Reference no: EM132792552

Problem 1: The implementation of an "ideally standards" costing system to a manufacturing organisation is likely to:

a. produce favourable materials usage variances

b. increase product sales

c. be a de-motivating factor for direct Labour employees

d. reduce fixed production overheads

Problem 2: Which ONE of the following transactions will NOT impact on the working capital position of a business?

a. Wages paid by bank

b. the depreciation of fixed assets

c. the purchase of goods for resale (inventory) on credit terms

d. a credit customer receipt deposited into the business bank account