1. A profit centre is best defined as:
A. a unit within an enterprise with responsibilities for revenues, costs and capital investment
B. a unit within an enterprise with responsibilities for revenue and costs
C. a unit within an enterprise where costs are collected before being analysed further
D. a uni within an enterprise whose performance is the responsibility of a specific manager
2. A company produces components for washing machines. Each component has a raw material input of $20 and labour input that costs $10. The company must also pay the rent of the factory totalling $20,000 per annum, production supervisor's costs of $25,000 per annum and the managing director's salary of $35,000 per annum. The budgeted output is 10,000 units per annum.
The fixed production cost is:
A. $45,000
B. $75,000
C. $80,000
D. $115,000
3. A variable cost is one which:
A. increases in direct proportion to output
B. remains constant irrespective of the level of output
C. can be attributed directly to a unit of output
D. varies throughout the year
4. A particular cost is classified as 'semi-variable'
What effect would a 15% reduction in activity have on the unit cost?
A. increase by less than 15%
B. increase by 15%
C. reduce by less than 15%
D. remain constant
5. If a company is using the FIFO method for material issues at a time when material prices are rising, this will mean which of the following?
1. Profits will be higher than if LIFO was used
2. Profits will be higher than if weighted average pricing was used
3. The closing inventory valuation will be lower than if LIFO is used
A. All of the statements are true
B. Statements 1 and 2 are true, statement 3 is false
C. Statements 2 and 3 are true, statement 1 is false
D. All of the statements are false
Do you have problems understanding how to prepare, process and present basic cost information to support management in planning and decision making in a variety of business contexts?
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Showing posts with label accounting tuition in singapore. Show all posts
Showing posts with label accounting tuition in singapore. Show all posts
Saturday, May 3, 2014
Monday, April 14, 2014
Grasp the concept of Debit and Credit- IGCSE O Level POA Principle of Accounting tuition by Trained Accounting Tutor in Singapore

To schedule for tuition, call 9372-7675 or email enquiry@findtuitionteachers.com
Are you having problem with your POA accounting for your IGCSE? Do you need help to ease the burden of trying to understand the methodology of scoring in the exam? Do schedule for one to one or come in a group for lessons now.
Other Subjects That Are Offered By Us:
· Business Studies
· Mathematics
What you can expect from the tuition:
1. Practice questions
2. Past year paper questions
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing Analytical and problem solving skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Tutor's Profile:
> Degree – First Class Honours
> Certification – CAT (Certified Accounting Technician), ACCA (Association of Chartered Certified Accountant), Accounting Teacher Training Program
> Experience -- 6 years of tutoring
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Monday, September 2, 2013
Accounting Tuition In Singapore For Secondary Students, SMS +63 9372 7675 For Tuition Enquiries/ Tutors!
According to "Private tuition in Singapore - A White Paper Release" conducted by Blackbox Research in 2012, 80% of Singaporeans believe that tuition is beneficial to education.
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We offer both one-to-one and group tuition for Primary to Masters students for all related subjects. Please form your own group because this will facilitate our teaching methodology.
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing Analytical and problem solving skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do contact me at 9372-7675 or email enquiry@findtuitionteachers.com for tuition.
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