In a manufacturing company which produces a range of products, the wages of a machine operator in the factory would be classified as a:

A budget that is continuously updated by adding a further accounting period when the earliest period has expired is known as:

Refer to the exhibit.

A company requires 2,000 units each of components X, Y and Z during the next period. All three components are made on the same machine which has a capacity of 26,000 hours for next period. No inventories are held.
Data for the three components are as follows:
In order to minimize cost, how many units of component X should be purchased from the external supplier?

Which of the following is not a relevant cost?

Refer to the exhibit.

A management accountant had prepared the following initial overhead analysis, showing the overhead allocated and apportioned to the three cost centres. The number of employees in each cost centre is also shown.
The service cost centre costs are now to be reapportioned to the production cost centres on the basis of the number of employees in each production cost centre. After the reapportionment has been completed, the total overhead cost of the Assembly department will be: