When it comes to production some of the input used can either be too expensive or affordable to make therefore leading to the decision of whether to buy or make. How good are you at analyzing the costs of these two and choosing the right move? Take up the quiz to find out.
The variable cost of internal manufacture plus any fixed costs directly related to that product.
The variable cost of internal manufacture plus any fixed costs directly related to that product plus the opportunity cost of internal manufacture (e.g. lost contribution from another product).
Rate this question:
Rate this question:
Rate this question:
Nil
Extra cost of labour
Opportunity cost of diverting labour
Rate this question:
Rate this question:
Cash flows
Future costs and revenues
Differential costs and revenues
Depreciation costs
Past costs and revenues
Rate this question:
Nil
Extra cost of labour
Opportunity cost of diverting labour
Rate this question:
Rate this question:
True
False
Rate this question:
Current purchase price
Opportunity cost (eg lost scrap value or lost contribution)
Historic cost
Rate this question:
Current purchase price
Opportunity cost (eg lost scrap value or lost contribution)
Historic cost
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
The variable cost of internal manufacture plus any fixed costs directly related to that product.
The variable cost of internal manufacture plus any fixed costs directly related to that product plus the opportunity cost of internal manufacture (e.g. lost contribution from another product).
Rate this question:
Nil
Extra cost of labour
Opportunity cost of diverting labour
Rate this question:
Current purchase price
Opportunity cost (eg lost scrap value or lost contribution)
Historic cost
Rate this question:
The lost contribution from the area that is being closed
Savings in specific fixed costs from closure
Known penalties and other costs resulting from the closure
Any known reorganisation costs
Any known additional contribution from the alternative use for resources released
Penalties and other costs resulting from the closure may not be known with certainty
Reorganisation costs may not be known with certainty
Additional contribution from the alternative use for resources released may not be known with certainty
Knock-on impact of the shut-down decision
Rate this question:
Rate this question:
Any difference in revenue and any extra costs
Joint costs are sunk at this stage and thus not relevant to the decision
Joint costs before the split-off
Rate this question:
Rate this question:
The lost contribution from the area that is being closed
Savings in specific fixed costs from closure
Known penalties and other costs resulting from the closure
Any known reorganisation costs
Any known additional contribution from the alternative use for resources released
Penalties and other costs resulting from the closure may not be known with certainty
Reorganisation costs may not be known with certainty
Additional contribution from the alternative use for resources released may not be known with certainty
Knock-on impact of the shut-down decision
Rate this question:
Reliability of external supplier
Specialist skills
Alternative use of resource
Social
Legal
Confidentiality
Customer reaction
Unskilled skills
Administrative
Rate this question:
Quiz Review Timeline (Updated): Mar 21, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
ACCA F5 Certification Exam: Trivia Quiz
Here we bring you an ACCA F5 Certification exam practice test. One of the basic skills needed, regardless of the type of business opened, is to do proper accounting for either...
Questions:
45 |
Attempts:
3762 |
Last updated:
Mar 22, 2023
|
|
F2 ASSESSMENT 2
F2 ASSESSMENT 2 evaluates understanding of costing principles in business scenarios. It tests skills in absorption and marginal costing, labor efficiency, and direct labor cost...
Questions:
30 |
Attempts:
810 |
Last updated:
Mar 22, 2023
|
|
Management Accounting Quiz Questions And Answers
Are you ready to dive into the world of management accounting? This intriguing 'Management Accounting Quiz' is specifically crafted to test your knowledge and...
Questions:
20 |
Attempts:
15420 |
Last updated:
Aug 26, 2024
|
Accounting 202: Management Accounting! Quiz
Are you familiar with management accounting? Would you like to try this quiz? In managerial accounting, managers utilize accounting information to better inform themselves before...
Questions:
28 |
Attempts:
935 |
Last updated:
Mar 21, 2023
|
Accounting For Management And Sources Of Data
The questions are set as per ACCA standards and are hence worded to confuse students.
You can access your total score and the correct answer to each question immediately...
Questions:
10 |
Attempts:
187 |
Last updated:
Mar 22, 2023
|
ACCA F2: Management Accounting Test! Trivia Quiz
Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA.
Number of Questions: 15 questions
Time Available: 36 mins
Your score will be available...
Questions:
14 |
Attempts:
3789 |
Last updated:
Mar 22, 2023
|
Wait!
Here's an interesting quiz for you.