for='answer-id-663588' id='answer-label-663588' class=' answer'><span>$36,890<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163666[]' id='answer-id-663589' class='answer   answerof-163666 ' value='663589'   \/><label for='answer-id-663589' id='answer-label-663589' class=' answer'><span>$30,250<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163666[]' id='answer-id-663590' class='answer   answerof-163666 ' value='663590'   \/><label for='answer-id-663590' id='answer-label-663590' class=' answer'><span>$38,490<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-54' style=';'><div id='questionWrap-54'  class='   watupro-question-id-163667'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>54. <\/span>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=508 height=265 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image042-2.jpg\" v:shapes=\"_x0000_i1045\"><br><br \/>\r<br>A company operates an absorption costing system. The management accounts show that fixed production overheads were over-absorbed in the period. <br \/>\r<br>Which FOUR combinations could possibly have resulted in this situation?<\/div><input type='hidden' name='question_id[]' id='qID_54' value='163667' \/><input type='hidden' id='answerType163667' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663591' class='answer   answerof-163667 ' value='663591'   \/><label for='answer-id-663591' id='answer-label-663591' class=' answer'><span>Combination A<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663592' class='answer   answerof-163667 ' value='663592'   \/><label for='answer-id-663592' id='answer-label-663592' class=' answer'><span>Combination B<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663593' class='answer   answerof-163667 ' value='663593'   \/><label for='answer-id-663593' id='answer-label-663593' class=' answer'><span>Combination C<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663594' class='answer   answerof-163667 ' value='663594'   \/><label for='answer-id-663594' id='answer-label-663594' class=' answer'><span>Combination D<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663595' class='answer   answerof-163667 ' value='663595'   \/><label for='answer-id-663595' id='answer-label-663595' class=' answer'><span>Combination E<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663596' class='answer   answerof-163667 ' value='663596'   \/><label for='answer-id-663596' id='answer-label-663596' class=' answer'><span>Combination F<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663597' class='answer   answerof-163667 ' value='663597'   \/><label for='answer-id-663597' id='answer-label-663597' class=' answer'><span>Combination G<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163667[]' id='answer-id-663598' class='answer   answerof-163667 ' value='663598'   \/><label for='answer-id-663598' id='answer-label-663598' class=' answer'><span>Combination H<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-55' style=';'><div id='questionWrap-55'  class='   watupro-question-id-163668'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>55. <\/span>The principal budget factor can be defined as:<\/div><input type='hidden' name='question_id[]' id='qID_55' value='163668' \/><input type='hidden' id='answerType163668' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163668[]' id='answer-id-663599' class='answer   answerof-163668 ' value='663599'   \/><label for='answer-id-663599' id='answer-label-663599' class=' answer'><span>The factor which has the highest value in the budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163668[]' id='answer-id-663600' class='answer   answerof-163668 ' value='663600'   \/><label for='answer-id-663600' id='answer-label-663600' class=' answer'><span>The factor which limits the activities of the organisation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163668[]' id='answer-id-663601' class='answer   answerof-163668 ' value='663601'   \/><label for='answer-id-663601' id='answer-label-663601' class=' answer'><span>The factor which is most likely to result in an adverse variance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163668[]' id='answer-id-663602' class='answer   answerof-163668 ' value='663602'   \/><label for='answer-id-663602' id='answer-label-663602' class=' answer'><span>The factor which is least likely to change in the future<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-56' style=';'><div id='questionWrap-56'  class='   watupro-question-id-163669'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>56. <\/span>CORRECT TEXT <br \/>\r<br>Apex Plc has budgeted to sell 8,000 units of A in the year. Opening inventory of A is estimated at 1,000 units and the company plans to reduce inventory levels of all products by 15%. <br \/>\r<br>What will be the production budget (in units) for the year?<\/div><input type='hidden' name='question_id[]' id='qID_56' value='163669' \/><input type='hidden' id='answerType163669' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163669[]' id='textarea_q_163669' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-57' style=';'><div id='questionWrap-57'  class='   watupro-question-id-163670'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>57. