A company wishes to evaluate a division which has the following extracts from income statement and statement of financial position. Income statement: $’000 Sales 500 Gross profit 200 Net profit 120 Statement of financial position: $’000 Non current assets 750 Current assets 350 Current liabilities (450) Net assets 650 What is the residual income for the division if the company has a cost of capital of 18%?

Which of the following bases is more an activity-based cost driver rather than a volume based cost driver in relation to applying overheads?

In a manufacturing overhead variance, which is excluded from a two-way variance, as opposed to a three-way?

Which of the following does NOT describe 'Backflush Costing'?

Operating Leverage Indicates

Which of the following is NOT a prime cost in management accounting?

Which of the following is NOT used as a treatment of fixed manufacturing costs in management accounting?

Which of the following is *NOT* a benefit likely to arise from the implementation of a ‘just in time’ cost approach?

Rolling budgets are useful when

Which of the following would NOT be treated as a period cost in management accounting?

When more factory overheads are incurred than have been applied to the product costing, it is known as...?