Before attempting this assignment you should have read chapters 1 and 2 of your Osborne Book ”BASIC COSTING" and attempted the chapter activities in your WORKBOOK. The pass mark for the assignment is 70% - should you fail then please review the areas where you are weak. If you are still having problems then please do not hesitate to contact AATFree Good Luck!
Manufacturing
Retailers
Wholesalers
Service Companies
Manufacturer
Service company
Retailer
Wholesaler
Merchandise
Retailer
Wholesaler
All of the above
Finished goods inventory
Raw materials inventory
Work in process inventory
Merchandise inventory
Finished goods
Raw materials
Supplies
Work in process
Manufacturing company
Merchandising company
Service company
Simple company
Wood
Fabric
Assembly worker wages
Steel framing
Customer service
Distribution
Production or purchases
Marketing
Customer service
Distribution
Production or purchases
Marketing
Cost of the engines
Machinery depreciation in the factory
Plant cleaners wages
Plant supervisor salary
Salary of a production manager
Salary of the director of operations
Wages of assembly line personnel
Wages of factory security
Direct materials and direct labor
Indirect labor and indirect materials
All materials
Factory rent and direct labor
General
Direct
Finished
Indirect
Salary of the plant manager
Sales commissions
Direct materials
Delivery costs
They will remain the same throughout production levels.
They will decrease as production decreases.
They will decrease as production increases.
They will increase as production decreases
Are fixed in total as production levels change
Are fixed per unit and vary in total as productions levels change.
Decrease per unit as production volume increases
Vary per unit of output as production levels change
Subtracting total fixed costs from total variable costs
Subtracting total variable costs from total fixed costs
Adding total fixed costs to total variable costs
Subtracting total fixed costs and total variable costs from sales.
Plans
Decision making
Control
Hiring practices
External reporting
Internal reporting
Tax preparation
Auditing
Financial information
Nonfinancial information
Forecasts of future earnings
All of the above
Shareholders
Creditors
Internal decision-makers
Both shareholders and creditors
Customers of the company
Vendors of the company
Potential investors of the company
All of the above
Vendors
Customers
Managers
Shareholders
Managers
Customers
Creditors
Suppliers
Creditors
Customers
Managers
Shareholders
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