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=268 height=106 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image044-2.jpg\" v:shapes=\"_x0000_i1046\"><br><br \/>\r<br>PJ Ltd has forecast that the relationship between total overheads and machine hours will be as follows: <br \/>\r<br>If the budget is to be based on 4,000 machine hours, the variable overhead absorption rate will be: <br \/>\r<br>*per machine hour. <br \/>\r<br>Give your answer to 2 decimal places.<\/div><input type='hidden' name='question_id[]' id='qID_57' value='163670' \/><input type='hidden' id='answerType163670' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163670[]' id='textarea_q_163670' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-58' style=';'><div id='questionWrap-58'  class='   watupro-question-id-163671'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>58. <\/span>Which of the following industries would not use process costing?<\/div><input type='hidden' name='question_id[]' id='qID_58' value='163671' \/><input type='hidden' id='answerType163671' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163671[]' id='answer-id-663605' class='answer   answerof-163671 ' value='663605'   \/><label for='answer-id-663605' id='answer-label-663605' class=' answer'><span>Brewing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163671[]' id='answer-id-663606' class='answer   answerof-163671 ' value='663606'   \/><label for='answer-id-663606' id='answer-label-663606' class=' answer'><span>House-building<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163671[]' id='answer-id-663607' class='answer   answerof-163671 ' value='663607'   \/><label for='answer-id-663607' id='answer-label-663607' class=' answer'><span>Chemical<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163671[]' id='answer-id-663608' class='answer   answerof-163671 ' value='663608'   \/><label for='answer-id-663608' id='answer-label-663608' class=' answer'><span>Food processing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-59' style=';'><div id='questionWrap-59'  class='   watupro-question-id-163672'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>59. <\/span>FL uses an absorption costing system. The overhead absorption rate for production overheads is $8.60 per direct labour hour. <br \/>\r<br>Budgeted production overhead costs for the year were $473,000 and actual costs incurred were $468,000. 56,000 labour hours were used. <br \/>\r<br>Which ONE of the following statements is correct?<\/div><input type='hidden' name='question_id[]' id='qID_59' value='163672' \/><input type='hidden' id='answerType163672' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163672[]' id='answer-id-663609' class='answer   answerof-163672 ' value='663609'   \/><label for='answer-id-663609' id='answer-label-663609' class=' answer'><span>Overheads were under-absorbed by $5,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163672[]' id='answer-id-663610' class='answer   answerof-163672 ' value='663610'   \/><label for='answer-id-663610' id='answer-label-663610' class=' answer'><span>Overheads were over-absorbed by $8,600<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163672[]' id='answer-id-663611' class='answer   answerof-163672 ' value='663611'   \/><label for='answer-id-663611' id='answer-label-663611' class=' answer'><span>Overheads were under-absorbed by $8,600<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163672[]' id='answer-id-663612' class='answer   answerof-163672 ' value='663612'   \/><label for='answer-id-663612' id='answer-label-663612' class=' answer'><span>Overheads were over-absorbed by $13,600<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-60' style=';'><div id='questionWrap-60'  class='   watupro-question-id-163673'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>60. <\/span>A company operates an absorption costing system. Overheads are absorbed using a pre-determined absorption rate using labour hours. <br \/>\r<br>Actual labour hours were 10% below budget for the period and overheads incurred were 10% above budget for the period. This would result in:<\/div><input type='hidden' name='question_id[]' id='qID_60' value='163673' \/><input type='hidden' id='answerType163673' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163673[]' id='answer-id-663613' class='answer   answerof-163673 ' value='663613'   \/><label for='answer-id-663613' id='answer-label-663613' class=' answer'><span>An over-absorption of overheads for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163673[]' id='answer-id-663614' class='answer   answerof-163673 ' value='663614'   \/><label for='answer-id-663614' id='answer-label-663614' class=' answer'><span>An under-absorption of overheads for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163673[]' id='answer-id-663615' class='answer   answerof-163673 ' value='663615'   \/><label for='answer-id-663615' id='answer-label-663615' class=' answer'><span>Neither an over- or under-absorption of overheads for the period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163673[]' id='answer-id-663616' class='answer   answerof-163673 ' value='663616'   \/><label for='answer-id-663616' id='answer-label-663616' class=' answer'><span>Impossible to tell from the information available<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-61' style=';'><div id='questionWrap-61'  class='   watupro-question-id-163674'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>61. