P1 Exam Dumps - Management Accounting
The following statements relate to the advantage(s) that linear regression has over the high-low method in the analysis of cost behaviour:
Which statement(s) is/are true?
Which of the following would help to explain a favourable material price variance?
Information about a company's two products is as follows:
The products are currently sold in equal quantities.
Monthly fixed costs are $360,000.
What is the monthly breakeven sales revenue assuming a sales quantity mix of 50/50?
Give your answer to the nearest $.
Where sales volume is the principal budget factor, which of the following is the correct order in which budgets have to be prepared?
A manager has to decide between four mutually exclusive projects, A, B, C and D:
Using the above information, which Project would a risk seeking manager choose?
XY manufactures a range of products and uses an activity based costing system.
Budgeted production of Product B is 7,500 units.
Overheads have been identified by activity and related to appropriate cost drivers.
Product B is produced in batches of 250 units. Machines have to be reset after every batch and quality inspections are carried out on every third batch.
What is the total overhead cost per unit of Product B?
Give your answer to two decimal places.