Which method of pricing can be used satisfactorily in either a rising or falling price situation?
A. Standard price B. Marketing price C. FIFO D. Average method Correct Answer: Option D – Average method
Calculate the purchases for the period?
Given: Cash purchases …………………………N25000 Trading creditors……………………….N45000 Opening balance of trade creditors………..N35000 A. N80,000 B....
A company operating a chain of retail provision stores invoices goods to the branches at cost plus a mark-up of 25%. What is the mark-up percentage on selling price?
A. 35% B. 30% C. 20% D. 15% Correct Answer: Option C – 20%
Costs that vary in proportion to the level of production in a manufacturing environment are known as?
A. control costs B. overheads C. direct costs D. indirect costs Correct Answer: Option C – direct costsProducts
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