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=314 height=157 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image046-2.jpg\" v:shapes=\"_x0000_i1047\"><br><br \/>\r<br>X Enterprises runs a private nursing home for the elderly. The company are concerned that bed occupancy rates have been falling over the past 2 years with a consequential effect on profit. <br \/>\r<br>They have drawn up a budget for next year as follows: <br \/>\r<br>The nursing home currently charges $90 per patient day. <br \/>\r<br>The nursing home operates at 7,500 patient days per year. In an effort to increase occupancy rates the company are proposing to reduce the current price by 10% and increase spending on advertising by $10,000 each year. <br \/>\r<br>What effect will this have on the margin of safety?<\/div><input type='hidden' name='question_id[]' id='qID_61' value='163674' \/><input type='hidden' id='answerType163674' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163674[]' id='answer-id-663617' class='answer   answerof-163674 ' value='663617'   \/><label for='answer-id-663617' id='answer-label-663617' class=' answer'><span>Reduce the margin of safety by 1,178 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163674[]' id='answer-id-663618' class='answer   answerof-163674 ' value='663618'   \/><label for='answer-id-663618' id='answer-label-663618' class=' answer'><span>Reduce the margin of safety by 622 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163674[]' id='answer-id-663619' class='answer   answerof-163674 ' value='663619'   \/><label for='answer-id-663619' id='answer-label-663619' class=' answer'><span>Increase the margin of safety by 1,178 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163674[]' id='answer-id-663620' class='answer   answerof-163674 ' value='663620'   \/><label for='answer-id-663620' id='answer-label-663620' class=' answer'><span>Increase the margin of safety by 622 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-62' style=';'><div id='questionWrap-62'  class='   watupro-question-id-163675'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>62. <\/span>In a manufacturing company which produces a range of products, the production manager's salary would be classified as A.<\/div><input type='hidden' name='question_id[]' id='qID_62' value='163675' \/><input type='hidden' id='answerType163675' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163675[]' id='answer-id-663621' class='answer   answerof-163675 ' value='663621'   \/><label for='answer-id-663621' id='answer-label-663621' class=' answer'><span>Direct labour cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163675[]' id='answer-id-663622' class='answer   answerof-163675 ' value='663622'   \/><label for='answer-id-663622' id='answer-label-663622' class=' answer'><span>Direct expense<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163675[]' id='answer-id-663623' class='answer   answerof-163675 ' value='663623'   \/><label for='answer-id-663623' id='answer-label-663623' class=' answer'><span>Indirect labour cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163675[]' id='answer-id-663624' class='answer   answerof-163675 ' value='663624'   \/><label for='answer-id-663624' id='answer-label-663624' class=' answer'><span>Indirect expense<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-63' style=';'><div id='questionWrap-63'  class='   watupro-question-id-163676'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>63. <\/span>The wages of a machine operator who is paid a guaranteed minimum wage plus a bonus for each unit produced would be described as A.<\/div><input type='hidden' name='question_id[]' id='qID_63' value='163676' \/><input type='hidden' id='answerType163676' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163676[]' id='answer-id-663625' class='answer   answerof-163676 ' value='663625'   \/><label for='answer-id-663625' id='answer-label-663625' class=' answer'><span>Fixed cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163676[]' id='answer-id-663626' class='answer   answerof-163676 ' value='663626'   \/><label for='answer-id-663626' id='answer-label-663626' class=' answer'><span>Semi-variable cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163676[]' id='answer-id-663627' class='answer   answerof-163676 ' value='663627'   \/><label for='answer-id-663627' id='answer-label-663627' class=' answer'><span>Variable cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163676[]' id='answer-id-663628' class='answer   answerof-163676 ' value='663628'   \/><label for='answer-id-663628' id='answer-label-663628' class=' answer'><span>Stepped fixed cost<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-64' style=';'><div id='questionWrap-64'  class='   watupro-question-id-163677'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>64. <\/span>SP Limited operates an absorption costing system. It uses a predetermined overhead absorption rate based on machine hours. Budgeted factory overheads for the year were &pound;1,080,000 but actual overhead incurred was &pound;1,046,000. Budgeted machine hours were 120,000 and actual machine hours were 119,000. <br \/>\r<br>Overheads for the period were.