Answer Happy

The diagram below depicts actual and standard labour rates and hours in a firm with a standard costing system. Labour rate K A. RLMS B. ROPS C. NKLO D. NKMP N Q hours L 0 M P S The actual labour rate was £K per hour and the standard was £N. The actual number of labour hours was S and the standard was R. If all variances are adverse, the value of the labour rate variance will De represented by the rectangle.
Ermanthus ple's budget for next year, based on expected sales and production of 20,000 units, is as follows: Variable production costs Fixed production costs Variable selling costs Fixed selling costs Profit Sales revenue £'000 400 600 150 550 160 1,860 In order to achieve a minimum profit of £100,000 the firm must sell at least OA. 10.687 units OB. 12.500 units OC. 17,557 units OD. 19,084 units
Vinitha plc is considering two separate investment projects. Both projects involve an initial outlay and both are expected to produce positive annual net cash flows throughout their expected lives. The projects are not mutually exclusive. The company uses the Net Present Value (NPV) and Internal Rate of Return (IRR) methods to evaluato its investment projects. The following statements have been made in relation to the above projects: (1) (2) The IRR method and NPV method may not rank the projects in the same order of acceptability The IRR method and the NPV method may give conflicting results when considering whether to accept or reject each project in isolation The IRR method may produce multiple solutions for one or both of the projects (3) Which of the above statements are correct? DA. (1) only B. (2) only C. (1) and (3) D. (2) and (3)