Refer to the exhibit.
PD manufactures a product in a process operation. Normal loss is 5% of input and occurs at the end of the process. The following data is available for the month of August:
What was full cost of output to finished goods in August?
Which THREE of the following statements could explain why a favourable sales volume contribution variance has arisen?
A company hires a delivery vehicle for $200 per day plus $2 per kilometre travelled. The total hire cost would be described as:
Which of the following statements is correct?
(i) Public sector bodies use annual budgets and thus have no need for longer term strategic planning information
(ii) Public sector budgets are fixed budgets therefore the use of flexible budgets for cost control purposes is not appropriate
(iii) Public sector performance indicators include both financial and non-financial information