<\/div><input type='hidden' name='question_id[]' id='qID_64' value='163677' \/><input type='hidden' id='answerType163677' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163677[]' id='answer-id-663629' class='answer   answerof-163677 ' value='663629'   \/><label for='answer-id-663629' id='answer-label-663629' class=' answer'><span>Under-absorbed by &pound;25,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163677[]' id='answer-id-663630' class='answer   answerof-163677 ' value='663630'   \/><label for='answer-id-663630' id='answer-label-663630' class=' answer'><span>Under-absorbed by &pound;9,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163677[]' id='answer-id-663631' class='answer   answerof-163677 ' value='663631'   \/><label for='answer-id-663631' id='answer-label-663631' class=' answer'><span>Over-absorbed by &pound;25,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163677[]' id='answer-id-663632' class='answer   answerof-163677 ' value='663632'   \/><label for='answer-id-663632' id='answer-label-663632' class=' answer'><span>Over-absorbed by &pound;9,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-65' style=';'><div id='questionWrap-65'  class='   watupro-question-id-163678'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>65. <\/span>The variable overhead efficiency variance is:<\/div><input type='hidden' name='question_id[]' id='qID_65' value='163678' \/><input type='hidden' id='answerType163678' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163678[]' id='answer-id-663633' class='answer   answerof-163678 ' value='663633'   \/><label for='answer-id-663633' id='answer-label-663633' class=' answer'><span>The same as the direct labour efficiency variance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163678[]' id='answer-id-663634' class='answer   answerof-163678 ' value='663634'   \/><label for='answer-id-663634' id='answer-label-663634' class=' answer'><span>The difference between the actual hours worked and the standard hours produced, multiplied by the variable overhead absorption rate<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163678[]' id='answer-id-663635' class='answer   answerof-163678 ' value='663635'   \/><label for='answer-id-663635' id='answer-label-663635' class=' answer'><span>The difference between the actual variable overheads incurred and those absorbed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163678[]' id='answer-id-663636' class='answer   answerof-163678 ' value='663636'   \/><label for='answer-id-663636' id='answer-label-663636' class=' answer'><span>The actual hours worked multiplied by the variable overhead absorption rate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-66' style=';'><div id='questionWrap-66'  class='   watupro-question-id-163679'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>66. <\/span>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=404 height=115 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image048-2.jpg\" v:shapes=\"_x0000_i1048\"><br><br \/>\r<br>Zepher Ltd. manufactures three products, which require the same type of machine. The following fixed cost and profit per unit is available: <br \/>\r<br><br><img decoding=\"async\" width=403 height=144 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image050-2.jpg\" v:shapes=\"_x0000_i1049\"><br><br \/>\r<br>In a period in which machine hours are in short supply, which of the following options is the rank order of production? <br \/>\r<br>Answer is:<\/div><input type='hidden' name='question_id[]' id='qID_66' value='163679' \/><input type='hidden' id='answerType163679' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163679[]' id='answer-id-663637' class='answer   answerof-163679 ' value='663637'   \/><label for='answer-id-663637' id='answer-label-663637' class=' answer'><span>Option A<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163679[]' id='answer-id-663638' class='answer   answerof-163679 ' value='663638'   \/><label for='answer-id-663638' id='answer-label-663638' class=' answer'><span>Option B<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163679[]' id='answer-id-663639' class='answer   answerof-163679 ' value='663639'   \/><label for='answer-id-663639' id='answer-label-663639' class=' answer'><span>Option