'Small-Cap Companies' Are Those

question 13

Multiple Choice

'Small-cap companies' are those:

• A)not in the ASX 100
• B)not in the ASX 200
• C)the 200 companies in the ASX 300 but not in the ASX 100
• D)the 100 companies in the ASX 200 but not in the ASX 100
• E)the 200 smallest listed companies.

Calculate and understand overhead application rates and their impact on overhead variances.

Distinguish between different types of standards (ideal, normal, and attainable) and their purposes.

Understand the role of standard cost systems in job order and process costing.

Understand factors contributing to variances and their interpretations.

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Definitions:

365-Day Year

A term referring to the normal count of days in a calendar year, not including leap years which have 366 days.

Quarterly Payroll

The total amount of wages paid by a business to its employees in a three-month period.

Ordinary Simple Interest

A method of calculating the interest charge on a loan based on the principal amount, interest rate, and time.

360-Day Year

Refers to an accounting simplification where a year is assumed to have 360 days instead of 365 or 366, commonly used in financial calculations.