A Hide Time Remaining A Part 2 of 3- Question 5 of 13 1 Points Forgive enterprise stock records show the following trans

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A Hide Time Remaining A Part 2 of 3- Question 5 of 13 1 Points Forgive enterprise stock records show the following transactions for a specific item during last month: The inventory at the beginning of the month was 100 units values at GHC40000. During the month, it received 250 units into the warehouse and issued 150 units into production valued at GHC63000. Which of the following statement is correct regarding the cost of goods sold? OA. The cost of goods sold under LIFO is GHC2000 more than FIFO and GHC9857 more than weighted average O B. The cost of goods sold under FIFO is GHC2000 less than LIFO but GHC9857 more than weighted average O C. The cost of goods sold under weighted average is GHC2000 less than LIFO and GHC9857 more than FIFO O D. The cost of goods sold under FIFO is GHC2000 more than LIFO and GHC9857 less than weighted average Reset Selection A Question Progre 200 Ⓡ
art 3 of 3. Question 9 of 13 0.5 Points A Ltd operates a standard costing system and absorbs overheads on the basis of standard labour hours. There were 500,000 labour hours budgeted and the budgeted production overheads were GHS300,000 for the forthcoming year. The company budgeted to produce 125,000 units. The actual results for the period were as follows: Overheads GHS350,000, Output is 130,000 units and Labour hours is 450,000 hours. Which ONE of the following statements is correct? O A. Overheads were GHS38,000 over- absorbed. O B. Overheads were GHS38,000 under-absorbed. OC. Overheads were GHS80,000 over- absorbed. O D.Overheads were GHS80,000 under-absorbed. Reset Selection N
A company uses the repeated distribution method to reapportion service department costs. The use of this method suggests: O A. The company's overhead rates are based on estimates of cost and activity levels, rather than actual results O B. There are more service departments than production cost centres O C. The company wishes to avoid under or over absorption of overheads in its production cost centres O D. The service departments carry out work for each other Reset Selection
The following data relates to the operations of company A; direct material cost per unit-ghc5, direct labour cost/unit-ghc20 @ghc2/hour, indirect production expense is made up of- depreciation- 50000, indirect material-ghc30000, and indirect labour- ghc20000. The company plans to produce 5000units and absorb overhead based on direct labour hours. The rate of absorption is OA. Ghc5 OB. Ghc4 OC. Ghc3 O D. Ghc2