C<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163679[]' id='answer-id-663640' class='answer   answerof-163679 ' value='663640'   \/><label for='answer-id-663640' id='answer-label-663640' class=' answer'><span>Option D<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-67' style=';'><div id='questionWrap-67'  class='   watupro-question-id-163680'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>67. <\/span>CORRECT TEXT <br \/>\r<br>A company operates a full cost system of pricing. Production overheads are absorbed using a pre-determined absorption rate of &pound;3.50 per machine hour. The direct production cost of product A is &pound;15 per unit and it utilises 6 machine hours per unit. The mark-up for non-production costs is 10% of total production cost. The company applies a 25% mark-up on total cost for all products. <br \/>\r<br>The required selling price for Product A, to two decimal places, is:<\/div><input type='hidden' name='question_id[]' id='qID_67' value='163680' \/><input type='hidden' id='answerType163680' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163680[]' id='textarea_q_163680' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-68' style=';'><div id='questionWrap-68'  class='   watupro-question-id-163681'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>68. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the Exhibit. <br \/>\r<br><br><img decoding=\"async\" width=384 height=289 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image052-2.jpg\" v:shapes=\"_x0000_i1050\"><br><br \/>\r<br>The following details have been extracted from the receivables collection records of SBC: <br \/>\r<br>The amount budgeted to be received in September from credit sales is, to the nearest &pound;000:<\/div><input type='hidden' name='question_id[]' id='qID_68' value='163681' \/><input type='hidden' id='answerType163681' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163681[]' id='textarea_q_163681' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-69' style=';'><div id='questionWrap-69'  class='   watupro-question-id-163682'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>69. <\/span>Each finished carton of product P contains 15 litres of liquid L. During the production process there is an unavoidable loss of 20% of the liquid input. The standard price of liquid L is $2 per litre. <br \/>\r<br>The standard ingredient cost for liquid L shown on the standard cost card for one carton of product P will be<\/div><input type='hidden' name='question_id[]' id='qID_69' value='163682' \/><input type='hidden' id='answerType163682' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163682[]' id='answer-id-663643' class='answer   answerof-163682 ' value='663643'   \/><label for='answer-id-663643' id='answer-label-663643' class=' answer'><span>$18.75<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163682[]' id='answer-id-663644' class='answer   answerof-163682 ' value='663644'   \/><label for='answer-id-663644' id='answer-label-663644' class=' answer'><span>$30.00<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163682[]' id='answer-id-663645' class='answer   answerof-163682 ' value='663645'   \/><label for='answer-id-663645' id='answer-label-663645' class=' answer'><span>$36.00<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163682[]' id='answer-id-663646' class='answer   answerof-163682 ' value='663646'   \/><label for='answer-id-663646' id='answer-label-663646' class=' answer'><span>$37.50<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-70' style=';'><div id='questionWrap-70'  class='   watupro-question-id-163683'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>70. <\/span>The following costs are incurred by a company which owns a five star hotel. <br \/>\r<br>Which THREE of the items would normally be classified as variable costs?<\/div><input type='hidden' name='question_id[]' id='qID_70' value='163683' \/><input type='hidden' id='answerType163683' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663647' class='answer   answerof-163683 ' value='663647'   \/><label for='answer-id-663647' id='answer-label-663647' class=' answer'><span>Advertising<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663648' class='answer   answerof-163683 ' value='663648'   \/><label for='answer-id-663648' id='answer-label-663648' class=' answer'><span>Food<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663649' class='answer   answerof-163683 ' value='663649'   \/><label for='answer-id-663649' id='answer-label-663649' class=' answer'><span>Depreciation on gym equipment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663650' class='answer   answerof-163683 ' value='663650'   \/><label for='answer-id-663650' id='answer-label-663650' class=' answer'><span>Restaurant Manager's salary<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663651' class='answer   answerof-163683 ' value='663651'   \/><label for='answer-id-663651' id='answer-label-663651' class=' answer'><span>Beverages<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163683[]' id='answer-id-663652' class='answer   answerof-163683 ' value='663652'   \/><label for='answer-id-663652' id='answer-label-663652' class=' answer'><span>Outside laundry service<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-71' style=';'><div id='questionWrap-71'  class='   watupro-question-id-163684'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>71. <\/span>Within the relevant range, a variable cost is a cost which:<\/div><input type='hidden' name='question_id[]' id='qID_71' value='163684' \/><input type='hidden' id='answerType163684' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163684[]' id='answer-id-663653' class='answer   answerof-163684 ' value='663653'   \/><label for='answer-id-663653' id='answer-label-663653' class=' answer'><span>cannot be forecast with any degree of accuracy because of its variability.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163684[]' id='answer-id-663654' class='answer   answerof-163684 ' value='663654'   \/><label for='answer-id-663654' id='answer-label-663654' class=' answer'><span>varies in total in proportion to the level of activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163684[]' id='answer-id-663655' class='answer   answerof-163684 ' value='663655'   \/><label for='answer-id-663655' id='answer-label-663655' class=' answer'><span>varies per unit in proportion to the level of activity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163684[]' id='answer-id-663656' class='answer   answerof-163684 ' value='663656'   \/><label for='answer-id-663656' id='answer-label-663656' class=' answer'><span>varies in total in proportion to the level of inflation.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-72' style=';'><div id='questionWrap-72'  class='   watupro-question-id-163685'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>72. <\/span>CORRECT TEXT <br \/>\r<br>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=284 height=199 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image054-2.jpg\" v:shapes=\"_x0000_i1051\"><br><br \/>\r<br>Patchit Limited operates a job costing system. They have been asked to quote for a rush job that will require to be done in overtime hours. <br \/>\r<br>It is estimated that the job will incur the following costs: <br \/>\r<br>Production overheads are absorbed on a direct labour hour basis. Budgeted direct labour hours for the year were 50,000 and budgeted direct labour cost was $300,000. <br \/>\r<br>If production overheads had been based on a percentage of direct labour cost, the revised production costs for the job would be:<\/div><input type='hidden' name='question_id[]' id='qID_72' value='163685' \/><input type='hidden' id='answerType163685' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163685[]' id='textarea_q_163685' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-73' style=';'><div id='questionWrap-73'  class='   watupro-question-id-163686'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>73. <\/span>In order to provide information that is suitable for control purposes, the budget must be:<\/div><input type='hidden' name='question_id[]' id='qID_73' value='163686' \/><input type='hidden' id='answerType163686' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163686[]' id='answer-id-663658' class='answer   answerof-163686 ' value='663658'   \/><label for='answer-id-663658' id='answer-label-663658' class=' answer'><span>Computer generated<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163686[]' id='answer-id-663659' class='answer   answerof-163686 ' value='663659'   \/><label for='answer-id-663659' id='answer-label-663659' class=' answer'><span>Fixed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163686[]' id='answer-id-663660' class='answer   answerof-163686 ' value='663660'   \/><label for='answer-id-663660' id='answer-label-663660' class=' answer'><span>Flexed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163686[]' id='answer-id-663661' class='answer   answerof-163686 ' value='663661'   \/><label for='answer-id-663661' id='answer-label-663661' class=' answer'><span>Ideal<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-74' style=';'><div id='questionWrap-74'  class='   watupro-question-id-163687'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>74. <\/span>CORRECT TEXT <br \/>\r<br>C Ltd produces a chemical in a single process. Information for this process last month is as follows: <br \/>\r<br>(a) Opening work in progress - 10000 kg valued at &pound;10000 for direct material and &pound;7500 for conversion costs. <br \/>\r<br>(b) Materials input - 25000 kg at &pound;1.10 per kg. <br \/>\r<br>(c) Conversion costs - &pound;17000 <br \/>\r<br>(d) Output during the month - 23000 kg. <br \/>\r<br>(e) There were 7500 units of closing work in progress which was complete as to materials and 30% complete as to conversion. <br \/>\r<br>(f) Normal loss for the month was 10% of input and all losses have a scrap value of 80p per kg. <br \/>\r<br>What was the value of normal loss during the month?