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Fundamentals of Management Accounting Questions and Answers

Question 57

In investment appraisal, the calculation of the payback period

places the same value on all cash flows received over the whole life of a project.

places the same value on all cash flows received during the payback period.

places greater value on cash flows received in earlier years during the payback period.

places greater value on cash flows received in later years during the payback period.

Question 58

Refer to the exhibit.

Which is the correct journal entry required to record an adverse labour rate variance in an integrated accounting system?

The correct journal entry required to record an adverse labour rate variance in an integrated accounting system is: