Take Test - Tutorial 3B Costing and CPV Analysis - BE8319..

11/3/2019 Take Test: Tutorial 3B Costing and CPV analysis – BE8319...
CHEN JIANXIONG ABE-DCEB/FT/3B/01 1

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Take Test: Tutorial 3B Costing and CPV analysis
Take Test: Tutorial 3B Costing and CPV analysis
Test Information
Description
Instructions
Multiple Attempts This test allows 3 attempts. This is attempt number 1.
Force Completion This test can be saved and resumed later.
QUESTION 1 10 points Saved
Marginal Cost (MC) is the cost
of producing one unit of output on average

needed to operate the business
of producing break-even sales
of producing one extra or one fewer unit of

production
Match the following:
B. Sales variance Production using more

(less) labour than
A.
C. Overhead variance expected due to changes
in production efficiency
D. Material variance
B. Favourable price may be
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Favourable price may be
Labour variance
A. Completion
Question Status: due to higher than
expected demand or
good economy
include e ciencies in
C. water, gas and electricity
usage
Resulted from changes in

competition for inputs or
D.
cheaper alternative
suppliers
A variance is
the difference between the actual and the
expected/budgeted costs or revenue
the identification of problems that need further
investigation
needed to seek a new market or update/extend the
product range
a respose to a change in revenue
Responses to cost variance do not include

seeking new and lower cost suppliers
improving quality to reduce defective goods
planning the level of activity for the next few years
changing the cost of distribution
Responses to an unfavourable sales variance may

include
seeking cheaper inputs and reducing waste
improving overhead efficiency

Question Completion Status:
improving product quality or cutting price

changing the material quality
Cost Volume Profit (CVP) analysis is based on

the relationship between sales revenue, profit and
loss in the short run of one year
the relationship between sales revenue, costs and
profit in the short run of one year
the relationship between sales revenue, costs and
profit in the long run
the relationship between sales unit, earnings, costs
and profit in the short run of one year
Irrelevant costs and revenues are

a ected by alterantives selected
una ected by alternatives selected
independent costs that had expired
costs that can be avoided
Find the best match for the following sentences:
Cost of resources A. Variable costs

which are already
acquired but the When the level of
B.
D. total will be activities triple
unaffected by C. Avoidable costs
alternative
decision D. Sunk Cost
Relevant for The cost of each order

C. decision-making E. must be calculated
purposes separately
Administrative F. Fixed Costs

Administrative F. Fixed Costs
F.
costs are
Question Completion Status: G.
Costs that change Remain constant over

A.
in direct a wide range of activities
proportion to for a speci ed time period
changes in level of H. Job costing
activites
I. Process costing
Total variable costs
B.
will triple J. Raw materials
G. Fixed costs
E. Job costing system
The cost of an order

is assumed to be
I. the average cost
per unit of all the
units
J. Variable costs
Suitable
for industries that
produce
H.
specialized or
made-to-order
outputs
Relevant costs and revenues are

past costs and revenues that will be changed by a
decision
past costs and revenues that will remain unchanged
by a decision
future costs and revenues that will be changed by a
decision
future costs and revenues that will remain
unchanged by a decision
Avoidable costs are those costs

that cannot be saved by accepting a given alternative
that may not be saved by not adopting a given

t at ay ot be sa ed by ot adopt g a g e
alternative
Question Completion Status:
that may be saved by delaying a decision
that may be saved by not accepting a given proposal
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11/3/2019 Take Test: Tutorial 3B Costing and CPV analysis – BE8319...

CHEN JIANXIONG ABE-DCEB/FT/3B/01 1

Take Test: Tutorial 3B Costing and CPV analysis

QUESTION 1 10 points Saved

Marginal Cost (MC) is the cost

of producing one unit of output on average

of producing one extra or one fewer unit of

QUESTION 2 10 points Saved

Match the following:

B. Sales variance Production using more

Resulted from changes in

QUESTION 3 10 points Saved

QUESTION 4 10 points Saved

Responses to cost variance do not include

changing the cost of distribution

QUESTION 5 10 points Saved

Responses to an unfavourable sales variance may

improving overhead efficiency

improving product quality or cutting price

QUESTION 6 10 points Saved

Cost Volume Profit (CVP) analysis is based on

QUESTION 7 10 points Saved

Irrelevant costs and revenues are

una ected by alternatives selected

independent costs that had expired

costs that can be avoided

QUESTION 8 10 points Saved

Find the best match for the following sentences:

Cost of resources A. Variable costs

Relevant for The cost of each order

Administrative F. Fixed Costs

Costs that change Remain constant over

E. Job costing system

The cost of an order

QUESTION 9 10 points Saved

Relevant costs and revenues are

QUESTION 10 10 points Saved

Avoidable costs are those costs

that may not be saved by not adopting a given

that may be saved by delaying a decision

that may be saved by not accepting a given proposal

Save All Answers Save and Submit

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