<\/div><input type='hidden' name='question_id[]' id='qID_74' value='163687' \/><input type='hidden' id='answerType163687' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163687[]' id='textarea_q_163687' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-75' style=';'><div id='questionWrap-75'  class='   watupro-question-id-163688'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>75. <\/span>Which of the following best describes a step cost?<\/div><input type='hidden' name='question_id[]' id='qID_75' value='163688' \/><input type='hidden' id='answerType163688' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163688[]' id='answer-id-663663' class='answer   answerof-163688 ' value='663663'   \/><label for='answer-id-663663' id='answer-label-663663' class=' answer'><span>A cost which remains constant until activity reaches a critical level; thereafter the cost increases to a higher level and the unit cost remains constant until the next critical activity level is reached.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163688[]' id='answer-id-663664' class='answer   answerof-163688 ' value='663664'   \/><label for='answer-id-663664' id='answer-label-663664' class=' answer'><span>A cost which increases steadily until activity reaches a critical level; thereafter the cost increases to a higher level and the total cost remains constant until the next critical activity level is reached.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163688[]' id='answer-id-663665' class='answer   answerof-163688 ' value='663665'   \/><label for='answer-id-663665' id='answer-label-663665' class=' answer'><span>A cost which remains constant until activity reaches a critical level; thereafter the cost increases to a higher level and the total cost remains constant until the next critical activity level is reached.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163688[]' id='answer-id-663666' class='answer   answerof-163688 ' value='663666'   \/><label for='answer-id-663666' id='answer-label-663666' class=' answer'><span>A cost which increases per unit until activity reaches a critical level; thereafter the cost increases to a higher level and the unit cost remains constant until the next critical activity level is reached.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-76' style=';'><div id='questionWrap-76'  class='   watupro-question-id-163689'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>76. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=276 height=85 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image056-2.jpg\" v:shapes=\"_x0000_i1052\"><br><br \/>\r<br>DS is manufacturing company that uses an integrated accounting system. <br \/>\r<br>The following payroll data is available for the month of August: <br \/>\r<br>The Employers' National Insurance for the period was $13,790. <br \/>\r<br>An analysis of the wages is as follows: <br \/>\r<br>Which of the following factors affect the budgeted cash flow: <br \/>\r<br>(a) Funds from the issue of share capital <br \/>\r<br>(b) Bank Interest on a long term loan <br \/>\r<br>(c) Depreciation on fixed assets <br \/>\r<br>(d) Bad debt write off<\/div><input type='hidden' name='question_id[]' id='qID_76' value='163689' \/><input type='hidden' id='answerType163689' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163689[]' id='answer-id-663667' class='answer   answerof-163689 ' value='663667'   \/><label for='answer-id-663667' id='answer-label-663667' class=' answer'><span>Factors (a), (b), (c) and (d)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163689[]' id='answer-id-663668' class='answer   answerof-163689 ' value='663668'   \/><label for='answer-id-663668' id='answer-label-663668' class=' answer'><span>Factors (a) and (b) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163689[]' id='answer-id-663669' class='answer   answerof-163689 ' value='663669'   \/><label for='answer-id-663669' id='answer-label-663669' class=' answer'><span>Factor (a) only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163689[]' id='answer-id-663670' class='answer   answerof-163689 ' value='663670'   \/><label for='answer-id-663670' id='answer-label-663670' class=' answer'><span>Factors (b), (c) and (d) only<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-77' style=';'><div id='questionWrap-77'  class='   watupro-question-id-163690'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>77. <\/span>CORRECT TEXT <br \/>\r<br>A company currently allows a discount of 10% to customers who pay at the time of purchase. If 20% of customers pay immediately, the extra sales needed in July to increase the cash receipts in that month by &pound;9,000 are:<\/div><input type='hidden' name='question_id[]' id='qID_77' value='163690' \/><input type='hidden' id='answerType163690' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-163690[]' id='textarea_q_163690' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-78' style=';'><div id='questionWrap-78'  class='   watupro-question-id-163691'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>78. <\/span>Which THREE of the following are characteristics of job costing?