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ScotlandAccountingQuick questions
Preparing Management Accounting Information
Quick questions on Job and overhead costing - SQA Higher Accounting
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Budgeted overheads are £60,000 and budgeted labour hours 12,000. Calculate the labour-hour absorption rate. [2 marks]
What is q2?Show answer
A job uses direct costs of £500 and 8 labour hours at the rate above. Calculate its total cost. [2 marks]
What is q3?Show answer
State a suitable basis for apportioning machine insurance and explain why. [2 marks]
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