<\/div><input type='hidden' name='question_id[]' id='qID_78' value='163691' \/><input type='hidden' id='answerType163691' value='checkbox'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663672' class='answer   answerof-163691 ' value='663672'   \/><label for='answer-id-663672' id='answer-label-663672' class=' answer'><span>It is appropriate where homogeneous products are manufactured<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663673' class='answer   answerof-163691 ' value='663673'   \/><label for='answer-id-663673' id='answer-label-663673' class=' answer'><span>It is only appropriate in manufacturing environments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663674' class='answer   answerof-163691 ' value='663674'   \/><label for='answer-id-663674' id='answer-label-663674' class=' answer'><span>Costs are traced to separately identifiable cost units<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663675' class='answer   answerof-163691 ' value='663675'   \/><label for='answer-id-663675' id='answer-label-663675' class=' answer'><span>It cannot be applied in a public sector or not for profit organization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663676' class='answer   answerof-163691 ' value='663676'   \/><label for='answer-id-663676' id='answer-label-663676' class=' answer'><span>A separate work in progress account is maintained for each cost unit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='checkbox' name='answer-163691[]' id='answer-id-663677' class='answer   answerof-163691 ' value='663677'   \/><label for='answer-id-663677' id='answer-label-663677' class=' answer'><span>It is a specific order costing system<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-79' style=';'><div id='questionWrap-79'  class='   watupro-question-id-163692'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>79. <\/span>Refer to the exhibit. <br \/>\r<br><br><img decoding=\"async\" width=254 height=181 src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2021\/01\/image058-2.jpg\" v:shapes=\"_x0000_i1053\"><br><br \/>\r<br>Data for October's budget for product Quest for the month of October are given below: <br \/>\r<br>Each unit of Quest requires 6kg of raw materials. Strict quality control procedures are applied to the manufacturing process and normal rejection levels are 5% of finished units. <br \/>\r<br>The raw materials purchases budget for the month of October is:<\/div><input type='hidden' name='question_id[]' id='qID_79' value='163692' \/><input type='hidden' id='answerType163692' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163692[]' id='answer-id-663678' class='answer   answerof-163692 ' value='663678'   \/><label for='answer-id-663678' id='answer-label-663678' class=' answer'><span>2,134,737 kg<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163692[]' id='answer-id-663679' class='answer   answerof-163692 ' value='663679'   \/><label for='answer-id-663679' id='answer-label-663679' class=' answer'><span>2,136,000 kg<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163692[]' id='answer-id-663680' class='answer   answerof-163692 ' value='663680'   \/><label for='answer-id-663680' id='answer-label-663680' class=' answer'><span>2,129,400 kg<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163692[]' id='answer-id-663681' class='answer   answerof-163692 ' value='663681'   \/><label for='answer-id-663681' id='answer-label-663681' class=' answer'><span>2,130,600 kg<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-80' style=';'><div id='questionWrap-80'  class='   watupro-question-id-163693'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>80. <\/span>The master budget is:<\/div><input type='hidden' name='question_id[]' id='qID_80' value='163693' \/><input type='hidden' id='answerType163693' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163693[]' id='answer-id-663682' class='answer   answerof-163693 ' value='663682'   \/><label for='answer-id-663682' id='answer-label-663682' class=' answer'><span>A consolidation of all subsidiary budgets<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163693[]' id='answer-id-663683' class='answer   answerof-163693 ' value='663683'   \/><label for='answer-id-663683' id='answer-label-663683' class=' answer'><span>The income statement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163693[]' id='answer-id-663684' class='answer   answerof-163693 ' value='663684'   \/><label for='answer-id-663684' id='answer-label-663684' class=' answer'><span>The cash budget<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-163693[]' id='answer-id-663685' class='answer   answerof-163693 ' value='663685'   \/><label for='answer-id-663685' id='answer-label-663685' class=' answer'><span>The budget for the principal budget factor<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-81'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons5075\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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